Despite a recent rejection from the $112K area, the pullback in Bitcoin is viewed as a healthy correction by market experts.
Crypto analyst DaanCrypto identified the $97K–$99K region as a crucial support zone, anchored by the mid-range level, a 0.382 Fibonacci retracement, and the Daily 200 Moving Average.
DaanCrypto emphasized the importance of closely monitoring the $97K–$99K range in case of a pullback, calling for patience amidst the current range-bound action.
Analyst Michaël van de Poppe suggested that Bitcoin must reclaim $106K for bullish momentum to resume and highlighted the importance of this level for liquidity in the market.