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Bitcoin Holds Range as Analysts Watch $97K–$106K for Key Reactions

  • 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.

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