Bitcoin’s Bull Market at Risk if $97,190 Support Level Fails
- Bitcoin is retesting the $100,000 level after a 2.22% decline in the past 24 hours.
- The key support level for Bitcoin is identified at $97,190, crucial for maintaining its bullish trajectory.
- Around 73% of addresses that bought Bitcoin within the current range are in profit.
- Approximately 1.45 million addresses purchased Bitcoin between $95,727 and $98,719.
- 60.94% of traders on Binance with open Bitcoin futures positions are betting on an upside.
Bitcoin’s current trading price is $99,403, with a critical support level at $97,190 to sustain its bullish momentum. A break below this could lead to increased selling pressure.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-bull-market-at-risk-if-key-97000-support-level-fails-to-hold-analyst-warns/?rand=52377
