Bitcoin Price Levels to Watch: Bear Flag Breakdown Targets $97K

Traders are watching closely as Bitcoin (BTC) forms a bearish flag pattern on the four-hour chart, signaling a potential price drop toward $97,000. This pattern, characterized by consolidation after a sharp decline, suggests that the current rally may be losing steam. Analysts highlight that if key support levels are breached, including the psychological level of $100,000 and the yearly opening around $92,000, a downward move towards $97,000 could occur.