Bitcoin price levels to watch as ‘bear flag’ breakdown targets $97K
Bitcoin fell 11% from its $111K all-time highs as traders say BTC price could drop to $97K if key support levels don’t hold amid rising trade tensions.
Key takeaways:
The emergence of a bear flag on the four-hour chart projects a Bitcoin price drop to $97,000.
Traders say BTC price may drop as low as $85,000 if key support levels are broken, including the $100,000 psychological level and the yearly opening at around $92,000.