As reported by Bijié Wǎng, Bitcoin's price has dropped below $97,000 after breaking the $100,000 psychological level, triggering increased selling pressure. Analysts suggest the current correction may end in the coming days, though the death cross and weakening on-balance volume (OBV) indicate ongoing bearish momentum. The 50-day and 200-day moving averages are approaching a death cross, and the price is testing a key support level between $97,000 and $99,000. A close below this level could open the path to a deeper demand zone between $92,000 and $94,000.
Bitcoin Price Falls Below $97,000 Amid Death Cross Concerns
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