According to technical analysts, the area between $97,000 and $98,500 is a key support zone. If the price breaks below this level, a drop to $91,000 is possible, which is in line with a possible “inverse head and shoulders” pattern.
On the three-day chart, Bitcoin is forming a possible “inverse head and shoulders” pattern, which indicates a bullish (positive) trend in the long term, but in the short term, the price could fall to $91,000.