CAN BITCOIN PRICE DROPPED BELOW $97000 ?
Why BTC Could Drop Below $97K
Market Volatility
Bitcoin routinely shifts by several thousand dollars in short periods—especially amid changing sentiment.
Fed Impact
The Federal Reserve holding rates high can dampen appetite for risk assets—including crypto.
Profit-Taking & Resistance Zones
Price has faced resistance around $103K–$106K recently. Failing to break through often leads to pullbacks toward support levels between $95K–$100K.
Geopolitical and Macro News
Events like war, economic data surprises, or regulatory headlines often trigger sharp swings.
🎯 Support & Resistance Levels
Immediate support: ~$99K–$100K (current zone)
Next support: ~$95K–$97K—where buyers often step in
Key resistance: ~$103K–$106K—must break this for sustained rally.