Bitcoin Bulls Strive To Regain Control As Price Dips To $97,670 Key Levels

Bitcoin Makes Another Fall Despite Persistent Buyers

Bitcoin bulls are striving to regain control as the price dips to the $97,670 key level. After reaching a quarterly high of $108,550 earlier this month, Bitcoin has experienced a significant pullback, retreating to this critical support zone.

BTCUSD Key Levels

Resistance Levels: $89,000, $93,000
Support Levels: $97,670, $98,900
Despite substantial growth in the crypto market this quarter, sellers have recently entered, applying pressure and driving prices lower. However, the bullish trend that dominated the past few months suggests buyers are regrouping for another push to counter the current selling momentum.

The drop to $97,670 represents a critical support level where bulls need to defend their position. This area could serve as a turning point for a potential rebound, as buyers aim to reclaim dominance after a period of bearish activity.

The Moving Average Convergence and Divergence (MACD) indicator highlights sellers’ efforts to extend their control. Although the signal line remains in the positive zone, its downward slope indicates the possibility of further bearish activity in the near term. The Momentum indicator also reflects the current price decline, suggesting a short-term dip in buying strength as sellers gain ground. Nevertheless, the broader market retains a strong bullish undertone.

Market Expectation

In shorter timeframes, the market has shifted from bullish dominance, with sellers pushing prices lower. However, the overarching bullish trend that fueled growth this quarter still provides buyers with a solid foundation to attempt recovery.
While Bitcoin’s dip to $97,670 signals increased selling pressure, bulls maintain a stronger position within the broader market structure. A successful defense of the $97,670 support level could set the stage for a bullish resurgence, potentially driving the price back toward the $108,550 resistance zone. Crypto signals suggest that this critical level could shape the next significant market movement.

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