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.

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