Bitcoin’s price decline below 97,000 USD indicates a 12% drop in the past week amid increased selling pressure. Key support levels of 92,888 USD and 95,871 USD may prompt investors to seek buying opportunities at these lower prices.
Despite the current downturn, analysts anticipate Bitcoin could rebound above 100,000 USD by early 2025. A decrease in selling pressure and reduced profit-taking could allow new bullish trends, making entry points more favorable for buyers.