Bitcoin remains within its broader consolidation range, with analysts highlighting key technical levels that could determine the asset’s next significant move.
Despite a recent rejection from the $112K area, the pullback is being viewed by market experts as a healthy correction rather than a breakdown.
Crypto analyst DaanCrypto noted that BTC is still trading inside its larger macro range. In the event of further downside pressure, he identified the $97K–$99K region as a crucial support zone.
This area aligns with the mid-range level, a 0.382 Fibonacci retracement from the recent move up, and the Daily 200 Moving Average (200MA), which is catching up to the price.
“If we see a pullback early next month, I’m watching $97K–$99K closely,” said DaanCrypto. He added that while a strong breakout above the all-time high would be ideal, the current range-bound action calls for patience.
Meanwhile, Michaël van de Poppe shared a similar view, stating that Bitcoin needs to reclaim $106K for bullish momentum to resume. “That’s where the liquidity is,” van de Poppe explained. He sees the current dip as a normal and healthy market correction, necessary to reset before a potential upward continuation.
“Until BTC breaks back above $106K, this is just consolidation and downside liquidity being taken,” he said, referring to a nearby price point of interest highlighted in his chart.
Both analysts suggest that the market remains structurally sound, with strong reactions expected around the $97K–$106K range. Traders are advised to stay cautious but alert for breakout opportunities if Bitcoin tests these levels in the days ahead.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-holds-range-as-analysts-watch-97k-106k-for-key-reactions/