Bitcoin Drops Below $97,000 Amid Market Fluctuations
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February 16, 2025 10:15 PM
In Brief:
Bitcoin fell below $97,000, marking a 0.83% decline in the last 24 hours.
Market volatility continues as traders monitor key resistance and support levels.
Bitcoin has slipped below the $97,000 mark, trading at $96,995 according to HTX market data. The 0.83% dip reflects ongoing market fluctuations, with traders closely watching support at $95,000 and potential resistance near $100,000.
Analysts suggest that Bitcoin’s price action is currently reactive to macroeconomic factors and ETF-driven inflows, with liquidation clusters forming around key price points. Investors remain cautious as BTC navigates between bullish momentum and correction risks.
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