Bitcoin Price Outlook: Testing the $97,800 Support Zone

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Let's analyze Btc!

Bitcoin is currently moving inside a clear descending channel, showing consistent lower highs and lower lows. The price is likely to continue its downward movement until it reaches the daily support area around $97,800.

This zone appears to be a promising area for long-term opportunities. Still, traders should wait for strong confirmation signals before entering, as a reversal will only be valid once momentum shifts from bearish to bullish.