Bitcoin Price Analysis: Will $97,250 Be the Next Stop?

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Bitcoin is showing signs of weakness after failing to hold its recent gains. 

BTC Chart (Source Trading View)

The leading cryptocurrency has pulled back sharply, currently trading at $102,800, down from the recent local high of $107,000.

This drop has raised concerns among traders as technical indicators begin to reflect a shift in momentum.

Technical Breakdown

Price Below EMA50

On the 4-hour timeframe, BTC candles have fallen below the EMA 50, a widely watched short-to-medium term trend indicator.
This break signals that the bullish momentum has weakened, and the bears may be starting to take control.

RSI Remains Neutral

The Relative Strength Index (RSI) is holding steady in the neutral zone.
It’s neither oversold nor overbought, which suggests that Bitcoin has room to move in either direction — but the lack of bullish strength makes the downside more likely if current trends persist.

Key Level to Watch: $97,250

If bearish pressure continues, Bitcoin could soon retest the critical support level at $97,250.
This zone has previously acted as a strong demand area, and a bounce here is possible. However, if BTC fails to hold this level, it could open the door for a deeper correction.

Final Thoughts

Bitcoin’s recent decline below the EMA 50 on the 4H chart combined with a neutral RSI points to a cautious outlook.
While there’s no confirmed breakdown yet, all eyes should be on the $97,250 level in the coming sessions.

Stay alert and manage your risk accordingly — the next few candles could decide Bitcoin’s short-term direction.

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