Analysis: $97,000 is a key price level for Bitcoin recently; a break above this level would allow investors to return to their comfort zone.

According to an analysis published on the X platform by CryptoQuant analyst Darkfost, Bitcoin's price is currently hovering around $93,000, suppressing bullish sentiment. The first price level Bitcoin hopes to reclaim is $97,000. A break above this level would put investors in a comfortable position, restoring their expectations of potential gains and encouraging them to hold rather than sell, thus providing some stability. However, if Bitcoin fails to break through the key $97,000 level, it means investors "still need to be cautious."