Analysis shows that the resistance range for Bitcoin is between $97,000 and $108,000, with $80,000 as the support level

According to CoinDesk analyst Omkar Godbole, Bitcoin's current price movement is flat, but technical indicators show potential bullish signals. The MACD histogram is close to turning green, and the US Dollar Index (DXY) has weakened to 98.36, indicating that market sentiment may be shifting positively for Bitcoin.

The analysis points out that if Bitcoin breaks through the current downward trend line, it could end the long-term downtrend, with the target resistance range between $97,000 and $108,000. However, if it breaks below the small ascending channel, it may test the $80,000 support level. Additionally, the continued weak inflow of ETF funds may limit the price's upward potential.