Bitcoin is exhibiting a bearish pattern on the four-hour chart, which suggests a potential price drop to around $97,000. If critical support levels, including the psychological $100,000 and the yearly opening at approximately $92,000, fail, traders anticipate a possible decline to $85,000. Following a peak at nearly $103,100 on May 31, Bitcoin has formed a bear flag, a bearish continuation pattern characterized by upward consolidation after a sharp decline. A breakdown below the flag's lower boundary at $104,800 could confirm further downside, with market indicators supporting this outlook. Analysts emphasize monitoring the mid-range at $99,600 and the previous all-time high of $108,000 as pivotal levels in early June. A movement above $108,000 may lead to a rise towards higher resistance levels, while a drop below $99,600 could trigger additional declines. Analysts forecast a larger correction into mid-June, with crucial support at $102,000 and the yearly open at $92,000. A reaction around these levels will determine if buying opportunities arise or if further declines toward $85,000 are expected. Overall, Bitcoin traders are attentive to the market dynamics across weekly and monthly timelines, especially around $100,000 and $97,000 as they assess price developments.

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