Bitcoin (BTC) drops 12% to below $97,000, but historical data suggests this pullback could attract new buyers. The Coinbase Premium Index shows significant selling pressure, which has previously led to renewed accumulation. On-chain data indicates a decrease in profit-taking, with holders opting to HODL. Technical analysis points to potential support at $95,871, with a possible rebound to $104,299 or even $108,386 in bullish conditions. However, a decline below support could push the price to $92,144. #Bitcoin #BTC #Crypto #MarketAnalysis