Bitcoin has fallen to a six-month low of $88,267, sparking mixed sentiment among traders about the direction of the market. Key support levels have been breached, leading to uncertainty about whether the bull market has ended or if Bitcoin is bottoming out.

Analysts are watching the $95,000 to $97,000 range as a key resistance level, with the potential for a short squeeze to $100,000 if liquidity around $92,000 is absorbed. Market data suggests a potential reversal if Bitcoin can reclaim the $97K-$98.5K range.

US spot Bitcoin ETFs saw $75 million in inflows on Wednesday after a streak of outflows, signaling potential stabilization in the BTC markets. Traders remain hopeful for a short squeeze to $100,000, but uncertainty persists as Bitcoin struggles to regain key support levels and momentum.

Read more at Cointelegraph: Watch These BTC Price Levels