Analysis: Bitcoin's resistance level 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 nearing the green, and the US Dollar Index (DXY) has weakened to 98.36, suggesting that market sentiment may be shifting towards a more favorable outlook for Bitcoin. The analysis indicates that if Bitcoin breaks through its current downtrend line, it may end its long-term decline, with a target resistance zone between $97,000 and $108,000. However, if it breaks below the minor ascending channel, it may test the $80,000 support level. Furthermore, continued weak ETF inflows may limit upside potential.