Bitcoin Could Drop to $58K as Cool-Off Period Is Imminent, Swissblock Says

"We see BTC dropping to $58,000-$59,000 in the next move," they said, representing a 20% decline from current prices. "But the top is not in."

"Nothing rallies in a straight line. Not even BTC," Swissblock analysts said in a Telegram update. "A counter move seems to be near."

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