Bitcoin Likely to Fall by $5K Then Rise by Same Amount: AnalystBTC's recovery has stalled despite bullish sentiment, with warnings of a potential $5,000 price drop due to seller dominance and lack of oversold conditions.
Bitcoin's Meteoric Rise Makes Everything Else Look Like 'Junk,' Trader SaysBitcoin has nearly doubled in value in the last six months, surpassing major assets like Nvidia and S&P 500.Bitcoin's RSI of 79.02 is at levels not seen since the 2021 bull market, suggesting potentially overbought conditions.
Bitcoin Likely to Fall by $5K Then Rise by Same Amount: AnalystBTC's recovery has stalled despite bullish sentiment, with warnings of a potential $5,000 price drop due to seller dominance and lack of oversold conditions.
Bitcoin's Meteoric Rise Makes Everything Else Look Like 'Junk,' Trader SaysBitcoin has nearly doubled in value in the last six months, surpassing major assets like Nvidia and S&P 500.Bitcoin's RSI of 79.02 is at levels not seen since the 2021 bull market, suggesting potentially overbought conditions.
Bitcoin Could Drop to $58K as Cool-Off Period Is Imminent, Swissblock SaysBitcoin could see a 20% drop in the near term, but the uptrend is expected to resume.Analysts warn of a potential cooling-off phase for Bitcoin due to a negative divergence between its price and RSI indicator.