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Could Bitcoin Drop To $70,000 From Here? Analyst Flags Key Warning Signs
The post Could Bitcoin Drop To $70,000 From Here? Analyst Flags Key Warning Signs appeared first on Coinpedia Fintech News Bitcoin has reached first resistance at $87,000, but a chart analyst is warning of a potential…
· 1 min read · 151 words · via Coinpedia
Wire briefing
The post Could Bitcoin Drop To $70,000 From Here? Analyst Flags Key Warning Signs appeared first on Coinpedia Fintech News Bitcoin has reached first resistance at $87,000, but a chart analyst is warning of a potential deeper pullback ahead. Higher timeframes are showing a bearish RSI divergence, while lower timeframes suggest one more push higher may still be needed before a top forms. The analyst is watching a backtest near $83,500 as a critical level. …
Source: Coinpedia. This is a wire summary for GetFreeBit readers - verify the original report before making custody, trading, or tax decisions. Not financial advice.
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