Experts said that Bitcoin (BTC) could decline by 20% in the next few days, reaching up to $58,000.
Cryptocurrency analysis company Swissblock Wednesday, March 13 In a note published today, he included the possibility of a decline for the Bitcoin price. Bitcoin’s almost increased by 2 times Swissblock analysts stated, Negative divergence between price and RSI momentum indicator occurred and the decline Up to 58 thousand dollars He emphasized that it could deepen.
For a possible cooling phase 20% decrease The Swissblock front, which seems determined in its predictions, implied that Bitcoin has repeatedly reached its highest level of all time in the last week alone and that this cannot be sustained any longer.
From Swissblock analysts Henrik Zebergcorrection It could be as soon as a few days However, looking at the big picture, the bullish momentum is maintained and The real peak is yet to come noted:
Nothing rises in a straight line. Even Bitcoin. A correction seems imminent. We predict that BTC will drop to $58,000-59,000 in the next move. But still, in our opinion, the peak has not yet been seen.