In February, Bitcoin (BTC) fell below $90,000, raising concerns of a further decline. Experts, including Brian from Santiment and John Glover from Ledn, weigh in on potential price movements, suggesting BTC may stay range-bound or drop further. Bitcoin's RSI indicates potential oversold levels, possibly prompting a rebound if selling eases.
The decline in Bitcoin's large holders' netflow confirmed reduced whale activity, intensifying selling pressure. Glover believes BTC might experience short-term stability, while "Trump effect" factors may already be considered.
Bitcoin's RSI suggests oversold conditions, hinting at a possible price rebound.
Source : beincrypto.com ↗