Analysis dynamics:
Swissblock Analyst: Bitcoin May Fall to Around $58,000
Swissblock analysts said that Bitcoin prices have almost doubled since the end of January, but “a reverse trend appears to be coming.” Analysts at Swissblock noted that Bitcoin’s upward momentum is fading, highlighted by the negative divergence between its price and the RSI momentum indicator. BTC may drop 20% from its current price in the short term to around $58,000, but Swissblock expects the upward trend to resume thereafter.
