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 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. …