Bullbit
Cryptocurrency
Bitcoin’s 40% Correction Could Still Get Worse: 4 Reasons Why
- What: Bitcoin's 40% correction may not be over yet.
- Why: A hidden RSI divergence and an overbought condition on the MACD are warning signs.
- Signal: The ascending channel that formed after the crash may be a false recovery.
- Target: A potential drop to $40,000 or lower is possible.
- Risk: Investors should be cautious and consider hedging their positions.