Based on Cryptoticker, Bitcoin is showing signs of a potential deeper correction as it mirrors a bearish pattern seen in 2021. The price has broken the $100,000 support level and is now testing $92,870. Analysts note the weekly RSI indicates extreme oversold conditions, similar to 2023, but warn that further declines are possible before a bottom forms. Short-term targets include $90,000 and potentially $74,000–$78,000 if the downtrend continues.
Bitcoin Price Analysis: Analysts Warn of Deeper Downtrend Amid Oversold Levels
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