Bitcoin price analysis: How low could BTC fall after the recent sell-off?
Bitcoin’s narrow range broke to the downside, triggering a long liquidation and pulling the price to $25,166. The $24,800 level is expected to provide strong support, and the oversold RSI suggests a possible pullback or consolidation in the near term. If the price rebounds off $24,800, it could reach the 20-day EMA of $28,786. However, if bears continue to sell on rallies, there is a possibility of a break below $24,800, leading to a nosedive to $20,000. A break and close above the 20-day EMA would indicate a possible consolidation.
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