Bearish Warning for Bitcoin from Analysts: Price Could Decline to These Levels! - Coin Newsletter

**Bitcoin (BTC) could fall as much as $58,000 in the next few days, experts say.

In a note published on Wednesday, March 13, cryptocurrency analytics firm Swissblock highlighted the possibility of a decline in Bitcoin's price. Stating that Bitcoin has risen almost 2 times since the beginning of January, Swissblock analysts emphasized that there is a negative divergence between the price and the RSI momentum indicator** and that the decline may deepen to the 58 thousand dollar band.

The Swissblock front, which seems determined in its 20% decline predictions for a possible cooling-off phase, has hinted that Bitcoin has repeatedly risen to an all-time high in the last 1 week alone and that this cannot be sustained any longer.

Henrik Zeberg, an analyst at Swissblock, stated that a correction could be a few days away, but noted that in the big picture, the bullish momentum is maintained and the real peak is yet to come**:

Nothing rises in a straight line. Even Bitcoin. A fix seems imminent. We predict that BTC will fall to $58,000-$59,000 in the next move. But still, as far as we are concerned, the peak is yet to be seen.