Bitcoin Breaks Through Ceiling, Cooling Imminent? Experts Suggest BTC Could Fall to $58K

Cryptocurrency data analysis firm Swissblock has released a report suggesting that a cool-off period for bitcoin is imminent. "Bitcoin's price has almost doubled from $3.8K at the end of January without any meaningful decline. A cooling off period may be imminent. Nothing rebounds in a straight line. "The RSI-based data suggests that this pullback could materialize in the coming days. We are forecasting a drop to $58,000 to $59,000. This is about a 20% drop from the current price. However, this is likely to be a temporary pullback before the next all-time high.