Bitcoin Price Rally Slows; Analysts Forecast 20% Pullback Before Push to New Highs
• Bitcoin's price has rallied sharply recently but momentum is slowing based on the RSI indicator • Analysts forecast bitcoin could drop 20% to around $58K in the coming days/weeks • Any pullback would be temporary as the overall uptrend is expected to resume to new highs • Other analysts also see bitcoin consolidating after the steep rally, needing to take a breather • Surging meme coin prices often signal the late stage of a crypto rally before a bitcoin pullback