Bitcoin Price Analysis: BTC Price All Set To Hit $50K in Coming Months Predicts

[Coinpedia Fintech News]

The Bitcoin market is currently showing signs of forming a possible double top, with the daily RSI indicator displaying a falling divergence.

Despite this, bulls are feeling rejuvenated to push beyond $30k after consolidating around $28k for the past three weeks. Whales have also continued to accumulate more coins amidst the volatility. However, regulatory scrutiny in the United States has weighed heavily on investors, and a pull-down towards $25k or below cannot be entirely invalidated.