Urgent Bitcoin Price Prediction: Could BTC Fall to $95K?

Key Points

1. A significant downturn for BTC could occur if its weekly RSI drops below its 14-period SMA, historically leading to price corrections of 20%-30%.

2. The RSI is a momentum oscillator indicating overbought (above 70) or oversold (below 30) conditions, with the 14-period SMA acting as a trend line.

3. MVRV deviation bands compare Bitcoin's market value to realized value, identifying overbought or oversold conditions; $111,000 is noted as a critical support level.

4. Investors are advised to monitor technical levels, avoid panic selling, and consider risk management strategies like stop-loss orders or portfolio diversification.

5. Technical indicators like RSI and MVRV provide insights but are not foolproof due to market volatility and external factors.