Bitcoin price may hit $70,000 low before recovery, some analysts view macro trend negatively.

From Cointelegraph
April 8, 2025 4:11 pm:

Bitcoin (BTC) has a new $70,000 reversal target as a leading indicator sets new bull market lows. Rekt Capital predicts a potential dip to $70,000 before recovery. RSI indicator suggests historical norms could keep BTC price within range. The macro trend is deemed “seriously bad for Bitcoin” by some analysts. Timothy Peterson remains downbeat about short-term BTC price outlook. Ice BofA US High Yield chart could impact BTC/USD movement.

Read more at Cointelegraph: Bitcoin weekly RSI hits bull market low as trader sees $70K BTC price bottom