Analysts predict that if the selling pressure ends, BTC could rise to $170,000 within three months.

According to Julien Bittel, Head of Macro Research at Global Macro Investor, after reaching a high of $126,080 on October 6th, Bitcoin's price continued to decline and stabilized around $84,000 on November 22nd, indicating that the sustained selling pressure had ended. Furthermore, the Relative Strength Index (RSI), a measure of asset momentum, had fallen below the oversold level of 30. This has happened five times since 2023, with Bitcoin subsequently showing a bullish trend each time. If history repeats itself, Bitcoin's price could surge to $170,000 in less than three months. (Decrypt)