BRN analyst: Bitcoin price may fall further to around $56,000 on the lower Bollinger Band

Odaily News Valentin Fournier, an analyst at BRN, said, "Technical indicators suggest that the downward momentum may continue. The MACD shows increasingly negative momentum, while the RSI is at neutral levels. The lower track of the Bollinger Band remains around $56,000, which suggests that the price of Bitcoin may fall further to this level." (CoinDesk)