Bitcoin: Range Lows Spark Bounce Forecast After 25% Drop

Bitcoin has returned to the lows of its four-month consolidation range at $61904.17 after a steep -25% slide in four weeks, prompting @CrypNuevo to call for a strong bounce on the back of historical rebounds from comparable corrections.

With price testing the lower Bollinger Band support near $59575 inside a bearish structure defined by the EMA50 at $65557.83 and EMA200 at $72704.89, yet MACD registering a bullish golden cross at -1182.72 and RSI holding neutral at 41.89, the setup points to exhaustion that favors a relief rally toward upper band resistance at $63827 before any sustained breakout attempt, aligning with past BTC price prediction models after sharp drawdowns in multi-month ranges rather than signaling an outright crypto market crash.