Bitcoin: Traders Forecast Further Declines After 20% Drop

Bitcoin and Ethereum face extended downside after both assets posted monthly losses exceeding 20%, with traders now bracing for deeper corrections amid persistent selling pressure. BTC trades at $59585 inside its Bollinger Bands while the EMA50 at $62884.49 and EMA200 at $67561.18 act as firm overhead resistance in a bearish structure confirmed by the MACD death cross at -953.72. RSI at 32.37 shows neutral momentum yet offers little relief as price hugs the lower band support near $58999.29, suggesting any bounce attempt will likely stall before retesting the upper band at $65324.34. This setup reinforces BTC price prediction models pointing to a crypto market crash continuation rather than reversal, with institutional desks watching for a clean break below the lower band to accelerate liquidation cascades.