Bitcoin Faces Potential Price Drop To $25,000, On-Chain Data Signals Bearish Trend

Bitcoin (BTC) has been experiencing a volatile price action since late April, with significant fluctuations in its value. At the time of writing, the cryptocurrency has experienced a 3% decline in the last 24 hours and is currently trading at $28,400. However, it has now settled within an accumulation range of $27,800 to $30,000.Bitcoin Bulls Take Caution
BaroVirtual from Cryptoquant recently shared his analysis regarding the potential downside targets for Bitcoin. According to the analyst, the