Bitcoin Price Watch: How Low Can BTC Go?

Bitcoin Price Key HighlightsBitcoin price has bounced off the area of interest previously highlighted to signal that the selloff would resume.
Applying the Fibonacci extension tool shows how low bitcoin could go from here.
Technical indicators are showing mixed signals, with the oscillators reflecting more bearish pressure.Bitcoin price is bouncing off the downtrend line and looks ready to resume the drop to new lows.
Technical Indicators Signals
The 100 SMA is below the longer-term 200 SMA to c