Bitcoin revisits 2021-era resistance as traders warn of sub-$50K risk

Bitcoin price action headed toward the 2021 bull market highs as crypto traders warned over a future sub-$50,000 BTC price bottom.

Bitcoin (BTC) started the first week of February near 16-month lows, with traders expecting further downside.

BTC price weakness compounds after a grim weekend, with BTC/USD reaching levels not seen since November 2024.

RSI values form the main basis for expecting a market rebound.

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