Bitcoin Price Prediction as BTC Falls Below $18,000 – How Low Can it Go?

Bitcoin price prediction has shifted bearish, as BTC has fallen below an upward channel, and a close outside of this channel is likely to lead to a price of $16,775. Despite the release of a worse-than-expected US Flash Services PMI on Friday, the US session saw more selling in BTC as the market seems to price in Fed and ECB rate hikes.