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'Foolish' to deny Bitcoin price can go under $10K — Analysis

Published 06/23/2022, 01:15 PM
Updated 06/23/2022, 03:00 PM
'Foolish' to deny Bitcoin price can go under $10K — Analysis

'Foolish' to deny Bitcoin price can go under $10K — Analysis

Bitcoin (BTC) preserved $20,000 for another day on June 23 with calls for another 20% drop still surfacing.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging just above the $20,000 mark over the 24 hours to the time of writing.

Federal Reserve balance sheet chart (screenshot). Source: Federal Reserve

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Latest comments

BTC could easily drop down to 3.2k. There is absolutely no sound reason why is couldn't or shouldn't. At this point, it is entirely ether, as it has no legal status, and exploits the angst against the status quo, which is something that is universally unjust. The politicians have gone way to far for a very long time and all this media adu and worldwide dysfunction is them desperately trying to cover their A's.
Ya ok I think your tinfoil hat is to tight.
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