Bitcoin Rapidly Declining to $22k or $20k Seems Probable, Says BTC Analyst

Bitcoin Rapidly Declining to $22k or $20k Seems Probable, Says BTC Analyst


Ethereum World News
2022-05-26 17:18:26

Summary: Bitcoin could be gearing up for a rapid drop to $22k or $20k, where macro support lies. Bitcoin options data shows that traders are loading up on hedges in the event of another leg down. Bitcoin has been struggling to maintain its value above $30k. The weekly Bitcoin chart further points to more weakness that could lead to a meltdown to the 200-week moving average around the $22k price area. Bitcoin (BTC) could experience a rapid decline to $22k […]