The Bitcoin price has continued to crash today after the latest losses in the last few days. The Bitcoin price fell below the $ 20,000 mark, continuing its downward trend in recent days. What’s next for Bitcoin?
Bitcoin price falls below $20,000
The Bitcoin price has experienced a massive downtrend in recent weeks. The whole of 2022 saw a bear market in which the prices of cryptocurrencies such as Bitcoin fell sharply downwards. In May 2022, we again saw a stronger drop in the Bitcoin price below the support of $ 35,000. After that, Bitcoin fell below $ 30,000 in mid-June.
After the massive drop in the Bitcoin exchange rate in recent days, the cryptocurrency has hardly been able to stabilize. The Bitcoin fell back to a value of $ 20,000. In the range between $ 20,000 and $ 22,000, the Bitcoin price could stay short. Meanwhile, we are seeing another crash to $19,000.
Bitcoin Bear Market Continues
The Bitcoin course already experienced a difficult time in 2022. The Bitcoin already fell from its all-time high of over 68,000 dollars at the beginning of November 2021 to 48,000 dollars at the turn of the year. But in the first quarter of 2022, the bear market picked up extremely fast. We saw several crashes of the Bitcoin price.
In March and April, the Bitcoin price was able to stabilize somewhat again. Bitcoin was able to stay above the $35,000 mark for longer. However, in May 2022 we saw a breakthrough through this mark down. With this, we saw further drops in the price in recent weeks, which now led to a Bitcoin crash below $ 20,000.
Bitcoin price under the mark of 2017
The Bitcoin price crash below 20,000 dollars causes the value of the cryptocurrency to fall below the value in 2017, when in the bull market the Bitcoin price rose to over 19,000 dollars. This was a new all-time high at the time. Nafter this price peak in December 2017, Bitcoin also fell massively in 2018 within the last bear market.
Now you have the opportunity to invest in the cheap Bitcoin. To do this, just go to the Binance and Bitfinex exchanges!
The Bitcoin crash is a continuation of the massive losses of Bitcoin in recent weeks. Above all, high inflation and rumors of further increases in key interest rates by central banks are causing market fears to rise massively. We now have to wait for the Bitcoin to reach its price low and we can finally see a recovery.
Bitcoin Price at foggiest level in almost 2 years
With the drop to 19,000 dollars, the Bitcoin price is as low as it has not been for almost 2 years. This makes Bitcoin extremely cheap at the moment. If you continue to believe in the long-term success of Bitcoin, now is a good way to acquire the Bitcoin.
You can also buy the Bitcoin on the crypto exchanges Coinbase and Kraken.
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