Bitcoin sets news 2022 lows as analyst says trip to $24K realized price ‘entirely possible’

Bitcoin sets news 2022 lows as analyst says trip to $24K realized price ‘entirely possible’


Bitcoin (BTC) set a new record low price for 2022 on May 9 as crypto markets continued selling off prior to the Wall Street opening.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price sinks under $36,700

Data from Cointelegraph Markets Pro and TradingView confirmed the firmly bearish achievement for BTC/USD, which hit $32,637 on Bitstamp.

Trending: Kash Patel: “Trump May Surprise Some People With What Comes Next And The Timing Of It…”

With the latest installment of a string of losses in May, the pair continued to trade under $33,000 at the time of writing, with weekly losses now at 15%.

“Bitcoin sweeping the lows here, that’s probably next liquidity,” Cointelegraph contributor Michaël van de Poppe told Twitter followers in one of several posts on the day:

“We could go towards $30-31Kish as that’s a daily block, but I’d be looking at longs around these regions.”

$30,000 forms a popular

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend