Here’s What Would Happen If Bitcoin Breaks Below $20K, Arthur Hayes Predicts

Here’s What Would Happen If Bitcoin Breaks Below $20K, Arthur Hayes Predicts


The crypto market pushes further down and seems poised for more losses as Bitcoin touches the low of its current levels. The number one crypto by market cap approaches a major support level, and if bulls failed to protect it, BTC’s price could return to its 2020 range.

Related Reading | By The Numbers: Bitcoin Suffers Largest Single Day Drop Since March 2020

At the time of writing, Bitcoin (BTC) trades at $21,800 with a 5% and 29% loss in the last 24-hours and 7-days, respectively. BTC’s price began to trend lower as a result of a series of bad news around major crypto companies, and the U.S. Federal Reserve (FED) shift to its monetary policy.

BTC’s price trends to the downside on the 4-hour chart.

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