Will Bitcoin Fall to $13,800? — What an 80% Drawdown Will Look Like From Here

Will Bitcoin Fall to $13,800? — What an 80% Drawdown Will Look Like From Here


On Monday, June 15, 2022, the price of bitcoin tapped a low not seen since mid-December 2020 as the price hit $20,080 per unit. A large number of crypto supporters are debating whether or not the drop is the market’s bottom or if the fall could lead to deeper losses. At the time of writing, bitcoin is 70% down from the $69K all-time high (ATH) but traditionally, bitcoin is known to drop around 80% or more from ATHs recorded in the past.

Will Bitcoin Slide More Than 80% Down This Time Around?

The crypto economy has had a rough couple of weeks as the leading crypto asset bitcoin (BTC) shed 35% over the last 14 days. Speculators have gone from guessing whether or not it

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