Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds

2022.06.14 06:11

Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds

Bitcoin‘s (BTC) month-long choppy price action came to an end on June 13 after a deep market sell-off pressed the top cryptocurrency under the $29,000 support. The move took place as equities markets also sold off sharply, hitting their lowest levels of the year.

Data from Cointelegraph Markets Pro and TradingView shows that the Bitcoin sell-off began late in the day on June 12 and escalated into midday on June 13, when BTC hit a low of $22,592.

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