BTC May Establish a New Bottom
2022.06.30 13:20
BTC May Establish a New Bottom
- A recent Twitter (NYSE:TWTR) poll suggests that the crypto community believes that BTC’s bottom will be between $10k-$15k.
- BTC has dropped further in the last 24 hours.
- The recent drop in BTC’s price has also dragged down the rest of the crypto market.
A recent poll on Twitter suggests that a large portion of the crypto community believes that Bitcoin (BTC) has not found its bottom yet.
A recent poll hosted by Twitter user PlanB asked the crypto Twitter community to vote on what they believe the bottom for BTC will be. Notably, the poll amassed 75,575 votes. Of the poll’s options, 32.6% of the sample indicated that they believe that BTC’s bottom will be between $10,000 to $15,000.
The option with the next highest votes was BTC’s bottom at around $17.6k and was voted by 25.2% of the voters. Next is BTC’s bottom between $15,000 to $17.6k, and last is BTC’s bottom at $10,000.
BTC/USDT daily chart (Source: CoinMarketCap)
As things stand now, BTC’s price has fallen by 2.84% in the last 24 hours. Not only that, but BTC has fallen below the key $20,000 level, which is a level that has held BTC’s price up over the last couple of weeks. This could be the main reason for the crypto community questioning whether or not BTC will fall to a new low.
In addition to the price drop over the last 24 hours. BTC has set its 24-hour low at $19,389.14, with its 24-hour high around $20,357.
The drop in BTC’s price has also caused the rest of the top 10 cryptos to drop over the last 24 hours as ETH is down 5.82%, BNB is down 3.42% and XRP is down 3.31% over the same period.
