Bitcoin price falls 56% this year, trades below $20,000. What's the next support level for the crypto?1 min read . Updated: 30 Jun 2022, 11:15 AM IST
- Cryptocurrency Bitcoin could reach as high as $28,000 by the end of the year, according to an analysis from Deutsche Bank
Bitcoin, the world’s largest and most popular cryptocurrency, has slumped in 2022 amid a risk-off mood driven by rate hikes and inflation fears. The digital token is down more than 56% in 2022 (YTD) so far, and is trading far away from its record high level of nearly $69,000 it had hit in November last year. The coin is currently trading below the $20,000 level.
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