8 days ago • Posted by Martin Boujol

Is Bitcoin about to fall down to $20,000?

This bad week for Bitcoin could be the precursor for even more disappointment to come, according to crypto analysts closely watching the recent selloff. Bitcoin has dropped about 7% this week and was trading at about $34,000 as of 8 am in London. If it does come to the $30,000 price point, some argue that it could trigger even more selloffs, bringing its value down to the $20 thousands. However, others are still bullish on its long term value and keep buying. 

Source: Bloomberg, Yahoo Finance

Is Bitcoin about to fall down to $20,000?