Bitcoin can still fall further. Historical data shows $60,000 will be the bottom
Historical data show that bitcoin has always found support in bear markets at the 200-week moving average.
In bitcoin bear markets in 2015, 2019 and 2022, the 200-week moving average marked a price bottom, with BTC holding that level or reclaiming it as support.
The value currently sits at $57,926.
The bitcoin price has dropped through the Ichimoku Cloud, which may indicate further declines are on the cards.
Historical data show that bitcoin has always found support in bear markets at the 200-week moving average.
In bitcoin bear markets in 2015, 2019 and 2022, the 200-week moving average marked a price bottom, with BTC holding that level or reclaiming it as support.
The value currently sits at $57,926.
The bitcoin price has dropped through the Ichimoku Cloud, which may indicate further declines are on the cards.