HomeUncategorizedBitcoin touches $30K as ex-BitMEX CEO hopes $25K marks BTC price ‘local bottom’ By Cointelegraph

Bitcoin touches $30K as ex-BitMEX CEO hopes $25K marks BTC price ‘local bottom’ By Cointelegraph

June 2, 2022

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Bitcoin touches $30K as ex-BitMEX CEO hopes $25K marks BTC price ‘local bottom’

(BTC) recovered to $30,000 prior to the June 2 Wall Street open as feet remained cold across crypto markets.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to local highs of $30,182 on Bitstamp after wicking down to near $29,300 overnight.

BTC/USD drawdown from all-time highs annotated chart. Source: Arthur Hayes/ Entrepreneur’s Handbook