HomeUncategorizedHow low can the Bitcoin price go? By Cointelegraph

How low can the Bitcoin price go? By Cointelegraph

November 27, 2022

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How low can the Bitcoin price go?

(BTC) has spent over a year in a downtrend since its $69,000 all-time highs in November 2021.

BTC price performance has given investors up to 77% losses, but how much lower can really go?

Bitcoin Cumulative Value Days Destroyed (CVDD) annotated chart. Source: CryptoBullet/ Twitter
BTC/USD 1-week candle chart (Bitstamp) with liquidity heatmap data. Source: TradingView
BTC/USD drawdown vs. all-time highs chart. Source: Glassnode
BTC/USD annotated chart. Source: Rekt Capital/ Twitter