HomeUncategorizedWhy is Bitcoin price down today? By Cointelegraph

Why is Bitcoin price down today? By Cointelegraph

July 24, 2023

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© Reuters

The bullish momentum that propelled (BTC) to a 76% year-to-date gain has all but vanished on July 24 as Bitcoin price briefly fell below $29,000.

The contraction in Bitcoin price has some analysts cautioning that BTC could still dip to $19,000 in a serious shake-up.

1-day price. Source: TradingView
Target (NYSE:) interest rate probabilities. Source: CME Group (NASDAQ:)
Global economic health. Source: U.S. Bank
Bitcoin whale to exchange inflow. Source: Glassnode
Bitcoin whale to exchange netflow. Source: Glassnode