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Just-In: Bitcoin (BTC) Price May Remain Below $20,000 This Year, Here’s Why

Just-In: Bitcoin (BTC) Price May Remain Below $20,000 This Year, Here’s Why


CoinGape
2022-09-06 12:51:49

Bitcoin (BTC) price struggles to surpass $20,000 as the bear hug tightens further. The rise in selling pressure, the Fed’s hawkish rate hikes, and whales selling their BTC holdings degrade the chances of any revival. Moreover, the increasing dormant BTC supply is making the bear market stretch longer. Bitcoin (BTC) Price Goes into Hibernation Mode The post Just-In: Bitcoin (BTC) Price May Remain Below $20,000 This Year, Here’s Why appeared first on CoinGape.


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