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WebsCrypto—News—Institutional Analyst: Bitcoin Could Be Around $22,300
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Institutional Analyst: Bitcoin Could Be Around $22,300

By WebsCryptoJune 13, 20221 Min Read
Institutional Analyst: Bitcoin Could Be Around $22,300
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Institutional Analyst Joanna Ossinger: It looks like the state of cryptocurrencies is bad right now. For a coin already struggling with Fed rate hikes and a sell-off in risk assets, the fiery U.S. inflation data only added to the woes.

Bitcoin has fallen for the seventh day in a row and has broken out of its most recent decline range. This makes Bitcoin likely to test the 200-week moving average around $22,300, or even the 2017 high of $19,511.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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