Macro Wobbles May Send Bitcoin Back To The $50,000s, Industry CEO Claims

Bitcoin remains stuck below the $70,000 mark, a le

Macro Wobbles May Send Bitcoin Back To The ,000s, Industry CEO Claims

Macro Wobbles May Send Bitcoin Back To The $50,000s, Industry CEO Claims

Bitcoin remains stuck below the $70,000 mark, a level that once served as a crucial floor for the cryptocurrency but has now turned into its most significant near-term barrier. 

The 1-D chart shows BTC’s price consolidation below $70,000. Source: BTCUSDT on TradingView.com

At the time of writing, Bitcoin was trading at around $68,000, marking a 29% decline over the past thirty days. Compared to the all-time high of $126,000 reached last October, CoinGecko data shows a 46% difference between the current trading price and the all-time high. 

Featured image from OpenArt, chart from TradingView.com

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