SPECULATIVE CAPITALI$M

History of Bitcoin Slumps Makes $20,000 Realistic Target

Akshay Chinchalkar
Tue, May 10, 2022


(Bloomberg) -- Crypto fans desperate for a floor in Bitcoin’s selloff may have to be patient. Every significant slump in the largest cryptocurrency since 2014 has reached the 200-week moving average. That lies close to $20,000 -- or about 35% below Bitcoin’s current price, which is already down by a similar percentage in 2022.