Bitcoin critics say BTC price is going to $0 this time, but these 3 signals suggest otherwise

) has fallen to a new 2022 low at $20,100, but the latest calls for the asset’s demise are likely to suffer the same fate as the previous 452 predictions calling for its death.on-chain metrics

they use to determine when BTC is in a buy zone, and now is the time to take a closer look at them. Let’s see what time-tested metrics say about Bitcoin’s current price action and whether the 2021 bull market was BTC’s last hurrah.

Most times, BTC price has had a tendency to briefly wick below this metric and then slowly work its way back above the 200-MA to start a new uptrend. Currently, BTC price is trading right at its 200-week MA after briefly dipping below the metric during the sell-off on June 14. While a move lower is possible, history suggests that the price will not fall too far below this level for an extended period.Along with the support provided by the 200-week MA, there are also several notable price levels from Bitcoin’s past that should now function as support should the price continue to slide lower.

Should support at $20,000 fail to hold, the next support levels are found near $19,900 and $16,500, as

Relax. Bitcoin is just a tool. An inefficient one. There are better.

It will never go to 0 - if it does, I'll sell my house

No doubt the price will be higher at the end of the year

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laughingmantwit Nope; It's going to keep losing value until it's zero. There are too many things against it for it to retain any of it's current value. The trend towards costly live services alone is enough to kill it because it's the poor spending their money that really drives the economy.

I didn't think about the possibility

xrp

Good thing I bought bitcoin below $10k.

$BTC hasn't been worthless for many years. I am hopeful that it will recover.

WHEW

$0 looks totally unrealistic

Peter Schiff is winning

Ain't happening.😝

Bitcoin is not going to zero, Ethereum is.

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