Bitcoin on Cusp of Dropping to New Two-Year Low

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Bitcoin is struggling to recover amid the FTX crisis

In a recent tweet, trader Jake Wujastyk says that he would be “shocked” if the Bitcoin price doesn’t at least test the Nov. 9 low within the next few days. , JPMorgan analysts recently predicted that the price of Bitcoin could collapse to as low as $13,000. Fundstrat’s Mark Newton believes that the price of Bitcoin could end up collapsing below the $10,000 level for the first time since November 2020.

The Bitcoin price is now down 76.84% from its record high of $69,044 which was achieved last November. According to the f

Source: Digital Coin News (digitalcoinnews.net)

 

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