Bitcoin Crashed 20% Over the Last 30 Days. Here's What History Says Comes Next.
Bitcoin may be down, but it isn't out.
Overview
Bitcoin (CRYPTO: BTC) is struggling to stay above the psychologically important $60,000 level, and it's down 20% from its May 30 high. Also in late May, its biggest corporate holder, Strategy, made its first sale of the coin since 2022, and, in the same period, the macro backdrop has soured further, adding salt to the wound of a difficult crypto bear market.
Is there any relief in sight over the next few months, or is more pain on the way? Let's look at the historical performance data to see what it reveals.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.