Title: BTC May Establish a New Bottom in This Bear Market
Jun 30, 2022 05:00AM ET
A recent Twitter poll shows that the crypto community thinks the bottom of BTC will be between 10 and 15 thousand dollars.
In the last 24 hours, BTC has fallen further.
The recent drop in the price of BTC has dragged down the rest of the crypto market.
A recent Twitter poll shows that a large portion of the crypto community believes that Bitcoin has not yet found its bottom.
A recent poll organized by user PlanB asked the crypto community on Twitter to vote on what they thought the bottom would be for BTC.
Remarkably, the poll garnered 75,575 votes. Of the poll options, 32.6% of the sample indicated that they thought the bottom for BTC would be between $10,000 and $15,000.
The option with the next highest number of votes was for the bottom of BTC to be around $17.6 thousand and was chosen by 25.2% of voters.
The next option is a BTC low of $15,000 to $17.6 thousand, and the final option is a BTC low of $10,000.
As things stand, the price of BTC has dropped 2.84% in the last 24 hours. Not only that, but BTC has fallen below the key $20,000 level, which is the level that has held the BTC price for the past few weeks.
This may be the main reason the crypto community is wondering if BTC will fall to a new low.
In addition to the price drop over the past 24 hours, BTC set its 24-hour low at $19,389.14 and its 24-hour high at around $20,357.
BTC's price decline led to a drop in the rest of the top 10 cryptocurrencies over the past 24 hours, with ETH down 5.82%, BNB down 3.42%, and XRP down 3.31% over the same period.