The price of Bitcoin has experienced a 12-week slide, as the coin drops towards $20K amidst extremely weak macroeconomic sentiment in the global economy. After experiencing intense selling pressure for the eighth consecutive day, investors are speculating whether the price of Bitcoin will fall below $15K?
WHEN SHOULD BUY BTC?
According to Wallet Investor (WI), a price-forecasting algorithm, the price of Bitcoin is expected to trade at an average of $19,525 by the end of June 2022. This suggests a price decrease of almost 10% in the coming weeks. This 10% price decrease indicates BTC price is set to fall down 20K.