Bitcoin Drifts Lower, Support at $25K-$27K – CoinDesk - Stock Invest Hub

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Saturday, May 21, 2022

Bitcoin Drifts Lower, Support at $25K-$27K – CoinDesk

Lower support is seen at the 200-week moving average, which is currently at $21,954. A break below that level would yield a downside target toward $17,673, which would be a 74% drop from the all-time high of nearly $69,000 achieved last November. Bitcoin fell 83% peak-to-trough in the 2018 bear market.



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