Bitcoin may need $1B more on-chain losses before new BTC price bottom

Bitcoin may need $1B more on-chain losses before new BTC price bottom

Market Analysis
November 23, 2022 by secret
147
[ad_1] Bitcoin (BTC) hodlers may need to triple their on-chain losses for BTC price to put in a macro low. According to market research firm Baro Virtual, the 2022 bear market is not yet harsh enough to match historical downtrends. Bitcoin losses “only” total $671 million With analysts predicting a return to $14,000 or lower