{"id":24147,"date":"2023-06-15T06:07:48","date_gmt":"2023-06-15T06:07:48","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/06\/15\/bitcoin-price-drops-all-the-way-to-25000-more-pain-likely-ahead\/"},"modified":"2023-06-15T06:07:49","modified_gmt":"2023-06-15T06:07:49","slug":"bitcoin-price-drops-all-the-way-to-25000-more-pain-likely-ahead","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/06\/15\/bitcoin-price-drops-all-the-way-to-25000-more-pain-likely-ahead\/","title":{"rendered":"Bitcoin Price Drops All the Way to $25,000, More Pain Likely Ahead"},"content":{"rendered":"

[ad_1]
\n<\/p>\n

\n

In hours following Jerome Powell\u2019s announcement of keeping interest rates unchanged<\/a>, Bitcoin and the broader cryptocurrency market have entered a steep correction. The Bitcoin (BTC) worth is down over 3.5% in the final 24 hours and has moved nearer to the $25,000 degree.<\/p>\n

Similarly, the broader cryptocurrency market has eroded over $40 billion of traders\u2019 wealth and is on the verge of falling underneath the $1 trillion mark.<\/p>\n

<\/p>\n

As of now, $25,000 stands as a robust help degree for Bitcoin (BTC), and any fall underneath this might push it additional down to $23,500 and under.<\/p>\n

\n

There we go on #Bitcoin<\/a>.<\/p>\n

The lows are getting swept.<\/p>\n

<\/p>\n

Heavily to see response at the $25K area. pic.twitter.com\/0ekuDdRptL<\/a><\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) June 14, 2023<\/a><\/p>\n<\/blockquote>\n

Popular crypto analyst Ali Martinez reported<\/a>: \u201cBitcoin sits on thing ice! Notice the most important support zone is between $22,785 and $23,595 where 1.34 million wallets hold 450,000 <\/span>$BTC<\/span>. On the flip side, <\/span>#BTC<\/span> faces stiff resistance between $26,000 and $28,250 where 5.18 million wallets bought 2.1 million BTC\u201d.<\/span><\/p>\n

\"\"