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Bitcoin whale support lines up as trader says $14K 'most bearish' BTC price target
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Bitcoin (BTC) survived another night without breaking $20,000 on June 17 as $14,000 cemented itself as a likely bottom level.Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $20,220 on Bitstamp overnight before rebounding up to $1,200 higher.The pair remained skittish but within a narrow range as market participants waited to see how long $20,000 would hold.
The picture was complicated by increasing concerns over investment fund Three Arrows Capital and others, as rumors claimed the former was seeking a bailout after it failed to meet margin call obligations.
Read more on cointelegraph.comAbout this in other media
Bitcoin price rises to $20.7K as Fed's Powell says more rate hikes 'appropriate' cointelegraph.com /4 days ago
BTC price recovers to 3-day highs as new whale support forms at $19.2K cointelegraph.com /6 days ago
Market selling might ease, but traders are on the sidelines until BTC confirms $20K as support cointelegraph.com /1 week ago
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