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'Foolish' to deny Bitcoin price can go under $10K — Analysis

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Bitcoin (BTC) preserved $20,000 for another day on June 23 with calls for another 20% drop still surfacing.Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging just above the $20,000 mark over the 24 hours to the time of writing.As ever, the behavior reflected moves in United States equities markets, which stayed flat on the day.Remarks by Federal Reserve chair Jerome Powell had provided only brief volatility.

Cointelegraph noted that Powell's Congress testimony provided no new information regarding macro policy.As such, crypto commentators stuck to previous assertions — the outlook was uncertain, they said, but a potential fresh drawdown may only involve a trip to $16,000."Consolidating $BTC in a broad range and then going up.

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