Is Bitcoin Going to Make New Lows? Let’s Look at the Chart

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The Street

By Bret Kenwell Bitcoin is again under pressure, as bulls worry about a break to new 2022 lows. Bitcoin prices are again under pressure, as the cryptocurrency space faces more losses. As of midday Thursday, June 30, bitcoin is down 5% and ethereum is down almost 7%. At today’s low, bitcoin was back below $19,000, while this year’s low sits near $17,594. Many investors were hoping that last week’s flush would mark the low and that the cryptocurrency could begin the long road to recovery. With this week’s action — as bitcoin is now down in five straight sessions — those hopes are beginning to fa…

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