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CRYPTO NEWS DESK — 2022-06-24

Bitcoin May Not Reclaim All-Time High For Another Two Years, Binance CEO


Bitcoin has recovered above $20,000 but since then, there has not been any significant upward movement. This has led to speculations on whether the digital asset would be able to reclaim its all-time high in the near future.


Bitcoin May Not Reclaim All-Time High For Another Two Years, Binance CEO

Bitcoin has recovered above $20,000 but since then, there has not been any significant upward movement. This has led to speculations on whether the digital asset would be able to reclaim its all-time high in the near future. Binance CEO, Changpeng Zhao, has weighed in and shared his thoughts on this debate, and according to the CEO, such recovery should not be expected anytime soon.
Another Couple Of Years For ATH In a recent report, the CEO of the world’s largest crypto exchange Binance has shared some rather bearish sentiments for the short-term for bitcoin. An example is when bitcoin had reached its peak last cycle, almost touching $20,000. Investors had rejoiced at this price before the market had retraced into a bear market.
“20k we think is very low today. But you know, in 2018, 2019, if you told people bitcoin will be 20k in 2022, they would be very happy. In 2018/19, bitcoin was $3,000, $6,000.”

BTC starts another recovery trend | Source: BTCUSD on TradingView.com Bitcoin On The Charts The cryptocurrency Bitcoin has been on the rise lately. After touching as low as $17,600, the current price point has provided a much-needed reprieve for investors. Additionally, bitcoin had gone on to close another week in the red, marking more red closes so far for the year than green closes. As such, it has given bears a stronger hold over the market, especially in the short term.
The sell-offs which continue to rock the market still threaten its position above $20,000. As such, it has been unsuccessful when trying to break the $21,2176 resistance point.

— Best Owie of NewsBTC - Bitcoin & cryptocurrency news today, price & technical analysis

Keywords: Bitcoin, Binance CEO, Bitcoin, Btc, BTCUSD. Bitcoin Price



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