Bitcoin Takes A Blow After It Falls Below $22,000, Any Chances For A Bull Run

The performance of Bitcoin recently has not been entirely on the commendable side. Compared with the price trend for the past few years, BTC has not made an impressive move in 2022. Instead, the token has been held bound in a bearish grip that no one expected. With the extreme crypto winter in the first half of the year, the entire market has been on edge. The collapse of the algorithmic stablecoin Terra and its ecosystem created a more devastating blow to the price of Bitcoin. BTC lost over half of its value with the crypto market, and its market cap went down. Related Reading: Bitcoin Price This Tad Close To Reclaim $23,000 – Will It Hit The Target? But the year’s second half brought a slight hope for the world’s leading cryptocurrency. The price of Bitcoin started slightly changing as the token surged gradually. The performance was still cut short as the bears took over the market again. BTC Hovers Around the $19K Level Due to the crypto market, Bitcoin, which once hit a new ATH of $25,200, later went down. The decline in the price followed a gradual downtrend till it dropped. This was after it plummeted to around $18,556 the previous day. This drastic drop marked a new two-month lowest point for BTC. At the time of the press, BTC is trading at $20,186, indicating more than a 9% increase within the past 24 hours. Bitcoin Yet To Show Strong Rally Despite these actions, Bitcoin has yet to receive a notable recomme...