Summary: Bitcoin could be gearing up for a rapid drop to $22k or $20k, where macro support lies. Bitcoin options data shows that traders are loading up on hedges in the event of another leg down. Bitcoin has been struggling to maintain its value above $30k. The weekly Bitcoin chart further points to more weakness that could lead to a meltdown to the 200-week moving average around the $22k price area. Bitcoin (BTC) could experience a rapid decline to $22k […]
