Bitcoin clings to $20K as analysts warn of a long, bumpy ride for the foreseeable future
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Bitcoin (BTC) dipped below $20,000 again during intraday trading on June 29. The top cryptocurrency fell under pressure in the early trading hours of June 29 with bears managing to drop BTC to a daily low of $19,857. Bitcoin's dominance rate is 42.7% and the overall cryptocurrency market cap now stands at $897 billion and Bitcoin’s dominance rate stands at 42. 7%. Analysts say the recent price action mirrors other bear markets and could provide some clues on where the bottom of the market will be. The price of Bitcoin could pullback to $16,400 if it were to drop an extra -20% soon, according to Rekt Capital, who said, “If $BTC were to Source