Based on historical tendencies, $22,700 could now mark the next "generational bottom" for Bitcoin, new analysis says.
Bitcoin (BTC) may fall more than 40% from last week's bottom, new data warns as one analyst confronts what he says is now a bear market.In a series of tweets on May 20, popular trader and analyst Rekt Capital argued that BTC/USD should dive to near $20,000 to conform to historical norms.Death cross BTC price target now $22,700Much debate has surrounded so-called "death cross" constructions on the Bitcoin chart.