Bitcoin price briefly loses $20K on ‘bunch of nothing’ Powell speech

Bitcoin price briefly loses $20K on ‘bunch of nothing’ Powell speech

Bitcoin (BTC) analysts were keen to draw fresh price targets on Aug. 27 after the largest cryptocurrency briefly fell below $20,000.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Sub-$20,000 BTC price targets stay in place

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,945 on Bitstamp the night after hawkish comments from the United States Federal Reserve. 

Intraday losses for the pair neared 9% and United States equities cratered over the outlook…


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