Bitcoin sets new 2022 lows as analyst says trip to $24K realized price ‘entirely possible’

Bitcoin sets new 2022 lows as analyst says trip to $24K realized price ‘entirely possible’

Bitcoin (BTC) set a new record low price for 2022 on May 9 as crypto markets continued selling off prior to the Wall Street opening.

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

BTC price sinks under $36,700

Data from Cointelegraph Markets Pro and TradingView confirmed the firmly bearish achievement for BTC/USD, which hit $32,637 on Bitstamp.

With the latest installment of a string of losses in May, the pair continued to trade under $33,000 at the time of writing, with weekly…


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