Further downside for Bitcoin: predicts top valkyrie analyst

Bitcoin (BTC) is down 37% this year, dropping below $30,000. The 200-week moving average is approximately $22,000, The average price of on-chain coins, is around $23,800 says Josh Olszewicz, director of research at Valkyrie. Olszewicz said other factors, like the Fed raising interest rates, affect bitcoin’s market performance. But retail traders continue to drive market movement, Olszewicz added.