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How low can the Bitcoin price go?

Published 11/22/2023, 08:23 AM
Updated 11/22/2023, 10:00 AM
© Reuters.
BTC/USD
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Bitcoin (BTC) has new BTC price targets to reckon with as a cascade of liquidations take crypto markets lower.

BTC/USD 1-hour chart. Source: TradingView

Thanks to regulatory enforcement action by the United States Department of Justice, largest global exchange Binance is in line for a major fine. Its CEO, Changpeng Zhao, informally known as CZ, will be forced to quit his post and may even face jail time.

Bitcoin options open interest by strike price chart. Source: Deribit
BTC/USD 1-day chart with 21SMA. Source: TradingView
BTC/USDT liquidity data. Source: Material Indicators/X

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