Bitcoin May Not Reclaim All-Time High For Another Two Years, Binance CEO

Name	Symbol	Market	Market Cap ($)	Algorithm
Amp	AMPUSD	Crypto	411,979,067	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Amp

AMPUSD

Crypto

411,979,067

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.00019	-2.52%	0.00734	0.00734	0.00735

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.00019

-2.52%

0.00734

0.00735

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.0076	0.00731	0.00751	0.00753	0.001400 - 0.016850

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.0076

0.00731

0.00751

0.00753

0.001400 - 0.016850

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	17:01:06	2,822.00	0.00734	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

17:01:06

2,822.00

0.00734

USD

Price x Volume	Volume	Base Symbol	Related Pairs
670,315.92	90,159,826.08	AMP	AMPEUR	AMPGBP	AMPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

670,315.92

90,159,826.08

Bitcoin May Not Reclaim All-Time High For Another Two Years, Binance CEO

25/06/2022 12:00am

NEWSBTC

Bitcoin has recovered above $20,000 but since then, there has not been any significant upward movement. This has led to speculations on whether the digital asset would be able to reclaim its all-time high in the near future. Binance CEO, Changpeng Zhao, has weighed in and shared his thoughts on this debate, and according to the CEO, such recovery should not be expected anytime soon. Another Couple Of Years For ATH In a recent report, the CEO of the world’s largest crypto exchange Binance has shared some rather bearish sentiments for the short-term for bitcoin. The digital asset which had touched $69,000 in November last year has been unable to recover to that point and Zhao has explained that such recovery will not be taking place anytime soon. Related Reading | Bitcoin Miner Liquidations Threaten Bitcoin’s Recovery The exchange founder said that after dropping so much from its all-time high, it would take some time for the market to see such prices again. “I think given this price drop, from the all-time high of 68k to 20k now, it will probably take a while to get back,” the CEO said. “It probably will take a few months or a couple of years.” However, it is not all grim given that the price today would have been highly welcomed four years ago, the founder said. An example is when bitcoin had reached its peak last cycle, almost touching $20,000. Investors had rejoiced at this price before the market had retraced into a bear market. “20k we think is very low today. But you know, in 2018, 2019, if you told people bitcoin will be 20k in 2022, they would be very happy. In 2018/19, bitcoin was $3,000, $6,000.” BTC starts another recovery trend | Source: BTCUSD on TradingView.com Bitcoin On The Charts The cryptocurrency Bitcoin has been on the rise lately. After touching as low as $17,600, the current price point has provided a much-needed reprieve for investors. However, as the market is balancing out, more bearish indicators are beginning to emerge. Related Reading | Low Bitcoin Prices Trigger Inflows, But Investor Sentiment Remains Weak Confidence in bitcoin has dropped over the last couple of weeks as investor sentiment had taken a massive blow. Additionally, bitcoin had gone on to close another week in the red, marking more red closes so far for the year than green closes. As such, it has given bears a stronger hold over the market, especially in the short term. The sell-offs which continue to rock the market still threaten its position above $20,000. As such, it has been unsuccessful when trying to break the $21,2176 resistance point. However, there is support brewing at the $20,090 level, showing that bulls do not plan to go down without a fight. Featured image from CNBC, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

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