Analyst: Bitcoin Sees Worst June Performance Since 2022, Price May Fall Further

CoinFeed July 2 news, according to Cointelegraph, Bitcoin fell 20.5% in June to $58,526, its worst monthly performance since June 2022, closing below the 200-week moving average of $62,000 but above the realized price of $52,000. Stock-to-Flow model creator PlanB said that all previous bear market bottoms were below the realized price, and Bitcoin could drop to $52,000, adding that while Bitcoin price is undervalued, it may still continue to decline.