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It’s been a rocky start to the year for Bitcoin, but experts still say it will hit $100,000 — and that it’s more a matter of when, not if. Bitcoin on Thursday dipped below $20,000, falling down nearly 5% over the last 24 hours. This is the second time the largest crypto has fallen below $20,000 this month and it still remains under pressure, according to Edward Moya, a senior market analyst at OANDA. “Bitcoin is struggling to hold onto the $20,000 level,” he says. “If Bitcoin breaks below the recent low around $17,500, there isn’t much support until the $14,500 level.” The latest crypto market crash was spurred by momentary de-risking from Wall Street as many investors are feeling pessimistic about the economy amid surging inflation, a shaky stock market, and rising interest rates. The crypto market has increasingly tracked the stock market in recent months, which makes it even more intertwined with global economic factors. In addition to macroeconomic factors, Moya says inves...
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