Bitcoin Analysts Divided on Whether It Would Return Under $24,000.

Arrow

One trader believes Bitcoin will soon reach its greatest level since the Luna crisis, while others believe the bottom has not yet been reached.

After recent comments from the US Federal Reserve created volatility, Bitcoin (BTC) hovered around $30,000 on May 18.

BTC/USD has been consolidating inside a range since May 12, according to data. During the Wall Street Journal’s Future of Everything Festival, Fed Chair Jerome Powell gave economic policy ideas.

Also large number of players still believe a return below the $23,800 lows observed last week during the Terra (LUNA) and TerraUSD (UST) implosions.