What Happens if Bitcoin Falls Below $20,000?

As bearish sentiment floods financial markets, experts are weighing in on whether $Bitcoin(BTC.CC)$ will plunge below the $20,000 mark—and what might happen if it does.
Bitcoin, now firmly in a bear market, is currently trading at just above $22,000, a remarkable fall from its all-time high price of nearly $69,000—and a drop that most observers attribute to worsening macro-economic conditions, such as rising inflation and interest rates.
At the moment, all eyes are on the $20,000 price line—not only because it’s a significant psychological resistance level, but also because it represents the peak of Bitcoin’s last bull run in 2017.
In prior bear markets, Bitcoin has never fallen below the price marked by the previous bull run’s peak. The difference this time, however, is that Bitcoin has a lot less distance to travel to cross that mark.
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