DoubleLine Capital CEO Jeffrey Gundlach has said that he would not be surprised by the fall of Bitcoin to the level of $10,000.
According to him, the rapid decline in the price of digital gold to levels near $20,000 was obvious after the bulls did not keep quotes above $30,000. He has added:
“The trend is clearly not positive.”
He has said that it is inappropriate to buy Bitcoin at the current price.
BTC fell below $30,000 on May 11. After about a month of trading near the landmark mark on June 13, the crypto fell below $23,000.
The asset has reacted with moderate growth to the increase of the key rate range by the Fed by 75 basis points at once.