Analyst Believes Bitcoin Could Soon Fall To $30,000

Over the past week Bitcoin BTC has fallen 10% from about $38,500 to around $34,500. Most of the decline, approximately 8%, was after the Federal Reserve increased the Federal Funds interest rate by 0.50% and essentially promised two more 0.50% raises. Carter Braxton Worth, founder of Worth Charting, believes that Bitcoin could quickly fall another 13% to $30,000.