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Saturday, June 21, 2025

The head of FTX explained the impossibility of Bitcoin falling below $ 10K

According to Sam Bankman Fried, the closest strong support level for Bitcoin is in the $ 20-25K range.

Sam Bankman Fried, the founder and CEO of the FTX cryptocurrency derivatives exchange, explained in an interview with Bloomberg why the cost of bitcoin will not fall below $ 10 thousand.

According to Sam Bankman Fried , if the main cryptocurrency (Bitcoin) drops to $ 10 thousand, a large number of buyers will activate, who will not give quotes go down below.

Also, the head of FTX noted that the nearest strong support level for bitcoin is in the range of $ 20-25 thousand.

Sam Bankman Fried claims that at this level investors will start buying the coin, even without confidence in further growth.

Last week, CEO of investment company DoubleLine Jeffrey Gundlach predicted a Bitcoin collapse to $ 23,000.

According to Gundlach, this is indicated by a technical head and shoulders signal that can now be seen on the chart of the main cryptocurrency (Bitcoin) .

Over the past day, bitcoin has risen in price by 7%, the price of the first cryptocurrency (Bitcoin) is $ 31.7 thousand, and the capitalization exceeds $ 594 billion, according to CoinGecko.

Yesterday, July 20, the quotes of the Bitcoin dropped to $ 29.2 thousand for the first time since June 22.

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