According to Patrick Heusser head of trading at asset manager Crypto Finance
Bitcoin s (CRYPTO: BTC) fall below $30,000 is just the beginning of another major correction for the world s top cryptocurrency.
What Happened: According to Fortune, Heusser told the outlet that he is expecting a strong dip towards $22.000 during a recent interview.
The report follows Bitcoin falling below the $30,000 level earlier this week, for the first time since June 22.
As of press time, Bitcoin is trading higher, at $32,277, nearly 40% down from its mid-April all-time high of almost $65,000.
This has brought on the timidly soaring bearish sentiment that recently saw competing with Bitcoin bulls as the options market saw increased demand for out-of-the-money or lower strike put options at $22,000 and $20,000.