Plan B: Bitcoin performs worst since 2022 in June, price may fall to $52000

According to Cointelegraph, Bitcoin fell 20.5% to $58526 in June, its worst monthly performance since June 2022, closing below its 200 week moving average of $62000 and above its realized price of $52000. The founder of the Stock to Flow model, PlanB, stated that all bear market bottoms are below the realized price, and Bitcoin may fall to $52000. Although Bitcoin's price is undervalued, it may still continue to decline.