Stifel shares 3 charts that show why the price of bitcoin is due to fall another 47% to $15,000 as investors continue to de-risk

• Bitcoin is down 40% to start the year as investors sell risk assets.  
• Stifel’s Barry Bannister is warning of further downside is ahead.
• He said bitcoin could fall as low as $15,000, downside of 47% from current levels.

After its rally in March back toward its January levels, bitcoin is again biting the dust in 2022.

Bitcoin is down 40% on the year after falling more than 28% since May 4 alone. Much of the broader crypto world has followed suit.