Early on Wednesday, Bitcoin fell under $19,000, continuing a sell-off among cryptocurrencies that has been going on for a week.
Investors in cryptocurrencies are ready for the Federal Reserve's decision to raise interest rates in the afternoon.
Analysts take into account bitcoin's June 17 summer low of $17,708
The price of bitcoin has decreased by 1.49% in the past day.
In the past seven days, it has dropped 6.7%.
Bitcoin has experienced a lot of suffering due to the dollar's recent increase in strength.
According to Moya of Yahoo Finance, "Bitcoin is currently looking for a bottom."
The majority of negative investors believe the coin will drop as low as $10,000.
The overall market valuation of cryptocurrencies increased by 85%, rising from $133 billion to $927 billion.