Hello everyone.
Where do you see the bitcoin price in the next few months, especially at the starting of 2022?
It's around $45K right now. Experts' opinions are needed.
The price action is eerily similar to 2013 (yes i experience all of 2013). That being said, the price could very well skyrocket in Novemeber-December. I dont know what the price will skyrocket to but if history rhymes then 2022 (like 2014) could be a bear market year. Also the fact that capital gains tax is going up next year because of Biden, many maybe looking to sell this year rather than next year to take profits triggering a massive sell off before Dec 31st.
Well if you have opportunity to sell then take your profit then its still a good action towards what you want to do since we still don't know what the future brings and also just monitor what will be the market flow happened for the year 2022 so that we can still join the part if we are in bull market at that time.
We can't speculate that we will go on bearish season whatever year it is since we know how good the adoption happened so for sure all things will consider and we will see much healthier market next year, although we can't predict but since bitcoin is made a legal tender on one country for sure we can see more demands on it.