But also the effects of the new covid-19 strain which really put a dent to all financial markets around the world. Maybe the critics of S2F modelling are now mocking it because we are far from it's prediction of 6 digits at the end of the year, maybe because it didn't take into account this kind of events (mt. Gox and then Omicron strain). But it is what is it, bitcoin is very volatile but it's good if we are going to end around $60k-$70k at least.
Let's be glad that the price didn't fall too much when the new variant was announced. The news about new variant is alarming that can affect the economy again of those who juat restarting again to open their country with lesser restrictions regarding safety. Though we know crypto didn't affect much in covid pandemic last year we still cant guarantee if the variants will not harm crypto now. Hopefully this new variant will not spread longer to atleast reach new ATH before the year ends.