As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000 and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
If you are feeling very optimistic about the Bitcoin Bullish price passing $100k in 2022, you even mentioned the bitcoin price hitting $150,000. Of course, your opinion must be studied with rational logic, especially now that it has entered 2022, but the price of bitcoin is still decreasing, so that we don't get stuck in unrealistic numbers and stay alert in the face of bitcoin price movements.
I guess we are still in the early days of 2022 and the journey ahead is an exciting one we remain optimistic about the price of Bitcoin to reach a new all-time high before the end of 2022.
With the various activities and new development in the Bitcoin network, the price is going to be on the positive side, so many Bitcoin price analysts have forecast a near Bitcoin bull run I believe in the next couple of months businesses picked up we will see more increase in price which will reflect the predictions.
But yes, we are still not even at the end of the month so a lot of things can happen. Hopefully it will be on a positive note as the price continues to slide and we are in the brink of a $40k again. A price we haven't seen for a while since we have a good bull run since September if I'm not mistaken.
Short term, we might see some semblance of a good bounce to at least $50k and that will be good, and later we might hit 6 digits before the end of this year.