December 2021 has passed, the predicted $100k bitcoin price at the end of December did not happen. Entering the beginning of 2022 the price of bitcoin is still experiencing a decline in price even though it had risen to the level of $51k in the last few days. In my opinion, bitcoin should hit $60k price first to create positive sentiment to confirm that bitcoin is back on a bullish trend to hit its $100k price target in Q1 this year. However, this seems quite difficult to happen considering the tapering policy that is carried out gradually does not rule out the possibility that the bitcoin price will touch the lowest point in the $40k area before finally rebounding.