Yes, at the beginning of the year the cryptocurrency situation is a bit miserable. This is because at the beginning of the year, the price of all the coins in the cryptocurrency, including Bitcoin, is a little lower. There is no reason to be discouraged because it is miserable every year at the beginning of the year. Later, the market's momentum picked up again.
I may not call the current situation "miserable" still it is a down time but the good the good thing is bitcoin is proving its capability to stay above $40k levels which is a good thing that we need to consider for speculating about the upcoming trend of bitcoin market. I am sure sideways market is not a worrying sign to assume about the condition as miserable. We need to be patience by making use of dips to get ready for the bullish markets of 2022. Yes, we are going to have new ATH in this year and preparing for that will get anyone decent profits.