Post
Topic
Board Speculation
Re: Cryptocurrency status at the beginning of the year
by
Poker Player
on 23/01/2022, 04:16:43 UTC

In other words, it will take some time for the market to get better.

This may change and it may not be so long for reversion to start. The price is around $34k and pushing to $30k support and strongly hodling at $35k. On a longer time frame, it is looking like a change is possible to happen anytime soon before the second quarter beginning. This year may still look positive at the end.

It may or may not. I don't know what will happen at the end of the year but I doubt very much that the next few months will be bullish and we will beat last year's ath of over $70K. With the FED withdrawing stimulus, and Russia and the EU considering banning mining, it is normal that we will have a few months with low price. Surely we will recover a little from the recent fall but I do not see spectacular rises, unless we have news like Amazon accepting Bitcoin or something like that but I see unlikely news like this in this environment.