one one hand we have Omicron and the mark that it is leaving on the world economy.
on the other hand we have the bitcoin price failing to stay above $50k and all the FUD that came after that.
i can't predict the impact of all this on the price since the current $41k is already way below what the actual price should be, but i can expect a month or two of "fear" where people are scared of buying bitcoin and eventually start hoping for a drop so that they can buy more (something like what we saw during $30k period in the middle of 2021).
do you think January and possibly February could be the Fearuary months?
I think that is a pretty fair statement to make.
There is virtually no bullishness left in the marketplace, which is fair enough given that you are looking at a stage in the bull market without much new money. It's really just a zero sum game right now, with people trading against people.
Definitely expect more dumps to come in the next few months. I think that markets are fatigued and the path down faces much less resistance than the path up right now.
I can see that the market has not recovered totally, so more likely that this current dump will still be happening in the next 2-3 months from now. But there are no reasons to be fearful this time as we are also in a big opportunity right now to buy more bitcoin and established altcoins. In fact, based on my own experiences, while others are fearful, one should be more greedy to accumulated more. That helped me a lot to never get panic and self pity because i have never been losin all this time, and i get all the chances to fill my bag with coins with great potentials.
Neither would takes time or would really recover directly because this market could give out direct assurance whether it could rise up its price after a dump but at least we are seeing some progress in terms of recovery which do matter the most.For you as an investor and wont easily freak out then you should expect the unexpected considering that this is how the market works.
Fear,anxiety,bogglig mind and confusion could really be felt anytime on various market conditions and this is where experience does count on certain individual.You wouldnt survive if you dont able to cope up that well specially with your emotions.