After long time of suspension of BTC price between 32k to 40k is we think it's bounce backed to 60k this year?
The market situation is indeed difficult to predict this year because of the turmoil in several countries that made the business industry chaotic, at the beginning of this year everyone was shocked by the war that broke out between Russia and Ukraine, from this incident we can see market sentiment turning negative which caused the market capitalization to fall as a result of the sell-off. But now / today we can see the price of BTC has increased by 4% from $40k to the price of $45k. Well, based on this there is a possibility that the BTC price will reach $60k by the end of this year or will record a new ATH.
Actually entering the beginning of 2022 Bitcoin performance is quite disappointing because it has decreased in price, but it is still reasonable,
because in 2021 Bitcoin experienced a tremendous increase. So this year it is likely to experience a bearish trend, so according to my prediction
the possibility of Bitcoin returning to the price of $ 60k is very small. Moreover, this year there was a surprising war between Russia and Ukraine,
which affected the crypto market. Therefore it is likely that Bitcoin price will stabilize around $30k to $40k until the end of this year. It is true that
Bitcoin is currently rising to the price of $44k, but it is likely that Bitcoin will be very difficult to rise above the price of $45k, because previously
it had gone up to the price of $ 44k, but not long after the price of Bitcoin will go back down again.
And we thought that it will get worst when we hit around $33k-$35k and it will still go down to like $20k-$30k. However, bitcoin proves it's resiliency again, slowly getting into the $40k'ish range and the continue to ascent to $44k-$45k because one company is being bullish about it because they are willing to throw billions for the next 3 months. So we will see if we can go over and touch $45k because of it. So no surprised if we even touch $50k in the next couple of months. So don't say that it will not rise above of $45k because everything is possible.