What perspective are we going to accept here? Are we going with the analysis of the market going bear contineously or claims that the price will go bullish? Maybe we should just be neutral without being too optimistic or pessimistic.
Predicting Bitcoin's price is very tricky. This is so because its price is based off of several economic factors from supply and demand, to public sentiment, to the news cycle, and market events, scarcity, and more. As at November 2021, so many
Bitcoin analysts predicted that in the price to be up to $100,000 in Q1 2022 but here we are in the Q2 and it's not even half the price predicted. For me, just being neutral is good for my peace of mind. However, it doesn't mean that I am pessimistic.
its really complicated to predict bitcoin price, since its influenced by many factors. market manipulation and other factors such as geopolitical and macro economic be obstacle for bitcoin price movement. alot good news spreaded but the fact price still steady around 40K. legal tender, mass adoption wasnt enough to drive bitcoin. but for long term , its still optimism will able to create new ath.