The erratic rise and fall of Bitcoin's price has not been broken through recently due to a lot of bad news and tense developments in the world's political and economic situation in some places. In addition, the effects of the COVID-19 epidemic also have an impact on bitcoin, I think the end of 2022 will have a strong recovery in bitcoin.
Well we have seen the impact of Covid-19 already on the market. The thing is that we have bounce back from that, specially that it coincides with the Bitcoin catalyst for a bull run which is the halvening.
Now, it's the geo-politics that is affecting the price, nevertheless we are still above the threshold of a bearish trend. So I will say that we are still doing good at $40,000.