I guess Bitcoin will continue to have correction below 30k for the whole year of 2022. We have not seen a real bearish market for quite some time now. The last we have seen it was around 2019? After that Bitcoin have just skyrocketed.
The market really needs to have a consolidation period. For the market to allow new accumulation phase and for the new investors to have a good entry point.
I am not expecting much for this year, because I am looking forward for the next 2 years as it is the end and the beginning of the 4 year cycle which usually pull Btc's price in an upward momentum.
No way. where are you last time? On the beginning of first quarter, the marker already experience a bear and the bear was over because the price is now recovering. Cant you see the price now mostly stays above 40k level. Sure it can drop to 39k sometimes but I don't think it will go below 30k. We are simply done on that phase.
If there's one thing that didn't happened yet, that will only be the bull market. I am talking about the real one. The market shows an increase last time and people thinks the bear had already started but it was only fake. It's only just a bull trap. Like you, many are excited in the next 2 years but many are also excited for this year.
But if you look at the last all time high, we have barely reaches the capitulation, which means the price can still go down 50%-60% from the last high we got.
So we can't say that the correction is over, we still have like 8 months and anything can happen on that time frame. Nevertheless, getting below $30k might be the biggest opportunity again to accumulate because of the cheap price.