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.
As long as bitcoin continues to stay at 40k in current geopolitics, it is also a success.
After the covid pandemic has devastated a lot of the economy, now war and rising inflation are slowing down the world's development so don't expect too much in a year full of ups and downs.
We also had a very good year of growth last year and most profitable for investors, this year will be a year of accumulation rather than growth.