Due to uncertainty and fear, investors are not investing in the crypto market and selling out their holdings this is the reason, the price is almost $38000 but I hope by the end of the year 2022, we should target the price up to $100000.
$100k at the end of the year, maybe this is what most people predicted to happen last year when bitcoin hit $69,000 but then what, bitcoin kept falling in price and is currently moving sideways 37k-40k.
We've been in a bear market since bitcoin hit ATH 69k, so it's no surprise that this year has been a bear year we can't expect prices to increase every year. For me, I don't expect too much of a new ATH this year, I will just focus on buying more bitcoins if bitcoin continues to downtrend.