I think we have bottomed out, but I also think we will be at these prices for more than a month. If the issue with Russia doesn't get complicated, I think the rally will come by the end of the year. The market needs to digest the rate hike and even see the first positive effects of higher rates on the economy
the only factor i should consider first is the war of Ukraine and Russian might be the major functions while Bitcoin is experiencing downgrade. Because i observe vividly that since the existence of the war, i was wondering that the war should be one of the major functions or reasons while bitcoin is experiencing negative market reaction. From my perspective, it seems that Russian have one of the major mining farm and also people who enroll into the market of cryptocurrency, because since the existence of the war their is changes in cryptocurrency.