Quote from: Wiwo on July 11, 2022, 02:25:45 PM

Bitcoin whales are building a lot of appetite for the next market pick, with a $30k Bitcoin price on target, many Bitcoin price analysts are pointing to the uptrend movement and a rapid Bitcoin price movement in the second half of 2022. Bitcoin has faced a lot of resistance and decline position in the first half of the year 2022, note this the level of decline will always determine the level of the next price all-time high so basically $70k Bitcoin price by December 2022 will not be a bad idea though.

Recently, two main categories of investors have shown an appetite for replenishing wallets: shrimp with a balance of less than 1 bitcoin and whales with a balance of more than 10,000 bitcoins. Some use the dump to make money on a bullish correction, while others use it to accumulate in the long term. Since there are practically no tourists left in the crypto market and all investors with weak conviction capitulated, there is another category of bitcoiners that can continue to exert selling pressure - these are miners.

In the last bearish cycle, this capitulation lasted about 4 months, in this cycle it only lasts 1 month, so this may be one of the reasons that Bitcoin will continue to walk in the price range from 17k to 30k for a long time. The probability of a price hike below or above this range is also allowed.

A return to ATH or close to ATH this year is highly unlikely.