now that we are close to the end of the year I can say that this was not a good year, definitely this war between russia and ukraine is creating more financial crisis, we already had problems because of covid and now we have this misfortune that is affecting prices of cryptocurrencies and other assets, even my real world business has been affected, and it is fair to say that this year has not been good and I doubt the situation will improve anytime soon. I'm just saving the little money I can and I'll buy more coins
it seems like all colleagues predict that in 2022 there will be no bull trend and that is indeed true if we see from the beginning of this year bitcoin is really not able to survive and continues to move down. even the decline could be below $10K, although now it is starting to increase but the increase is only temporary. I believe that in 2022 there will be no promising changes, but can instead be used to buy or hold existing investments.
the possibility of gradual movement will begin to occur into 2023 until the next halving period and this is a natural thing to happen to bitcoin, that is sure bitcoin will rise again in time.
But, is the 2022 ended already? No not yet, so all those who predict can still be wrong. The price on the beginning of 2022 is still better but it keeps on going down and we only feel some relief after a few months have passed because the decline had stop and then it followed by some increase. How can you say that the decline should be below 10k? That price was too low already, that's why the price didn't reach that low.
There are really bad predictions but it was only 13k. See even they don't also believe that we can hit 10k or lower than that. There are no promising changes yet that happened but gradual movements. There is already.
10k would be too much and it seems like we're already underestimating the capability of Bitcoin. We're still in the middle of the year and there are still lots of things that are yet to happen before the end of the year. Bitcoin still has a strong resistance against the bearish market and it has been through the same market situation but if we'll look at history, Bitcoin was able to recover and hit a good price during the ATH. I don't think Bitcoin will drop to 10k because it's already strong enough to drop that low.
I'm someone pessimistic about the future, but reaching 10,000$ seems very difficult to me, in my opinion the minimum that could be reached would be 14,000$, I don't see it falling below that