Despite a rise in volatility and massive losses for BTC the long-term holders are positive. It is observed during recent sell-offs and downturns, those who hold for a long time generally remain optimistic and are patiently waiting for the price to rise again.
In case you are new in this space, it's been like this since Bitcoin's existence. HODL tight!!!
On-chain fundamentals are strong and with the halving set to come in the near future the supply of bitcoin will be restricted and will create further upward price pressure.
On chain fundamentals shouldn't be religiously relied on though. People have been cashing out of exchanges because of the recent LUNA and FTX horrors.
What are your thoughts on this? What could be the rise of price by end of 2022?
End of 2022 is too close, probably mid 2024 and onwards if you have observed the previous cycles