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. 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.
What are your thoughts on this? What could be the rise of price by end of 2022?
Long-term Bitcoin investors continue to believe in Bitcoin and the entire process, so they have hope that the price will return and even increase more than it has in the past. As a result of some Altcoins having bridges, the market is increasingly experiencing ups and downs, which puts pressure on sellers as some people actually lose interest in cryptocurrencies. Even so, there is still a chance that if this year ends, we can monitor the next course the market will take.