Despite a rise in volatility and massive losses for BTC the long-term holders are positive.
Global geopolitics and the prevailing macroeconomics will push Bitcoin prices to higher volatility in future. But for now as per on-chain data and Glassnode, long-term Bitcoin holders perceive the current bear market as similar to 2018 bear market, which saw a peak unrealised loss of -36% on average. I fell its time HOLD your bitcoins and best time for new investors.
Some Positive news - According to Glassnode, the total supply held by holders has reached a new ATH of 13.62 million BTC. So the price will re bounce anytime soon.
What are your thoughts on this? What could be the rise of price by end of 2022?
The current situation of the bear market is not certain, as crypto winter is here. The crypto market will take time to recover from this bearish clouds. Keeping this in mind the maximum we price we can expect is $18,954.37 and least down fall could be $15,405.825
(bitcoin price prediction by Coinpedia experts).
Today November 29 price is at $16,434.07.