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?
2022 has ended and we are now entering a new year but if we look at it after the turn of the year there have been no positive signs that could make the bitcoin movement increase so that bitcoin is still being traded below $20k and it looks like this year we will still be in a bear market, although there is a possibility that the price of bitcoin will decrease until the end of the year but for long term investors they will not worry too much because they have a strong hand to hold bitcoin until it reaches the target they set and maybe they will only sell it when they get the return as expected.