We are halfway into January and we are still around 20k Bitcoin price we may have a very slow growth in this period and since we are already above 20k the only time we can expect to end the month at a 25k price of we should be climbing up to around 22k before this week end.
some speculators are already predicting a further pull back since the price have dropped below the 21k within the last 24 hours.
But if tge price of Bitcoin can really recover up to 22k in thos months only then we can expect to see a significant bull come back with a lot of recoveries to do in the coming month if all things keep being equal and on a positive appetite.
The highest we have in recent days is 21.5k which means the distance to reach 22k is not too far, so if it can reach 22k, there is no guarantee there will be a rally in significant prices occur. I still suspect that what's going on is more of a trap than a real bull run, even though many people argue that no one can manipulate the market for such a long time (we've rallied over 7 past days). Bitcoin has dropped in the last 24 hours because of some bad news, but in my opinion, bitcoin will still rise again to complete the trap.
Yes, we also did touch $22k, but it seems there are a slight sell off -2% in the last 24 hours, so we are back into the $20,700 range. That's why quickly it gets liquidated, and we are still way below $1 trillion total marketcap.
Hopefully this setback is just temporary, we wanted to see if we can attempt at $22k and solidify around that price and perhaps if the market sentiments continue to be positive, then maybe not just $22k but maybe in the range of $25k could be the target next.