Bitcoin price will fall extremely deeply in 2022, expert prediction stunned the community
The future of Bitcoin is currently the subject of intense controversy in the community cryptocurrency a few weeks back. Many people think that the Bitcoin price hovering around the $38,000 mark at the moment is a good sign, which means that the price is accumulating to enter a strong bull cycle in the next few months.
The Future of Bitcoin is Controversial
At the rest, analysts are asserting that Bitcoin is currently still in a correction cycle following the peak price of $68,789 reached on November 10, 2021. The Bitcoin price correction is also consistent with the 4-year cycle that the community often mentions. Specifically, according to research and analysis on price charts, every 4 years, Bitcoin price will have a strong correction to create momentum for the next growth cycle. The last time we saw this “terrible” correction was in 2018.
Crypto analyst “Wolves of Crypto” wrote on Twitter: “Bitcoin is entering the last phase of a 4-year cycle and its price will bottom out by the end of 2022.”
“According to information from the price movement indicator (SMA 200), the bottom price of Bitcoin is likely to be in the area of $24,000,” the analyst added.
Bitcoin price chart from November 2021 to April 2022
If this analysis is correct, after making a bottom, the Bitcoin price will bounce sharply and will probably surpass the old peak around September 2023.
Willy Woo, another well-known analyst also agrees with his colleague and thinks that we will bottom Bitcoin price in 2022.
Many experts believe that starting to accumulate BTC at the present time is a smart choice. Cryptocurrency market analyst Philip Swift thinks Bitcoin is in a buy zone. According to Mr. Swift, investor sentiment is gradually getting used to Bitcoin’s fluctuations and the market is starting to show positive signals, but the downward momentum is likely to continue.
However, the analysis is just data that is aggregated and outlined based on past fluctuations, whether the Bitcoin price really bottoms at $24,000 is still dependent on a lot of factors and The market seems to be more cautious after the recent “technical spans”.
at Blogtuan.info – Source: Kenh14.Vn – Read the original article here
