No technical analysis or indicators, just mostly broadly based on market sentiment: we're just going to have sideways chop for months and months, angling slightly towards the downside rather than the upside.
Fun fact: most of the pain in bear markets isn't necessarily the sharp price drops, but the slow and boring grind to the downside.
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We all have a positive outlook this next half of the year though so that's enough to be bullish I think we're all gonna reach the new ATH by mid 2023.
Monitoring exchange netflow, there are whales buying up BTC in billions of USD so we're probably going there once again. By the end of the year I think we'll hit $50K again. Hopefully.
I expect stagnation and slow decline. With this global economic turmoil, high risk assets don't seem attractive to many investors. Most of the doomers have likely already sold, so the price shouldn't fall below $20k, I'd expect it to slide to 24-25k and stay there. The true bull market will come somewhere in 2024, together with new halvening.
I also don't expect the value of bitcoin to rise in the second half of 2022 at all. The economic situation in the light of recent and previous events has a very unstable position and it would be naive to expect that everything will improve overnight and investors will massively start buying bitcoin. It seems to me (I can only assume) that in the next year or two we will not see a serious bitcoin price growth. I think there will be small growth surges, but this is unlikely to greatly affect the current trend.
Personally, I do not expect a new ATH in the second half of the year, but there is still a chance to return to 40-50k this year. I also expect a red annual candle, since according to the theory of cyclicality, 2022 is a year of decline, after a year of growth and a new ATH, that is, the price will close on December 31 below $45,600.
What are your expectations and what do you consider first of all, fundamental analysis or technical analysis based on charts and indicators?
Looks like the 4-year cycle is happening right? It happened in 2018 where Bitcoin went down from $20,000 to near $3,000. Base on what is happening around the world, it seems like it will happen again. The good thing is it isn't that worse like what happened in 2018.What are your expectations and what do you consider first of all, fundamental analysis or technical analysis based on charts and indicators?
My prediction to what will happen this year is Bitcoin might go sideways and as long as Bitcoin will not pass the resistance which is the $46,000-$48,000 (highest price reached before the 9 week red candle happened), we might remain stagnant the whole year. I hope that all of us are ready with this one. On the other hand, the good thing is we already saw an inverted hammer candle last week which often means that a trend reversal is happening base on technical. Technical isn't 100% accurate though and it might happen or not. As of now, the weekly candle is in green.
It is not possible to predict because the world is becoming less stable and that is affecting the economy too which in turn could severely affect bitcoin market (either positive or negative). There are certain events that are going to happen within the next 10 to 20 days that could have significant effects.
We also have another major war that could happen in winter (China/Taiwan) that could mess up the world even more than the Russia/Ukraine one has done.
But if the "doomsday" scenarios don't take place I expect price to start rising very soon. Breaking certain resistances such as the $50k one could speed up the rise significantly and $100k would be in reach in a very short time after.
We also have another major war that could happen in winter (China/Taiwan) that could mess up the world even more than the Russia/Ukraine one has done.
But if the "doomsday" scenarios don't take place I expect price to start rising very soon. Breaking certain resistances such as the $50k one could speed up the rise significantly and $100k would be in reach in a very short time after.
We are 3 weeks far from the ending of 1st half and still we are now seeing anything yo grind and to wait but I am not losing my hope in this coming second half , I believe that we will be maintaining the 50k level at least till the end of December.
I don't really see much prospect for Bitcoin or any cryptocurrency for that matter for the second half of the year as the global economic situation is depreciating. Many countries that the major whales below to are currently facing some challenges. And with the red candlesticks portrayed on exchanges, I would say getting a new ATH in the second half is seemingly impossible. (I stand to be corrected though) lol.
it is not really worth believing that new ATH will be recorded , but at least will recover from this dip losses , and i know there are many things to expect here in the second half of 2022.
Most likely for the first half of the second half there won’t be much action. Kind of like 2018. Maybe there will be more trends than sideways chop like we have no in September but I think most of the biggest moves will be sometime in Oct-Dec.
Right now you can see with all the barting around that there is very little liquidity. And most likely this will continue until Friday when the CPI numbers come out.
Then if the numbers are a surprise we should get a decent move.
Right now you can see with all the barting around that there is very little liquidity. And most likely this will continue until Friday when the CPI numbers come out.
Then if the numbers are a surprise we should get a decent move.
I am actually still hopeful that Bitcoin could still manage to get back to somewhere in the $50,000 level in the second half of this year. We've had enough red in the first half. Although it could very well extend to the other remaining half, I think the green and better days are coming. But it might come a little late, in the last quarter of this year, the later part of the second half.
There are good news happening and coming but they're still pooling up power. So Bitcoin is probably just consolidating during these boring days. Once it bursts, the price could go into a strong rally toward $50,000.
There are good news happening and coming but they're still pooling up power. So Bitcoin is probably just consolidating during these boring days. Once it bursts, the price could go into a strong rally toward $50,000.
I don't really see much prospect for Bitcoin or any cryptocurrency for that matter for the second half of the year as the global economic situation is depreciating. Many countries that the major whales below to are currently facing some challenges. And with the red candlesticks portrayed on exchanges, I would say getting a new ATH in the second half is seemingly impossible. (I stand to be corrected though) lol.
I expect stagnation and slow decline. With this global economic turmoil, high risk assets don't seem attractive to many investors. Most of the doomers have likely already sold, so the price shouldn't fall below $20k, I'd expect it to slide to 24-25k and stay there. The true bull market will come somewhere in 2024, together with new halvening.
I expect price to bottom at current prices ($25k to low $30,000s), perhaps throughout the summer if macro environment contintues to look negative for the next few months. But in the Fall I think we'll start to see a recovery. Might just be a slow grinding recovery, or we could see it leap back into the $40k's rather quickly if people start thinking the bear market is over. Basically I don't expect much but I think the recovery will have started before end of the year.
When people really start coming back to the market the price should shoot up because of the supply shock from all the accumulation that has happened the past 12 months, but I don't expect a ton of people to come back into the market until next year so I think it's more likely we'll see this bottom play out and then grind up a bit to finish the year, and then next year we'll start to see strong price growth and new ATHs.
When people really start coming back to the market the price should shoot up because of the supply shock from all the accumulation that has happened the past 12 months, but I don't expect a ton of people to come back into the market until next year so I think it's more likely we'll see this bottom play out and then grind up a bit to finish the year, and then next year we'll start to see strong price growth and new ATHs.
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