I think a bullish bitcoin scenario will occur in this year to reach the target price of $75000. Although the bitcoin market is still tending to be depressed since the beginning of December 20221 until now after a sharp sell-off. However, I think as early as 2022 now, I predict that Bitcoin price will appear to be on an upward trajectory of up to $100,000 at least in Q1 2022. Therefore we expect at the start of this new year, bitcoin price to rebound again.
Everyone wanted the price to rebound again, unfortunately, at the start of the year, the bullish market is but all gone now and has been replace by the bearish market. And I tend to agree that history might repeat itself again, like 2018 wherein it is the start of a long and bearish cycle after hitting $20k as ath. Sorry to burst the bubble but I disagree with you, it will be very difficult to rebound and reach a upward trajectory of $100K.
Well, that's what the whales and institutes want from retail that they become completely disappointed on the bullish market and sell all their holding thinking the bear market is started and the price will go further down. That will be the right time when whales will push the price up and then retail will again enter at the high , probably at the time when bitcoin will be near its peak.
The game has really change a lot when whales started to enter the market in the last couple of years. They really started and change the rules sort of.
All we retail investors and traders do is to follow those whales although our emotions most of the time takes over sell our stash and then this whales getting it under our nose. Sometimes it's better to stay on the ground and not sell and panic even if the price is going down to not give the whales opportunities to score from us.
Because the movement of Bitcoin moves based on supply and demand, of course, whales who have large capital will benefit greatly. They can
manipulate the price of Bitcoin, this is indeed dangerous for small investors who only have small capital. But since there is no way to prevent
whales from manipulating prices, what we need to do as small investors is not to be influenced by what the whales are doing. Let them do
the dump, we do not panic by selling cheap Bitcoin that we have. We have to be patient holding Bitcoin that we have until the price target
we want is achieved. We must learn from the history of Bitcoin price movements, that Bitcoin will not be bearish forever. So how deep the Bitcoin
price goes down, eventually the Bitcoin price will go up too. So people who can patiently hold Bitcoin, that's people who can get profit from Bitcoin.