the bitcoin trend will usually go up after the previous year it sank, if we look at the trend for several years there seems to be the same pattern, for example a 4 year trend, a 2 year trend and so on, I'm sure that in 2023 the price can rise again, there may be a big case that creates panic like LUNA and FTX but it won't have much effect anymore, and it's possible the price could touch 3x from the current price.
Hopefully what we want can be achieved in the next year so we can get big profits again like before. But before that, we must be patient and keep waiting because market conditions have not improved, and it looks like the market will experience another correction. And hopefully, there won't be any more negative news like before so as not to provoke investors to panic so that the bitcoin price doesn't fall any deeper than now. We can only prepare ourselves by buying more bitcoins at this time because the price is still low.
In my opinion, it is too early to expect a bull run in 2023. Bitcoin is also part of the world economy, and our world is still suffering from the war between Russia and Ukraine, so expecting the price to recover to $30k is hard. And need to take into account the happenings in the market that we have, Fuds of centralized exchanges. After Mazars Group and Armanino stopped providing audit services and deleted all previous results and so far, no entity has dared to audit the assets of exchanges, raised major concerns about the real assets of these exchanges and their transparency. With all this bad news, I think we're going to have a correction rather than a bull run.
Maybe it's too early, but we can continue to hope that 2023 can bring a little change for us to benefit again. And even though, in the end, the market hasn't been able to increase yet, we don't need to worry or panic because it's only a matter of time before the market can increase again. And we can only continue to be patient, waiting for the crypto market to rise again.
the bitcoin trend will usually go up after the previous year it sank, if we look at the trend for several years there seems to be the same pattern, for example a 4 year trend, a 2 year trend and so on, I'm sure that in 2023 the price can rise again, there may be a big case that creates panic like LUNA and FTX but it won't have much effect anymore, and it's possible the price could touch 3x from the current price.
Hopefully what we want can be achieved in the next year so we can get big profits again like before. But before that, we must be patient and keep waiting because market conditions have not improved, and it looks like the market will experience another correction. And hopefully, there won't be any more negative news like before so as not to provoke investors to panic so that the bitcoin price doesn't fall any deeper than now. We can only prepare ourselves by buying more bitcoins at this time because the price is still low.
The altcoins bull is yet to come like it did around 6 years ago. Investors have been expecting this to happen and maybe it may be in the next halving season. However what I notice about this market is that at the right time the market will take a turn either for bull or bear and it is not really about fud or panic. There have been two incidents in the history of the market to support my assertion so far. The Chinese ban in bitcoin in the past didn't stop bitcoin rally in 2017 and 2020, the covid-19 pandemic year rather gave the cryptocurrency market more recognition and that is why we saw another ATH. So hodling is good at this bear time.
Everything that happens in the crypto market is bound to be replaced, and even though the crypto market is still in a bear market, it is being replaced by a bull market. And even if there is still a lot of negative news about the crypto market in a year or two, that won't stop bitcoin and altcoins from getting an altcoin season and a bull market for bitcoin. And now is a good time to keep hodling potential bitcoins and altcoins. Don't give up and keep hoping this will all be over soon.
