The price of bitcoin has continued to decline in the past month. where the price of bitcoin is still difficult to get back up to the level of $ 55k until the start of the new year. However, the situation may change, I'm still optimistic if the bitcoin price is bullish again in 2022. Therefore, speculation in this new year from a technical analysis perspective, bitcoin still allows for a big pump. It's even possible that a break of the current price range could lead to a rally towards $85,000 in Q2 2022.
In the past week, the bitcoin price has fallen by 7.84% and now the bitcoin price is around $46,855 in the market, although there is a slight strengthening from the previous price, but there doesn't seem to be any sign that bitcoin will experience a significant increase in the near future, it seems that the start of the new year did not make bitcoin prices better and instead will still be depressed due to several factors that are believed to be the cause of the decline in bitcoin prices, one of which is due to the plan to accelerate tapering and increase the benchmark interest rate from the Fed, besides that some negative sentiments are still continuing is the trigger that makes the bitcoin price in a bearish phase right now.
Of course all of us here want the bitcoin price to recover quickly and it will all depend on the market conditions that will happen and I hope we will all be able to see a better bitcoin era in 2022.
It is always interesting to talk about the future of Bitcoin, especially since we are already entering 2022, there will be more speculation about
the price of Bitcoin. Regarding negative opinions about Bitcoin, because the price of Bitcoin has not recovered until now, we don't need to pay
attention to it. Because if the Bitcoin price is bullish, there will always be negative opinions about Bitcoin too, so don't be influenced by the current
FUD circulating. As long as we believe that the future of Bitcoin will be bright, why don't we focus on collecting as many Bitcoins as possible.
Moreover, the price of Bitcoin is still decreasing, it is an opportunity for us to buy Bitcoin again. We have to be optimistic that 2022 will be better
than 2021, so don't panic at the current Bitcoin price. Because I believe in the near future the price of Bitcoin will start to recover,
so I will keep holding the Bitcoin I have until the Bitcoin price goes up again and reaches new ATH in 2022.