It will not be a surprise if Bitcoin moves to $22K next year. We all have seen its movement in 2017. I agree to the point that most of the investors have lost their faith in ICOs and IEOs due to rising scams. Although IEOs have given a little push to crypto market but it still needs low of money inflow. Once investor's confidence on crypto projects is rebuilt, I do not think Bitcoin will take much time to reach $22K.
IEOs are equally a scam like the Icos except for the fact the these are a listed scams. I call icos scam bot because they run away with money but because they stay boldly without doing anything even after raising money. 99% of the Icos launched an year of couple of years ago have not achieved anything as per their road map.
Looking at the chart as a whole we aren't after all experiencing bear market but just dipping just for 2-3 years and will probably go on rising again. I don't just dream of 22K though, I'm hoping for more. probably double it to 40K until the message to all the people in the world will be seen that we're in the age of digital currencies.
I strongly believe that it is also the desire of each and every one of us to see that bitcoin price grows above $30k because this is the value that is enough to actually make many people happy about their investment in the coin, most especially many of the people that bought out of FOMO when the value of bitcoin reached the last ath of $19800.
Price at $22k is still not that bad anyway, but I think that bitcoin can actually do more in this next bull run, considering the fact that we have added more in terms of adoption more than the previous adoption rate we had even in 2017 when the bull run sets it, it means when bull run starts now, there is going to be more buyer of bitcoin, therefore to achieve the predicted value may actually be a very simple target.
It's still not as simple as it seems. As i said main thing before last bull run was that a lot of people heard other's making money. This time it has to be something bigger and people need to realize the utility of blockchain for bull run to be triggered the event can be anything.
In any case, for all time, Bitcoin shows excellent dynamics. It is likely that after the halving, the price will begin to rise, however, given the manipulative state of the market, it is very interesting how the whales that own most of the bitcoins in the market will play cards. Mass cryptocurrency FOMO in the past. The big question is what will provoke people to buy bitcoin again, perhaps the rapid and continued growth will again create a wild excitement in which people want to give preference to bitcoin rather than altcoins.
The manipulation work on the both sides for whale. They are great at creating FUD and equally good at creating FOMO we just saw in last few months that btc went to 10k from 3k so whales can take the price to 20k equally easily