I never believe that the price of bitcoin will be back to 20k$ and I think it will rise more higher than 60k$ in the next few years so I think it is best to hold btc on year 2022 or in the next few years till it reach 100k$. Bitcoin is predicted to reach 100k$ this year but it does not happen so maybe next year it will.
I think so too, there is a lot of information circulating that btc will be corrected to 20k. I think there might be a negative correction from the current value but I don't think it will reach the low level of 20k. I'm still optimistic that the price of btc in 2022 will improve even though it's not like in 2021.
Again, no one really knows what will be the lowest low for bitcoin starting this year and the rest of the bearish trend, it might not be $20k, but for sure it will be lower than the current price. But as long as we can bounce back and recover to $50k'ish then we might not go lower than $40k.
However, we should be ready for any price action, I mean if we go bear market then we should prepare for it. Buy in the dip could be a good strategy in my opinion.
Although we all do not know the lowest price of Bitcoin this year, but we can learn from the history of Bitcoin movement. Where Bitcoin can
always recover every time it experiences a price decline, therefore it will not be different from what is happening now. I'm also optimistic that
Bitcoin this year won't drop back to $20k, because now Bitcoin has been trusted by many institutions that hold Bitcoin long-term. My prediction is
that the lowest possible Bitcoin price will be above $30k, but it won't take long, because Bitcoin will recover soon and will go back up to the ATH price.
I also hope Bitcoin can return to $50k this month, so it will make Bitcoin bounce back again. If we decide to invest in Bitcoin, we must have
a good strategy. So we don't panic if the Bitcoin price doesn't move as expected and can prepare for the worst if it happens.