THECRYPTO.WATCH – Many people make predictions of bitcoin in 2022. This is due to the popularity of crypto assets which are increasingly being favored as a new style of investment.
The downward trend in bitcoin prices is still a sight to behold. Bitcoin predictions in 2022 are still not clear. Some predict that this decline is only temporary.
What is Bitcoin Prediction for 2022 Based on?
On September 7th, 2021, the price of bitcoin was still declining, reaching the level of 52,850 US dollars per BTC. What is Bitcoin prediction for 2022 based on? Based on this price created can not be separated from the massive sell-off of several crypto assets.
The condition of the strengthening of the dollar price is used by investors to liquidate some of their bitcoin holdings. This is done to get a lower purchase price.
The decline in prices was influenced by technical factors. It is also affected by the major position of crypto assets, including bitcoin which is in the ver value position.
The news that the state of El Salvador has legalized bitcoin as a legal tender has not been able to boost the market. Cryptowatch Co-Founder emphasized that the correction that occurred in the price of bitcoin was likely to be temporary.
The current bitcoin price correction is expected will make the price stable. Many argue that the decline is considered normal.
The bitcoin prediction for 2022 believes the number of bitcoins that have exited the exchange in the past month will be a reinforcing factor.
Things That Affect Bitcoin Prices
Several things that affect bitcoin prices will be explained in the following review.