What Is the Future of Crypto and Bitcoin in Short and Long Terms?
Bitcoin fell down fast at the first days of the New Year’s Eve, and just a few days ago, on January the 8th, it was getting sold just about 40K USD. The crypto market is highly inflated. Inflation of crypto market and Bitcoin following the New Year’s Eve, and especially after the Kazakhstan government shutdown of the crypto mining networks, potentially might be disappointing. The market could be bearish, not only for the cryptocurrency value, but also, for the stock market, over the early months of the year. Meanwhile, experts’ analysis proves long term increments in crypto market price. Thereby, as the Bitcoin value badly hit 40K USD (as a short term falling minimum) last days, and, on the contrary, as the crypto markets just had some good trades last days, and especially while meaningful hopes are brightly observable at the sight showing that the crypto markets are getting boosted again over the next days by a higher rate of impressive traders, thereby, fortunately, the cryptocurrency market shall hit a desirable value, once again, too soon (above 45K USD). Furthermore, social stress sharply threatens the markets for the public self-conception of “what if the CoVid issue affects the Digital Money throughout the current pandemic”, and, also, as it was discussed above, the Kazakhstan’s cryptocurrency mining complaints yet threatening the crypto market. Hence, it might be predictable that the next month would not be such a good month for the crypto and stock markets and for the investors (and the price may fall below the 40K USD broker). Below, I have just illustrated a schematic chart eliciting my self-opinions regarding the effects of the moving average bars on the Bitcoin price just during the Jan of 2022.
Therefore, after a distinguished increment in crypto price once upon (over the next few days in late third quarter of Jan, 2022), thereafter, it could not be an ideal market for crypto during this Feb. But following the summer we must see a huge difference in the crypto market’s value hopefully.
