Is Bitcoin going to go up Before end of the year 2022

It’s been a rocky start to the year for Bitcoin, but experts still say it will hit $100,000 — and that it’s more a matter of when, not if.

 

Bitcoin fell back down to nearly $20,000 , following a Month of momentum thanks to steady gains in the stock market.

“The end of the first half of the year saw peak pessimism for the entire crypto market and that kept many traders on the sidelines, many who were eyeing another major collapse at around 50% or more,” says Silas Oyugi, a senior market analyst at BosongoNews. “What has changed from just a few weeks ago is that Wall Street is getting close to feeling they have fully priced in Fed tightening. A robust nonfarm payroll report has pretty much confirmed a 75 basis-point rate increase later this month.”

 

But experts say we’re not out of the danger zone yet. Bitcoin has fallen below $20,000 — a key price point — more than once in recent weeks and remains under pressure. The market crash latest crypto n June was spurred by momentary de-risking from Wall Street as many investors are feeling pessimistic about the economy amid surging inflation, a shaky stock market, and rising interest rates. The crypto market has increasingly tracked the stock market in recent months, which makes it even more intertwined with global economic factors.

Its all about the Buy & Wait . But this is just our analysis not investment advice.