What Is the Future of Crypto and Bitcoin in Short and Long TermsBitcoin 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 governmental shutdown of the crypto mining networks, potentially might be bearish, not only to the cryptocurrency value but also to the stock market over the early months of the year. Meanwhile, experts analysis proofs long term increments in crypto market price that would just pass 80K USD in near future this year, and then possibly it might hit 110K USD, and much more. 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). But because of vast social stress over the current pandemic that what if probably the CoVid issue affects the Digital Money, and also because, as it was discussed above, the Kazakhstan’s cryptocurrency mining complaints yet threatening the crypto market, 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.
Look at my personal-forecast of the Bitcoin price in short term (The snapshot of the chart of current idea)
Now, after a distinguished increment in crypto price once, over the next days in late third quarter of the Jan, 2022, thereafter, it could be not an ideal market for crypto during this Feb. But following the spring we must see a huge difference in the crypto markets value hopefully.
