Massive Sell-Off Continues for Bitcoin Amid a Global Drop for All Markets. | by Sylvain Saurel | Jan, 2022

The price of Bitcoin has just dropped from $43K to $34K in a few hours. The macro-environment plays at full and massive liquidations have caused the price of Bitcoin to fall sharply. Everyone is now wondering if the $30K support will hold or if Bitcoin will enter a prolonged Bear Market as it did in 2018.

The question is indeed worth asking and to answer this question, I always look at 8 indicators that I detail here: “Is a Bitcoin Bear Market Imminent? 8 Indicators To Watch Closely”.

By looking at these indicators, you will be able to get a more accurate idea regarding this much-feared Bear Market. I say feared here because the feeling is one of extreme fear as in March 2020, when the price of Bitcoin was under $5K, and today it is 7 times higher.

So we need to take a step back and put the current situation into perspective in my opinion. At the time, I was talking about a unique opportunity, and that is still the case today:

Can the price of Bitcoin go even lower? Yes, because anything is possible with a free market that allows investors’ emotions to run wild. The current macro situation is taking its toll and all liquid markets have been hit hard in recent days. Wall Street is also not celebrating with the S&P 500 down more than 12% since the beginning of the year:

The Fed is about to enter a tightening cycle and Wall Street is sending a message: “we don’t want it! Not at this stage at least”. In September 2021, the Fed slowed down its tapering intentions by giving in to Wall Street. We will see if the same will happen here.

To help you better understand the current situation and what’s in store for the price of Bitcoin in 2022, while helping you better understand the issues and challenges of the incredible monetary revolution that is Bitcoin, I suggest you check out the newsletter In Bitcoin We Trust.

Some of you may have already subscribed to it, others may not have known about it. Come and discover it and make your own opinion about Bitcoin.

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