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After this year’s monster rally, Bitcoin’s price is at a critical juncture. Analysts expect $100,000 in 2022, but what does technical analysis suggest?
Bitcoin (BTC) is likely to end 2021 well below analysts’ target projections of $100,000. Kraken CEO Jesse Powell, who had also projected a $100,000 price target for Bitcoin, still remains bullish in the long term, but he does not rule out a sharp drop in the short term.
One of the negatives that may add pressure to Bitcoin in the short term is the shift in the United States Federal Reserve’s monetary policy. On Dec. 15, the Fed announced that it would wind down its bond-buying program at a faster pace, and it also projected three interest rate hikes in 2022.
More here: https://cointelegraph.com/news/bitcoin-price-fell-short-of-analysts-100k-target-but-what-about-2022
Will it be a self-fulfilling prophecy for Bitcoin this 2022 or will there be some surprises that can be delighting all of who are believers of Bitcoin and cryptocurrency in general? Well, just like any history, only time can tell on what can be and details can be shocking at times.