Bitcoin fell short of $100K target...what about 2022?

[TomPluz]

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.

[Alcor]

It is still difficult to say how the cryptocurrency market will show itself in the already onset of 2022. As always, too much will depend on external factors. But so far there are no special obstacles for the further price growth of bitcoin to one hundred thousand dollars. Much will depend on whether potential investors are willing to invest quite a decent amount in bitcoin when there are so many good altcoins out there.

[cheezcarls]

Expect the unexpected. We all know that most of us here are buying the FOMO when BTC touched to an all-time high of $68k before pulling back further. For 2022, I am still not sure if BTC will finally achieve $100k because there are no promises or guarantees. We can’t predict it very well though, but hopefully it will happen.