Bitcoin Outlook 2022

BitcoinBitcoin
$23,909.76
‑0.18%
self.Bitcoin7d ago
In 2022 there will be a strong correlation between Bitcoin and The American Stock Exchange, S&P500\*, and the technological NASDAQ index\*. The stock index correction was the FED's decision to increase the rate and tighten monetary and credit policy due to rising inflation in U.S. economics. This measure ended up making government securities fixed in dollars more attractive. Thus, investors started to drive their funds out from the risky assets, stocks, and cryptocurrencies. The Bitcoin fall is still continuing. As Bitcoin acts as a guide for the whole crypto market, the biggest part of altcoins is showing a long-term increase, as well.  https://preview.redd.it/u0tffxogtuf91.png?width=512&format=png&auto=webp&s=9ea39b657a2192d4023f22eb10430ce9cb62e566 **\*S&P500** is a stock market index monitoring the performance of 500 large companies listed on stock exchanges in the U.S. ***\*NASDAQ*** *index is a stock market index that includes almost all stocks on the Nasdaq stock exchange.* Today 25 May 2022, Bitcoin is around $30 000. If we look at the Bitcoin chart, we'll see that we are in the global support zone in this particular. Tracing the same trend in January, February, June, and July 2021, there were purchasings and the creation of accumulation zones by market players. This situation shows mechanized buyings in the given price zone. Long candle tails tell us about the automatization of purchasing. Automated trading is performed by trading bots or limit orders for definite price trades.  ​ https://preview.redd.it/qb9hkyphtuf91.png?width=512&format=png&auto=webp&s=dc1900dd3c9357d3c1519219df4790945b138937 The correlation of Long (the green one) and Short (the red one) positions on a weekly chart shows an inflow of buyers within the particular price bar.  ​ https://preview.redd.it/wdxxhcbituf91.png?width=512&format=png&auto=webp&s=a5a5e0260e20d583287b0242fd8da3f2496be2b4 This tendency is proved by the top 101 richest addresses buying Bitcoin with cautious optimism. ​ https://preview.redd.it/7yq3055jtuf91.png?width=512&format=png&auto=webp&s=43b1613f41c81a10937e68707c11a29b00c27184 According to the diagram that uses the analysis of nodes chain for defining periods when Bitcoin is overpriced or, on the contrary, undervalued regarding its 'fair price' on-chain indicator MVRV Z-score shows that we're close to the historically green zone where the beginning of the uprising Bitcoin cycle is formed.  https://preview.redd.it/glnwd4vjtuf91.png?width=512&format=png&auto=webp&s=74fd583f7c3e423eda7050ad6e1c9bad0d526947 ### Positive factors for Bitcoin in 2022 The acceptance of Bitcoin as a payment method in Salvador. Today, the amount of crypto wallets of Salvador citizens overpasses the number of their bank accounts.  The USA is discussing possible perspectives of the Bitcoin integration into the USA economic system. There also appeared a serious interest in The overcame 70% bar. Such an interest could be explained by positive forecasts for market growth and to protect their own reserves from inflation. Traditionally, in such situations, it was gold. The U.S. Securities and Exchange Commission, SEC, accepted ETF trading by exchange-traded funds. That makes Bitcoin more available for smaller investors.  Source - [https://simplehold.io/blog/article/bitcoin-outlook-2022?utm\_source=social&utm\_medium=reddit&utm\_campaign=education\_post](https://simplehold.io/blog/article/bitcoin-outlook-2022?utm_source=social&utm_medium=reddit&utm_campaign=education_post)