Summer is galloping ahead and before you know it we're once again entering the cold season. Not my favorite season tbh, but part of the weather cycles we live in this area.
The crypto market has its cycles as well and since the end of 2021, we've been in an almost continuous downtrend. For a short time, it seems that the trend has reversed but there's not much certainty regarding that.
Anything can happen in crypto but don't believe everything the experts are saying. A few hours ago someone posted a tweet with both some recent and old news around a couple of JP Morgan sayings. In four years time span the famous investment fund has changed drastically regarding Bitcoin.
Long story short, JP Morgan is no longer anti-Bitcoin.
A lot can happen in this market over a few months period and the world can literally change in just a couple of years during the current times we're living.
Hard to say whether BTC has completed its bear market or not... My personal gut-feeling-inspired take is that we're not even close to a proper bull market, but I believe that the worse is gone now.
The way I see it we're gonna somehow grind "slightly higher" walking away from the "bears woods" for the next few months to a year. I don't see BTC anything close to $50,000 in 2022 but I believe it will be a bit more to the North than where we currently are.
My guess is that we will have a Bitcoin of around $28,000 by the end of the year and a close to $1 HIVE. HIVE is somehow living in a different world than the rest of the market with the Korean pumps, but I doubt these ones will pump it over $1 this year.
What about you, what's your price prediction for Bitcoin and HIVE for the end of the year?
Thanks for your attention,
Adrian