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Bitcoin may hit $14K in 2022 but buying BTC now ‘as good as it gets:’ Analyst

Bitcoin right now is a no-brainer investment for willing buyers, argues CryptoQuant contributor.
Bitcoin (BTC) faces a “cycle bottom” this year in which it could drop over 50% from current levels, research claims.In a Twitter thread on June 1, Venturefounder, a contributor at on-chain analytics platform CryptoQuant, forecasted 2022 as Bitcoin’s year to “capitulate.”Bitcoin now has “best 3-year ROI ever”Based on historical patterns involving Bitcoin’s halving cycles, this year should be the bearish black sheep of the current four-year cycle, Venturefounder wrote.Just like 2018 and its bear market, BTC/USD should find itself a macro floor at some point in 2022, and whcalculating previous dips from all-time highs, this could be anywhere between $14,000 and $21,000.“670 days until the next Bitcoin halving, we are on time to BTC performance comparing to past cycles,” one tweet explained:“In the next 670 day

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We współpracy z: https://cointelegraph.com/news/bitcoin-may-hit-14k-in-2022-but-buying-btc-now-as-good-as-it-gets-analyst

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