How will 2022 affect bitcoin's price?

2022 marked the start of a new “crypto winter,” with high-profile companies collapsing across the board and prices of digital currencies crashing spectacularly. The events of the year took many investors by surprise and made the task of predicting bitcoin’s price that much harder.

What happened to bitcoin in 2021?

As retail investors poured into markets and the Federal Reserve kept printing money, assets continued to inflate. Bitcoin hit $40,000 a week into 2021, $50,000 in February 2021 and $60,000 in March 2021.

Is bitcoin's price journey smooth?

But Bitcoin’s price journey has been far from smooth. The original digital currency has experienced many violent dips and pumps. Let’s take a closer look at the ups and downs of Bitcoin’s price history.

Will bitcoin's price drop to $13,000 in the coming weeks?

In a Nov. 9 research note, JPMorgan analyst Nikolaos Panigirtzoglou and his team predicted the price of bitcoin would slump to $13,000 “in the coming weeks.” They had the benefit of hindsight after the FTX liquidity crisis, which they said would cause a “new phase of crypto deleveraging,” putting downside pressure on prices.