Wild btc volatility lately, wonder where to if Russia invades? From 44k to 37 in less than a week. https://www.cnbc.com/quotes/BTC.CM= "The Russians are coming!" Watch Putin create a 'Victory with Vlad" NFT lol
Well, inflation, nasdaq collapse, war, etc all opportunities for bitcoin to prove to be a store of value, but it has failed. I think if nasdaq continues to fall, bitcoin will do the same(low $20Ks and maybe $10K)
Below 30k I'd say around 20-22k. If things completely fall apart, there is an area down on a larger chart of 12850-15000 ish, that would be where BTC would look to stabilize for at least some time for a pop up, even if it eventually goes lower. IMO, for what it's worth if BTC trades below 12850, than likely means things in the markets are going to be super ugly as well. Of course doesn't have to mean that and BTC / Markets could decouple, but if BTC trade below that...things probably won't be going so well for world economy.
BTC and all Crytpo has never seen anything but relentless money printing from The Fed and global central banks.
Crypto has a lot of catalysts for explosive growth this year. However, the Nasdaq tech-wrek is forcing a lot of rotations out of crypto in order to meet margin-call requirements.
It may not work for everyone, but I found this cycle repeat chart of great benefit in timing. https://stats.buybitcoinworldwide.com/cycle-repeat/
If the conversion of ETH to PoS is delayed by another 6 months, then it may be worth the gamble to wait until 2023 But if they manage the upgrade before then, those who waited too long will risk being priced out by then. Good luck guys...