Just 5% of clients polled by JPMorgan think Bitcoin will break $100,000 in 2022 😬 Do you agree? 🤔
on Monday, but bounced back and avoided a prolonged stint below this psychologically significant level.at the time of writing on Tuesday — with one analyst telling Bloomberg that BTC has had a "pretty shocking start to 2022."
Worse still, the news outlet went on to note that the first 10 days of January marked the biggest decline at the start of the year since 2012. Sentiment has evolved dramatically in recent months. Back in November, analysts were brimming with confidence that BTC was on the cusp of breakingof clients believe this fabled milestone can be reached by the end of this year — withAlthough this statistic is undoubtedly bearish to say the least, there does appear to be some optimism. Somein 12 months' time — indicating that the current downturn will be temporary to say the least.
Of course, those with long memories will argue that BTC tends to deliver its most explosive price gains when people least expect it. And with the Crypto Fear & Greed Index currently flashing a score of Extreme Fear, now would be an opportune time to do it. All of this comes as Bitcoin shows an exceedingly close correlation with the tech-heavy Nasdaq, which briefly entered correction territory on Monday after falling by more than 10% from an all-time high set in November.
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