2022 Market Outlook
What will happen to the crypto market in 2022?
To get an idea, we can analyze $BTC, which is the market leader. Right now we are seeing a mid to long-term correction in the form of a flat or ABC wave, that began in January 2021 and could be ending right now, or last until May 2022.
The last subwave of this ABC (the C wave) could be over now, or go all the way down to $29,000 (with occasional bounces) or even $20,000, according to the most common Fibonacci ratios.
Once this corrective wave is over it might rebound and continue in a complex correction (that means more corrective waves) moving in the range between 29000 and below 67000 ath, and I think that will be the range for 2022.
But beware, if after this ABC wave is complete, $BTC manages to overcome the previous ATH in less than two months or so, we would be in a strongly bullish scenario.
Trending for 2022
As for the crypto market in general, I think that 2022 will be the year for DeFi ecosystem to keep growing, with new and more solid DApps appearing compared to those in 2021. But the star of this year will undoubtedly be the P2E and NFT market, which I would bet on to tokens like $MANA, $GALA and others from the same space.
Disclaimer
Please note that I am not a financial advisor and nothing in this post is financial advise. Please always do your own research and never invest more than what you can afford to lose.
This post is intended to participate in #MyCryptoOutlook2022 with #Bityard Contest and giveaway. Through this campaign, Bityard will also be donating to #TheGivingBlock
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