Bitcoin brought with it the rise of other cryptocurrencies: ether, binance, litecoin and many more began to circulate since 2017, but nothing manages to dethrone bitcoin as the most popular on the market.
In 2021, after a period of regulations by governments around the world, bitcoin had constant ups and downs. In January it started at US$28,775 and closed 2021 at US$47,902, with a return on investment of 66%. It was even priced at $67,550 on November 7, 2021, but constant regulatory announcements, voices for and against bitcoin, and speculation cause the cryptocurrency to bounce back and crash as soon as its rise is talked about. of value.
In 2022, the Criptonoticias portal points out, the world will continue to see a market with a cumulative trend, which could lead bitcoin to continue to grow in value. A clear example is El Salvador, a country that, in order to convert its economy to bitcoin, accumulated reserves of the digital currency. According to Willy Woo, a renowned analyst quoted by the aforementioned portal, in his first market prediction bulletin he states that long-term holders are in an area of maximum bitcoin accumulation.
This allows us to infer that there is currently a bullish structure in the market. "There are indications that speculative traders have changed their role and are buying BTC instead of selling," the analyst clarifies.
Long-term holders (LTH), those who have held BTC for more than five months, control the majority of the currency.