Even though Bitcoin has always been one of those cryptos that have soared high even during the worst market phases, its lessening market capacity has got investors to look for other cryptos for investment.
The value of Bitcoin became even bigger than the value of the Ruble, the Russian fiat currency.
Experts have said that since Bitcoin is the only decentralized currency that became a legal tender, unlike altcoins that are mostly involved with centralized agencies owned by organizations, Russians can use it to evade Western sanctions, and can save the country from a massive financial predicament.
According to research conducted by Goldman Sachs, the US Federal Reserve is due to four interest rate hikes in 2022, and if it plays out well, it might equate to at least four more fearful corrections in the crypto market.
Well, to simply answer the question, it is quite impossible to predict if Bitcoin will have a price rally or it will continue to fall since it all depends on investor sentiments.