Bitcoin (BTC) has had a meteoric rise since March 2020 rising from around $3000 to around $69 000 in the last quarter of 2022. The price has since falling around 35% and is trading at $41 809 as of 10 January 2022.
The question which has been on everyone's mind is whether the bull market will continue or it will be the start of a bear market. Many analysts seem to believe that for bull market Bitcoin must reclaim $60 700. and hold $40 000. Losing $40 000 could see Bitcoin testing $30 000.
NB: This information should not be taken as financial advice.