As 2022 progresses, fear sentiment reigns with Bitcoin hovering around $47K bitcoin BTC
& Greed Index's measuring"fear" seems to suggest that Bitcoin traders may have kicked off 2022 with cold feet. Bitcoin begins its first week of 2022 hovering around the $47,000 mark.The crypto index, which indicates the market's sentiment, has remained in the ''fear'' territory since 2022 began. Owing to earlier volatility, Bitcoin closed December down 18.91% at $46,211, thus marking its third red December since 2017.
Although 2022 kicked off on a relatively mixed note in terms of price action, bullish predictions are still in place. On Jan. 2, El Salvador President Nayib Bukele shared six bullish predictions on Bitcoin for 2022. President Bukele predicts that two more countries will join El Salvador to adopt Bitcoin as legal tender. Also, he predicts that the BTC price will reach the much-coveted $100,000 mark in 2022.
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