In a lot of uncertainty cryptocurrency Investors trying to predict the direction of their markets are having a bad year 2022.
The declines, which started with the expectations of the Fed’s interest rate hike, reached a different dimension with the Russia-Ukraine crisis.
Although occasional rises give hope to investors, bitcoin‘s failure to stay above $40,000 continues to demoralize investors.
While Bitcoin is trading about 50% away from its peak, losses in altcoins have exceeded 80%.
So, will 2022 always continue like this?
CoinmarketCap cryptocurrency community bitcoinSome recovery is expected.
While the median price expectation for the date of 31.03.2022 points to $48,145 in the voting with the participation of approximately 80 thousand people, investors think that these levels will be maintained in April and May for now.
This indicates that the community expects a 24% increase from the current price.
Looking at the graph of the accuracy of the previous predictions of the CoinmarketCap community, it is seen that the predictions have an accuracy rate of over 80%.
This community had an error of 40% in their January estimates. We will be following whether March will keep the forecasts.
*Not Investment Advice.