HODLers Willing To Ride Out The 2022 Bitcoin Storm Is A Promising Sign

0

Last Updated on 20 January 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
View all posts

So far, 2022 has not been kind to crypto or tech investors. The Nasdaq is currently in correction territory, Cathie Wood’s ARK fund is sinking and Bitcoin and other cryptocurrencies are not really going anywhere but sideways or down.

However, analysts claim that the price stability shown by Bitcoin in these last few weeks is a promising sign. It shows that more and more crypto investors are actually turning into HODLers willing to accept that whales will do the trading and they will ride out the storm, knowing (and hoping) that in the end Bitcoin will always rise in the long term.

Advertentie.

Fear and Greed

Noelle Acheson of Genesis Trading claims the HODLing is a very bullish sign, stating:

The number of bitcoins that haven’t moved in over a year has been climbing since July. That’s pretty staggering.

Others have their eye on the Bitcoin Fear and Greed Index, which is showing quite a fearful crowd for the moment. Will Hamilton, head of trading & research at Trovio Capital Management said that:

Previous market bottoms in July 2021 and March 2020 correlated with Fear and Greed scores of 19 and 10 respectively.

Well if Bitcoin is anywhere ready to break out in the spring of 2022 like it did back then, the HODLers are in for a lot of fun indeed. For now, all we can do is wait apparently. Wait and HOLD.

makidotvn / Depositphotos.com