In summer 2021, Bitcoin rallied 50% from its bottom at $30K — can it repeat the trick in 2022? Let's check out! 👇 By CMCAlexandria Author: TheCoinPope1 editor: YousraAASheikh
has continued to accumulate Bitcoin and is far from done, according to its own plans.
Unfortunately for bulls, the bears have a lot of good reasons to feel supremely confident about their prospects for a Bitcoin bear summer 2022.horse has been beaten to death at this point. Still, it's the number one trump card bears can play, asin recent months. This is bad for Bitcoin for two reasons:Inflation may or may not have peaked, and the suspense is not doing Bitcoin any good.
However, this increasing correlation shows that Bitcoin is still a long way from being the inflation hedge its proponents want it to be. If tech continues its correction and Bitcoin follows, it will likely have a knock-on effect on its perception as an inflation hedge.Continued Dollar Strength
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