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

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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.

I’m reposting this chart, as I tweeted this earlier.

The market is in BUY territory.

So stop complaining about a further drop or any paper losses on your portfolio.

Start getting more income to put into assets to invest.

The market isn’t over.

Definitely not.#Bitcoin pic.twitter.com/NYXSiWfZLz

— Michaël van de Poppe (@CryptoMichNL) January 19, 2022

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