Key lessons from Bitcoin [BTC] in 2022 and what to expect in 2023

January 2, 2023

By Michael Nderitu

Navigating the world of Bitcoin and cryptocurrencies, in general, has been a rough rollercoaster in 2022. That chapter is now closed and we have now entered into new unchartered territory. Every crypto enthusiast and their dog are now wondering whether 2023 will bring good tidings or whether it will turn out worse than 2022.

While short and long-term projections are common, Bitcoin’s performance in 2022 demonstrated a huge scope of unpredictability. Perhaps a recap of its performance may help put things into perspective. At its current price level, Bitcoin is drawn down by roughly 75.92% from its all-time high.

It is important to take note of where most of this drawdown has occurred. It’s from around November 2021 to the end of 2022. Why is this important? Well, mostly because of the time period in which it occurred.

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