I did expect a sharp bounce back toward $80k; because of war oil prices went up, and everyone expecting inflation, inflation equals money being less valuable, which means bitcoin being higher. So if it wasn't for this war, we would have seen under 65k this month but we have not experienced that yet.
This is why the best we can do right now would be making sure it is not that easy to just put money in there. I would wait some more because this war thing will be old news soon enough and we should be able to see it go down some more.
That is the biggest question mark that people have today. Normally it's the bear market, every four years we have the same cycle, the halving, the bull and then bear all repeat each other, and we were expecting this year to be bear, and it sort has been, we reached from 125k to now 65k or so give or take.
But the expectation was even lower, which is not a bad idea, could still happen, but because of high oil prices, that causes everything else to be more expensive, because everything needs logistics, you do not just get it from farm to your table with teleportation, it's trucks that drive it to shop near you, and that means inflation because of higher prices. So the expectation during inflation is dollar to devalue, and bitcoin to go up. So we wonder, will bear continue, or will we have bitcoin higher?