At the beginning of this Thursday, 20th of January 2022, Bitcoin started to fall down immensely. Fall caused the panic sales and huge correction that is still ongoing. Currently, Bitcoin has lost 35% value since Thursday.
According to analysts, this drop can continue for days or even weeks until the correction ends, to get a clear view, we must see the weekly close for Bitcoin so we can at least have an idea about what is going to be happening for the next months.
On the 20th of January 2022, Bitcoin’s value was, 43400$ but currently, it is 34700$. According to the Fear and Greed index, the market is in extreme fear with 13 out of 100. This is a sign of panic-sells, but it is expected that opportunity buys will come into the market sooner or later.