Bitcoin in 2022: Anthony Pompliano Pronounces 2022 Predictions

As Bitcoin (BTC) ended 2021 in a dizzying fit and off the common expectations by market analysts, investors feel like they are starting 2022 in intense uncertainty.

That said, prominent crypto investment analysts Anthony Pompliano recently shared his predictions for the crypto industry in 2022, adding that 2022 will change how most investors look at Bitcoin.

Pompliano narrated how BTC adoption occurred in reverse “cohorts,” noting that it started with individuals online and then spread into financial organization circles and traditional corporations and to a sovereign state—El Salvador. The analyst also noted that behemoth Wall Street corporations have become increasingly pressured to consider a Bitcoin strategy, even if they might not find BTC an attractive asset.

Speaking on the price of the benchmark cryptocurrency, Pompliano admitted that the primary cryptocurrency has not made its path clear as uncertainty continues to plague the market.

Additionally, Pompliano addressed a topic that has been on the minds of many analysts—Bitcoin’s mirrored price action with the 10-year Treasury yield. This development remains a source of worry for many investors as it brings more confusion to the asset’s price action. Nonetheless, the analyst noted that more data is needed to put things into perspective on this matter.

Key Bitcoin Levels to Watch — January 2

Bitcoin maintained a directionless bias into the new year. Nonetheless, the benchmark cryptocurrency held its position above the $47,000 support, a good sign for bulls.

That said, I expect a steady bullish recovery over the coming days to the $48,000s. However, the level for bulls to take is the $48,500 resistance, which could kickstart a fresh bullish wave to the much sought-after $51,400 pivot top.

Meanwhile, my resistance levels are at $48,000, $48,500, and $49,500, and my key support levels are at $47,000, $46,000, and $45,000.

Total Market Capitalization: $2.24 trillion

Bitcoin Market Capitalization: $894.7 trillion

Bitcoin Dominance: 39.9%

Market Rank: #1