Bitcoin 2023, Bullish or Bearish? - page 10.

cryptosize

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Quote from: Why you bully me on February 02, 2023, 10:20:14 AM

Quote from: cryptosize on February 02, 2023, 09:38:47 AM

Bullish till June, then bearish till the next winter.

why

2023 is almost exactly like 2019 if you look at the charts. BTC back in 2019 pumped till June (@13k) and then it went down to 4-5k in March 2020.

There's a chance the 2023-2024 winter will be really harsh in Europe (unlike the current mild winter), which could potentially spur a new crisis (akin to COVID/March 2020 meltdown) if LNG reserves are depleted...

Either way, I believe 2023-2024 will be an excellent period for accumulation/DCA (if you're into that). 5-digit BTC is considered cheap. 4-digit BTC is a thing of the past, we'll never see that again.

By 2025 Bitcoin's price will have risen to 6 digits, so I would stop BTC purchases by late 2024 (just before the US elections and FED's new climate-driven QE).

ethereumhunter

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Quote from: Why you bully me on February 02, 2023, 08:18:22 AM

Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? I would love to hear why. I personally believe this is a bear market rally or something similar. Kiss

We have seen that bitcoin has had a good rise in the past 2 months and now, it looks like the price of bitcoin wants to break through another $24k. Maybe overall, the bitcoin market is still bearish because the price is still under $30k. However, if we look at the bitcoin price movement, there is a recovery phase that is still ongoing and it is possible that this year, the recovery phase will get stronger ahead of next year's halving. If you have invested in bitcoin in the sense that you only buy and store, you can continue what you have done up to a certain price limit or a certain period. After that, you just have to be patient and wait for the price to penetrate the last ATH price, then you can sell bitcoin to take profit.

Why you bully me

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Quote from: cryptosize on February 02, 2023, 09:38:47 AM

Bullish till June, then bearish till the next winter.

why

cryptosize

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Bullish till June, then bearish till the next winter.

bettercrypto

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Quote from: Why you bully me on February 02, 2023, 08:18:22 AM

Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? I would love to hear why. I personally believe this is a bear market rally or something similar. Kiss

Maybe when the price of bitcoin plays constantly between 22k$-23k$ until June 2023 it can be said that we are still in a bearish season, but if the price value of Bitcoin goes beyond that then it may be a sign that we are gradually entering the Bullish season. That's why it's better than anyone accumulates bitcoin little by little like I do while it's still early.

Because let's just remember that the market is volatile, we don't know and no one knows when its price value will increase and decrease in the market.

BlackHatCoiner

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Farewell, Leo

I'm constantly bullish on bitcoin, because it's been proved an excellent capital appreciation machine. You just buy it, wait for a minimum of 3 years, and then you start seeing profit. Even a person who bought at the pick of December 2017, and who didn't decide to sell on the 2021 bull run, enjoys profit.

Convince yourself it's a desired asset, and add the fact that it has a steady supply schedule, and you're done. The combination rocks. Find me another asset with such feature.

Maestro75

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Bitcoin has remained bullish for years if you follow the charts. Even when we think it is bearish, it is still bullish from the chart since it was created. I hope you understand me. There is no year that bitcoin has clearly been bearish or bullish. There is always a mixture of the both, bearish and bullish. My assessment of it this 2023 is that it will do more of bull than bear, we can feel that already starting in January. I want to see more of price rise in February than what we found in January, and more in the rest of the months this year. That is my position.

Oshosondy

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Quote from: Why you bully me on February 02, 2023, 08:18:22 AM

Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? I would love to hear why. I personally believe this is a bear market rally or something similar. Kiss

Bullsih or bearish, this is still the best time to accumulate.

Quote from: elevates on February 02, 2023, 08:26:31 AM

I think it will neither be bearish nor bullish. It will remain sideways and continue to do that with some gain until the next halving.

It would be busslish and bearish, but in total it would be bullish, this year started with less $20000, but I expect bitcoin to be more than $20000 as next year come.

Z-tight

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I believe you should move this topic to speculation since it is not a discussion about BTC in itself, but about speculations on BTC's price.

2023 has started well, last year many events happened such as centralized services collapsing and economic problems which contributed to keep BTC price down. The year just started and it is difficult to predict too far-off, we have to wait and see what events happen this year to know if it will continue in a bullish way or be bearish.

elevates

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I think it will neither be bearish nor bullish. It will remain sideways and continue to do that with some gains until the next halving. If you are not aware of when the next halving will happen then it is scheduled to happen next year. I am expecting a good bull run after the halving.

Till 2019 Bitcoin somewhat was following the cycle of 2017 when we saw for the first time a big ATH. After 2019 it did not follow that same cycle but after the last halving it took some months then we saw a big bull run. I am confident we will see the same cycle next year or in 2025. We should be happy that Bitcoin never went down in 2022 or 2023 as it did in 2018.

Why you bully me

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Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? I would love to hear why. I personally believe this is a bear market rally or something similar. Kiss

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