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Topic: Bitcoin 2023, Bullish or Bearish? - page 5. (Read 1494 times)

hero member
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March 04, 2023, 01:54:49 PM
As we have seen there are also more or less unexpected events like that with Silvergate now. The precise impact on the price and overall sentiment can hardly be calculated, but those incidents cause unnecessary trouble in the market on the one hand and also incentivize regulators to take a harsher stand on cryptocurrencies as a whole. As soon as the public gets to hear about it a positive trend might be slowed down significantly.

When you ask whether it is going to be bullish or bearish, I would say it depends. The less multibillion dollar collapses we have in the industry, the better. But we don't really know what situation most exchanges or stable currency providers are in. What we do know is that it is probably often too good to be true.
full member
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March 04, 2023, 08:17:31 AM
Given the historical signals, I would guess that in 2023 we will have a market reset phase, with slight corrections and increasing volatility.  As can be seen, January and February are the basis for believing that.  Meanwhile, the 2024 halving will see many institutions closely watch bitcoin.  Although the economic risk volatility is passing, I think bitcoin will still perform well as the long-term opportunity will be much greater.  I think, 2023 is a period of decentralization in between bulls and bears - a cycle of trend recovery and strengthening of bitcoin's position
hero member
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The Martian Child
March 04, 2023, 07:16:45 AM
This year will be a combination of both bears and bulls. Probably no clear winner since this year is accumulating period for the next year's bitcoin halving. I can see bitcoin reaching a minimum price of $35k this year but I am not sure if it can stay at that price by the year's end as we may be able to touch $19k too. I just expect a lot of swings this year but generally, I will give a slight edge to the bulls considering that this year will be way better than last year. Personally, I am also undecided if I start accumulating altcoins this year or early next year.  
hero member
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March 04, 2023, 06:35:51 AM
Once the halving comes, we won't have a chance to see 2x bitcoin again.
Well, one thing I believe in investment is that at any price one can still easily buy Bitcoin so long as the money is available to do so, I agree with you on the urgency of time for us to accumulate more Bitcoin at the current price,  and also we may unlikely see a $20k bitcoin price.

-The bitcoin halving will certainly change the cause of things,  but the Bitcoin market volatility will continue after the halving so as we are expecting a 2x BTC price, we should also prepare for the likelihood of a -2 BTC price too.
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March 04, 2023, 05:47:58 AM
I think it's clear that we started bullish, but it all depends on that 25k level. If we can break above that level, then we are going to end up with a good return, if we can't break above it then we are going to end up with a bear run probably, or even if it is not a bear run at least a stagnant one where the whole year it will be between a little lower than 20k (above 18k I assume) and under 25k and keep going up and down.

Since I do not believe that bitcoin could stay that stable for a whole year, I support the idea that it will go above 25k without a doubt, but there is no proof of this so I can't guarantee that to anyone at all and advice anyone.

I believe we are still not in a bull run, even if bitcoin crosses $25k, there is no guarantee that it will continue to run up one circuit without a correction afterward. In view of the fact that we are still a long way from the halving, I can sure say that bear season has not yet ended. This year is still the right year to accumulate bitcoin and is the last chance to own cheap bitcoin. Once the halving comes, we won't have a chance to see 2x bitcoin again.
hero member
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March 04, 2023, 04:14:37 AM
Since January of course we are optimistic that in 2023 the market will be bullish, until now the price has not dropped below $ 20k and made me dare to set a target that 2023 will rise again, small tests and tests that are happening at this time are normal and in my opinion they are a good opportunity to buy more before the price goes up.
Now the Bitcoin price is starting to move in place and sideways with no bounce up, but I also still believe that Bitcoin will bounce back up this month as long as more buyers are willing to use the $22K+ price as their buying price. And besides being able to take advantage of the current conditions to buy more Bitcoin, I will also try to keep holding it until a higher price is seen in the market for Bitcoin, because the market is not yet in a bullish state.
legendary
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March 04, 2023, 02:14:12 AM
I am 'bullish" and I think it’s very likely that BTC will continue to rise until the end of the year. On the other hand, I suspect we’re not going to see the price back up to normal levels until the global economy picks back up.

For rest of 2023, I think we’re going to see small incremental gains and possibly some more dips. It will take some time until we see the institutional, governmental and retail traders getting back in and driving the price up. Right now with the state of the global economy we just have to be patient and hold long.
sr. member
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March 04, 2023, 01:48:21 AM
Since January of course we are optimistic that in 2023 the market will be bullish, until now the price has not dropped below $ 20k and made me dare to set a target that 2023 will rise again, small tests and tests that are happening at this time are normal and in my opinion they are a good opportunity to buy more before the price goes up.
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March 03, 2023, 08:24:45 PM
I think it's clear that we started bullish, but it all depends on that 25k level. If we can break above that level, then we are going to end up with a good return, if we can't break above it then we are going to end up with a bear run probably, or even if it is not a bear run at least a stagnant one where the whole year it will be between a little lower than 20k (above 18k I assume) and under 25k and keep going up and down.

Since I do not believe that bitcoin could stay that stable for a whole year, I support the idea that it will go above 25k without a doubt, but there is no proof of this so I can't guarantee that to anyone at all and advice anyone.
Bitcoin could pass the 25k level easily but we need time to wait, the market will form a strong wall above $20k before the next recovery high, I am optimistic in Q2 bitcoin will be higher above $25k based on the assessment of the high recovery over the course of the year, so there is no doubt when bitcoin will reach halving, bullish will come soon and when bitcoin's rise can't be stopped.

In February there was a time when bitcoin crossed $25k but it couldn't stay there and fell after that. Bitcoin hitting $25k this year or in the future is certain. But in the short term, like this month, I am skeptical though I still expect bitcoin to break 25k to conquer higher highs. I predict that since we're not out of bear season yet, there will be some intense shaking this year, which is not surprising, and we should be prepared for those as well.
sr. member
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March 03, 2023, 06:50:37 PM
I think it's clear that we started bullish, but it all depends on that 25k level. If we can break above that level, then we are going to end up with a good return, if we can't break above it then we are going to end up with a bear run probably, or even if it is not a bear run at least a stagnant one where the whole year it will be between a little lower than 20k (above 18k I assume) and under 25k and keep going up and down.

Since I do not believe that bitcoin could stay that stable for a whole year, I support the idea that it will go above 25k without a doubt, but there is no proof of this so I can't guarantee that to anyone at all and advice anyone.
Bitcoin could pass the 25k level easily but we need time to wait, the market will form a strong wall above $20k before the next recovery high, I am optimistic in Q2 bitcoin will be higher above $25k based on the assessment of the high recovery over the course of the year, so there is no doubt when bitcoin will reach halving, bullish will come soon and when bitcoin's rise can't be stopped.
sr. member
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March 03, 2023, 05:03:00 PM
I think it's clear that we started bullish, but it all depends on that 25k level. If we can break above that level, then we are going to end up with a good return, if we can't break above it then we are going to end up with a bear run probably, or even if it is not a bear run at least a stagnant one where the whole year it will be between a little lower than 20k (above 18k I assume) and under 25k and keep going up and down.

Since I do not believe that bitcoin could stay that stable for a whole year, I support the idea that it will go above 25k without a doubt, but there is no proof of this so I can't guarantee that to anyone at all and advice anyone.
hero member
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March 03, 2023, 03:13:28 AM
I believe in history and history will repeat itself, which means 2023 will still be a bear year. But this year will be like 2019, bitcoin will have short-term bull runs like what happened in the first 2 months of the year. And 2023 could be the last year for those who have not bought bitcoin or want to accumulate more bitcoin should take advantage.
Considering this year as a year of opportunities to buy and collect more Bitcoins, I think that's more appropriate. But if this year is considered to be the same as 2019, it seems I disagree a little because history doesn't always repeat itself as we want and it can be the same as the year that everyone has passed. Because Bitcoin is an unstable currency and its price is difficult to predict, even though it is a good asset to buy and invest.

If you are talking about the best time to buy bitcoin during this bear season, it might be last year, but investing this year is not too late, as long as the bitcoin price is below the ATH price, it is always a good investment. 2023 will be the last chance for those who have not had the opportunity to buy bitcoin cheaply.

Do you believe in history repeating itself? I believe history will repeat itself, but each time will have different events or circumstances, history will still repeat itself but will be a little different from the past.
sr. member
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March 03, 2023, 02:37:39 AM
#99
I believe in history and history will repeat itself, which means 2023 will still be a bear year. But this year will be like 2019, bitcoin will have short-term bull runs like what happened in the first 2 months of the year. And 2023 could be the last year for those who have not bought bitcoin or want to accumulate more bitcoin should take advantage.
Considering this year as a year of opportunities to buy and collect more Bitcoins, I think that's more appropriate. But if this year is considered to be the same as 2019, it seems I disagree a little because history doesn't always repeat itself as we want and it can be the same as the year that everyone has passed. Because Bitcoin is an unstable currency and its price is difficult to predict, even though it is a good asset to buy and invest.
legendary
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crunck
March 03, 2023, 12:19:05 AM
#98
I believe in history and history will repeat itself, which means 2023 will still be a bear year. But this year will be like 2019, bitcoin will have short-term bull runs like what happened in the first 2 months of the year. And 2023 could be the last year for those who have not bought bitcoin or want to accumulate more bitcoin should take advantage.
sr. member
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March 02, 2023, 11:31:20 PM
#97
   -   If we look at the Bitcoin Halving countdown, it's still quite a long time because it will happen in the middle of next year. So it is still obvious from what is happening now that we are still in the bear market season.

The only thing crypto traders can do is day trading or scalping and holdings for long terms. Whatever is happening now in the market we do not know although from time to time the value of Bitcoin decreases and increases, but right now it dropped below 22k an hour ago.
hero member
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March 02, 2023, 03:14:52 PM
#96
you said it will be bear , but week after your post here? bitcoin price reacted to 24k and near 25k lol.
and also I may not believe that there will be ATH but I think we can call this as Bull market shorter than 2021.
There is definitely a lot of people who always think that bitcoin will be a bear market. It's either not really knowing much about the markets and the history of bitcoin which is why they are this wrong, or it is about the fact that they do not really know what bear or bull means and they just think we are in the bear market even right now just because price is low, when in fact bear market just means crashing and we haven't been crashing for a while.

We are already not in bear, and we are getting into the bull as well and that should be the key lesson to people who still think that we are doing terribly, we are not, it doesn't have to recover it all, just a bit up means it's all good.

Just arguing with the history of Bitcoin doesn't take into account that there are things going on in the world which nobody could ever predict. We can't know whether in a couple of months from now something will happen that will shake the whole world drastically. Markets will still be there and they will also recover, but asking for a tendency in a specific year is difficult.

Long-term I would say that Bitcoin might even be a safer bet than many other things. Companies can suffer depending on the type of the crisis. Perhaps some go even bankrupt. Bitcoin as a decentralized system for wealth storage won't disappear ever unless the whole planet gets nuked, but then your Bitcoin don't matter anymore anyway... Tongue
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March 02, 2023, 02:14:16 PM
#95
We all have thoughts and according to the current market price i think that very soon BTC will bullish.

Observing Bitcoin's journey in previous years stated that this should have been a bullish year, the changing chart from the beginning of the year gives a sign that Bitcoin's increase will recover this year, it's just that we can't predict accurately, experience in following Bitcoin's journey can only predict according to the graph from year to year, the rest we will see the truth at the end of this year.

I don't know where you get that data, but this year, if we assumed the previous pattern, is that we are still in the bear market. And even if we see some signs of bullishness already like a huge pump in January, still though it's not enough to say that the pattern has been broken.

So don't be excited to see this kind of price increase, we are still in March and many things can happen.

The most important thing is that we should accumulate as much as we can and prepare to hold because the block halving is just around the corner.
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February 27, 2023, 12:45:40 PM
#94
We all have thoughts and according to the current market price i think that very soon BTC will bullish.

Observing Bitcoin's journey in previous years stated that this should have been a bullish year, the changing chart from the beginning of the year gives a sign that Bitcoin's increase will recover this year, it's just that we can't predict accurately, experience in following Bitcoin's journey can only predict according to the graph from year to year, the rest we will see the truth at the end of this year.
sr. member
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February 27, 2023, 11:45:50 AM
#93
At start of the recent year the market was bullish but now its faces slight dump so here no one have any experience about the bullish and bearish because its suddenly changes so the price of BTC is closely related to the price of market. 2023 is the year in which there will sometime a condition in which you will see that the market is bullish but after sometime the situations will be different and there will be slight dump in all coins prices.

In the end of the year what will happen is totally unpredictable so we can just estimated but don't know that what will be the future of selected coin. We all have thoughts and according to the current market price i think that very soon BTC will bullish.
legendary
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February 24, 2023, 04:18:24 AM
#92
you said it will be bear , but week after your post here? bitcoin price reacted to 24k and near 25k lol.
and also I may not believe that there will be ATH but I think we can call this as Bull market shorter than 2021.
There is definitely a lot of people who always think that bitcoin will be a bear market. It's either not really knowing much about the markets and the history of bitcoin which is why they are this wrong, or it is about the fact that they do not really know what bear or bull means and they just think we are in the bear market even right now just because price is low, when in fact bear market just means crashing and we haven't been crashing for a while.

We are already not in bear, and we are getting into the bull as well and that should be the key lesson to people who still think that we are doing terribly, we are not, it doesn't have to recover it all, just a bit up means it's all good.
A bear market doesn't mean there isn't an upside in bitcoin it's just that the price action is sad to watch, days may turn red in a market moving at stagnate prices and below the long-term average price meanwhile and fairly low capitalization.
bull and bear is just a naming term and everyone can have an opinion and express it regarding the wrong or right prediction, that is a natural thing because until today no one can predict the market correctly.

Maybe in 2023 we will slowly crawl for price improvement and return to the next bull run phase.

The next bull run phase should happen right after the block halving, and so this year, unlikely to see the price going to be very positive although there could be some bullish run just like last month wherein we bounce to a 40% increased.

So the best approach is to just be calm I guess and maybe buy bitcoin as we go this bear market.

Remember as I have said, bull run is right after the block halving, so it's better to save now than later.
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