Bitcoin 2023, Bullish or Bearish? - page 6.

Dickiy

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Quote from: justdimin on February 21, 2023, 03:05:15 AM

Quote from: Reatim on February 20, 2023, 10:00:43 PM

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.

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Quote from: Reatim on February 20, 2023, 10:00:43 PM

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.

Reatim

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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

why not make this thread as POLL ? since you are asking completely either BULL or BEar 2023?
and 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.

Quote from: Lubang Bawah on February 17, 2023, 08:47:39 PM

The good news and fact is that this week the price has risen by more than 13%, of course this makes us optimistic that 2023 will be bullish, if we observe in 2021 then the beginning of the year has also increased significantly, and prices have continued to skyrocket until the end of the year reaching almost $ 70k, unfortunately in 2022 there are many scam cases that create panic in the market, and when the price is at the bottom then the next year or now will be bullish again.

actually this also happened early February mate that the price of bitcoin raises double digit .

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Quote from: bestcoins1 on February 17, 2023, 10:50:24 PM

Quote from: yudi09 on February 17, 2023, 06:41:32 AM

The opportunity to cross the $24K price has already happened because the $25K price has already been touched. We can say that the price that is currently being traded is a very supportive price to touch the price above $25K again. Nonetheless, we dare not speculate that it will reach a new ATH this year given that the sales ratio is still high. In my opinion, the high sales ratio is one of the initial assumptions behind the price drop from $25K to $23K.

Increasing the price of Bitcoin in the market is always colored by corrections, because Bitcoin is always traded by many people in the market where traders really like corrections and increases because they will always hope to offset the profits they can get every month.

It's not even a big correction after Bitcoin hit $25K yesterday. In a local discussion I said that the drop in Bitcoin price from $25K to the current price could be due to the high sell-off ratio. It is possible that traders placed sell orders at $25K considering they probably bought at $18K to $20K.

They (traders) must like the situation of Bitcoin prices in a corrected state because it can be used to buy back in larger quantities. Not only big investors, but personally I also want the same thing for long-term investment.

Quote from: bestcoins1 on February 17, 2023, 10:50:24 PM

And I personally also can't overly speculate on new ATH on Bitcoin as the distance from $25K to $70K as @19Nov16 said still looks like a long way for Bitcoin to go this year.

Regarding the new ATH, I also wouldn't say it will happen this year.

bestcoins1

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Quote from: 19Nov16 on February 16, 2023, 06:03:12 AM

If we pay attention to the trends that have occurred until now then we are sure that 2023 can be bullish, today the price has risen by more than 10% and away from $ 20k, maybe tomorrow the price can touch $ 25k and will continue to rise because many will panic immediately buy, even reasonable if this year the price can make new ATH at $ 70k level.

A price of $25K has already been touched by Bitcoin this month, but if you think Bitcoin is going to make a new ATH this year at $70K, it seems a bit tough to materialize this year on Bitcoin. Because it's not always possible for people to panic buy continuously throughout the year, after all I still firmly believe that some people bought Bitcoin at $20K earlier this year. Some of these people will definitely sell it when they see the Bitcoin price is at $40K or at $50K to take profits that are already so good before their eyes and maybe they will no longer remember the ATH that Bitcoin has achieved.

Quote from: yudi09 on February 17, 2023, 06:41:32 AM

The opportunity to cross the $24K price has already happened because the $25K price has already been touched. We can say that the price that is currently being traded is a very supportive price to touch the price above $25K again. Nonetheless, we dare not speculate that it will reach a new ATH this year given that the sales ratio is still high. In my opinion, the high sales ratio is one of the initial assumptions behind the price drop from $25K to $23K.

Increasing the price of Bitcoin in the market is always colored by corrections, because Bitcoin is always traded by many people in the market where traders really like corrections and increases because they will always hope to offset the profits they can get every month. And I personally also can't overly speculate on new ATH on Bitcoin as the distance from $25K to $70K as @19Nov16 said still looks like a long way for Bitcoin to go this year.

Lubang Bawah

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The good news and fact is that this week the price has risen by more than 13%, of course this makes us optimistic that 2023 will be bullish, if we observe in 2021 then the beginning of the year has also increased significantly, and prices have continued to skyrocket until the end of the year reaching almost $ 70k, unfortunately in 2022 there are many scam cases that create panic in the market, and when the price is at the bottom then the next year or now will be bullish again.

yudi09

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Quote from: 19Nov16 on February 16, 2023, 06:03:12 AM

If we pay attention to the trends that have occurred until now then we are sure that 2023 can be bullish, today the price has risen by more than 10% and away from $ 20k, maybe tomorrow the price can touch $ 25k and will continue to rise because many will panic immediately buy, even reasonable if this year the price can make new ATH at $ 70k level.

The opportunity to cross the $24K price has already happened because the $25K price has already been touched. We can say that the price that is currently being traded is a very supportive price to touch the price above $25K again. Nonetheless, we dare not speculate that it will reach a new ATH this year given that the sales ratio is still high. In my opinion, the high sales ratio is one of the initial assumptions behind the price drop from $25K to $23K.

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Quote from: letteredhub on February 17, 2023, 01:16:30 AM

There's a high expectation by many traders to experience a bull run by the end of 2023 or at most 2024 and this has strengthen their resolute to keep on the HODL much longer but what I have not come to comprehension with is what's the rationale behind this strong believe by many traders that 2024 is gonna be a big bull year. Cause the expectation was same about 2023 while we were just entering into the year 2022.

Maybe most traders just believe that after the big decline in 2022, the next year there will be a bigger increase and it starts from this year. I've also seen Bitcoin pass over $25K even though it immediately corrected again, but that's good enough for those who still hold Bitcoin and still believe in the next upswing in Bitcoin. Although this expectation is still not necessarily true because price drops can still occur in Bitcoin.

passwordnow

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Quote from: salad daging on February 16, 2023, 02:52:34 PM

Quote from: passwordnow on February 16, 2023, 02:40:04 PM

Recognizing how the movements are these days is really there. But I don't want to be confident that this is what we really want. I know that we are for recovery but I think it's just something else when we think about the good times.
There's more to it but yeah, this might be the start of it and hopefully, it goes to the point that until the next halving, we're seeing an increase little by little as sign of the market's bullishness.

We are happy to see that bitcoin's current movement will be positive which is where the market trend is happening although we don't really expect anything more when bitcoin has broken through the $25k level but it is hopeful that the bullishness will really start from now on as a sign of an increase now so there is hope that bitcoin will keep moving again.

When the bitcoin was $25k we were of course happy but would not sell any bitcoin holdings that have been built up, just pleased that the market has started to fluctuate in the next few days and when hope comes we are prepared for it.

We'll see the next target guys.

IMHO, any price increase that might come won't satisfy us in selling. We want more of the market and the price of bitcoin should be back to at least more than $30k before someone finally sells which is likely half or near 50% from the last ATH.
It all depends on how we look at the market but the majority of us will just need to be more patient until we finally see a better and higher price. All of the movements now are good really perhaps, those that were satisfied when it touched $25k have sold.

letteredhub

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Quote from: Oshosondy on February 02, 2023, 08:34:09 AM

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.

There's a high expectation by many traders to experience a bull run by the end of 2023 or at most 2024 and this has strengthen their resolute to keep on the HODL much longer but what I have not come to comprehension with is what's the rationale behind this strong believe by many traders that 2024 is gonna be a big bull year. Cause the expectation was same about 2023 while we were just entering into the year 2022.

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Quote from: Maslate on February 16, 2023, 07:10:54 AM

Bitcoin is starting to show some bullish signs, having suddenly surged today and almost reaching the $25k mark. This is great news for the market, as it may convince the doubters to come back. The market has been bearish for a while now, but I believe that a bullish market will come as a surprise once again. Achieving a new all-time high is not an easy feat, but a bullish market can make it happen sooner.

Good times are ahead, so brace yourselves, guys. This may be the moment we've all been waiting for.

I don't really expect to be bullish, but I do expect a fairly deep recovery after a correction over the course of 2022. January 2023 to date, bitcoin price has been pretty good at finding a recovery as today we have broken through $25K for the first time since $15K was touched. This is a great moment for us to experience, and a recovery like this was to be expected.

Some people think that the bullishness has been confirmed, so it is time to see how the value of the investment portfolio gets better. Unfortunately $25K didn't last long, and now it's priced between $24.5K - $24.7K. I expect price to close above $24.5K today and that to support more movement in the next day.

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Quote from: passwordnow on February 16, 2023, 02:40:04 PM

Quote from: Maslate on February 16, 2023, 07:10:54 AM

Good times are ahead, so brace yourselves, guys. This may be the moment we've all been waiting for.

Recognizing how the movements are these days is really there. But I don't want to be confident that this is what we really want. I know that we are for recovery but I think it's just something else when we think about the good times.
There's more to it but yeah, this might be the start of it and hopefully, it goes to the point that until the next halving, we're seeing an increase little by little as sign of the market's bullishness.

We are happy to see that bitcoin's current movement will be positive which is where the market trend is happening although we don't really expect anything more when bitcoin has broken through the $25k level but it is hopeful that the bullishness will really start from now on as a sign of an increase now so there is hope that bitcoin will keep moving again.

When the bitcoin was $25k we were of course happy but would not sell any bitcoin holdings that have been built up, just pleased that the market has started to fluctuate in the next few days and when hope comes we are prepared for it.

We'll see the next target guys.

passwordnow

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Quote from: Maslate on February 16, 2023, 07:10:54 AM

Good times are ahead, so brace yourselves, guys. This may be the moment we've all been waiting for.

Recognizing how the movements are these days is really there. But I don't want to be confident that this is what we really want. I know that we are for recovery but I think it's just something else when we think about the good times.
There's more to it but yeah, this might be the start of it and hopefully, it goes to the point that until the next halving, we're seeing an increase little by little as sign of the market's bullishness.

Franctoshi

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Bitcoin just broke out a bit above $25k resistance level, and it really a good sign and this will be regard as a very healthy movement for the entire crypto market because this pull back exactly touched the ATH resistance line and FTX collapse level that recently just got smashed, which is now acting as a support zone. This could now be seen as a break out confirmation if we get a daily candle closure above $25k and if the market is able to hold that level, Then base on technical point of view , $30k should be our next level of residence to watch.

Emitdama

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Not many people understand that anything good looking is still a benefit for all of us and doesn't need to break ATH price.

Like for example we were under 20k price for a few months, now we are over 25k price and that is good enough, that is something we should be happy about, I understand that it went up and stopped which made some people upset because they wanted to see it keep going higher and higher, but the reality is that we shouldn't be really worried about it and we should be focusing on a lot more towards just the happy thoughts about what has happened already and that should be more than enough, I know it doesn't sound like a great deal and all, but it is a great one and I think we should all be happy about it.

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Quote from: inthelongrun on February 16, 2023, 07:00:11 AM

There will be a lot of swings this year. But generally, I am bullish on bitcoin. We may reach $45k this year but I am not too confident that it will also hold that long since in the past it is always the year of the halving and its next year. So this year will be better than the last year which was the year of the correction. This year is an accumulation and of course, some traders might dump their holdings if a big upward swing happens and then buy back when it is down again. One thing I am confident about is we aren't going to see that $15k bitcoin price again this year.

Bitcoin price shows a good direction at this early year if this movement continues we can finally say where in bullish mode, however we can’t still deny the fact that there are economic problems happening in different countries, war, inflation as well losses of job so we can’t guarantee if the price increase in bitcoin will continue so we will need to monitor it closely and see for ourselves if we have some holdings if we can trade it or still hold on to it till the market fully recover.

STT

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Bullish right now, good reaction to Fib level and strong above 12hr average for some time now which makes it very strong action sustaining with only a quick pullback so far.

Negatives or negative action downwards to oppose price right now is the 50 week and 200 week moving average almost exactly in this area. If BTC price action can build above 24.5k then 30k as a target is quite probable, we dont always get to say 25% gain is possible near term so thats bullish for sure.

A cynic would say we must pullback harder, to confirm the break of negative trend of 2022 but when or if is not definite imo.

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Quote from: Maslate on February 16, 2023, 07:10:54 AM

Bitcoin is starting to show some bullish signs, having suddenly surged today and almost reaching the $25k mark. This is great news for the market, as it may convince the doubters to come back. The market has been bearish for a while now, but I believe that a bullish market will come as a surprise once again. Achieving a new all-time high is not an easy feat, but a bullish market can make it happen sooner.

If this month continues to be very bullish, then we can say that it's 2/12 for now. And so we still have a lot of months to look for, whether the trend will continue or there will be another downtrend trend or at least sideways in the next quarter.

Quote from: Maslate on February 16, 2023, 07:10:54 AM

Good times are ahead, so brace yourselves, guys. This may be the moment we've all been waiting for.

I think we should wait though, I mean if we are looking for a bullish and new all time high then it is still very far. As the bitcoin halving will have to happen around May of next year because we can see good times. Again new all time high of most likely 6 digits are waiting for us all.

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Quote from: Maslate on February 16, 2023, 07:10:54 AM

Bitcoin is starting to show some bullish signs, having suddenly surged today and almost reaching the $25k mark. This is great news for the market, as it may convince the doubters to come back.

I don't think small price movements like this causes FOMO and makes people to rush in to buy Bitcoin, no, imo it doesn't. People start to FOMO and rush to buy Bitcoin when the bull run starts in earnest and the price is absolutely racing, that is when they think about the profits/ROI they can make/accrue if the upward trend continues, and they start to buy out of FOMO; but you see fairly stable price movements like this, it is only those who well and truly understand how Bitcoin works that would take advantage of it.

Quote from: Maslate on February 16, 2023, 07:10:54 AM

Good times are ahead, so brace yourselves, guys. This may be the moment we've all been waiting for.

If the moment is an upward trend until the next ATH, then i would say we are pretty far from that moment at this time as the halving would have to happen before that.

Maslate

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Bitcoin is starting to show some bullish signs, having suddenly surged today and almost reaching the $25k mark. This is great news for the market, as it may convince the doubters to come back. The market has been bearish for a while now, but I believe that a bullish market will come as a surprise once again. Achieving a new all-time high is not an easy feat, but a bullish market can make it happen sooner.

Good times are ahead, so brace yourselves, guys. This may be the moment we've all been waiting for.

Topic: Bitcoin 2023, Bullish or Bearish? - page 6. (Read 1494 times)