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Topic: Bitcoin 2023, Bullish or Bearish? - page 7. (Read 1428 times)

hero member
Activity: 1694
Merit: 592
The Martian Child
February 16, 2023, 08:00:11 AM
#71
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.  
hero member
Activity: 910
Merit: 789
February 16, 2023, 07:57:20 AM
#70
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.
It's still too far away for a new ATH level of $70K, and it's likely that Bitcoin will still need some time over the next year to get a new ATH at that level. Because now Bitcoin has not yet reached half of the ATH price, so there is still a lot of time needed for Bitcoin to achieve this and I don't think that it will be achieved easily this year.

But the increase that is happening now can at least make everyone's enthusiasm and trust continue to increase for Bitcoin and this is very optimistic if it can continue in Bitcoin in every month of this year. Other than that, this upgrade is a win for those who are still holding Bitcoin and bought Bitcoin at $16K in the last year.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
February 16, 2023, 07:21:22 AM
#69
There is still a possibility that we can end this 2023 with a bearish market but everyone seems sure that the next year is going to be a better year for Bitcoin and the rest of the coins.
I mean, 2022 ended with a 67% damage, and that's right after a bull run, how more bearish can this go? Sure, we might end this year at a lower price, but I don't expect to have tremendous losses. Two to three years of accumulation is what's going to happen. Then, the bulls will enter as always.

For now I don't think we can hit $30k this February because even $25k seems difficult but it's going to be a big achievement for BTC once we hit those numbers this year.
Aaand, $25kSmiley
sr. member
Activity: 1624
Merit: 294
February 16, 2023, 07:11:52 AM
#68
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.
I reckon we won't hit 70k before Dec 2024/Jan 2025 at the earliest. So we still have around 2 years for accumulation.

Remember when the previous ATH was broken? It was Dec 2020.
sr. member
Activity: 1722
Merit: 252
February 16, 2023, 07:03:12 AM
#67
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.
hero member
Activity: 2912
Merit: 556
February 15, 2023, 12:25:45 PM
#66
That's because the price hasn't gone up so high right now that we say that bitcoin is bearish. But if we look at the movement of the bitcoin price, maybe we can see that the bitcoin price has managed to rise from its lowest price and is currently trying to get a price reversal moment. And this gives us more opportunities to invest in bitcoins while the price hasn't increased, and we can buy more. Many people hope that the bitcoin price can stabilize below $30k so they can buy bitcoin again. I believe that bitcoin will get another big rally to reach the next ATH.
hero member
Activity: 2268
Merit: 581
February 15, 2023, 07:26:50 AM
#65
The first thing is, of course we must know from what price we determine bullish or bearish, if we take the price position at the beginning of the year, of course there has been an increase of more than 30%, and if we pay attention to the trend that occurred in February then it was seen that the price was difficult to rise, me sure if the price of February can touch $ 30k then this year the market will be bullish, it might be able to make a new ath again.
The title says 2023, so yes we begin on January. It's clear that these early two months of this year are still bullish for BTC because we haven't dropped yet below our starting point which was $17k. Maybe what we currently see can carry a big load to the next month or two but the rest of it are still going to be unpredictable.

There is still a possibility that we can end this 2023 with a bearish market but everyone seems sure that the next year is going to be a better year for Bitcoin and the rest of the coins. For now I don't think we can hit $30k this February because even $25k seems difficult but it's going to be a big achievement for BTC once we hit those numbers this year.
sr. member
Activity: 994
Merit: 441
February 15, 2023, 06:35:11 AM
#64
Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? I would love to hear why. I personally believe this is a bear market rally or something similar.  Kiss Kiss Kiss Cheesy Cheesy Cheesy
The start of 2023 was like a bull run. After 2022 was the end of Bitcoin's bloody year, in early 2023 the Bitcoin market started to rise. Investors saw gains from the bearish market in early 2023  But we see the market heading towards dumping again  So it is not possible to say which direction the market will go. But based on the current market conditions we can say that we are immersed in a bearish market. But we will wait and very soon we will reach the bull market.
sr. member
Activity: 490
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Bitcoin Halving Year 🎗️🎭
February 15, 2023, 04:38:27 AM
#63
If you currently think that Bitcoin is bearish in this market, it might be. But the Bitcoin market is much more bullish in 2023 than in 2022. And if you are thinking of holding for a long time in this market then your investment will be right. But the Bitcoin market is kind of bearish when it comes to the position it is in right now. But I believe that the Bitcoin market will go ahead like a bull run in 2024.
sr. member
Activity: 1316
Merit: 268
★Bitvest.io★ Play Plinko or Invest!
February 15, 2023, 04:32:49 AM
#62
First of all, whether you admit it or not, most people think that the first month of 2023 is entering the bull season because of the gradual increase in the value of Bitcoin, but it didn't even reach 25k$ each.

    A lot of people fell for this event, and others even thought that it was just a bull trap, and those who bought bitcoin around 18k$ won again and those who owned the trading selling profited again when it reached 24k$ something.

Now, that it has dropped again by 21k$ or even lower, obviously we are still in the bearish season, we are not really in the bull season yet.
sr. member
Activity: 1428
Merit: 252
February 15, 2023, 03:32:37 AM
#61
The first thing is, of course we must know from what price we determine bullish or bearish, if we take the price position at the beginning of the year, of course there has been an increase of more than 30%, and if we pay attention to the trend that occurred in February then it was seen that the price was difficult to rise, me sure if the price of February can touch $ 30k then this year the market will be bullish, it might be able to make a new ath again.
STT
legendary
Activity: 3878
Merit: 1411
Leading Crypto Sports Betting & Casino Platform
February 13, 2023, 05:09:59 PM
#60
This year is bullish because we dont reach the negative conclusion many had feared while selling.   Alot of people who might have sold in the 20k prices may have watched BTC go into the teens and carried on waiting for it to go lower.   To prove the most negative outcomes incorrect is sometimes bullish in of itself.   
   Even if we end this year not more then 5k further in price then where we are now, holding your ground finding a foothold is a position of strength and growth to climb in future.  Hence I do label even sideways in effect a bullish kind of revision and consolidation, partly because I've seen it before and I try not to repeat mistakes and misapprehension.
hero member
Activity: 1400
Merit: 655
Bitcoin is achievement
February 13, 2023, 04:53:17 PM
#59
I am bullish until May 2023. The end of spring and summer traditionally brings negative news. So personally, I will be very cautious with trading strategies starting in mid-April 2023. And what will happen in the fall of 2023, it is hard to say.
Bullish of this period never be noted or something someone can be boast of, when bullish come it affects any other cryptocurrency and every other coin will be with green, so right now i will say that we are just experiencing the light of bullish, besides the market is not moving positively since it started to experiencing a little uplift.
legendary
Activity: 3178
Merit: 1128
February 13, 2023, 04:09:50 PM
#58
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. 
Depends on what you mean by bullish , some people ask if we are in bull run, and mean that just like what happened in the previous ones, will we go up insanely high, like 100k+ or something. If you mean that, we may not be in that yet, it could be some time before we could see 100k and this may not be the one.

However, if you mean bull run as in "will we continue to go up" then in that case I would say it's true, I don't know how much higher we will go, but I know that we are in a good situation right now and will continue to go up. That is why it's so important and that is why it's really a good thing that we are in a bull period, all the times we bought when it was done will come back as profit now.
hero member
Activity: 1400
Merit: 655
Bitcoin is achievement
February 12, 2023, 05:55:11 PM
#57
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 Kiss Kiss Cheesy Cheesy Cheesy
This question can be answered base on the market stage monthly, because right now we can't come to conclusion that the market is on bearish neither bullish due to the regulations of the market, i will classified the market as spherical kind of shape in market or baseless kind of market system. So i believe that the market have no base for no and it's in between bearish and little regained of increment from my point of view.
legendary
Activity: 2226
Merit: 1249
February 12, 2023, 02:09:51 PM
#56
This year I am still bullish on bitcoin, even though the price is currently at the lowest level. But if it's time for bitcoin to start rising again, the price will surely gain a rally and start increasing like before.



Traditionally the market has shown some bullish sighs on the lead up to the halving.
See the chart from this article from >
https://dailyhodl.com/2022/10/31/crypto-analyst-says-bitcoin-could-triple-in-price-to-63000-before-next-btc-halving/

we can see the market rises overall in the year before the 1st and 2nd halving. The
last halving shows overall sideways movement of the market with some volatility, I recon this year
will be the same but overal Bullish.



Every cycle brings a new set of market challenges, this year its War and Inflation which will play their
part in the lead up to the halving of next year.

Me? I'm always Bullish.
member
Activity: 148
Merit: 13
February 12, 2023, 11:16:59 AM
#55
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 Kiss Kiss Cheesy Cheesy Cheesy
More of a sideways. Smiley

If the 4-year cycle will happen again, 2023 might be the same as 2019. Back in 2019, Bitcoin went down to as low as $3400, but recovered to as high as $10,000. Now 2023, Bitcoin already recovered from $17,000 to as high as $24,000. I will still stick to my prediction last year that Bitcoin will move sideways to a price range of $17,000-$25,000.

I believe that this year is still a good year for long term holders like me to accumulate more Bitcoins for the upcoming bull run. Still, anything can happen with the market. We might see Bitcoin go higher than $25,000 and stay there for a long time, but there is also a chance that it might go lower than $17,000, and stay there for a long time. What's good is that, 2023 will be a better year than 2022 with regards to the markets...or is it? Cheesy

 Cheesy Cheesy Cheesy
legendary
Activity: 2422
Merit: 1036
Chancellor on brink of second bailout for banks
February 12, 2023, 10:24:35 AM
#54
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 Kiss Kiss Cheesy Cheesy Cheesy
More of a sideways. Smiley

If the 4-year cycle will happen again, 2023 might be the same as 2019. Back in 2019, Bitcoin went down to as low as $3400, but recovered to as high as $10,000. Now 2023, Bitcoin already recovered from $17,000 to as high as $24,000. I will still stick to my prediction last year that Bitcoin will move sideways to a price range of $17,000-$25,000.

I believe that this year is still a good year for long term holders like me to accumulate more Bitcoins for the upcoming bull run. Still, anything can happen with the market. We might see Bitcoin go higher than $25,000 and stay there for a long time, but there is also a chance that it might go lower than $17,000, and stay there for a long time. What's good is that, 2023 will be a better year than 2022 with regards to the markets...or is it? Cheesy
hero member
Activity: 2604
Merit: 816
Play Bitcoin PVP Prediction Game
February 12, 2023, 10:13:45 AM
#53
This year I am still bullish on bitcoin, even though the price is currently at the lowest level. But if it's time for bitcoin to start rising again, the price will surely gain a rally and start increasing like before.

After the bitcoin price dropped to $15k yesterday, I feel that it's time for the bitcoin price to increase and even if it's not that significant, it's okay because bitcoin still has time to get rally. Well, maybe it's still bearish at the moment as the price hasn't been able to go higher above $30k but it will happen soon. We have to wait for the moment to come, enjoy the process, prepare ourselves, and finally, we can see the price increase and sell bitcoin at that high price.
hero member
Activity: 2184
Merit: 718
February 12, 2023, 10:10:24 AM
#52
It could be said that the beginning of the year determines whether the market will be bull or bear, this often happens because bitcoin trends are usually easy to predict, and at the beginning of the year the market has gone up by more than 40% and makes us reasonable to believe that this year the market will rise, even me sure the market in 2023 can approach the ATH that has happened in 2021.
Bitcoin trends are not so easy to predict, because if you can easily predict Bitcoin trends, it will be easier for you to get rich through the crypto space. Mainly through Bitcoin, but you won't even know when Bitcoin will fall back or increase again in the future and this indicates that the Bitcoin trend is not easy for anyone to predict.

The increase in the Bitcoin price that you saw at the beginning of this year is a very reasonable thing and is still very small when measured by the ATH that Bitcoin has achieved in 2021. So it looks like it will be a little hard for Bitcoin to increase close to ATH this year
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