Bitcoin 2023, Bullish or Bearish? - page 8.

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Quote from: Unbunplease on February 04, 2023, 05:40:14 PM

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.

I agree with you, I also think the bitcoin bull run will last until the end of March or April, that means we still have 1 or 2 bullish waves like what happened in January. I predict bitcoin will probably hit $35k-$40k in the next 2 rallies before bitcoin corrects sharply again. So bitcoin is correcting, I see it as an opportunity rather than panic, if bitcoin can drop to $20k and then rise again, those who know how to hold this is the next big opportunity to make a profit this year.

Sayeds56

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Quote from: Lida93 on February 09, 2023, 04:24:29 PM

We are still in the bear market despite the few moves in the past weeks from 17k to 23k this 2023, although I am looking forward for a bullish market to upturned

Predicting market trend with certainty based on technical indicators is a challenging task as it involves science of probability. However generally if Bitcoin is trading above its 200 days simple moving average , currently at 19,700, is considered as bullish trend but it should not be seen in isolation and should be confirmed with multiple indicators. Additionally, current low trading volumes indicate that investors are sitting on side lines and waiting for any good news to take entry.

I think overall crypto market is likely to perform better in 2023, as money tightening policy of FED will not be so harsh as it was in previous year.

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Quote from: Pejoh Asu on February 10, 2023, 02:18:29 AM

Quote from: Unbunplease on February 04, 2023, 05:40:14 PM

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.

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.

Today the bitcoin price has experienced a slight correction again, bringing the price down to the $21.8k area after successfully reaching a high of $24k earlier this month, given the current market conditions it will be very difficult to determine whether this is the start of a bull market or a sign of a bear market. will continue because if the recent correction takes bitcoin price past $20k we will likely see further declines through the end of the month as $20k is the strongest area of support for bitcoin there is no sure way to tell where the market is going and sometimes trend action past prices do not repeat themselves in the future.

Pejoh Asu

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Quote from: Unbunplease on February 04, 2023, 05:40:14 PM

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.

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.

coolcoinz

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I'm bullish. The recent breakout was a show of strength by bitcoin. IMO we are past the worst point of the bear market and the bear market should've ended above 20k. It would've happened if not for the Scam Bankster Fraud and his scheme which was a black swan event a bit like the covid crash of 2020.
We may go sideways from here, we may go up, it doesn't matter because I'm not a short-term investor. What I'm sure is that we're only a year from the halving and the closer we get the more confidence we'll see in bitcoin investors. I expect us to stay above 20k from here and eventually move towards 30k later this year.

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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 are still in the bear market despite the few moves in the past weeks from 17k to 23k this 2023, although I am looking forward for a bullish market to upturned but that won't just happened immediately it could be towards the end of 2023, right now we can observe some price consolidate for tew days now between 21k-23k which it's possible it could drop down for a retest before rising a bit more to around 30k at most by the half of the year 2023.
The bull is close but not just yet insight.

ancafe

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If you look at the title that you made, then I can conclude that you have confidence that bitcoin in 2023 will be bullish, because there is an affirmation regarding the conclusion of the year that you made, the recovery process that took place this year with a difference last year?

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.

First I want to say this, without bullish happening this year you have to start buying and saving bitcoin, because as is the correlation between the four years and the process of achieving the next ATH. If you can count the previous four years running, it means that next year is on the way to ATH and this is the reason you should buy and hold bitcoins any time, even in bearish conditions.

Secondly I would like to say about maintaining value, bitcoin is the best asset today and has been concluded with evidence as an asset capable of maintaining value, even in times of economic turmoil caused by recession and inflation in relation to the previous four year cycle.

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

I personally believe this is a bear market rally or something similar. Kiss

There is no need for reasons for people who already understand the concept of bitcoin, but most importantly they understand the risks and fluctuations in prices, the rest of the decisions can be made based on individual knowledge.

sana54210

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Quote from: yudi09 on February 02, 2023, 01:03:29 PM

Bullish or bearish at this time does not really matter to those of us who are still eager to collect as much Bitcoin as possible before the new ATH comes.
Believe me that everyone who has faith in Bitcoin is still eager to buy before ATH so that wherever the direction of the chart moves is not really something that makes people think about whether this situation is bullish or bearish on the current market situation because in the end what is wanted is profit.

In conclusion, buy and be patient if you want to make a profit. It may take up to 2 or 3 years. 2023 the market is in a good mood.

Maybe to you it doesn't really matter but for some a bear or a bull can matter a lot. Some of us wants a bear because they want to buy more coins at cheaper. Usually, they are the ones who have a lesser budget for those guys with bigger pockets, they can just do a DCA at a certain time. Some of us also wants a bullish market this year so that they can sell some for profits as they will be needing a money this year.

Those who came in recently are lucky because their waiting time for the bull run are going to be cut off. Usually, we can wait 2 or 3 years for it to come but now it's expected to come in 2024 and of course that won't be possible if not because of the halving event.

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Quote from: Unbunplease on February 04, 2023, 05:40:14 PM

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.

If this is the case, I guess it would be good to wait until after may for the big potential downtrend. I get my paychecks near June so it would be good for me.

BitcoinPanther

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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

I am always bullish on Bitcoin no matter if it is a bearish or a bullish market. I am looking at Bitcoin in a long term and not just a month or a year or even a 4-year cycle. I am looking at the future of Bitcoin 10 to 20 years from now and I believe Bitcoin will not disappoint those who are looking forward to its great market achievements.

If you are asking about the trend of 2023, I am still thinking that the year 2023 is the year of transitioning so we can possibly see some ups and downs and even a long sideway movement of the Bitcoin market. I believe the true bull run will happen on 2024.

Unbunplease

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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.

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That would determine quickly if you will be bullish or bearish about crypto. It will be a bullish year, or maybe the following years.

buwaytress

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Noting that if we're posting here in this forum, in general, we're bullish for the long term -- yes, all of us. Bearish people would probably stick to speculating and shorting -- or exit and liquidate, including on this forum... I'm probably more bearish in 2023. Not because I've lost hope for the future (2017/19/20 massive crashes did nothing to dent me!) but because I think we're in for quite a lot more than anyone expects in terms of the global economy.

It seems far away and distant, but we've already experienced Covid impacts. We've yet to experience a deep, deep global depression.

ilovealtcoins

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Quote from: Joshapat on February 04, 2023, 09:45:40 AM

Bitcoin has risen more than 42% compared to the closing price in 2022, this is a strong signal that bitcoin will be a bull run in 2023, the same thing happened in 2021 when the beginning of the year the price skyrocketed by more than 25% and continues to skyrocket to create new ATH in the price is $69k, now let's think positively and take action by buying more.

If you want to buy, maybe 2022 is the best time, not now. Bitcoin is up 42%, but no one is sure if this is a sign of a bull run or maybe just a small bull run during the bear season. If you are a long-term investor, you can buy whenever you have money, no need to wait for signs of recovery to start buying. And if you are a trader, now is not a good time to buy.

Joshapat

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Bitcoin has risen more than 42% compared to the closing price in 2022, this is a strong signal that bitcoin will be a bull run in 2023, the same thing happened in 2021 when the beginning of the year the price skyrocketed by more than 25% and continues to skyrocket to create new ATH in the price is $69k, now let's think positively and take action by buying more.

aysg76

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Quote from: pooya87 on February 03, 2023, 05:40:34 AM

I'm always bullish on bitcoin regardless of what is happening to the price because I see the long term charts not the short term. Imagine you could buy bitcoin at $400 right now, would you not be bullish on it. $400 was the price I started with and it got dumped all the way down to $150 but nobody cares about that now that price is $20000.

As for short term (yearly trend) we have a lot of positive signals that could turn this into a the big bull market that we are very familiar with so the hopes are up. But we also have negative signals same as 2022 but the difference is that they are not new (recession, etc. that has been going on for a year now). So they may not be such big deals.

That's the point that if you are looking in long term perspective then you will gain profits out of it but with these small pumps people keep asking that whether bull run has started? So the answer is its yet to come and we can't say bull market is there till we see really some big pumps and huge cash inflows in the form of investment or the other group is waiting for it to go down to invest and make profits but if you invest at $20k and hold it for say 5 years and prices are now $60k not going too high being conventional so you made $40k just holding so this is why we are bullish on it being long term players.

As you have said that prices also went to $150 so if you have also panicked and sell at that moment then would you have gained so much? But you understand why the prices will rise and know about the bitcoin working and it's utility, demand and deflationary nature against the worthless fiat having faith in it.

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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

I'd say, we'll be in sideways or accumulation phase so nothing major break on resistances I guess. The overall sentiment is on a bear market rally and likely a dead cat bounce but we may never know since there are lot of factors to consider here. I'm not bearish nor bullish, I'm sticking you know rather than timing the market.

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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

If we see from the start of the year, then Bitcoins are more than 35% up. If you still consider it as a bear market rally, then my friend you are going to regret on this very soon. If Bitcoins continue this pace, then definitely in March we can expect Bitcoins at 35-40k usd range. Also if we see the previous 4 year charts, then this year it is meant for Bitcoins to go up in price, and Bitcoins have always followed the same pattern/graphs. So yes according to me, we are in the early phase of the bullish market. Now let’s hope for the best.

CoinEraser

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Quote from: Why you bully me on February 03, 2023, 10:52:15 AM

Quote from: CoinEraser on February 03, 2023, 10:40:01 AM

-snip-

Thanks for help, I will keep watching price Cheesy

Yes, unfortunately my opinion probably doesn't help much either. We can't do more than watch the price and hope for a good year. Unfortunately, this is usually the case, as the market often reacts unpredictably. Wink

btc_angela

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Quote from: MoonOfLife on February 03, 2023, 06:32:04 PM

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

What is happening is a rally after a long bearish streak rather than a sign of an uptrend. I still believe we are still in a bear season even though bitcoin is up 40% in just the first month of this year. I guess this year will be a year of bitcoin recovery to prepare for the bull season in 2024. We already have the bottom for this bearish season, we won't be able to fall any deeper this year.

Oh, I didn't know that we are up by 40% in January, if that is the case that is a huge jump already in the middle of the bear market. But too early to say that we are bullish, or what bullish means to us (a massive growth and it only happens after the block halving).

And with that we are still very far from the block halving, so this is just a uptrend as you have said after a long bearish trend or just a recovery from the FTX fiasco that we have witnessed last November.

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