Bitcoin 2023, Bullish or Bearish? - page 9.

Dr.Osh

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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

the answer to this question is definitely that is not certain. This year, the market can be bullish, or bearish. Even though the start of the year has been good for bitcoin, we don't know what news we will get next. if we get good news for the crypto world, a price recovery will quickly occur, and maybe have the potential to be bullish. Meanwhile, if negative information comes for crypto, it will be bearish.

Personally, I think we're going to be in a bullish and bearish phase, whereby the price of bitcoin may recover but won't be so high price in this year. however, this is a wild thought that exists in my mind that has no basis in anything. If referring to the recent speculation from Cointelegraph, they think that in the near future, the highest potential of bitcoin can reach $ 25k even though it is very difficult. Meanwhile, the first sign of a fall in the bitcoin price is in the $22k range, and that could trigger further declines.

MoonOfLife

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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

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.

Adbitco

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Are you still deliberating either to wait and watch the market more time or whether to buy now?
From all technical analysis bitcoin has been on bull trend except those who bought during the ATH could likely sees as bear due to poor technical analysis before jumping into the market.
So to be at the safer side use this medium to hold any volume of bitcoin you think will be good for you to hold as bitcoin halving is around the corner, which I strongly believe we may see another ATH.

Quidat

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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

Hard to tell but basing up on the entrance we do have on this year on which the price at least make out some increase although it is really just that small or above 20k which it do matter the most.
For now its better to make yourself that versatile or easily could cope up on what are the things that you could possibly face on. Bearish,Bullish and sideways movement on where the common condition
you would be facing on on the time you had decided yourself to step your foot into this market.It is really hard to tell on what would be the things that will happen on this year.
No one could predict on what the future looks like.

ivankoh

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We got off to a good start this year. bitcoin rallied around 39% in January, which is a huge impetus for the market to recover. However, I personally don't expect much on the short-term price structure. Most of us are waiting for a prominent signal in 2024 and it's a big sign for the upside based on bitcoin's history of cyclical booms. Therefore, I think bitcoin's trend will be to build and consolidate its No. 1 position and break its bear market bearish structure this year. Yes, 2023 - will be the recovery direction - increasing direction compared to the previous year.

Dickiy

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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

people often see that now they are still in a bearish phase, but for me in Q1 2023 this is considered bullish, we can see that the increase that has occurred in bitcoin and Alltcoin in the market is enough to give those who buy at -$17k. Far from my hope that bitcoin will be bullish this year, the biggest possibility is a sideway with high volatility, in my opinion, that is more logical, because we don't have indicators that are really bullish in bitcoin or to change market sentiment, it seems that yes, bitcoin will go sideways with enough time long.

Why you bully me

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

Quote from: Why you bully me on February 03, 2023, 10:18:09 AM

Quote from: CoinEraser on February 03, 2023, 09:51:49 AM

-snip-

Do you think new low (lower than the ftx) of btc will be hit before the next bull run ?

That's hard to predict. If we don't get another wave of bad news, I assume that we won't see such a low again this year or before the next bull run. But with the year still long, surely no one can predict what will really happen. But as already written, I'm assuming a good year in terms of price.

Thanks for help, I will keep watching price Cheesy

CoinEraser

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Quote from: Why you bully me on February 03, 2023, 10:18:09 AM

Quote from: CoinEraser on February 03, 2023, 09:51:49 AM

-snip-

Do you think new low (lower than the ftx) of btc will be hit before the next bull run ?

That's hard to predict. If we don't get another wave of bad news, I assume that we won't see such a low again this year or before the next bull run. But with the year still long, surely no one can predict what will really happen. But as already written, I'm assuming a good year in terms of price.

Why you bully me

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Quote from: CoinEraser on February 03, 2023, 09:51:49 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? -snip-

I'm still skeptical that we'll see a bull run this year. Sure, the price went up and that's a good sign, but there hasn't been a bull run before a halving, I think, if I remember correctly. I hope 2023 will be better than 2022, but that shouldn't be too difficult to achieve either. Therefore, I say I am not bullish or bearish, but I am positive about the price development. Wink

Do you think new low (lower than the ftx) of btc will be hit before the next bull run ?

CoinEraser

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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? -snip-

I'm still skeptical that we'll see a bull run this year. Sure, the price went up and that's a good sign, but there hasn't been a bull run before a halving, I think, if I remember correctly. I hope 2023 will be better than 2022, but that shouldn't be too difficult to achieve either. Therefore, I say I am not bullish or bearish, but I am positive about the price development. Wink

pooya87

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

are you bullish or bearish on bitcoin and why?

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.

Oceat

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If this is 2019 most would say is it's still bullish despite of the price difference but it's different now from the past. So, I would say, it's kind of in the middle, not bearish yet not bullish enough but it's a fair price for accumulation or selling to make profit. If your only goal is to hodl for a long time then this is quite bearish and it should be your accumulation phase rather than selling period.

If Bitcoin would touch $30k I might consider it bullish but that's quite far from the truth to happen yet maybe in 2024 or 2025 but that time will be the halving and the next bull run trigger point.

Yaunfitda

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Quote from: cryptosize on February 02, 2023, 11:11:48 AM

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.

It's because of Covid-19 that time, the first time it was reported to the world or at least the lockdown for most countries started around that time frame and so the effect on us is huge.

Quote from: cryptosize on February 02, 2023, 11:11:48 AM

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...

I think that's two different scenario, Covid is global while it might be hard weather in Europe because of snow, I don't think it will have a drastic effect on the other part of the globe.

Quote from: cryptosize on February 02, 2023, 11:11:48 AM

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).

Still a lot of time for us to accumulate and buy through DCA and any other strategy that fits our goal.

6 digits might just be a conservative estimates, there are predictions to $200k or more, but just like the rest of predictions, it's just wild and educated guess (with the help of TA).

ethereumhunter

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Quote from: Zaguru12 on February 02, 2023, 11:31:39 AM

Quote from: ethereumhunter on February 02, 2023, 10:22:03 AM

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.

I also think same as you do. Although I expected the first quarter to be bearish but this seems more like a recovery period and not bullish I would have to wait till it crosses over the 25k mark and see maybe it has stability there. The second might follow same trend of the first but I have a feeling that the last quarters will be bearish because the 2024 halving might be hyped then. This year entirely is just to risky to think of selling off ones coins one should accumulate and the best way to do it is a weekly DCA

Even though it is currently a recovery period, we have seen progress from bitcoin, which can increase in price so this is a good phase for bitcoin. Well, maybe we still see market conditions like this for a while. And even though the market has crossed the $25k barrier, we still have to be patient as the current dips are deep and it will take time to get around the last ATH price. But as long as you don't sell your bitcoins at a low price but hold them and try to do weekly or monthly DCA, I think you can see a bullish process coming soon. This year is still a mystery because we don't know how bitcoin will move.

bestcoins1

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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

The ongoing price recovery at the start of 2023 is a good start before heading into a true bull run. Because the recovery that still looks a little unable to conclude whether it is bullish or not at this time or for this year. From the improvements I've seen over the past month, I consider this a very normal thing to happen and I don't consider it to be bullish because it's too early to assume that at the start of this year. So all this time I've been waiting for a real bullish and even bigger increase from the one that's been happening over the last month

Yatsan

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Too early to know, impossible to determine in the first place. Indeed we saw an increase when this year started which is a good thing, especially after seeing how long the market prices have shown no signs of recovery last year. But I doubt it is enough for a bullish run. What's expected is for bullish trend to occur in 2024 because of the anticipated Bitcoin halving and assumptions are based from the past. But since this year started with green marks, I think there are chances for atleast half of ATH prices to be reached if things would be somehow consistent. Let us just hope that there'll be no correction to happen as this year goes by, in order for this industry to not struggle that much before this year end.

yudi09

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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.

cryptosize

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Quote from: OgNasty on February 02, 2023, 12:12:25 PM

a massive amount of money was just printed

During QT?

QE stopped a while ago...

OgNasty

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I think it's pretty clear that we're off to a bullish start if nothing else... The thing people don't seem to understand about the current global marketplace is that a massive amount of money was just printed. This isn't normal, well, not to the extent that they did it. This is going to cause the price of pretty much everything to increase. Sure, the government is trying to cause a recession to keep prices down and allow them to scoop up assets from out of work Americans to help them get into a position to "help" people in need. This is what they do. Don't let go of any of your assets in this coming engineered recession or it will hurt your financial situation the rest of your life...

Zaguru12

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Quote from: ethereumhunter on February 02, 2023, 10:22:03 AM

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.

I also think same as you do. Although I expected the first quarter to be bearish but this seems more like a recovery period and not bullish I would have to wait till it crosses over the 25k mark and see maybe it has stability there. The second might follow same trend of the first but I have a feeling that the last quarters will be bearish because the 2024 halving might be hyped then. This year entirely is just to risky to think of selling off ones coins one should accumulate and the best way to do it is a weekly DCA

Topic: Bitcoin 2023, Bullish or Bearish? - page 9. (Read 1494 times)