If we only look on the yearly up and down of Bitcoin price, it's really easy for this year to make up trend since Bitcoin price need to be at least higher than $16,000, so $17,000 is still up.
The Bitcoin price will likely stay at around $25,000-$30,000 because if we look on the history, Bitcoin price doesn't surge a lot during recovery. If it's come true, I will say Bitcoin will touch $100,000 during bullish season.
Topic: Bitcoin Yearly Trend - page 2. (Read 281 times)
As I have already commented in other threads on the subject:
1) Most likely we will end this year positive, but it doesn't have to be very positive, just finishing the year at $20k would be a positive return over last year's close.
2) History does not always have to repeat itself; this year 2023, or 2027, or 2031, etc., there could be circumstances that make that year a negative return. As is often the case in such cases, it would be necessary to rethink the "trend", which is a reconstruction of past events rather than a tool for predicting future events.
1) Most likely we will end this year positive, but it doesn't have to be very positive, just finishing the year at $20k would be a positive return over last year's close.
2) History does not always have to repeat itself; this year 2023, or 2027, or 2031, etc., there could be circumstances that make that year a negative return. As is often the case in such cases, it would be necessary to rethink the "trend", which is a reconstruction of past events rather than a tool for predicting future events.
the pattern.. but not the prediction:
2011 up(ATH)
2012 down
2013 up(ATH)
2014 down (below '13 , but up from '12)
2015 up from last(below '13, but up from '14)
2016 up from last(below '13, but up from '15)
2017 up(ATH)
2018 down(below '17, but up from '16)
2019 up from last(below '17, but up from '18)
2020 up from last (up from '19)
2021 up(ATH)
2022 down(down from '21 , but up from *20)
2023 up from last (down from '21, but up from '22)
2011 up(ATH)
2012 down
2013 up(ATH)
2014 down (below '13 , but up from '12)
2015 up from last(below '13, but up from '14)
2016 up from last(below '13, but up from '15)
2017 up(ATH)
2018 down(below '17, but up from '16)
2019 up from last(below '17, but up from '18)
2020 up from last (up from '19)
2021 up(ATH)
2022 down(down from '21 , but up from *20)
2023 up from last (down from '21, but up from '22)
Looking at the above image is BTC bull circle starting in 2023? the market already giving positive signs of recovery, but am of the opinion it is too early to expect the bulls back into the market. Am not an expert in the TA field but I can see some of the influencers and TA analysts on Twitter saying the bull market is back. (i know what people think about those guys)
What are your opinions....?
Image Source @crytocurrency_inside
Jump to: