There is panic over the current state of the market although the overall picture is still good. But from this stage it can back down and turn bullish. So we have to wait this week to judge the next market movement. But the current range $27k is certainly a good position. Hope fully it will be positive.
So who panicked and why panicked? I think the bitcoin price movement since the beginning of the year has been pretty good and the positive trend has been going on for a long time. although currently the bitcoin price is stuck below $30k and has difficulty breaking through $30k but in my opinion this is not a serious problem because I believe in the near future the bitcoin price will be able to penetrate $30k and continue the positive trend. 
Topic: BTC bulls back? - page 2. (Read 1357 times)
Now the market is currently experiencing,.Remember the price always fall and rise no one can predict the position of Bitcoin.so the best thing to do is to prepare for both, when the bear market comes you risk,and when Bitcoin comes up you take advantage of the bull market.who knows if the next bull run won't break the last ATH? We can't predict what will happen next, bitcoin price, it's getting weak and Exhausted at $28k and the current price of bitcoin is $27,994.39.The price is moving $28k-$27, $27k-$28k,if forming an up C curve, most likely that we will head back down to $26k to $25.Yesterday I was surprised by the decline, but there are lot of people that targeting to take profit at $30k, sometimes price might not get there and get a major pull back before actually going back up to hit the price and even make more higher prices.
In my opinion the price recovery that has occurred recently is only temporary, meaning that after this there is still a possibility that the price of BTC will fall again. currently BTC is only in a positive trend not bullish or halving that occurred in 2017 and 2021. This positive trend could be a bull trap but if you want long term investment you don't need to worry about this problem.
We are in the first quarter of 2023, which is not very close to the year's fourth quarter, and you want to know if bitcoin was going to decline until the year's close. To answer your question, nobody can predict the state of the cryptocurrency market till the year's conclusion. If a bull run or bear market is what we should anticipate.
With the current price increase I have so far observed, I can only conclude that we are just seeing a correlated price of bitcoin
With the current price increase I have so far observed, I can only conclude that we are just seeing a correlated price of bitcoin
The price already looked exhausted yesterday and even on before the news about CZ and CFTC, all the market sentiment are just what that really used to help the market to reach its destination point. my price target is still at the $25k-$24.5k level, that level is a historical strong support level to Aggressively load up more Bitcoin , because it acted as a strong resistance so many times in the past and should also act as a strong key level for market reversal to the up side if the market gets there.
Bitcoin has spent number of days beating around $28k, And looking at the Bitcoin price Chart, it's getting weak and Exhausted at $28k and the current price of $27k forming an up C curve, most likely that we will head back down to $25k to test that support level once again if failed to break towards the up side when the CME market opens tomorrow.
As lot of people are targeting to take profit at $30k, sometimes price might not get there and get a major pull back before actually going back up to hit the price and even make more higher prices.
As lot of people are targeting to take profit at $30k, sometimes price might not get there and get a major pull back before actually going back up to hit the price and even make more higher prices.
As I have said previously, $28,500 is the big test and it seems we didn't passed that obviously, and as a result, the price did go on minor correction twice already and then attempted at least $28k which is rejected so the price goes below $27k again. However, the bulls is still in the market as we recovered on that short retracement and now the price is $27,100. I don't think that $30k will be breach this month. April is the most likely timeframe that we are going to breach that price. The game right now is that the price should steadily climb and not some weird artificial pump to $30k and higher. We should be like looking at how the month of January increases and same with the trend for this month. Let the bulls do the run ins, I know that we could be in the oversold zone, but at least we are still above 200 Moving Average Year to Date.
https://www.barchart.com/crypto/quotes/%5EBTCUSD/technical-analysis
Bitcoin has spent number of days beating around $28k, And looking at the Bitcoin price Chart, it's getting weak and Exhausted at $28k and the current price of $27k forming an up C curve, most likely that we will head back down to $25k to test that support level once again if failed to break towards the up side when the CME market opens tomorrow.
As lot of people are targeting to take profit at $30k, sometimes price might not get there and get a major pull back before actually going back up to hit the price and even make more higher prices.
As lot of people are targeting to take profit at $30k, sometimes price might not get there and get a major pull back before actually going back up to hit the price and even make more higher prices.
Today Bitcoin market seems to be affected by the news about CZ being sued by the CTFC, Bitcoin price seems to react about this news and plunges a little more than 3.50% today. Though it has somehow recovered but I think the news will still have lingering effect especially when it becomes worst. We might see Bitcoin to revisit $26k down to $25k if the matter become worse and the market sentiment turned bearish because of the news.
There is panic over the current state of the market although the overall picture is still good. But from this stage it can back down and turn bullish. So we have to wait this week to judge the next market movement. But the current range $27k is certainly a good position. Hope fully it will be positive.
Why will they panic? I mean for what reason? I ask because I didn't see or hear any negative news but all I can see is just a small decline in the price of BTC but we are still close to the highest this week which was $28k. This isn't something worthy to panic with but if ever there are panic that is happening, that will only be panic buying as there are still people who are rushing of filling their bags just before we reach the true bull run and there's also traders and short term investors who are taking advantage of the price volatility.We are only in the weekend and people are less active now but wait till we return on Monday or on working days as the market will also return to normal.
Binance owner CZ had been sued and there are leaked chats that can do harm to CZ and the platform. So this news brings uneasiness in the Bitcoin market.
There is panic over the current state of the market although the overall picture is still good. But from this stage it can back down and turn bullish. So we have to wait this week to judge the next market movement. But the current range $27k is certainly a good position. Hope fully it will be positive.
Why will they panic? I mean for what reason? I ask because I didn't see or hear any negative news but all I can see is just a small decline in the price of BTC but we are still close to the highest this week which was $28k. This isn't something worthy to panic with but if ever there are panic that is happening, that will only be panic buying as there are still people who are rushing of filling their bags just before we reach the true bull run and there's also traders and short term investors who are taking advantage of the price volatility.We are only in the weekend and people are less active now but wait till we return on Monday or on working days as the market will also return to normal.
Bitcoin has spent number of days beating around $28k, And looking at the Bitcoin price Chart, it's getting weak and Exhausted at $28k and the current price of $27k forming an up C curve, most likely that we will head back down to $25k to test that support level once again if failed to break towards the up side when the CME market opens tomorrow.
As lot of people are targeting to take profit at $30k, sometimes price might not get there and get a major pull back before actually going back up to hit the price and even make more higher prices.
As lot of people are targeting to take profit at $30k, sometimes price might not get there and get a major pull back before actually going back up to hit the price and even make more higher prices.
There is panic over the current state of the market although the overall picture is still good. But from this stage it can back down and turn bullish. So we have to wait this week to judge the next market movement. But the current range $27k is certainly a good position. Hope fully it will be positive.
On the one hand, when the Bitcoin market increases, it feels very good, on the other hand, when it decreases, the position feels very bad. There is a lot of fear to invest as the market will fall further. Yesterday, when it moved from $28900 to $26600, it looked like the market may come back to $20k. But today I can see that the market is again at $28800. The volatility of the market really scares us a lot in investing. But the Bitcoin market is probably going to stay in the $30,000 range very soon.
I'm still pretty sure that the Bitcoin price this month can still bounce like that to a higher price as long as there's still a pretty good Volatility buying in large quantities, because while investors and billionaires are still willing to put their money into Bitcoin, the odds are on the increase Bitcoin price will always be in this year. Although I also do not really expect that to happen in the near future.This sudden rise certainly surprised many because what happened so that the increase was so quickly back above $ 28K more, while yesterday's decline, there were many who took advantage of this moment. Of course, if traders take action during a correction, they can be very profitable.
Of course there are traders who take advantage of this momentum, because they also still have the confidence to benefit from this momentum and indeed it has proven to be very effective for those who have taken advantage of it at that time.Quote
It's quite optimistic that bitcoin can still survive and at least $ 30K which is a little more will soon be fulfilled in the next few days or at least this month can touch it, because I think this will be a positive trend going forward.
I am also still quite optimistic that things like this can still happen to Bitcoin and that is what some traders are really looking forward to this year. Sometimes I'm also happy when I see things like this happen, even though I don't trade like them in the market. But I was also happy when I saw this moment that it also really suits Bitcoin holders who are still holding on today.Quote
We look forward to whether it will rally again?
It is likely to rally again even though it looks like Bitcoin price movement is starting to slow down now. 
The increase that has occurred since January hopefully is the start of an awakening, of course we have long been waiting for something like the beginning of this year to happen again, I'm afraid if the price continues to decline it will take even longer, sometimes the market often confuses us, if we are used to daily trading then you will understand what to do.
What do you think should be done in the current conditions? Because yesterday I saw a decrease in the price of Bitcoin and today the price of Bitcoin immediately rose again without having to wait long even though it was still under $30K. If yesterday I was surprised by the decline, now I am also surprised by the sudden increase in the market for Bitcoin and this is clearly very profitable for traders.
It's quite optimistic that bitcoin can still survive and at least $ 30K which is a little more will soon be fulfilled in the next few days or at least this month can touch it, because I think this will be a positive trend going forward.
We look forward to whether it will rally again?
I was thinking BTC was going to be on a down hill mostly until near end of 2023. Do you believe this is a bull trap or true recovery for next bull is now here?
I would be interested to see what you people think and why.
:3
I would be interested to see what you people think and why.
:3
The cryptocurrency market is very volatile and subject to significant fluctuations. Although there have been periods of bullish and bearish market sentiment, it is difficult to predict the exact timing or duration of these trends because for each cryptocurrency in terms of their underlying technology, adoption rate and use cases also have their own role, this is what I know if not wrong.
What do you think should be done in the current conditions? Because yesterday I saw a decrease in the price of Bitcoin and today the price of Bitcoin immediately rose again without having to wait long even though it was still under $30K. If yesterday I was surprised by the decline, now I am also surprised by the sudden increase in the market for Bitcoin and this is clearly very profitable for traders.
On the one hand, when the Bitcoin market increases, it feels very good, on the other hand, when it decreases, the position feels very bad. There is a lot of fear to invest as the market will fall further. Yesterday, when it moved from $28900 to $26600, it looked like the market may come back to $20k. But today I can see that the market is again at $28800. The volatility of the market really scares us a lot in investing. But the Bitcoin market is probably going to stay in the $30,000 range very soon. The increase that has occurred since January hopefully is the start of an awakening, of course we have long been waiting for something like the beginning of this year to happen again, I'm afraid if the price continues to decline it will take even longer, sometimes the market often confuses us, if we are used to daily trading then you will understand what to do.
What do you think should be done in the current conditions? Because yesterday I saw a decrease in the price of Bitcoin and today the price of Bitcoin immediately rose again without having to wait long even though it was still under $30K. If yesterday I was surprised by the decline, now I am also surprised by the sudden increase in the market for Bitcoin and this is clearly very profitable for traders. 
Since January when the price increased more than 40% then i believe that in 2023 the price will be close to ATH or even make a new ATH, this week the price has increased more than 35% and today the price is around $27300, i believe next week or this month the price will at $30k so that makes me even more excited to keep buying.
That's a really positive take on the price of bitcoin. But we should not rejoice too soon. Actually, the bull runs always come after the halving and that is next year. Because the prices are currently fluctuating so much, I wouldn't call it a bull run at the moment. Of course, I could be wrong, but I'm just not really convinced yet. I am curious whether the current price can be maintained. I think we'll see $30k soon, but after that I can well imagine that the prices will unfortunately go down again. It would be really nice if we could hit $50k this year, but I don't really believe in it. Well, time will tell what happens. 
Like you, I still believe that history will repeat itself and bitcoin will only reach new ATH after the halving. What has happened and is happening really surprises us all but it doesn't really prove that bear season is over. I believe bitcoin will hit $30k or more, but I still expect bitcoin to fall again, I prefer this year to still be a bearish year rather than bullish one. The cheaper Bitcoin got, the more excited I got, the skyrocketing price of bitcoin made me change my plans, which is really not fun.
The increase that has occurred since January hopefully is the start of an awakening, of course we have long been waiting for something like the beginning of this year to happen again, I'm afraid if the price continues to decline it will take even longer, sometimes the market often confuses us, if we are used to daily trading then you will understand what to do.
The recent bull run in the crypto market has brought all eyes to BTC, with its soaring prices generating profits for both long-term and short-term investors.
According to new data by Santiment, holders across all spectrums have become profitable for the first time in 14 months, leading many to believe a bull run for BTC is approaching.
As a result, addresses holding over 10 BTC have started to accumulate large amounts of the coin, and other investors are also showing interest in BTC, causing activity on the network to rise.
According to new data by Santiment, holders across all spectrums have become profitable for the first time in 14 months, leading many to believe a bull run for BTC is approaching.
As a result, addresses holding over 10 BTC have started to accumulate large amounts of the coin, and other investors are also showing interest in BTC, causing activity on the network to rise.
Since January when the price increased more than 40% then i believe that in 2023 the price will be close to ATH or even make a new ATH, this week the price has increased more than 35% and today the price is around $27300, i believe next week or this month the price will at $30k so that makes me even more excited to keep buying.
That's a really positive take on the price of bitcoin. But we should not rejoice too soon. Actually, the bull runs always come after the halving and that is next year. Because the prices are currently fluctuating so much, I wouldn't call it a bull run at the moment. Of course, I could be wrong, but I'm just not really convinced yet. I am curious whether the current price can be maintained. I think we'll see $30k soon, but after that I can well imagine that the prices will unfortunately go down again. It would be really nice if we could hit $50k this year, but I don't really believe in it. Well, time will tell what happens. Bitcoin is expected to cross $50,000 this year as the market is moving. Currently the market is in a bit of a balance and this is a good time to invest. This period is moving from a bear market to a bull market. The value of Bitcoin is expected to increase exponentially in the past year. The price of Bitcoin has changed a lot this week so the Bitcoin market is likely to change more in the past few days.
Bulls are fully back in the market and they are quite in control of the market right now. If the market continues with this momentum and with the happenings around the traditional fiat banking system, hopefully $50k and is achievable, we will get there even with or without such events, history will repeat as Bitcoin is the only digital asset that the supply is fixed, the price will continue to increase over time as the supply gets reduced.
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