Topic: BTC bulls back? - page 7. (Read 1422 times)

It is another Bull trapping mate but at least let us enjoy the prize of the bull we earned recently , and now it seems that the value is slowly dropping , it may continue to blow to 25k but I think that is the highest we can get this 2023 and waiting for 2024 to push the Bull back in the market and serve us all the profit we are looking.
we are near halving , at least more than a Year to happen so indeed that we can have to look for now as semi bull run and there will be some dumping in the next coming days but tolerable amount .

I have been checking the market for the whole week , and since the price of bitcoin break 20k? correction continues to come every 1k increase so maybe this will happen till we reach 25 or 30k then that would be the finalization of my trust and will continue the holding but if there is a changes from 25(if bridges) then i will sell all of those and wait for the final dump .

Having a it of a courage from this current situation is definitely a good thing for our future. Its not going to be enough to make it go up, just because we are hopeful about the future doesn't mean that we are going to profit from it, but it is a good step. We have always said that its quite important to have a long term investment in the crypto world to make some money, and that means we are getting closer and closer. Which is why I believe that having hope is better than last year, you could had some hope last year too, but would face a bad year, this year however it should be a lot better.

yeah and have just checked the market now seeing it staying at 23k and maybe I am wrong in my assumptions as the price truly continue climbing little by little each day.
looking for complete increase in the next couple of weeks as we are heading to the second month of the year.

At its highest price Bitcoin has risen to over $23K this month, but if you look at the market right now or at the moment. There seems to be a bit of a correction going on where there is a drop in price that is already over one percent, but this certainly won't worry everyone because big increases are always spiced up with corrections of very small sizes. And I hope that in the next five days Bitcoin can be at $ 24K before entering the second month of the year.

People forget the price can never really stay simple or it would be handing out free money in some way.   Its a slippery snake that arcs back on itself often, we will not go down continually in a simple way.   If we only went down we could all just get rich with a leveraged short, easy money.   Too easy, the market overcooks itself even when going down and this unfolds.  
   We are up right now but dont have a doubt we will have future troubles and storms ahead, theres no way 2023 is pure bullish.   I wish it would be but the only real question is when we pull back, what is the quality of any pull-back the strength either side is not equal to numbers there is always some extra bias.

If a decrease in the rate of the inflation means a decrease in the price of the goods then cryptos must also be decreasing now and not rising because cryptos can also be considered as a goods but there are still other possible reasons for the increase that we feel lately.

A few of them would be the exposure of BTC in the miss universe pageant and then the authorities have recovered 5 billion dollars worth of crypto to SBF. I might miss something but you guys can follow it up. A decrease in the rate of the inflation is still a good thing for us if we are talking about the life outside. At last or at least, people can now feel a little relief even if it won't last a long time.

Usually at the weekend for some reason the pressure of sellers on bitcoin was weakened, maybe that's why we are now seeing growth. But from next week a lot of events related to finances and bankruptcy of some companies are predicted, so maybe they raised the price now on purpose to sell more expensive next week.

My answer will be for your question is that we cannot give 100% guarantee on it that it's a bull trap or a initial step of Bullrun. Because even in August 2022, the price of Bitcoin went above 24000 Us dollars, since after that a big down was seen again, so there is no guarantee that it will not happen again this time. But since the next halving is going to happen in 2024, it may be a signal of recovery. But my personal opinion would be to keep the market under observation for a few more days and take the risk of investment because 2024 is still almost a year away.

The Bitcoin market has been dumping a lot for the past few weeks but now the market has been slowly increasing for some time now. It is seen that the Bitcoin market went from $16k to $23k dollars today. Thus, if the price of Bitcoin continues to increase like a bull run, then within a few days Bitcoin will cross the previous position again. Looking at the current market conditions, it seems that the market is trying to go back to its previous position.

But a bull trap could happen, and we are still determining what will happen to bitcoin. But we were lucky to see bitcoin finally at $22k. It looks like $23k will break through in a few hours if there is any push to go higher.

Yes, the correction happened yesterday, and there will still be another correction during bitcoin's journey to the last ATH, so prepare yourself.

Hopefully, the bull trap doesn't happen, and it will just be a bull run until it reaches the last ATH. And hopefully, the next ATH will occur in 2024 tomorrow.

I can only be prepared for all the possibilities that could happen later. If this is a bull trap, I will prepare the money to buy bitcoins because it is a good moment to accumulate bitcoins. I hope no big dump will happen because that will also create panic in the market, and people will come back to worry again. But the price will continue to go up as the correction seems to be over.

Long-term holders don't really think about current price conditions because their target is still far in the future. But for some people, this is a blessing because they can sell their bitcoins for a profit and buy more bitcoins when the price goes down. And if the market conditions like that continue, they can get more profit. New ATH speculation has been circulating on social media more and more, and we have to be careful with that speculation so that we can analyze the price to sell bitcoin.

This is indicative of being in bull when constant upper market movement still continue to happen. But its early to say anything about bullish condition since the leap is not big yet so maybe we can still say that this is just a recovery after dump happens. If price would reach to $30k maybe we can actually conclude that bullish season happen since for sure many people hype up on this condition since FOMO will possibly happen to other people here.

This price is exactly the same as it was before the FTX scam went bust. Therefore, the current behavior of the market is not indicative of being bullish but a turnaround of its normal price back then. However, I will be convinced that we are in a bullish market if this rapid price growth of bitcoin continues for several months. Regardless, I believe it is safer to assume that the bulls will not return to action until the following year. As a result, now is another good time to buy bitcoins because they are still cheap.

Why should the increase in January be considered a bull trap? Which I personally never even thought about a pitfall in Bitcoin. Everyone including you can see for yourself how Bitcoin has increased this month which even today has penetrated $ 23K +. Isn't this what those who want to recover the losses that have occurred last year really hope for?

I don't understand how other people think the increase now is a trap, but every time Bitcoin goes down a large size, the recovery will also be bigger even if it happens slowly and gradually. So I think there is no need to see this increase as a trap because it will only make everyone pessimistic about Bitcoin.

These are good things about a bear market for me, market cleaning the market like eliminating frauds or scams, and after that market is back again.
So for me, what we are experiencing right now is a pullback from the last quarter of 2022, where we experienced a bloody market.
For me, I am not still bullish for now, I am looking for wider, higher timeframes.

I don't think it's a question of the Bulls being back, it's a question of us getting back to normal. If you look at the history of bitcoin, its trend, and the halvings, last year we fell too much due to leverage exploding and scams like FTX affecting the whole crypto ecosystem.

Being at 20-something thousand USD at this point is the least we could expect.

Yes, is a bull trap OP because, the price BTC is changing gradually to allow those that never buy BTC to buy before the price will return back to $55k soon. Many people used last year to prepared themselves for 2023 because, they believed that this year will be more profitable than last year that made bear market took over the market through out the year. I guess, many people will surely use this bull season that is about to start in the market to recover from their losses they experienced few months ago in the community.

Yes, that is one reason why the price is climbing very fast, have you seen it today? it just passed $23k?

I guess with this good news, investors are willing to go back and invest their money now because they know that the economy is on the road to recovery. So let's hope that this positive outlook by the investors will continue, not just for crypto, but for stocks and other assets as well. Because we all know that this markets are connected to each other. So if one market goes on a uptick, the others will soon follow.

Inflation was the reason why it went up, if inflation goes down, the price of bitcoin goes down which is exactly what happened in the past year. The reason why 2022 was such a bad year was that FED increase the interest rates, and that is why the inflation slowed down, and the price of bitcoin dropped and the value of dollar got higher. So if the inflation is dropping down, the value of bitcoin can't go up, and that can't be the reason.

The reason why bulls are coming back is the fact that FED started not to increase the interest rates all that higher, and that means we are talking about a situation where people end up with putting their money in the banks but less and less now, meaning more money available to put into bitcoin.

I think this is because of inflation, and inflation is a general increase in the price of goods and services in a country at this time, the inflation data in the United States shows a decrease which has an impact on the increase in the price of bitcoin and the value of the dollar weakens.
But keep in mind that this does not guarantee that bitcoin will experience a significant increase in the future, because The Fed (Central Bank of the United States) will release inflation data again on February 1, 2023.
therefore, it is also necessary to pay attention to the latest data to be released by the Fed, and to be able to predict bitcoin price movements more accurately.
and another reason maybe because there are many new investors or users who don't want to be left behind or FOMO, but the increase that occurs will make many people believe in bitcoin even though there will always be a decrease. And this is what will scare those who end up panicking when the downturn comes back, and they should know because bitcoin is going to be much more profitable in the long run and it's the best option.