BTC bulls back? - page 8. | Bitcointalksearch.org

Wapfika

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Quote from: Why you bully me on January 16, 2023, 02:41:28 AM

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

Forr sure bulls is already back because there will be no huge volume to drive the price up without them. Retail trader is too afraid to purchase before this rally occured so I'm sure they are behind this. The important question is until what price they will continue buying because there's a lot of institutional investors stuck on high price and probably will take profit or cut-loss if they will be given another chance. There is no guarantee that this kind of bullrun will be on long term due to it's quick pump behaviour. Real bullrun typically moves in parabolic pattern with steady growth. We didn't even made a double or multiple bottom as basis for a reversal on the general trend of the market. Using a long time frame to view the price action is the best basis to determine if this is a real bullrun.

DaNNy001

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Quote from: maydna on January 18, 2023, 11:39:34 AM

Even though this is a bull trap, we are seeing the price rise to $21k and on its way to $22k. And whether it will achieve today, tomorrow, or even the day after tomorrow, our profits will increase. But some say that this time is a bull trap coming. And after this, the price will go down again. Whether it is a bull trap or a real uptick in bitcoin, we must remain vigilant and not let our guard down because anything can happen. It is also possible that now is the recovery phase for bitcoin before it jumps to the last ATH and creates a new ATH.

This price hike is actually win - win situation for some individuals that are ready to utilize it. Everyone keeps saying that the sudden rise in the price of bitcoin is a trap but I don't see it that way, you are the one with the investment you can choose to collect the additional profit in your investment due to the price rise or you can just wait and hold till a major bull run is experienced which can eventually lead to ATH but no ones know when that's gonna happen, everyone is speculating its going to be 2024 and this sudden rise is the starting of recovery for bitcoin towards its expected and speculated bull run.

EarnOnVictor

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2022 was a bad year for Bitcoin, I would not expect it to continue in 2023, especially at a time when the inflation graph does not have an upward pointer anymore. Inflation aggravated last year, and no thanks to the Russia-Ukraine war that lingers, but the world government are doing all in their capacity to subside the situation.

That said, I was very patient for the year 2023 to start before speculating, and it was easy to see a bullish trend since the first week of the year. And as a fact, a long-term bullish trend has been active, I hope it does not know below $16,000 again in the first quarter of the year.

fzkto

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Quote from: bitterguy28 on January 20, 2023, 03:03:15 AM

Quote from: maydna on January 18, 2023, 11:39:34 AM

Even though this is a bull trap, we are seeing the price rise to $21k and on its way to $22k. And whether it will achieve today, tomorrow, or even the day after tomorrow, our profits will increase. But some say that this time is a bull trap coming. And after this, the price will go down again. Whether it is a bull trap or a real uptick in bitcoin, we must remain vigilant and not let our guard down because anything can happen. It is also possible that now is the recovery phase for bitcoin before it jumps to the last ATH and creates a new ATH.

but it stopped climbing 22k instead falling now to 20k again and still lowering , and also while you already admitted this as Bull trap then surely you have idea what to do in the coming days? yeah it is hard to listen to the market when it is showing it this way.
ATH will be there in the year or two but for now be pleased that we had this small run recently and afford to gain something like 20% before dumping again.

The price is now in the former 16-21k range. Therefore, it cannot be said that the bears have gone or the bulls have come. Maybe next week, after the official Genesis bankruptcy, bitcoin will fall back to the support line. Alternatively, if the market does not react to these events, the price could break through 21k. If that happens, we could be talking about the start of a local bullish season.

davis196

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Quote from: Why you bully me on January 16, 2023, 02:41:28 AM

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

1.Your forum nickname is weird. Who is bullying you?
2.The recent price spike is temporary. We will be witnessing many price pumps and drops during the crypto winter. I wouldn't call it a "bull trap" because the serious bulls haven't started buying yet. This definitely isn't true price recovery, because there isn't such thing as "price recovery". The current price is what the market wants, because it balances the current market levels of supply and demand.
The ATHs in the past were a result of FOMO price bubbles. I'm sure that there will be more FOMO price bubbles in the future.

ilovealtcoins

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Quote from: Why you bully me on January 16, 2023, 02:41:28 AM

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 believe this is a price trap, as I believe history will repeat itself, bitcoin will only go up and reach ATH after the halving. Besides, along with the world economic situation has not improved much, so it is not possible to expect a bull market this year. I still expect bitcoin to fall back soon and possibly hit a new bottom, which would be a good thing.

bitterguy28

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Quote from: maydna on January 18, 2023, 11:39:34 AM

Even though this is a bull trap, we are seeing the price rise to $21k and on its way to $22k. And whether it will achieve today, tomorrow, or even the day after tomorrow, our profits will increase. But some say that this time is a bull trap coming. And after this, the price will go down again. Whether it is a bull trap or a real uptick in bitcoin, we must remain vigilant and not let our guard down because anything can happen. It is also possible that now is the recovery phase for bitcoin before it jumps to the last ATH and creates a new ATH.

but it stopped climbing 22k instead falling now to 20k again and still lowering , and also while you already admitted this as Bull trap then surely you have idea what to do in the coming days? yeah it is hard to listen to the market when it is showing it this way.
ATH will be there in the year or two but for now be pleased that we had this small run recently and afford to gain something like 20% before dumping again.

Kemarit

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Quote from: maydna on January 18, 2023, 11:39:34 AM

Even though this is a bull trap, we are seeing the price rise to $21k and on its way to $22k. And whether it will achieve today, tomorrow, or even the day after tomorrow, our profits will increase. But some say that this time is a bull trap coming. And after this, the price will go down again. Whether it is a bull trap or a real uptick in bitcoin, we must remain vigilant and not let our guard down because anything can happen. It is also possible that now is the recovery phase for bitcoin before it jumps to the last ATH and creates a new ATH.

If that is the case then we can't call this a bull trap anymore as the price continue to go up. We have seen it go as high as $21,500 in the last 2 days and I thought it will continue to go to $22,000.

But some minor correction but then again we are back to $21,000.

So doesn't look like bull trap, on the other hand, it could be a bullish run, and the next stop could be $25,000. ATH though could be around 2024-2025 and not this year. We still need for the catalyst to happen, and that is the block halvening.

maydna

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Even though this is a bull trap, we are seeing the price rise to $21k and on its way to $22k. And whether it will achieve today, tomorrow, or even the day after tomorrow, our profits will increase. But some say that this time is a bull trap coming. And after this, the price will go down again. Whether it is a bull trap or a real uptick in bitcoin, we must remain vigilant and not let our guard down because anything can happen. It is also possible that now is the recovery phase for bitcoin before it jumps to the last ATH and creates a new ATH.

Why you bully me

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Quote from: Nrcewker on January 17, 2023, 12:35:24 PM

Quote from: Why you bully me on January 16, 2023, 02:41:28 AM

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

Why listening others opinion mate? Analyse yourself the market. If you see the past year patterns of Bitcoins, then this year Bitcoins are bound to go up. So yes there are high chances that BTC will go up this year. If you are waiting for more cheap price to buy the Bitcoins, then definitely you will miss the golden chance of acquiring Bitcoins. As seeing the current growth, I don’t think BTC will fall in price any soon. So if possible buy as many Bitcoins as you can now, and hold for 3-4 months. Then definitely you will see great profits in your wallet.

I like to see what other people think :3

Why you bully me

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Quote from: Dickiy on January 17, 2023, 12:47:34 PM

Quote from: Why you bully me on January 16, 2023, 02:41:28 AM

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 am not sure about the position of this market, many say that this is a trap and many say that now the Bull run is scheduled earlier.
But I didn't really pay attention to that, because I was just waiting for the timetable to continue my DCA this month to find the right price.
I'm only looking to accumulate long term, even though I'm quite interested in the price increase, but it seems I'm still going strong for DCA no matter what.
If this is a trap I'd be more than happy to wait for a price drop to add to my bitcoin portfolio.

Are you waiting like me then :3?

Emitdama

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Quote from: uneng on January 17, 2023, 07:39:08 AM

It takes longer to conclude if the bull is back. If Bitcoin continues behaving like it has been doing since days ago for a month, we will have a better comprehension of the market in the sense it's getting bullish again. However, if prices just stuck at currently range, it can't be considered the bearish tendency was totally reverted, even though it's a decent booster of confidence and optimism for investors to have BTC strong at 21,000$ zone.

We can't tell if it's really long. Don't forget that Bitcoin can do some really quick pumps too so we may be at $40k to $50k just before we end this month and I think that was safe to say that we are now at the bull run because when those high price are hit, the price will likely go for more increases, not like to when there is only a small recovery because the price will then fall down just like on what we have last time so people shouldn't be too optimistic for a small gain that we have lately which will then lead us to adding more coins because there is a chance that it was only a trap prepared by the whales and we will only lose instantly.

GeorgeJohn

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Quote from: Why you bully me on January 16, 2023, 02:41:28 AM

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 never taught of that, i knew that Bitcoin will have another shape in the market, because what determines the increment of Bitcoin is the turn up of the market by the people. So therefore bitcoin going up this time is not surprising, i believe that Bitcoin will definitely increase but it will get to a point that the price will be stabilized or depreciates, let us not assume that the price will continue to accelerate for now.

Yatsan

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I'm not sure if it is a bull trap but I do think that this is not a bullish trend. One reason is that there is no concrete cause of the price increase other than what CIP have reported. This could just be a hype up but atleast, we saw one. Given that the market price suffered and struggled for a couple of months, it is nice seeing such thing because it simply shows that there is still hope given that many investors were discourage of the negative market behavior from the past few months.

Quote from: Dickiy on January 17, 2023, 12:47:34 PM

Quote from: Why you bully me on January 16, 2023, 02:41:28 AM

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 am not sure about the position of this market, many say that this is a trap and many say that now the Bull run is scheduled earlier.
But I didn't really pay attention to that, because I was just waiting for the timetable to continue my DCA this month to find the right price.
I'm only looking to accumulate long term, even though I'm quite interested in the price increase, but it seems I'm still going strong for DCA no matter what.
If this is a trap I'd be more than happy to wait for a price drop to add to my bitcoin portfolio.

The increase is more expected in 2024 regarding the anticipated Bitcoin halving. We may see spikes such as with what we have seen lately, as this year continues. As investors, we should really be taking advantage of the market behavior but we should not be too carried away by it given that this industry is way unpredictable.

Dickiy

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Quote from: Why you bully me on January 16, 2023, 02:41:28 AM

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 am not sure about the position of this market, many say that this is a trap and many say that now the Bull run is scheduled earlier.
But I didn't really pay attention to that, because I was just waiting for the timetable to continue my DCA this month to find the right price.
I'm only looking to accumulate long term, even though I'm quite interested in the price increase, but it seems I'm still going strong for DCA no matter what.
If this is a trap I'd be more than happy to wait for a price drop to add to my bitcoin portfolio.

Nrcewker

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Quote from: Why you bully me on January 16, 2023, 02:41:28 AM

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

Why listening others opinion mate? Analyse yourself the market. If you see the past year patterns of Bitcoins, then this year Bitcoins are bound to go up. So yes there are high chances that BTC will go up this year. If you are waiting for more cheap price to buy the Bitcoins, then definitely you will miss the golden chance of acquiring Bitcoins. As seeing the current growth, I don’t think BTC will fall in price any soon. So if possible buy as many Bitcoins as you can now, and hold for 3-4 months. Then definitely you will see great profits in your wallet.

OgNasty

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People are starting to ask me about Bitcoin again. There's definitely an interest and the regular folks are noticing that we seem to have bounced off the bottom. This is usually scary for me, as when the regular folks start taking an interest in BTC, that's usually the worst time to be in the market. I'm not sure we're there yet though. I haven't been getting questions from the "usual suspects" yet. I feel it coming though. Be careful and don't try to trade this market with any leverage. Ultimately, I think we'll move up and the bulls will start running, but I also think exchanges are foaming at the mouth to liquidate customers when given the opportunity and that will cause volatility.

KnightElite

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Quote from: Baofeng on January 16, 2023, 06:05:53 PM

Quote from: Why you bully me on January 16, 2023, 02:41:28 AM

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

Hard to say, but if you look at previous history, after a worst year, like in 2018 we bounce back a bit in 2019 in preparation for the bitcoin block halving in 2020. So this might be the same scenario here, 2022 is one of the worst bear market, but maybe this 2023 we could see a recovery, not the bull run that we expecting, but at least a good $30k-$40k at the end of the year will not be that bad isn't it.

In any case though, either bull trap or true recovery, I will advise you to continue to accumulate, the price is still very cheap today. Save and stack sats as much as you can and then we will see what will be the price in the next bull run, it could be a conservative $100k or higher. And that will be a huge profit for us if we start to pile up BTC thru DCA or any strategy that works for you.

The recent recovery became the reason why we saw a new market sentiment, people are now being happy after they see that the price of the bitcoin is finally goes back $20,000, it is a good move for the BTC because of the consecutive monthly down of its price. I'm part of the people that saying reversal is now happening and it can take weeks to months for us to see that the price of the bitcoin will create series of higher highs and higher lows. If we have enough plan for this new trend then we can catch a lot of opportunities.

uneng

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It takes longer to conclude if the bull is back. If Bitcoin continues behaving like it has been doing since days ago for a month, we will have a better comprehension of the market in the sense it's getting bullish again. However, if prices just stuck at currently range, it can't be considered the bearish tendency was totally reverted, even though it's a decent booster of confidence and optimism for investors to have BTC strong at 21,000$ zone.

arwin100

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Quote from: kotajikikox on January 16, 2023, 09:52:34 PM

Quote from: Why you bully me on January 16, 2023, 02:41:28 AM

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

Bull trap or Bull market still take this as opportunity to gain , Buying in the recent month ? and sell these days? then surely we are growing profit .

but if you are targeting to buy now ? then take that risk OK? because it is not even easy to predict the case now because bitcoin are up for almost 30% and there are other chance of gaining more? or at least dropping more .

This is good condition already for people which think about taking their profits since profit is already generated by this btc price pump happened. And we don't know what will be the next scenario to came either we face a total bull market or just another bear trap so we should think about taking position to gain since anything could happen in the market.

Topic: BTC bulls back? - page 8. (Read 1422 times)