BTC bulls back? - page 9. | Bitcointalksearch.org

kotajikikox

full member

Activity: 2590

Merit: 228

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 .

S A KHAIR

full member

Activity: 952

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1xBit recovered their reputation

Everyone thinks bitcoin will continue to go down in 2023 because it shows no signs of growth. But then people believed we had bottomed when we saw bitcoin go from 16k to 21k. It can be said that no one can predict the price of bitcoin, it is all just predictions with no guarantees. Regarding my prediction, I would say this is a price trap because I believe history will repeat itself and bitcoin will only increase when the halving occurs.

Baofeng

legendary

Activity: 2576

Merit: 1655

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.

Ryu_Ar1

hero member

Activity: 1008

Merit: 724

Regardless of whether this is a bull trap or indeed bullish, now it has happened, I think it doesn't really matter.
Maybe for some people this is important but I personally don't feel like it's now something that really interests me because regardless of anything as long as they haven't touched $30k I think it's still worth it.
As for the steps taken now, it's clear that I will do the same as before DCA and continue DCA until the conditions really become bullish and pass the $ 30k mark, regardless of future conditions whether it will return to $ 16k or worse than that, I'm not too sure I don't care, I'd be happier if something like this could still happen.

STT

legendary

Activity: 4102

Merit: 1454

Price is like an elastic band, for us to go only in one direction should be unusual so what can happen is sharp rallies and yet the overall trend is not returned to positive. We are still in a state where it remains unproved if BTC is exploring higher prices only to resolve downwards, this is quite possible and time plus volume must prove to us otherwise for certainty and confirmation.
Lows of today are on 2 day average, to me we need to close this weekly bar positively just above 20k to me would be quite solid compared to all the prior rally attempts that fell apart at first test. The test is the proof so its still to be decided imo.

bestcoins1

hero member

Activity: 2338

Merit: 737

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.

When looking at time through history for dips, then either now or this year is the time for Bitcoin to begin a gradual recovery from the dips it has experienced in the past year and I personally don't see this as a bull trap due to the recent uptick. occurs slowly usually will be more stable and stronger at the support level. So I assume 2023 is the Bitcoin recovery period before the next bull comes next year because I don't think it will come this year.

pooya87

legendary

Activity: 3472

Merit: 10611

Your expectations were wrong back then and they are still wrong.
Just because there was a market manipulation and price went below intrinsic value doesn't mean it can continue falling down more! Similarly just because we broke one major resistance at $20k it doesn't mean we are in a bull run, the price simply corrected itself and went back up trying to get closer to a realistic value otherwise it still takes time to enter a bull market.
So far the signals are positive though.

CryptounityCUT

copper member

Activity: 71

Merit: 16

If we look at the macro level - all the politician perspectives (Russia at war, stocks are going down, house market is going down...) we can all think yeah maybe institutions are starting to put their money into BTC, but I think that average price institutions are buying was at 16k and 32k approximately, this means - if the recession is here I think they want to close their positions at 32k, which means that at that level we can see a huge selloff. We have all already seen how quickly price can rise and fall on BTC. I think that cryptocurrencies are not yet a safe heaven for institutions. So in my opinion I am buying BTC and others, but I forget this money so I invest an amount I will not miss for about a few years.

I think this is a bull trap. Nobody knows what will happen on the other side of the planet who will invest big and who will sell big at a particular time. Be aware and invest as much as you are comfortable.

Nwada001

hero member

Activity: 798

Merit: 702

BTC just recovered back to it's price before the incident of FX exchange. I was lucky enough to have gotten my self some btc in early December which makes me to be on a profit side already.
Starting now is also not a bad idea for I believe it's a new beginning for BTC price, we are to see more bull run in the coming days.

Smartprofit

legendary

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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

When we say this is a bull trap, we mean that traders who are betting on the rise in the price of bitcoin in the short term need to be careful. Yes, perhaps this is true ....

It is quite possible that neither in 2023, nor even in 2024, the price of the first cryptocurrency will exceed 50,000 US dollars. However, if we consider the situation on the market from the point of view of a long-term investor, then buying Bitcoin at a price of $21,000 seems absolutely justified.

In the future, the price of Bitcoin will rise, and the prudent investor will make good profits.

However, he may have to wait until the price of the asset exceeds $100,000.

worle1bm

full member

Activity: 1834

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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

And why was you thinking it would remain down this year also? I think it's just another one of the speculation but it's the market circle that it will pump back again.Most of us believe this year can be good for bitcoin but calling this pumps bull cycle is too much early as the next moment we could see down trends in graphs so nothing is certain.The investors have good chance to invest at long prevailing dips but now it seems they are recovering but will take time to back in bull phase completely.

franky1

legendary

Activity: 4424

Merit: 4794

unless there is a 6 month sustained hashrate crash compared to the previous 6 months. then the $15k bottom would be the good test of this cycles bottom

as for hoping for a spike rise to a new ATH within weeks/months.. no. so please calm that dream too

since april last year alot of whales have been investing alot.. but via "futures contracts" where they then as a side investment arbitrage the spot market to control the market in a "step pattern" to keep numbers below their bets to ensure their bets flourish
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done in steps of 1-8 week step (artificial flatlines)

the december2022 was a month long wait of suppressing the price below $17k which finalised at the new year and allowed the whales to then 'release' that resistance line to allow the price to move above $17k

however last week we are seeing a new artificial resistance line at $21500k (25% above $17k)
so we will start to see due to lack of ability to go down from 2022 bottom.. a step up 'loosening up of resistances' pattern
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however these step ups might be weekly per step.. or as long as 8 weeks per step

Fullcoinese

full member

Activity: 407

Merit: 136

we cannot yet indicate that Bitcoin is currently in a bull trend. but the current pump is quite good because the impact of several dumps that have occurred is very serious for a very long time.
we will still see some dips followed by the usual pump. but maybe Bitcoin will stay at $20k at the beginning of the first quarter of this year.
but maybe there will be a better situation with a longer rally. but remember corrections can still happen at any time. just avoid selling too fast. or you panic when you see a drop after the pump that happened. hold tight to your Bitcoin.

Oshosondy

legendary

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Gamble responsibly

You have better ways to invest on an asset in a way it can become profitable, one of the ways is dollar cost average (DCA), or use other averaging strategy for it. You do not need to use all your money to buy bitcoin at once, you can just use certain small amount to purchase bitcoin weekly. But I will still say buying now is good just like we said it before the FTX implosion that bitcoin decreased to $15400, but it is now over $21000 again.

Why you bully me

member

Activity: 148

Merit: 13

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

Topic: BTC bulls back? - page 9. (Read 1422 times)