Is Bitcoin Heading Back To $23,000? - page 2.

ethereumhunter

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Quote from: TravelMug on February 10, 2023, 05:53:56 AM

Quote from: ethereumhunter on February 10, 2023, 12:03:54 AM

Quote from: TravelMug on February 08, 2023, 06:59:33 AM

Quote from: 19Nov16 on February 08, 2023, 04:31:05 AM

Yesterday I was worried that the bad trend would continue and the price would drop below $20k again, and today the market is rising again so that makes us optimistic that 2023 is the start of a skyrocket, even I really believe in February the price can reach $30k or go up more of 30% compared to the end of January price.

Same here, but then again, there are no momentum, or the price going back to $23,400 was not sustainable. I can see the price again on the $23,100. So anytime in the next 24 hours, the price might go down again.

And so it seems that $23k could be a big resistance this month. And now the bullish sentiments are slowing down a bit and hopefully it is not enough to see the price again going below $20k.

And as it turns out, the bitcoin price went down again to $21k and I guess many people didn't expect this to happen. Also, the market is now on the weekend, where corrections can be frequent and there may be flash dumps coming to the market. It looks like the second week of this month, bitcoin should still be in the current price range but hopefully, next week the price can increase again.

And even though the price is back to $20k, that's okay because we are still being given a discount to buy at that low price. After the price has been low for a while, bitcoin will go back up again. And that is the time when we again see the profit potential.

Yeah, unfortunately, what I predicted is slowly getting into shape, there is no momentum upward and now we are in the $21k'ish and so the bearish trend is slowly with us again this February.

In any case, just hold and continue to accumulate if the correction is deep for this month.

There is nothing better that seeing our sats increasing as we might be entering a period of consolidation.

And it looks like the current market situation is getting more interesting as this time, the price is able to stay in the $21k range. But can it go down any deeper? The answer is definitely yes and I don't know. Hopefully, that doesn't happen.

But many predict that the bitcoin price could slide below $21k and maybe $19k-$20k. So we must be prepared for everything that will happen later because we are still at the weekend, which can usually trigger the price to get another correction.

I agree that we should be able to collect more satoshis this time because the bitcoin price has fallen deeper than before. And if we don't use it, we may regret it later.

SirLancelot

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Quote from: el kaka22 on February 10, 2023, 10:40:22 AM

When this topic started, the question was "will it DROP to 23k" now we are aiming at going back to 23k. I think it is clear that sometimes things do not happen the way you want them to happen and we lose so much money because of it. I believe that things may not look to bright as of right now, but there is a good chance that it could go back to being better again in the future.

I think it is quite important to not lose hope and do not give up. If you lose hope and sell then you will regret it when the price starts to go back up again, worst case scenario you would hold your coins longer than you would like to, but it will go back up in the future and you will profit.

The OP asked it because he saw some signs that the rise won't continue further and it seems that he is correct with his predictions because days later, the price fell not only to $23k but it continued to $22k and now it was down to $21k but I am not sure if what you said there is true. Maybe I will only be convinced with that if we already break $22k and more (i.e $22.3k, $22.6k) something like that.

If you are only predicting the price blindly, without doing some analysis then yeah it won't mostly go against your predictions but I guess it's not really a big deal for you because are unlikely doing trades with that kind of knowledge you have.

ilovealtcoins

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Quote from: Pejoh Asu on February 10, 2023, 03:14:33 AM

I didn't expect it because the price has dropped again and is now around $21k, hopefully this is not a bear sign anymore, we are tired of market conditions which are difficult to increase, the beginning of the year has shown good performance because it has increased by more than 40%, hopefully tomorrow the market will be green again and could return to a position of $ 23k.

I don't see anyone getting tired of the current situation because those who have survived until now firmly believe that history will repeat itself and that the real bull season only comes when the halving takes place. What's going on is still a healthy market, and I find it very normal. Since bitcoin is up 40% in January, you shouldn't be upset when bitcoin corrects, you cannot expect bitcoin to just increase without falling.

Davian144

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Quote from: 19Nov16 on February 08, 2023, 04:31:05 AM

Yesterday I was worried that the bad trend would continue and the price would drop below $20k again, and today the market is rising again so that makes us optimistic that 2023 is the start of a skyrocket, even I really believe in February the price can reach $30k or go up more of 30% compared to the end of January price.

Now everyone is enjoying the market correction with Bitcoin price already under $22K again. But a correction with a percentage that is not that much is not a problem to be afraid of because a more significant increase usually occurs after the completion of a correction or a price decrease. For this month I'm just more optimistic on the increase in price which might be $25K more, but I don't think Bitcoin will get to $30K in this month.

el kaka22

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When this topic started, the question was "will it DROP to 23k" now we are aiming at going back to 23k. I think it is clear that sometimes things do not happen the way you want them to happen and we lose so much money because of it. I believe that things may not look to bright as of right now, but there is a good chance that it could go back to being better again in the future.

I think it is quite important to not lose hope and do not give up. If you lose hope and sell then you will regret it when the price starts to go back up again, worst case scenario you would hold your coins longer than you would like to, but it will go back up in the future and you will profit.

TravelMug

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Quote from: ethereumhunter on February 10, 2023, 12:03:54 AM

Quote from: TravelMug on February 08, 2023, 06:59:33 AM

Quote from: 19Nov16 on February 08, 2023, 04:31:05 AM

Yesterday I was worried that the bad trend would continue and the price would drop below $20k again, and today the market is rising again so that makes us optimistic that 2023 is the start of a skyrocket, even I really believe in February the price can reach $30k or go up more of 30% compared to the end of January price.

Same here, but then again, there are no momentum, or the price going back to $23,400 was not sustainable. I can see the price again on the $23,100. So anytime in the next 24 hours, the price might go down again.

And so it seems that $23k could be a big resistance this month. And now the bullish sentiments are slowing down a bit and hopefully it is not enough to see the price again going below $20k.

And as it turns out, the bitcoin price went down again to $21k and I guess many people didn't expect this to happen. Also, the market is now on the weekend, where corrections can be frequent and there may be flash dumps coming to the market. It looks like the second week of this month, bitcoin should still be in the current price range but hopefully, next week the price can increase again.

And even though the price is back to $20k, that's okay because we are still being given a discount to buy at that low price. After the price has been low for a while, bitcoin will go back up again. And that is the time when we again see the profit potential.

Yeah, unfortunately, what I predicted is slowly getting into shape, there is no momentum upward and now we are in the $21k'ish and so the bearish trend is slowly with us again this February.

In any case, just hold and continue to accumulate if the correction is deep for this month.

There is nothing better that seeing our sats increasing as we might be entering a period of consolidation.

bitzizzix

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Quote from: Pejoh Asu on February 10, 2023, 03:14:33 AM

I didn't expect it because the price has dropped again and is now around $21k, hopefully this is not a bear sign anymore, we are tired of market conditions which are difficult to increase, the beginning of the year has shown good performance because it has increased by more than 40%, hopefully tomorrow the market will be green again and could return to a position of $ 23k.

As long as you do it for the long term, there's nothing to worry about because your goal is the highest price or a satisfactory profit. And I think this is still a healthy correction as the bitcoin price is struggling to reach 25K which there is a possibility that it will continue to reach 29K/30K, and this decline may be due to several factors.
and one of them because some new investors took profit after bitcoin price hit 24K in early February after they bought low and they still don't have the patience, and fear or Fomo, and hopefully bitcoin price doesn't drop more than 20K. Because if that happens there is a possibility that the bitcoin price will return to 17K.
the price of bitcoin is not easy to predict and the ups and downs of the price of bitcoin can occur due to several factors that make it reverse direction, and long term is the best choice for bitcoin.

Pejoh Asu

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I didn't expect it because the price has dropped again and is now around $21k, hopefully this is not a bear sign anymore, we are tired of market conditions which are difficult to increase, the beginning of the year has shown good performance because it has increased by more than 40%, hopefully tomorrow the market will be green again and could return to a position of $ 23k.

ethereumhunter

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Quote from: TravelMug on February 08, 2023, 06:59:33 AM

Quote from: 19Nov16 on February 08, 2023, 04:31:05 AM

Yesterday I was worried that the bad trend would continue and the price would drop below $20k again, and today the market is rising again so that makes us optimistic that 2023 is the start of a skyrocket, even I really believe in February the price can reach $30k or go up more of 30% compared to the end of January price.

Same here, but then again, there are no momentum, or the price going back to $23,400 was not sustainable. I can see the price again on the $23,100. So anytime in the next 24 hours, the price might go down again.

And so it seems that $23k could be a big resistance this month. And now the bullish sentiments are slowing down a bit and hopefully it is not enough to see the price again going below $20k.

And as it turns out, the bitcoin price went down again to $21k and I guess many people didn't expect this to happen. Also, the market is now on the weekend, where corrections can be frequent and there may be flash dumps coming to the market. It looks like the second week of this month, bitcoin should still be in the current price range but hopefully, next week the price can increase again.

And even though the price is back to $20k, that's okay because we are still being given a discount to buy at that low price. After the price has been low for a while, bitcoin will go back up again. And that is the time when we again see the profit potential.

GreatArkansas

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Quote from: 1miau on February 09, 2023, 08:52:14 PM

(....)
Yes, we expect gains from BTC but plz let be realistically. We have already gained a lot in January, so a phase to cool down a bit is very vital in the long-term.

Agree. I rather have a healthy price movement than have crazy pumps without correction. With these testing supports, it will just help the Bitcoin market to be healthy. Healthy pumps and dumps are good to the market. It will not always pump, we must also have a correction along the way.
These dumps or corrections are also a good opportunity for people who are waiting for a buying opportunities.

1miau

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It looks like some people already got FOMO. Cheesy

But we should be realistic for now:

Bitcoin gained a lot in January, rising over 40% from 16,500 USD to 23,000 USD, which is one of the best January statistics since Bitcoin was launched.
After gaining over 40%, it's completely normal to have a dip, when few people are realizing profits.
We are still way over 20k USD, which is a great support level for Bitcoin's next gains. Before Bitcoin is going up, a small consolidation doesn't hurt. Wink

Yes, we expect gains from BTC but plz let be realistically. We have already gained a lot in January, so a phase to cool down a bit is very vital in the long-term.

TravelMug

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Quote from: 19Nov16 on February 08, 2023, 04:31:05 AM

Yesterday I was worried that the bad trend would continue and the price would drop below $20k again, and today the market is rising again so that makes us optimistic that 2023 is the start of a skyrocket, even I really believe in February the price can reach $30k or go up more of 30% compared to the end of January price.

Same here, but then again, there are no momentum, or the price going back to $23,400 was not sustainable. I can see the price again on the $23,100. So anytime in the next 24 hours, the price might go down again.

And so it seems that $23k could be a big resistance this month. And now the bullish sentiments are slowing down a bit and hopefully it is not enough to see the price again going below $20k.

19Nov16

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Yesterday I was worried that the bad trend would continue and the price would drop below $20k again, and today the market is rising again so that makes us optimistic that 2023 is the start of a skyrocket, even I really believe in February the price can reach $30k or go up more of 30% compared to the end of January price.

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Quote from: AverageGlabella on February 06, 2023, 08:45:13 PM

Maybe it will go down further but I do not think we will go down to $15000 and I do not think we should be worried about it correcting a little because we should know that a bull run atm is impossible there has been to much instability and people are gaining faith back slowly but they have not gained full confidence yet that a bull run would require.

Most likely Btc will not gonna fall that low simply because it has enough trading volume to sustain the price level since the year started, and yeah people are gradually gaining their faith back after learning of the price improvement since it was last seen below $20k.
The most recent news regarding the fed's remarks on inflationary control has caused Bitcoin to surge back to $23k. That's what mostly the articles were saying, right after the fed's remark, Btc fell a few hundred dollars, but it didn't really go as low as $22k, which is good thing.

Captain Corporate

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It is above that already, and thats a pretty good thing, I feel like its going to be quite an important task and quite important day. I am not saying that it will be pretty impossible to go back over 23k, it was already near but we have reached that above level already and that's a good thing. It shows that if we try to go any lower, it won't really go down any lower and whenever we tried, it just bounced back up. Thats a proof that this wasn't a dead cat bounce or something, it was a real life big increase and its here to stay without a doubt, I do not think that anything else could happen, we should be considering that as a way of bull run starting.

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Quote from: _BlackStar on February 07, 2023, 06:32:52 PM

It's always difficult to make accurate predictions in the short term, and it's likely that bitcoin will sideways for while between $20K and $25K.

The market has tested $25K several times since January, but has yet to touch it. I believe eventually it will kick in, but I don't know if it will be during February or March. The price has broken through $23K again now after dropping at $22.6K the previous day, but the potential for an rise is always there up to $25K during this month.

Yes, it is really just hovering within these levels and same words that we are saying when bitcoins its playing around 15-20k which it did really happen few months ago on where we dont even know on where it would be heading but it is really good to look at that we are really that seeing some progress or increase increments at least which we could tell that we might be able to see some recovery sooner or later.It is really just that people do really need to prepare for whatever things that they might be able to encounter ahead because we do know that there's no such thing about
assurance if we do speak on what it would be its price into a particular point, there's no way that we could exactly tell.

_BlackStar

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It's always difficult to make accurate predictions in the short term, and it's likely that bitcoin will sideways for while between $20K and $25K.

The market has tested $25K several times since January, but has yet to touch it. I believe eventually it will kick in, but I don't know if it will be during February or March. The price has broken through $23K again now after dropping at $22.6K the previous day, but the potential for an rise is always there up to $25K during this month.

Rigon

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Quote from: Dr.Bitcoin_Strange on February 06, 2023, 05:21:02 PM

If things do take a turn in the market, the next support level to watch is around $21,000, and if it breaks below that, Bitcoin could be headed towards the $20,000 mark.

It's not so difficult for Bitcoin to climb to $23,000, is it? I was even surprised when Bitcoin moved past $23,000. I never thought Bitcoin could even reach $24,000 by these early months of 2023 after seeing some speculation last year in December, where I watched a video on YouTube and the man talked about the new price to watch out for in January 2023. He said Bitcoin investors should expect to see the price fall below $13,000, and I felt somehow convinced that the price would plummet at the beginning of last month, but that was not the case.

@OP: I am convinced that in the crypto space, price movement could go either way as fast as it can, so nothing is impossible.

The Bitcoin market is now hovering between $23,000 and $22,000. Not only you, but all investors and traders here are surprised that the price of Bitcoin has improved at the beginning of the new year. After the bloody year of 2022, when people can see the improved condition of the market, the lamp of hope wakes up in everyone's mind. Many people speculated that the Bitcoin market would hover between $12,000 and $13,000. Remembering this many people were waiting to invest. But instead of that, the market moved to the top and stayed up to $24,000. Now the market is again at 23 thousand dollars. Let's see if the market can create a better position.

AverageGlabella

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Maybe it will go down further but I do not think we will go down to $15000 and I do not think we should be worried about it correcting a little because we should know that a bull run atm is impossible there has been to much instability and people are gaining faith back slowly but they have not gained full confidence yet that a bull run would require.

STT

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23k is arguably the resistance now. We must be breaking the 2 day average and trade above that descending momentum and also imo regain the weekly average. While that possible recovery is ongoing we are within a range, 23k top of that probably and 22.7k the low seen recently is the bottom of that range.
When we break either side of this fenced in situation there is quite likely a strong indicator of the direction we will be taking further out then this business week start:

For the last few days the thin blue line above has been a rough limiter to aspirations upwards.

Topic: Is Bitcoin Heading Back To $23,000? - page 2. (Read 436 times)