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.
Topic: Is Bitcoin Heading Back To $23,000? - page 3. (Read 510 times)
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It looks like bitcoin is making its position strong at $23k and it looks like we'll be sitting around the price range for some time period same as that we had $17k for longer time period. However Market is in good position without much of negative news circulating around. This can keep the market strong than dragging backwards.
hope that negative news does not appear which will certainly affect the current position of bitcoin. The price which is still holding in the $23k area (but now still slightly below it) is certainly a pretty strong price.
As long as bitcoin remains above the $20k price bitcoin still has a chance to go even higher. $25k is the next target, whether bitcoin is able to reach it or not. If you still can't then bitcoin will make some more corrections and of course we all have to be prepared for the next shock.
It looks like bitcoin is making its position strong at $23k and it looks like we'll be sitting around the price range for some time period same as that we had $17k for longer time period. However Market is in good position without much of negative news circulating around. This can keep the market strong than dragging backwards.
Whenever there is a price surge in Bitcoin and suddenly there is a pullback, it show and build confidence such that, I become certain that the price surge was not due to a market pump but a natural market movement.
So this point to the fact that Bitcoin price must not continue in one direction and at regular interval, the price can correct back to a low level before it pulls up again.
So this point to the fact that Bitcoin price must not continue in one direction and at regular interval, the price can correct back to a low level before it pulls up again.
Bitcoin price is already below $23k, it continues declining and now it is around $22,8k. But I think it is normal, we don't need to panic because we should have a drop in price after some pumps previously. I am very sure that this decline won't be below $20k, probably the drop continues until $20k-$21k. It is a very possible zone of Bitcoin price before it tries to target passing $25k in the next few weeks.
Anyway, if we are holding for the long term, we don't need to be so serious about the current drop. Only traders need to monitor the price, especially those who trade daily.
Anyway, if we are holding for the long term, we don't need to be so serious about the current drop. Only traders need to monitor the price, especially those who trade daily.
I am waiting for the confirmation of the BTC direction trend for safe trading but it is not easy to make money even though BTC is in an uptrend. You make all kinds of moves to make the investor lose and if you put a stop, you stop with a single needle as soon as you take it from the spot you keep it at a loss by decreasing. Binance whales disrupt psychology by using the best artificial intelligence systems produced in this regard in particular.
If you sell btc as soon as you recover the loss, this time it will go up like crazy in a single candle regret it and make you unhappy again. It builds a nest somewhere at the top no longer descends from here the direction goes up in the same second as you take your lesson 1.5k dollars goes down in a 15-minute candle. Waiting there for a week depresses morale. The story returns to the beginning when i say i sold it again and got rid of it as soon as it went up.
There is no official confirmation in here but we should only act according to what we see. The trend is bullish. There are declines that is seen but that was only small and we are still around 23k USD and I think what have happened was only a correction because we did reach above $24k in this current bull run.If you sell btc as soon as you recover the loss, this time it will go up like crazy in a single candle regret it and make you unhappy again. It builds a nest somewhere at the top no longer descends from here the direction goes up in the same second as you take your lesson 1.5k dollars goes down in a 15-minute candle. Waiting there for a week depresses morale. The story returns to the beginning when i say i sold it again and got rid of it as soon as it went up.
When the price is rising, it's actually easy to make money. All you gotta do is sell, as long as you already bought at the dip before. If you don't want to regret then sell only a few amounts so that you still have something to sell once the price rise again. As long as you sell at a profit, you should be happy and contented already. Being greedy is bad, remember that.
Finally, as I mentioned earlier, the bitcoin price moved back towards the $23K level. In time, the bitcoin price completed the fifth wave and for now the market may cool off and bounce back. speculators must wait for the next confirmation to make another position.
https://www.tradingview.com/x/TUJNNS6j/
https://www.tradingview.com/x/TUJNNS6j/
Price currently $23150 & I fear that we could fall sharply & regest $20000. The pump from $16000 was impressive but it happened fast. We need to successfully bounce off $20000 or there will be fears that this is just a bear market rally, meaning the bottom is not in & lower lows are coming.
Weekly close tonight will be important. I’m looking for $22500 to hold otherwise we could be in for a world of pain. Avidly watching charts as the day closes out.
Weekly close tonight will be important. I’m looking for $22500 to hold otherwise we could be in for a world of pain. Avidly watching charts as the day closes out.
Agree on this. Using a 4hr time frame on price chart clearly show how bearish it will be on the next few hours before the weekly candle print. This will be the first red weekly candle since this rally started if ever Bitcoin will close below 24K level since this the price that needs to break to continue this bull run.
You’re right that we might retest again the 20K level since that’s the price for psychological barrier in trading. I hope that Bitcoin will not close below 23K then start strong again for this upcoming candle.
Price currently $23150 & I fear that we could fall sharply & regest $20000. The pump from $16000 was impressive but it happened fast. We need to successfully bounce off $20000 or there will be fears that this is just a bear market rally, meaning the bottom is not in & lower lows are coming.
Weekly close tonight will be important. I’m looking for $22500 to hold otherwise we could be in for a world of pain. Avidly watching charts as the day closes out.
Weekly close tonight will be important. I’m looking for $22500 to hold otherwise we could be in for a world of pain. Avidly watching charts as the day closes out.
- The price of bitcoinBTC is slowly coming down.
- The price action is showing a higher-low formation from the $24,250 level.
- Elliott waves give a bearish signal towards $23000.
The buyers often failed to register another sustainable high above $24,200. Everyone is looking to celebrate Bitcoin's new 2023 high. There is unlikely to be a slight panic among speculators as the sentiment indicates a minor correction in the BTC price.
https://www.tradingview.com/x/aj4E64dX/
BitcoinBTC price action forms higher-low and lower-high patterns in the near term. This bearishness comes with Sellers most favorite strategy of Elliott Waves Theory. The hourly price action has registered the fourth level of waves at the fib retracement of the 0.5 level. If the next horizontal support breaks, the market is likely to witness further decline towards the $23000 mark from the current levels of $23,440.
$23,200 appears as an immediate support as the bulls draw an ascending trend line. This breakout could take bitcoin price towards $23,000 to complete the correction before any bullish recovery.
losing thoughts
BitcoinBTC price often retests the consolidation zone, which means bears are actively trying to maintain dominance at higher levels. For safe trading, speculators should wait for the confirmation of the directional trend.
Finally, as I mentioned earlier, the bitcoin price moved back towards the $23K level. In time, the bitcoin price completed the fifth wave and for now the market may cool off and bounce back. speculators must wait for the next confirmation to make another position.
https://www.tradingview.com/x/TUJNNS6j/
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Like the market's movements in January, a recovery of >35% is a very optimistic signal. Most likely in February there will be more corrections lower and lower volatility to form a pinned 15k "bottom". We're at 23k3 and that's a good thing. From there, it's easy to see how faster bitcoin moves. My expectation is bitcoin will break 25k this February. In addition, the 18k price area will be strongly supported.
But we must remain vigilant about the current situation because if you look at the movement, the bitcoin price has not experienced too deep a correction and tends to be in a sideways position. It could experience a fast dump that we don't even notice and could trigger the price to be lower than it is now. Let's hope next week will be better than now so that the bitcoin price can go higher than $24k. We are all hoping for the price to break through $25k or even higher, although we can't be sure that will happen this month. 
Like the market's movements in January, a recovery of >35% is a very optimistic signal. Most likely in February there will be more corrections lower and lower volatility to form a pinned 15k "bottom". We're at 23k3 and that's a good thing. From there, it's easy to see how faster bitcoin moves. My expectation is bitcoin will break 25k this February. In addition, the 18k price area will be strongly supported.
Yes, we are back to the 23,000$'s. It's still hard to maintain the price above the 24,000$ line with stability, but I believe it's just a matter of time until it does. If bitcoin were going to have the currently positive trend reverted, I believe corrections would be dropping bitcoin to lower levels, rather what we see is bitcoin pretty strong above 23,000$ price range. I'm optimistic by the end of February bitcoin will be above 24,000$ once again, maybe at 25,000$, with the improvement of global economy and inflation under control in US and Europe.
It is now resting around $23K and for me it seems that it is slowly trying to climb higher.
It is sideways in a range. Neither trying to climb nor trying to crash yet. For me, a break above the most recent macro high 25.2k will push this quickly to 30k, while break below 22k will take us to 19.8k. We shall have the patience to wait for these levels to easily judge next 2-3k$ price movements (and earn some money from it as well 😁)Some are saying that we are now on Bull Market, but is it going to stay or is it just another one of those price increase before a huge fall again?
Now this will depend on upcoming global economic conditions. I am assuming a correction then pump again, however I maybe completely wrong too. - The price of bitcoinBTC is slowly coming down.
- The price action is showing a higher-low formation from the $24,250 level.
- Elliott waves give a bearish signal towards $23000.
There isn't a single set of investors in the market. Its always a struggle between the bears and the bulls so at some point, you've just got to expect one to have the upper hand. The bears have had there go, they certainly aren't done having there go at the market but, haven't gotten enough momentum for a bullrun.
Be it as it may, its just good enough to make investors keep faith and not panic sell like the weak hands do. Out it sentiment, I don't think we are going to face any serious bear moves just yet. We are going to have price push up again towards $30 and then go into some real consolidation.
Its likely to turn around and do a loop but how far we go in that go around is not known as BTC is still bullish for the moment. We have higher highs and higher lows so not exactly a reason to doubt just a slowing of gains is some note but not a signal we have to go down to any extent. 23k is a good call but anything in that area even would be highly positive going forward relative to the prior lows its not much of a pullback at all. My guess is we go as far as 20k and take longer before actually getting near to 30k
In 3 days month start we had fast movement from a range of 22.7k to 24.2k. Not the largest move but a fairly large blip and thats how I'd judge the next move from, its break from this range. We can just bounce back and forth for most of this month, BTC often keeps some kind of range not especially doing something new so I'll gain more interest when its altered behavior less cyclic short term.
In 3 days month start we had fast movement from a range of 22.7k to 24.2k. Not the largest move but a fairly large blip and thats how I'd judge the next move from, its break from this range. We can just bounce back and forth for most of this month, BTC often keeps some kind of range not especially doing something new so I'll gain more interest when its altered behavior less cyclic short term.
What separates us from $23,000 is about $400, and it does not represent a turning point or a support/resistance level for a long time. The barrier between 22,000 and 24,000 has been broken many times, and thus returning to $23,000 does not represent anything for the medium and long term.
In general, it seems that we have reached a consolidation point, in which the price will stabilize for a long time, so expect prices between $19,000 to $26,000.
Trying to predict this relatively narrow range is very complicated.
In general, it seems that we have reached a consolidation point, in which the price will stabilize for a long time, so expect prices between $19,000 to $26,000.
Trying to predict this relatively narrow range is very complicated.
It is now resting around $23K and for me it seems that it is slowly trying to climb higher.
Some are saying that we are now on Bull Market, but is it going to stay or is it just another one of those price increase before a huge fall again?
Some are saying that we are now on Bull Market, but is it going to stay or is it just another one of those price increase before a huge fall again?
I am waiting for the confirmation of the BTC direction trend for safe trading but it is not easy to make money even though BTC is in an uptrend. You make all kinds of moves to make the investor lose and if you put a stop, you stop with a single needle as soon as you take it from the spot you keep it at a loss by decreasing. Binance whales disrupt psychology by using the best artificial intelligence systems produced in this regard in particular.
If you sell btc as soon as you recover the loss, this time it will go up like crazy in a single candle regret it and make you unhappy again. It builds a nest somewhere at the top no longer descends from here the direction goes up in the same second as you take your lesson 1.5k dollars goes down in a 15-minute candle. Waiting there for a week depresses morale. The story returns to the beginning when i say i sold it again and got rid of it as soon as it went up.
If you sell btc as soon as you recover the loss, this time it will go up like crazy in a single candle regret it and make you unhappy again. It builds a nest somewhere at the top no longer descends from here the direction goes up in the same second as you take your lesson 1.5k dollars goes down in a 15-minute candle. Waiting there for a week depresses morale. The story returns to the beginning when i say i sold it again and got rid of it as soon as it went up.
Bitcoin is overbought right now im book. 40% gains since the bottom, has not took a break in a while. Employment data from the US came in good, so I think that caused the SP500 to not correct, which means the BTC price followed and is staying in there. However I think this is the last good US employment data before recession really kicks in, which means SP500 should correct and so will BTC. Not to mention Russia-NATO war is pretty unpredictable and could cause a crash that screws up resistances.
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