Happy because we have moved away from $ 23k and hopefully we can reach $ 25k today Today Bitcoin will touch $ 25k after almost 9 months under $ 25k, if the price of $ 25k can be achieved today, of course the opportunity to continue to rise is even greater, it is natural that many people are sure if this year can make New Ath at the $ 85K level, of course The price of $ 85K will not occur in 1 or 2 months, but gradually and maybe in October or November will make a new record.
In recent times, Bitcoin has increased by almost 40 percent compared to the previous period. A kind of positive movement has also started among the investors. But since that stage, Bitcoin has gradually moved downward again. Various candlesticks still look positive. As the MACD continues to flash and show bullish signal, it could turn bullish again, but if the market pull back then it could be $21500 as the next support level. As the bearish volume is increasing, the market is likely to rise. But we have to follow and wait for the next signal. Depending on that a better idea of BTC movement can be obtained. But now it is not possible to guess that cross the previous ATH. 
Topic: Is Bitcoin Heading Back To $23,000? (Read 514 times)
Of course we have to be optimistic that bitcoin will rise again soon and return to $ 23k, even I'm sure in March it will touch $ 25k, don't believe the many FUDs that are spread on the internet, bitcoin has very large and fanatical community support so the opportunity for it to rise again is very large , better to keep buying and ignore any news that makes you panic.
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From the look of things ,Bitcoin price seems to be consolidating around the price range of 24,000 and 23,000 and the only time we can be certain that buyers have stepped in is when we break the 25k price barrier which seems to have kept Bitcoin price out from releasing the bull.
Should we break the 25k price, that could be a powerful indicator that the bullish train is ready to take off...for now it's building liquidity on both ends to use as fuel to go up using the stop hunt strategy which should happen in such a way that it will spike down and back up again and the bull will be let loose.
Should we break the 25k price, that could be a powerful indicator that the bullish train is ready to take off...for now it's building liquidity on both ends to use as fuel to go up using the stop hunt strategy which should happen in such a way that it will spike down and back up again and the bull will be let loose.
22,455.90USD atm. We will have to see how the possible bankruptcy of Silver Capital affects the price, as it may push it down again. If this happens and we want to be optimistic, we can think that we will again have the opportunity to buy extremely cheap, but it is already a bit tiring to be at these levels as we have been below 30,000 for almost a year now..
Yes, the price of Bitcoin hit $22,543 few hours ago showed that investors will soon experience $23,000 before the end of this month of march, which there is a sign that the price of Bitcoin will pump very well in this season. I think, there are still opportunity for investors to purchase more Bitcoin and continue holding until bearish market is over before they can release them for sale to make a good profits. Based on what is happening in the market, made long term and short term investors to believe that Bitcoin price will increase higher in a way investors will experience massive income from their investment like never before.
The best way to take advantage of the price is to buy more when the price is right, which is ideal with the recent downtrend of bitcoins price. If you would’ve bought that you already have like 5 to 10% gains.
I think with the recent range that we are having I think we are building momentum to build the price higher
I think with the recent range that we are having I think we are building momentum to build the price higher
When calculating profits, it is necessary to keep in mind that even if you got a profit of 5-10%, it does not mean that you have become richer by 5-10%. In the world of cryptocurrencies and bitcoin, there are factors that reduce these values when you want to get your hands on this money: the spread between your country's money and the dollar (purchase and sale), the exchange commission. As a rule, if you managed to buy bitcoin cheaper than it became after a while, then you need another 15 percent to start talking about profit.
From the look of things ,Bitcoin price seems to be consolidating around the price range of 24,000 and 23,000 and the only time we can be certain that buyers have stepped in is when we break the 25k price barrier which seems to have kept Bitcoin price out from releasing the bull.
Should we break the 25k price, that could be a powerful indicator that the bullish train is ready to take off...for now it's building liquidity on both ends to use as fuel to go up using the stop hunt strategy which should happen in such a way that it will spike down and back up again and the bull will be let loose.
Should we break the 25k price, that could be a powerful indicator that the bullish train is ready to take off...for now it's building liquidity on both ends to use as fuel to go up using the stop hunt strategy which should happen in such a way that it will spike down and back up again and the bull will be let loose.
Happy because we have moved away from $ 23k and hopefully we can reach $ 25k today Today Bitcoin will touch $ 25k after almost 9 months under $ 25k, if the price of $ 25k can be achieved today, of course the opportunity to continue to rise is even greater, it is natural that many people are sure if this year can make New Ath at the $ 85K level, of course The price of $ 85K will not occur in 1 or 2 months, but gradually and maybe in October or November will make a new record.
after you say not long after that bitcoin can indeed reach above $ 25K, but not according to expectations because then it goes back down and can't last long. maybe it will be different if it can last long in that range.now bitcoin is back down and it looks like it will remain in a range like the first week of january and hopefully it won't actually drop to match the price in early january.
everything can still change and it's hard to predict, even though the situation isn't getting better, it's no wonder that going back to last year is very likely to happen, and I don't see a new ATH forming this year other than waiting for the halving period to come next year.
Happy because we have moved away from $ 23k and hopefully we can reach $ 25k today Today Bitcoin will touch $ 25k after almost 9 months under $ 25k, if the price of $ 25k can be achieved today, of course the opportunity to continue to rise is even greater, it is natural that many people are sure if this year can make New Ath at the $ 85K level, of course The price of $ 85K will not occur in 1 or 2 months, but gradually and maybe in October or November will make a new record.
after you say not long after that bitcoin can indeed reach above $ 25K, but not according to expectations because then it goes back down and can't last long. maybe it will be different if it can last long in that range.now bitcoin is back down and it looks like it will remain in a range like the first week of january and hopefully it won't actually drop to match the price in early january.
everything can still change and it's hard to predict, even though the situation isn't getting better, it's no wonder that going back to last year is very likely to happen, and I don't see a new ATH forming this year other than waiting for the halving period to come next year.
The best way to take advantage of the price is to buy more when the price is right, which is ideal with the recent downtrend of bitcoins price. If you would’ve bought that you already have like 5 to 10% gains.
I think with the recent range that we are having I think we are building momentum to build the price higher
Now bitcoin has exceeded the price of more than $ 24k, but I think the way to take advantage of it now to buy more is still right and ideal enough to continue to accumulate before bullishes really come later.I think with the recent range that we are having I think we are building momentum to build the price higher
Prepare from now and build momentum to get better at what you already own as long as you buy below the average, then that will make the most of the benefits.
Until now, I still continue to buy even though it is currently in an upward trend in the market.
I will go even further.
The best way to take advantage of the price is to buy more when the price is right, which is ideal with the recent downtrend of bitcoins price. If you would’ve bought that you already have like 5 to 10% gains.
I think with the recent range that we are having I think we are building momentum to build the price higher
I think with the recent range that we are having I think we are building momentum to build the price higher
Happy because we have moved away from $ 23k and hopefully we can reach $ 25k today Today Bitcoin will touch $ 25k after almost 9 months under $ 25k, if the price of $ 25k can be achieved today, of course the opportunity to continue to rise is even greater, it is natural that many people are sure if this year can make New Ath at the $ 85K level, of course The price of $ 85K will not occur in 1 or 2 months, but gradually and maybe in October or November will make a new record.
it's been answered as it is after a week? now bitcoin back to 24k and staying strong showing a possibilities performing to 25k in the soonest.
I believe that Bitcoin will now be ready to increase up to 30k , but be aware that it may be the sign of bitcoin fall as the year is still far from Halving.
I do believe it can go to 30k as well but we have seen ti try to do that before and it failed, so I am not entirely sure if it will do it, I think it "can" but we have seen it try and fail before, so I do not know if this time will be any different.I believe that Bitcoin will now be ready to increase up to 30k , but be aware that it may be the sign of bitcoin fall as the year is still far from Halving.
I hope that it does well this time around and it will end up with a good return for all of us, 30k would be such a great thing because it is such a big difference from where it used to be, that is nearly 2x from the bottom and it would actually mean something. Sometimes increases are not just pure increases but they are stories that the market is telling us and in this case the market would be telling is bull is back if we reach 30k.
it's been answered as it is after a week? now bitcoin back to 24k and staying strong showing a possibilities performing to 25k in the soonest.
I believe that Bitcoin will now be ready to increase up to 30k , but be aware that it may be the sign of bitcoin fall as the year is still far from Halving.
It is also normal for bitcoin to drop in price because bitcoin cannot go up forever without a correction, but I am pretty confident that a steep decline in bitcoin will be improbable, maybe a drop to $19k-20k will be the bottom of this year.I believe that Bitcoin will now be ready to increase up to 30k , but be aware that it may be the sign of bitcoin fall as the year is still far from Halving.
a slow drop happens in the mid of February but now it is increasing and showing good reaction(what i was looking is the reason for this Pump)
Although Fuds related to SEC and Binance are spreading in the market, bitcoin has risen and is continuing to rise for no reason. It shows that bitcoin is still the same, still very unpredictable, and sometimes bullish without good news. I also tried to find a reason for this rally, but like the January rally, there is no exact reason.
it's been answered as it is after a week? now bitcoin back to 24k and staying strong showing a possibilities performing to 25k in the soonest.
I believe that Bitcoin will now be ready to increase up to 30k , but be aware that it may be the sign of bitcoin fall as the year is still far from Halving.
I believe that Bitcoin will now be ready to increase up to 30k , but be aware that it may be the sign of bitcoin fall as the year is still far from Halving.
Bitcoin tightened its bullish momentum and broke out of the bear market in January, which bodes well for the market. Recently, FUD-SEC pressure has partly affected the market but bitcoin is still safe at $21k, next correction could kick off rally at $23k, now is a good time to observe how bitcoin moves. The fact that bitcoin in February was able to close at $23k is also an impressive result. I'm not worried at all with accumulative buying and long-term structure building.
a slow drop happens in the mid of February but now it is increasing and showing good reaction(what i was looking is the reason for this Pump) 
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.
And today the price has risen more than 12% and is close to $ 25k, if the price has touched $ 25k there will be many big surprises that can happen this year, bored investors are usually those who expect too much to get big profits in a short time, this is which makes us always have to look for other sources of income, and making bitcoin as an alternative income is better so we don't panic when the market is red.
Yes, that's how unpredictable the price movement as of late, now we are going to attempt a 3rd time to break $25k and we don't know if we can do it or it will take another week to have the bullish momentum to punch it out.
So we will see, 8% or more increased in a day, that is huge because there could be positive news in the market. And it looks like we will continue to have a bullish outlook 2 months straight for this year.
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.
And today the price has risen more than 12% and is close to $ 25k, if the price has touched $ 25k there will be many big surprises that can happen this year, bored investors are usually those who expect too much to get big profits in a short time, this is which makes us always have to look for other sources of income, and making bitcoin as an alternative income is better so we don't panic when the market is red.
Bitcoin tightened its bullish momentum and broke out of the bear market in January, which bodes well for the market. Recently, FUD-SEC pressure has partly affected the market but bitcoin is still safe at $21k, next correction could kick off rally at $23k, now is a good time to observe how bitcoin moves. The fact that bitcoin in February was able to close at $23k is also an impressive result. I'm not worried at all with accumulative buying and long-term structure building.
BTC is breaking some of its recent negative descent but it took almost all of the hours left in 11th of Feb a weekend with no large selling apparent to do so. Its a weak responce, I would not expect large positive moves in BTC until it proves better capable of doing so.
I dont expect more then the peak price of 22.8k seen about 50 hours ago, that'd be the first target so far price action appears greatly subdued.
I dont expect more then the peak price of 22.8k seen about 50 hours ago, that'd be the first target so far price action appears greatly subdued.
The price fluctuation shouldnt be a worry to an investor who is currently planning on hodling his BTC for a long term investment as we all know that the market is currently experiencing a bearish season. Constant watch of the market can even scare you thats if don't understand the market because the price rate always fluctuates and it may cause you to sell off your coins.
You are right, but we are discussing about the current trend, the price goes above $24k to be able to go back again to $21k. So yeah, fluctuating price and no one can see where the price is heading because of this. I just everyone went on that kind of experience to check the price everytime because after all we have our investments and see if it is growing. Nevertheless when we grow mature here, price is just a means to an end. Accumulation and going long will be the better option. So let's see if we can go back to $23k or this correction will continue next week.
The price fluctuation shouldnt be a worry to an investor who is currently planning on hodling his BTC for a long term investment as we all know that the market is currently experiencing a bearish season. Constant watch of the market can even scare you thats if don't understand the market because the price rate always fluctuates and it may cause you to sell off your coins.
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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.
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 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.
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.
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.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.
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.
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.
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. 
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.
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.
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 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.
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.
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.
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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.
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 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.
(....)
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.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.
These dumps or corrections are also a good opportunity for people who are waiting for a buying opportunities.
It looks like some people already got FOMO. 
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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. 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.
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.
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.
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.
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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.
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.
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.
Honestly? It doesn't really matter. We are already doing pretty sweet and the "anxiety" people come out anytime it looks even a little bit better. Look I get it, there is a sickness and anxiety is definitely something that people need to work on, that's why we have so many medicines for that, and that's why people take anti-depressants constantly because the world has stress and anxiety issues. However, just because it drops just a bit, doesn't mean that its going to be suddenly 23k and then lower, not every tiny drop is a call for a bear market returning, sometimes a drop is just a drop, and we are still at 23k+ which we should be happy about, and not worry.
bla bla bla bla.
go back to 1992-2003 gold charts.
it stayed in a 200-400 usd slot for that entire time.
It is now at 1800
btc has been in a 15k to 69k slot since fall of 2020 about 2.6 years.
we could stay in that slot for 10 years and then go up to 310k .
gold did that btc could to.
the analysis I gave is as valid as the op's
patterns may match him or me or entirely some other thing.
go back to 1992-2003 gold charts.
it stayed in a 200-400 usd slot for that entire time.
It is now at 1800
btc has been in a 15k to 69k slot since fall of 2020 about 2.6 years.
we could stay in that slot for 10 years and then go up to 310k .
gold did that btc could to.
the analysis I gave is as valid as the op's
patterns may match him or me or entirely some other thing.
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.
Technically, we are still in the bear market, so the price might go down from time to time, some correction is needed by the market.
Just like what we have seen in the last couple of days, we go as high as $24,200 or even higher at certain time frame. But there is not enough push for the price. But I'm still positive that it's just minor correction that we are seeing. The big magical numbers that the bulls are tying to get is $25k And if we ever hit that, then we will see if we can get further or we see the price going onto another dip. So yeah, more time is needed, but as I have said, I"m optimistic that the upward trend will continue.
I also have bullish view on Bitcoin but for this week, it may hit $23K as hourly chart reflects selling on high. Bulls need rapid growth to overcome minor pullbacks.
We are still in the bearish season, so bitcoin correcting and even falling below $20k again shouldn't be too surprising. We shouldn't think we have entered a bull season just because bitcoin has rallied in the last 3 weeks, all of that is not enough to say that the bearish season is over. What is happening may just be a short-term pump and bitcoin will correct in the coming days.
Hopefully, the bitcoin price will still hold on to $23k and rebound after this correction. But if the price keeps dropping and goes back below $23k, we can do nothing about it and just try to buy bitcoin again at that price. But I don't worry if the price goes back down to $22k or even lower because it is a good opportunity to increase the number of bitcoins by buying them again. Iif the price can hold, there is a possibility that in the next week, there will be an increase in the price to return to the previous price and maybe the price will break to $ 24 again.
Seems like a good time to keep an eye on bitcoin's current value. It seems that we are still in a bear market, and prices may continue to drop periodically. I agree that the market needs a correction in order to stabilize, and such price swings are not unusual.
But, I wouldn't give up hope just yet! Possibly after this pullback, the price will start to rise again and eventually return to the $30,000 level. To develop more accurate market predictions, additional information is always needed. What unfolds in the next several days/weeks should be fascinating. The market may be volatile, so it pays to remain patient and watch it closely. There are chances hidden among the risks
But, I wouldn't give up hope just yet! Possibly after this pullback, the price will start to rise again and eventually return to the $30,000 level. To develop more accurate market predictions, additional information is always needed. What unfolds in the next several days/weeks should be fascinating. The market may be volatile, so it pays to remain patient and watch it closely. There are chances hidden among the risks
- It's probably finished at its bottom price, so that's why the resistance to the movement of bitcoin's price value is playing at 23k$-24k$ something, maybe I noticed it for 2 weeks.
So maybe in this month of February, the value of bitcoin to target may be between 24k$-25K$ or more, you know that its movement is very unpredictable and that others will be nervous when its price moves without us price expectations are whether up or down.
So maybe in this month of February, the value of bitcoin to target may be between 24k$-25K$ or more, you know that its movement is very unpredictable and that others will be nervous when its price moves without us price expectations are whether up or down.
I'm also with this same opinion, I'm nervous but at the same time, thinking that bulls is not yet done in this run. Although I read that there is some negative news regarding the employment rate in the US, but it's not enough to put a dent to bring the price down significantly.
So if we can stay above $23k for this weekend, then I'm seeing the price could still make it up in this run and go for $24k-$25k or more at the end of the month. As I have said, bulls is still in control of the market and will obviously try to go for higher price and continue with the positive sentiments.
- It's probably finished at its bottom price, so that's why the resistance to the movement of bitcoin's price value is playing at 23k$-24k$ something, maybe I noticed it for 2 weeks.
So maybe in this month of February, the value of bitcoin to target may be between 24k$-25K$ or more, you know that its movement is very unpredictable and that others will be nervous when its price moves without us price expectations are whether up or down.
So maybe in this month of February, the value of bitcoin to target may be between 24k$-25K$ or more, you know that its movement is very unpredictable and that others will be nervous when its price moves without us price expectations are whether up or down.
Call me crazy if you want, but since I don't like to play roulette, I'm not worried about whether it will rise from the current $21.5k to $23k, what I'm thinking about is whether it will rise to $230k in the next cycle, which I think is most likely, or if reaching that level will be delayed until the next cycle.
I understand that this is a normal question in this speculation section but the difference is minimal and getting something right will be more a matter of chance than anything to do with predictive ability.
I understand that this is a normal question in this speculation section but the difference is minimal and getting something right will be more a matter of chance than anything to do with predictive ability.
There is a good chance it might head to that area with the horrible employment number news that came out. Basically over half a million jobs added and unemployment rates as low as the 1960s. The bond market took a huge dump as a result. Stocks somehow managed to survive.
However the breaks above has been weak, same for ETH. Only certain alts are pumping. So I would not be surprised if we get a break and head down to that area. The next big news is the CPI. And if it’s positive by half a point or more then I think the local top was in both macro and crypto markets.
However the breaks above has been weak, same for ETH. Only certain alts are pumping. So I would not be surprised if we get a break and head down to that area. The next big news is the CPI. And if it’s positive by half a point or more then I think the local top was in both macro and crypto markets.
It basically moved from $16,000 to $23,000 and has been sitting here for a bit now. I’m surprised it’s been able to hold this level and not retrace after the $40%+ move it made. The longer it consolidates here the more likely I feel it is that we head to $30,000 with a quick move upward. The market keeps pressing up against resistance and I think it is only a matter of time until we take the next leg up.
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.
Technically, we are still in the bear market, so the price might go down from time to time, some correction is needed by the market.
Just like what we have seen in the last couple of days, we go as high as $24,200 or even higher at certain time frame. But there is not enough push for the price. But I'm still positive that it's just minor correction that we are seeing. The big magical numbers that the bulls are tying to get is $25k And if we ever hit that, then we will see if we can get further or we see the price going onto another dip. So yeah, more time is needed, but as I have said, I"m optimistic that the upward trend will continue.
- 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.
prediction and this is why it is really that hard to make out some conclusive approach knowing that this market is really that unpredictable and there's no way that it could really be that easy for us to tell
on where it would be going.For now its not bad to buy up and treat this as the bottom which we might be breaking some resistance on upcoming days or weeks to come but of course this isnt
really that assured thing because its never been that predictable in the first place.So its up to your risk management on what decisions you would be making.
- 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.
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