We should not be too bullish for now as this 17k price has not sustained for long time, we saw how most of the market including some altcoins did a 40% to 50% price increase within just a few hours which seems like a pumped market to me.
Most of the coins lack the liquidity to sustain their current price but then investors are happy that this is happening after a long period of a bloodbath on their portfolio. But we should keep a close eye on the market, for now, to see how it will act in the next few weeks ahead.
Topic: Is the $17,000+ bitcoin price breakout benchmark to new price direction - page 5. (Read 932 times)
January 09, 2023, 05:50:59 PM
January 09, 2023, 05:18:26 PM
Bitcoin have indicated some positive price movement in the early hours of today 9-01-2023 haven't stayed down below that price for several weeks back and haven't rely around $16,000 price for over the past few weeks.
Today bitcoin price suggested another new price movement direction and at the moment Bitcoin is around $17,277 which is a significant improvement.
Most especially for now as the market have struggle for long to resist a further pull back since the past weeks, even some speculators predicted a $15,000 low before recovery.
But at the moment bitcoin have broken that benchmark and if the present price is sustain for long and possible more price increase occurs it will become clear that we should expect more bitcoin price improvement in this first quarter of 2023.
Today bitcoin price suggested another new price movement direction and at the moment Bitcoin is around $17,277 which is a significant improvement.
Most especially for now as the market have struggle for long to resist a further pull back since the past weeks, even some speculators predicted a $15,000 low before recovery.
But at the moment bitcoin have broken that benchmark and if the present price is sustain for long and possible more price increase occurs it will become clear that we should expect more bitcoin price improvement in this first quarter of 2023.
I was just replying on another thread saying that we should break $17k, so in less than 24 hours we were able to break that price and go as high as $17,200. So clap back to all investors and speculators who invest again.
I'd say though that we should look at how long we can maintain it, or the question is if we can sustain this price or there will be a lot of sell off for short term profits. Specially those who buy at the lowest low around November at $15,500. Those short term holders might do it if we somewhat goes to $17,500. So we will see as I'm not that confident with this break out run until we settled first and have a sustain momentum.
January 09, 2023, 05:12:23 PM
I would say it is not really a fake out or anything by the looks of it. But while we are trying to get the price going up, and I mean really try and not a fake, there could be some people who may want to see it go down a lot more and that is fine because we do not have to accept our faith and let it drop, we could fight the bear ones and we could end up with fighting it out. That doesn't mean that something like this has to be a real issue, it's going to happen until the bulls win.
We just need one win, if we could get that, all the other bear wins will not matter. When we win just once, then it will come in like a snowball and keep growing until its ATH.
We just need one win, if we could get that, all the other bear wins will not matter. When we win just once, then it will come in like a snowball and keep growing until its ATH.
January 09, 2023, 04:07:03 PM
I really hate being a total utter killjoy and while I'd really love bitcoin to go on a bull market already, are we getting bullish over this, this soon?
Like, come on.
No man, we ant bullish yet but on the verge of celebrating a new price dynamism that will change the overall motivation level, Bitcoin reaching 17k is something to celebrate at this point most especially now that Bitcoin has suffered a long time in price volatile that forced its price to stay a little above 16k for long before this current price pushes up. Like, come on.
I am positive that this current market condition will continue and we go passed the face of the Bitcoin downtrend, even if we don't see any significant bull market.
January 09, 2023, 02:55:52 PM
I thought interesting that bitcoin hit the 17,000$ yesterday followed by a small correction which pushed it back to $16,900. However, after that bitcoin started pumping again and in accelerated steps to 17,300$ already. It's undeniable the market has gained some sudden breath for some reason, on the opposite of what was expected, that was bitcoin facing a deeper correction yesterday.
Investors are putting hopes and expectations on bitcoin in this beginning of 2023. The question is, has this sentiment come to stay or is it just temporary?
Correction right after an increase is normal and it's also normal that an added increase will happen after it. Now we will see if this continues breaking over $20k or we will sit on this new price for a while. It's been a while since we haven't seen a major negative news so yeah the market should breath better now. Even though there are people who try to control their excitement for a while, that still can't do a harm in the market since they won't be selling but they may continue buying more coins so we can witness an increase after some time. Investors are putting hopes and expectations on bitcoin in this beginning of 2023. The question is, has this sentiment come to stay or is it just temporary?
If you ask me if this will stay or not, of course, I will gladly say yes but for some, they can say that it's too early to tell yet.
January 09, 2023, 02:07:15 PM
I thought interesting that bitcoin hit the 17,000$ yesterday followed by a small correction which pushed it back to $16,900. However, after that bitcoin started pumping again and in accelerated steps to 17,300$ already. It's undeniable the market has gained some sudden breath for some reason, on the opposite of what was expected, that was bitcoin facing a deeper correction yesterday.
Investors are putting hopes and expectations on bitcoin in this beginning of 2023. The question is, has this sentiment come to stay or is it just temporary?
Investors are putting hopes and expectations on bitcoin in this beginning of 2023. The question is, has this sentiment come to stay or is it just temporary?
January 09, 2023, 01:41:46 PM
It is still very possible that the price will decline again. But for today the market is showing positive signals specifically on Bitcoin. If many speculate that 2024 is a possible year to see ATH, then at first glance the speculation is starting to come closer based on today's price situation.
We still consider the current price increase the first step to jump to the $20K price point.
Stay calm and never doubt the future of Bitcoin.
We still consider the current price increase the first step to jump to the $20K price point.
Stay calm and never doubt the future of Bitcoin.
January 09, 2023, 01:33:07 PM
I really hate being a total utter killjoy and while I'd really love bitcoin to go on a bull market already, are we really getting bullish over this, this soon?
Like come on.
Like come on.
January 09, 2023, 12:58:04 PM
I'll go for going back down to below $17k very soon and then swinging between $16k to $17k for a couple months before we found the right momentum to bounced back to $20k levels and so on heading to the next halving , we are currently entering a phase where people who cashing out the bitcoin for holiday expense ..
It is now officially back and we can witness it by now to have a steady rise.
It is now officially back and we can witness it by now to have a steady rise.
January 09, 2023, 12:00:36 PM
Today bitcoin price suggested another new price movement direction and at the moment Bitcoin is around $17,277 which is a significant improvement.
It is not only related to Bitcoin, but many markets started to rise, and perhaps the reason is the US employment data, which may indicate a slowdown in the pace of interest rate hikes that the Federal Reserve may carry out.the markets are preparing themselves for the next Federal Reserve meeting, which if it goes in the same direction as expectations, we will witness more rise, or a rebound to levels closer to $16,000.
This is an overview of the market trend.
Quote
S&P Futures 3,932.25 +0.43%
Dow Futures 33,878.00 +0.31%
Nasdaq Futures 11,171.75 +0.52%
Russell 2000 Futures 1,811.50 +0.45%
Crude Oil 76.27 +3.39%
Gold 1,879.50 +0.52%
Silver 24.07 +0.37%
EUR/USD 1.0696 +0.4493%
Dow Futures 33,878.00 +0.31%
Nasdaq Futures 11,171.75 +0.52%
Russell 2000 Futures 1,811.50 +0.45%
Crude Oil 76.27 +3.39%
Gold 1,879.50 +0.52%
Silver 24.07 +0.37%
EUR/USD 1.0696 +0.4493%
The price of $17,000 is nothing more than a convergence level, more than a psychological level, which means that we need to break the top at $19,000 to confirm the rise.
January 09, 2023, 11:30:03 AM
Quote
Is the $17,000+ bitcoin price breakout benchmark to new price direction
No. The price will fall back below $18k before it can spend more than 10 days above $18k. There is no path for bitcoin to sustain greater than 10 consecutive days above $18k this year. We could possibly see it in 20-30 years when bitcoin is a digital collector's item, but by that time the cheapest Toyota EV will cost over $200k and a starter home will be over $2m.
January 09, 2023, 10:48:34 AM
Today Bitcoin holders in large numbers have seen the very sweet reality of the Bitcoin price having broken through the $17K level this month which is still a very good start to the year. And there is a possibility that it is true as you said that if this price level can last longer, especially this month. So it would be reasonable to expect more increases in Bitcoin after the month is over or within the first quarter of the year.
I personally am very happy to see that Bitcoin can increase again at the beginning of this year because this is what everyone, including speculators, expected during the past year when it was still in a bearish condition. And it would be extraordinary if in the first quarter of this year Bitcoin could immediately get a slow price level recovery in the market.
I personally am very happy to see that Bitcoin can increase again at the beginning of this year because this is what everyone, including speculators, expected during the past year when it was still in a bearish condition. And it would be extraordinary if in the first quarter of this year Bitcoin could immediately get a slow price level recovery in the market.
January 09, 2023, 09:43:12 AM
Bitcoin have indicated some positive price movement in the early hours of today 9-01-2023 haven't stayed down below that price for several weeks back and haven't rely around $16,000 price for over the past few weeks.
Today bitcoin price suggested another new price movement direction and at the moment Bitcoin is around $17,277 which is a significant improvement.
Most especially for now as the market have struggle for long to resist a further pull back since the past weeks, even some speculators predicted a $15,000 low before recovery.
But at the moment bitcoin have broken that benchmark and if the present price is sustain for long and possible more price increase occurs it will become clear that we should expect more bitcoin price improvement in this first quarter of 2023.
Today bitcoin price suggested another new price movement direction and at the moment Bitcoin is around $17,277 which is a significant improvement.
Most especially for now as the market have struggle for long to resist a further pull back since the past weeks, even some speculators predicted a $15,000 low before recovery.
But at the moment bitcoin have broken that benchmark and if the present price is sustain for long and possible more price increase occurs it will become clear that we should expect more bitcoin price improvement in this first quarter of 2023.
Jump to: