January bitcoin price out look - page 4.

cryptomaniac_xxx

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Quote from: Popkon6 on January 07, 2023, 12:42:42 AM

[..snip..]

Two experts @MMCrypto and @Marcopeter both made similar comments about Bitcoin. They basically mean that the price of Bitcoin will not increase in January. We actually see nothing like this happening to Bitcoin. Bitcoin price is standing firm between 16k - 17k.

I'm not sure though if we can call them experts, maybe they know how to read TA but it doesn't mean that they are qualify to be an experts. On the contrary, everyone is experts one, just look at those so called Youtube influencers.

Quote from: Popkon6 on January 07, 2023, 12:42:42 AM

Bitcoin price is stuck between 16k - 17k dollar since early January 2023. Bitcoin price hasn't seen much of a rise since Bitcoin price is currently in line with the past making it unlikely that Bitcoin price will rise in January. Based on the experience of these experts, we can certainly understand that the price of Bitcoin does not seem to increase in January.

Maybe we are expecting a sideway patterns, but we need to break that big barrier of $17k and see how it goes. Again, those experts are just making a wild and educated guess that you and I can do as well, just saying.

Kemarit

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Quote from: STT on January 06, 2023, 06:57:55 PM

Next few hours or day or so could determine this question as we're at top of the range we've kept since Dec 16th and even back to end of Nov we held a similar pricing. If we can trade above 17k and maintain momentum such as the 2, 7, 50 day moving average it could be viewed positively for a trend of gains.
We had traded closer to 20k and challenged that area before slipping and reaching this lower ledge, it would definitely constitute a small recovery to make this break to a higher level. DXY had been building this week but fell today so that too continuing would help a trend.

I haven't seen it touch $17,000, but we are near that price range, $16,900 and still moving up. So this is good sign. And yeah, it the momentum continues then all indicators will lead to a good bounce back.

That's what I wanted to see though, $20,000 at least this early to test the market sentiments again.

And probably it will set up what the trend will be this 2023. A small rebound is not that bad after all.

Popkon6

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Source link: MMCrypto

Source link: Marcopeter

Two experts @MMCrypto and @Marcopeter both made similar comments about Bitcoin. They basically mean that the price of Bitcoin will not increase in January. We actually see nothing like this happening to Bitcoin. Bitcoin price is standing firm between 16k - 17k.

The image here shows that Bitcoin price moved lower in January 2012 and Bitcoin moved slightly lower in January 2015 as well. Also in 2018, Bitcoin price was down in January. Now basically even in 2023 we are getting the same in reality as in the past.

Bitcoin price is stuck between 16k - 17k dollar since early January 2023. Bitcoin price hasn't seen much of a rise since Bitcoin price is currently in line with the past making it unlikely that Bitcoin price will rise in January. Based on the experience of these experts, we can certainly understand that the price of Bitcoin does not seem to increase in January.

STT

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Next few hours or day or so could determine this question as we're at top of the range we've kept since Dec 16th and even back to end of Nov we held a similar pricing. If we can trade above 17k and maintain momentum such as the 2, 7, 50 day moving average it could be viewed positively for a trend of gains.
We had traded closer to 20k and challenged that area before slipping and reaching this lower ledge, it would definitely constitute a small recovery to make this break to a higher level. DXY had been building this week but fell today so that too continuing would help a trend.

AmoreJaz

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Quote from: justdimin on January 06, 2023, 05:01:05 PM

Quote from: AakZaki on January 06, 2023, 07:03:28 AM

Precisely at this time it is still stuck at the price of $ 16,800 and remains stable at that price. If it is able to break that price then $ 17,000 will be easy to pass.
Hoping that there will be no negative news so that bitcoin can survive and slowly increase a little until it reaches a price of $ 20,000 and above. It is not easy to predict the current bitcoin price, there are many factors that will affect the bitcoin price.

As long as there is no negative news, I am guessing that it is going to be quite easy to predict bitcoin going up, because it was the bad news that kept it down so long and I think it is not going to be that much of a big thing when we see no bad news. If that happens, we could see not only 17k but 20k and even 30k, because it will exponentially grow, first to 17k then no bad news so 18k and still no bad news?

20k, still no bad news? 23k and so forth. It's the bad stuff like ronin, luna, ftx and so forth that keeps it low constantly. This is my understanding though, I have to say it's not an easy thing to handle at this point, it would be quite difficult to grow it at first, then slowly it will get easier.

indeed! bad news on top of another one made the btc performance to be stagnant and not improving. however, we are seeing seemingly green market again. though we don't know if it can sustain or continuously go up and surpass the 17k mark. but if you feel you have good opportunity today to accumulate more satoshis, why not? because once it is going up, you may regret of not putting some on this market.

justdimin

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Quote from: AakZaki on January 06, 2023, 07:03:28 AM

Precisely at this time it is still stuck at the price of $ 16,800 and remains stable at that price. If it is able to break that price then $ 17,000 will be easy to pass.
Hoping that there will be no negative news so that bitcoin can survive and slowly increase a little until it reaches a price of $ 20,000 and above. It is not easy to predict the current bitcoin price, there are many factors that will affect the bitcoin price.

As long as there is no negative news, I am guessing that it is going to be quite easy to predict bitcoin going up, because it was the bad news that kept it down so long and I think it is not going to be that much of a big thing when we see no bad news. If that happens, we could see not only 17k but 20k and even 30k, because it will exponentially grow, first to 17k then no bad news so 18k and still no bad news?

20k, still no bad news? 23k and so forth. It's the bad stuff like ronin, luna, ftx and so forth that keeps it low constantly. This is my understanding though, I have to say it's not an easy thing to handle at this point, it would be quite difficult to grow it at first, then slowly it will get easier.

MoonOfLife

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Quote from: Ojima-ojo on January 05, 2023, 07:20:24 AM

Events in the last few weeks have drastically affected bitcoin price as the price of bitcoin has struggled to remain around $16k with heavy resistance to push above 20k in the last few days into 2023.

Since the FTX and LuNA crises started Bitcoin has struggled to retain its previous price before the attack which was around 25k-30 benchmarks.

The question now is with the current bitcoin price outlook what is the possible bitcoin January price outlook you can speculate on based on your personal market analyses?

My expectation is that bitcoin could hit $20,000 and then continue to drop below $16,000 and possibly more if news of the FTX crash continues to spread. Currently in the market, there are Fuds about Huobi and I hope we will not encounter any surprises like FTX did. Otherwise, things will be terrible on the first day of the year.

Coin_trader

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Quote from: Piesel on January 06, 2023, 09:51:55 AM

Bitcoin is already showing some sign of recoverying on Monday this week bitcoin did a $17,000 price before colliding backwards again, but am sure the impact of the various crises in the last year have lesson and with time the price of bitcoin will recover back to it previous all time.

Bitcoin have done prerty well to have resist the market push back in last year and if this outlook continue, bitcoin will be making some kind of miles ston with the recent good news of countries will to regulate bitcoin for global adoption.

Showing a price recovery just because it hits 17,000K again while it just close on mid range 16K for a yearly chart. 15K to 20k is still a range for Bitcoin sideways. Any movement on this price range can’t be classified as recovery because the price is just dancing on the range for many months since FTX and Luna pull the market down.

The price recovery you are pertaining is just for short term and not in general term. A slight movement like that usually just because of the opening of monthly candle which typically gives a little price boost after a pure downward movement on the last few weeks.

Piesel

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Quote from: CryptoBuds on January 05, 2023, 09:14:33 PM

Quote from: Piesel on January 05, 2023, 04:18:55 PM

Quote from: KingsDen on January 05, 2023, 04:02:53 PM

The behaviour of Bitcoin last year would also be similar to this year and if care is not taken the worse my happen this year than last year. This is why we must always be vigilant in the market not to relax and be carried away.

When you talk about market cycle the behaviour of two years may be similar but the price of Bitcoin in both years can not be the same, because of some peculiar incidence that happened in both years.

Take the FTX crisis for an instant, that incident alone affected the entire cryptocurncy market significantly, but we can assume the same in this year as the year just started and a lot of things will happen along the way.

Prices can't be the same, that's for sure, but if similar behavior means the market keeps going bad, then prices will fall even more.

FTX is the 2nd crash in 2022 and is considered the biggest crash for the market, but when it comes to the impact on bitcoin price, it is not as big as Luna or the previous drop. I remember when FTX crashed, bitcoin was at $18k and after that crash bitcoin dropped to $15.5k. That's not a huge drop if we compare the previous decline from $69k to $30k or $18k.

In January, bitcoin may have small rallies, but in the medium term 2023, I still believe this will continue to be a bearish year.

Bitcoin is already showing some sign of recoverying on Monday this week bitcoin did a $17,000 price before colliding backwards again, but am sure the impact of the various crises in the last year have lesson and with time the price of bitcoin will recover back to it previous all time.

Bitcoin have done prerty well to have resist the market push back in last year and if this outlook continue, bitcoin will be making some kind of miles ston with the recent good news of countries will to regulate bitcoin for global adoption.

AakZaki

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Quote from: $crypto$ on January 05, 2023, 11:08:56 AM

I'm not going to make excessive speculation at this time, I'm more focused on buying bitcoins that will be held for the long term, so I won't make this analysis frustrating if I keep thinking about it, but one thing, of course, I expect any positive trend this January.

I saw in some recent articles that bitcoin will experience an increase at the beginning of this year allowing it to penetrate $ 20k, but this is still too far because currently it is still stuck at $ 16k and it is difficult to reach $ 17k.

Precisely at this time it is still stuck at the price of $ 16,800 and remains stable at that price. If it is able to break that price then $ 17,000 will be easy to pass.
Hoping that there will be no negative news so that bitcoin can survive and slowly increase a little until it reaches a price of $ 20,000 and above. It is not easy to predict the current bitcoin price, there are many factors that will affect the bitcoin price.

Jating

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Quote from: TrustedBitcoiner on January 05, 2023, 08:09:15 PM

~21K by the end of the month

That is a bold prediction mate.

Quote from: Fundamentals Of on January 05, 2023, 10:02:53 PM

Even before the FTX incident occurred, the price of Bitcoin was already below what you mentioned as the $25,000 to $30,000 benchmarks. FTX added to the bearish sentiment but we were already in a bear market before it went bankrupt.

I am not really bullish for Bitcoin within January. I am not expecting too much. On the contrary I am expecting the price to just continue with its under $20,000 movement. It's probably sideway generally within the month. It could rise to as high as $18,000 but that's probably not the momentum we've all been waiting for.

Yes, at the start of the year we are someone feeling the bearish sentiments taking over and then the war happen and that's where the price started to make a nosedive. Then the cherry on top, the FTX collapse and suddenly the worst year for bitcoin as it went as low as $15,500. Right now the increase could go as high as $17k. If the market will continue it's ascend very slowly without any negative news around.

I'm not seeing $20k'ish this early.

yudi09

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Quote from: Ojima-ojo on January 05, 2023, 07:20:24 AM

The question now is with the current bitcoin price outlook what is the possible bitcoin January price outlook you can speculate on based on your personal market analyses?

January 2023 is still the same situation as December, November, October and even the previous month in 2022. Until now, our motivation is still the same that Bitcoin will reach its peak even though the market price is still playing at numbers below $20000.

Perhaps the current numbers being traded could change if many miners do not sell quickly the results obtained in other terms they are willing to hold for some time ahead. Personally, I have no speculation about the price of Bitcoin that I can share in this thread.

wxa7115

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Quote from: Ojima-ojo on January 05, 2023, 07:20:24 AM

Events in the last few weeks have drastically affected bitcoin price as the price of bitcoin has struggled to remain around $16k with heavy resistance to push above 20k in the last few days into 2023.

Since the FTX and LuNA crises started Bitcoin has struggled to retain its previous price before the attack which was around 25k-30 benchmarks.

The question now is with the current bitcoin price outlook what is the possible bitcoin January price outlook you can speculate on based on your personal market analyses?

As long as we do not get another disastrous news about a top coin disappearing or another influential exchange being accused of misusing the funds of their clients then I expect a quiet January in which not much of note happens.

It is not a flashy prediction but it is the one which has the highest degree of becoming true, but it is not as bad as it may seem since this will give us time to accumulate even more bitcoin during the current cycle, as once the next bull run starts it is too late already to buy more bitcoin.

Fundamentals Of

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Even before the FTX incident occurred, the price of Bitcoin was already below what you mentioned as the $25,000 to $30,000 benchmarks. FTX added to the bearish sentiment but we were already in a bear market before it went bankrupt.

I am not really bullish for Bitcoin within January. I am not expecting too much. On the contrary I am expecting the price to just continue with its under $20,000 movement. It's probably sideway generally within the month. It could rise to as high as $18,000 but that's probably not the momentum we've all been waiting for.

ethereumhunter

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It's still too early to talk about the bitcoin price at the end of January because it doesn't seem like the price has gone up too much. Maybe we should wait until mid-January first and then maybe something will come in bitcoin, whether it's a drop or an increase. But I'm still optimistic that bitcoin will return to $ 20k this January, February, or the next few months. Now the bitcoin position is in sideways after several ups and downs. So we better just enjoy this bitcoin journey while preparing for the arrival of the next pump. The FTX and LUNA crises will not stop bitcoin from starting to rise.

CryptoBuds

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Quote from: Piesel on January 05, 2023, 04:18:55 PM

Quote from: KingsDen on January 05, 2023, 04:02:53 PM

The behaviour of Bitcoin last year would also be similar to this year and if care is not taken the worse my happen this year than last year. This is why we must always be vigilant in the market not to relax and be carried away.

When you talk about market cycle the behaviour of two years may be similar but the price of Bitcoin in both years can not be the same, because of some peculiar incidence that happened in both years.

Take the FTX crisis for an instant, that incident alone affected the entire cryptocurncy market significantly, but we can assume the same in this year as the year just started and a lot of things will happen along the way.

Prices can't be the same, that's for sure, but if similar behavior means the market keeps going bad, then prices will fall even more.

FTX is the 2nd crash in 2022 and is considered the biggest crash for the market, but when it comes to the impact on bitcoin price, it is not as big as Luna or the previous drop. I remember when FTX crashed, bitcoin was at $18k and after that crash bitcoin dropped to $15.5k. That's not a huge drop if we compare the previous decline from $69k to $30k or $18k.

In January, bitcoin may have small rallies, but in the medium term 2023, I still believe this will continue to be a bearish year.

TrustedBitcoiner

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~21K by the end of the month

Yaunfitda

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Guys, please stop talking about the Chinese New year, it doesn't have an impact on the price itself. I saw it already in the past and there are no correlation whatsoever.

You can look at it's past history and you will see that there are no pattern, on the flipside, prices are going down during this holiday.

So this January, gonna be slow obviously, first month of the year, nothing much will happen unless there is a break out in the positive upside.

Woodie

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Quote from: Ojima-ojo on January 05, 2023, 07:20:24 AM

Events in the last few weeks have drastically affected bitcoin price as the price of bitcoin has struggled to remain around $16k with heavy resistance to push above 20k in the last few days into 2023.

I think the festive season has had its share in keeping price low as there isn't liquidity to support the markets currently but after all celebrations are done and dusted am foreseeing a market rally to the upwards as whales will be feasting on some cheap coins.

Quote from: Ojima-ojo on January 05, 2023, 07:20:24 AM

Since the FTX and LuNA crises started Bitcoin has struggled to retain its previous price before the attack which was around 25k-30 benchmarks.

All these exchanges misfortunes are really a coincidence because if you look at the general outlook of price action on a chart, markets were already preparing for the nose dive and this just happened at the same time... But it's all about time this will come to pass.

Quote from: Ojima-ojo on January 05, 2023, 07:20:24 AM

The question now is with the current bitcoin price outlook what is the possible bitcoin January price outlook you can speculate on based on your personal market analyses?

January is generally slow and at the moment there is so much consolidation movements in price, so maybe after the Chinese new year we might be bullish as there will be no more big holidays world over.

Baofeng

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Quote from: arwin100 on January 05, 2023, 05:33:31 PM

Quote from: goaldigger on January 05, 2023, 04:51:15 PM

Quote from: Ojima-ojo on January 05, 2023, 07:20:24 AM

The question now is with the current bitcoin price outlook what is the possible bitcoin January price outlook you can speculate on based on your personal market analyses?

There’s no major news for Bitcoin early this year, so probably its price will not change that might and a possible of another drop if the price failed to break the resistance. $15k - $16k will be my prediction for this Month, there’s another Chinese new year which can trigger another selling pressure as many will liquidate to celebrate this holiday, just like the previous years so expect for another set back.

Bitcoin is behaving like stable one lately so most provably by early of this year it will go the same since no price disturbance or hyping happen and I guess many people are in stable mindset knowing market is behaving very well at the moment. But it doesn't mean we remain like this since even though this is kinda good situation but still there's a chance that bitcoin price will still collapse so we need to be more attentive on that situation to avoid getting mistake for down playing the scenarios currently happening.

We may have just a small price increased in the first week, now we are around $16,800 and possible that if there are no disturbance like FUD and negative news then we might go after the next target which is $17k at least next week. So that is good enough for us at the start of the year because we don't want to see the price moving on the opposite direction again.

Not sure about Chinese New Year, if I'm remember it correctly, we have the same thoughts as 2018, when the price started to go down and says that it will bounce back before or after the Chinese Lunar year, but it didn't so I wouldn't bet on that holiday. On the contrary, there could be some selling pressure from the Chinese because they are going to celebrate it and could be needing some money, just saying.

Topic: January bitcoin price out look - page 4. (Read 1238 times)