Topic: The unpredicted rise of BTC in 2022-2023 despite predicted bear market (Read 606 times)

The difference between having some sort of amazing improvement and having some sort of ignorance about bitcoins increase is the difference people who make a lot of profit and people who are too late.

Bull is a forgiving period, so you could not buy bitcoin from 20k to 50k and you would still get in and make money because then you would make money from the rest of the increase and then there would be plenty of weird coins and tokens that people would throw money at. This is why I have to say that we are at the verge of a bull run right now, it is already started, and people could wait and be too late, but we will make more money than them, and yet they will not make a loss neither.

As I was saying earlier, we can see the signs of a potential recovery as bitcoin is currently trading around $23500.
There might be a chance that $20000 could have been the bottom of bitcoin if the price sustains the current levels.
In that case we might see repeated corrections with the price of bitcoin upwards in every correction.

I can relate but I don't think we will be out of the bear market until we are actually out of the bear market. What am I saying, if you look at January- march 2022 when this market was already in a dip, we could have believed that there is a reversal in play as BTC price went from around $33k+ to $48k+ and after that, the market started declining again. So, even what we are seeing now with BTC price might be the same and this is expected with price action even in Bull season, however, I do agree that the market might not see a new ATH until after the BTC Halving.

The popularity and demand of bitcoin has risen tremendously in the past few years. People recognise bitcoin as the ‘ultimate crypto’ with the most secure and reliable blockchain network and with the highest rate of growth. That is why even during the bear market, people are taking this opportunity to buy bitcoin, and its demand is increasing more.

But you cant really stop people not to have those kind of presumptions that it might behaved on the same into those previous years we do have or simply sticking with those patterns and believing that it might really

happening once again but its better not to make our hopes up because it would really just frustrate you or annoy if ever these things wont really be happening on upcoming years to come but to presume
that halving event is really fast approaching although as i said that we might neither seeing significant price increase or not into those events or times.

Price is always been unpredictable and there's no way that we could make out some patterns and make out predictions which somewhat we are making ourselves so sure that it would be happening.
Thats not how this market works imho.

I think it would be basically early 2023. Think about it, we usually do not really wait as much as we used to wait, it gets closer and closer. This is why I believe that we are going to end up with shorter span right now, probably 2 years. That's why 2021 to 2023 it would make a lot more sense. Everyone acts as if 2017 to 2021 to 2025, and that's not going to happen to me, it is going to be something not so similar.

At the end of the day, we are going to end up  with a big improvement in 2023 because 2022 already saw the drop, hence we got rid of all the weak hands, and we are not going to see that many of these anymore, it is going to go up easier.

Bitcoin is volatile, but it rarely stays very low (in terms of percentage from the ATH) for a long time. So while 2022 might not bring great results (although I wouldn't be surprised if it will actually manage to recover within the remainder of this year), 2023 can easily be a bullish year. There are no good reasons why Bitcoin is currently down, nothing that would undermine it heavily came up. Even the Russo-Ukrainian war probably isn't to blame for the fall of the price, as the highest panic was in the first couple of months of the war, but Bitcoin was actually performing well, and since Bitcoin got a reputation boost from Ukraine's Bitcoin-friendly fundraising campaigns.

I'm not convinced the bull market will kick off after 2024 halving anymore, I think it'll more likely be 6 months before then. Due to the established pattern (3 times now) that Bitcoin has risen dramatically after it's halving, it's now much more likely to be front-run as a "buy the rumour sell the news" event, given how the effects of the halving are effectively diminishing as well. Back in 2020 there was significantly less of a "guarantee" that Bitcoin would rise after it's halving, as it had only happened twice before so could easily be considered a coincidence rather than a pattern. So next time, it won't be the same anymore.

I'm also factoring in that I think the bottom is likely in (more likely than not), as it's been 15 months since the cycle top. The bottom took slightly longer than usual due to overall confusion about the 4 year cycle and where the bull market top was (April or November). So factoring in a "traditional" years worth of consolidation from here, whether that be back to $50K before returning to $25K, or otherwise trading sideways between $20K and $30K, it'd more likely mean the bull-run begins end of 2023 rather than mid-2024.

Of course this is just my opinion, but sticking with the 4-year cycle theory, it'd be naive to only consider the bull market to have ended in November/December last year, as opposed to in April/May.

Definitely it will go up and down
and up down for a long time
But believe in a bright future all the time

I think the world economic crisis,won't drop bitcoin too deep . because precisely with the existence of bitcoin the world economy will be slightly helped. because people when the economy collapses a lot of people turn to investing in bitcoin. so my prediction in the future bitcoin price will be higher.

The market is predicted to stay on the bearish trend for longer time period. The four year cycle pattern repeats and upon the same once after the days of halving or close to the days we'll encounter a massive rise in the price of bitcoin. As a result we can expect the price to grow high during the 2023-2024 year than 2022-2023. If I'm not wrong we won't be completely on the bearish market, but there'll be slow growth until halving days. For now the halving schedule is for the year 2024 which has created big expectation.

The 4-year cycle is just like a safe haven for most speculations. It's been proven and seen that it really happens every 4 years for the crypto market to flourish and then after that, the bear.
But as volatility has been the characteristic of this entire market, it could also change for this year and next year. There could be a breaking cycle that might happen and we don't know if it will happen or not. Usually, it's all about the price that we want to discuss but no one give that answer that you might want to hear.

I don't think there's a relation between NFT, Metaverse and Web3 with Bitcoin adoption since those projects created were just want to computing Bitcoin, if there's no NFT, Metaverse, and any other form of shitcoins, Bitcoin price will go to the moon since all people doesn't need to choose on the coins they want to buy.

I'm not going to believe you, the reason why many people doesn't want to sell their coins on the last December is they're believe Bitcoin will reach $100K at the end of the year.

The same reason why I haven't sold most of my holdings last December. Aside from being busy that Christmas month and new year preparations, I think I was just lazy to give myself proper time to convert. And I was also trying to convince myself that this time it will be different, with additional developments from nft, metaverse, web3 and more bitcoin adoptions in some countries.

Although there's still the possibility that it won't dip as much just like in 2018 and 2019.

While on the one hand I do believe that due to the advancements in technology and the recent publicity, cryptocurrencies received the past few years, Bitcoin would thrive. However, on the other hand, the ongoing economic recession, the war and the increasing inflation isn't a healthy environment for any kind of asset. Don't forget that cryptocurrencies are closely correlated with the stock market, thus, don't expect much if the situation doesn't improve.

I think that 2023 will be a good year for BTC (arguments are presented in the thread)

The develpopment of digital technology, the search of a new thrive markets where obligations are slim, and in-stability of stock markets due to inflation will direct those, who are seeking a good investment into cryptocurrency. And there we all will benefit from.

 

Its not the first time that BTC goes down, Its the part things will go up and down regularly. But about your question, I think BTC can be expected to go up in next halves. I will predict  Between 2023/2024 BTC will go up to massive pump. lets wait and see the magic.

Sideways market will definitely happen this time and I think that we will soon see a little bounce back upwards.
But again we will have to struggle with the current sideways market for a few months before we find a bottom.
May be after that bitcoin will start to recover one correction at a time. I think it's time to take a break from the market while we sit back and relax.

Metaverse has nothing to do with the Bitcoin cycle, Bitcoin is the one who controls the crypto market, not the other way around. Usually this cycle happens every four years after a halving, but this time I don't expect the cycle to last that long, there are many variables that entered the market and this may change some rules, entry Big companies and institutions to the bitcoin market has led to major changes in the rules so I expect the bear market to not last long and we will start to see the rise of bitcoin again before the end of this year. But it is likely that we will not see ATH until after the halving of bitcoin in 2024.

currently, we can see the bear market might take a long and in my opinion yes, if the "real" world economy is not covering yet maybe the bitcoin price will still be in this position. we can take a look at the example after covid hit the inflation rate went high and the fed raised the interest rate after that there is war happened between Russia and Ukraine and you guys know that Russia is one biggest exporters of Gas and oil and as we can see that world still depend to this.

and of course, bitcoin usually touches a new all-time high after bitcoin halving but if the economy goes good maybe bitcoin can catch up and can take all-time high before halving