Bitcoin Forum

Merry Christmas and happy holidays!
So i decided to start this short thread to speculate on BTC Christmas price cycles pull back, if you study Bitcoin market chart in 2017 the present Bitcoin price is the same, but in 2017 Bitcoin before the month of November 2017 was on a bullish market trend and some form of sell pressure hit the market during the Christmas holidays.
But this year, 2023 Bitcoin hard a strong resistant price level during the period of 20th to 25th which is Christmas most activities and time for family shopping and family spending where the banking system may pause a constraint to effective transactions and alternatives are sort after, Bitcoin and other digital assets become the order of the season which make Bitcoin price to pull back.
This year Bitcoin price is stabilized at around 16,000 + which is a good resistant level and a benchmark that represents previous years' bullish all-time high price.
Is this an indication of the bullish market in the year 2023 where Bitcoin will break 20,000 in the early weeks of the year?

You really can't compare current trend with 2017 because at that time its almost the end of peak while now we are at the rebound position so there is not such pressure and to be honest I expected a drop but it didn't happened. So it seems holders don't really took their cryptocurrency savings for short term happiness like shopping and gifts, the new era is moving forward with goal of achieving financial stability.

We are at the 16K range for too long so it maybe a sign that we reached the bottom so if the right time comes then possibly next year the bull season may begin.

The FED announcement has something to do with it if the price moves up to $20k sooner. BTC is related to what will be the economy be like as dictated by the FED.

We can only hope that there will be a recovery of $20.000, another 2 months I think before it could go up again. Winter will squeeze the money out of people's pockets. Do you think people using thier Holiday bonus to buy BTC?

The only difference and the most important element that you forgot to consider was Bitcoin price already suffer too much down fall since the Tera Luna failure and the recent FTX bankruptcy that happened last November. All the selling pressure is already done before December that makes the current month a very nuetral in preparation for next year big move in the price.

You should check the condition of Bitcoin market before December on those previous years that you mention before you compared it to the current situation of the crypto market.

Why we may think that the price of Bitcoin is stable around 16800 to 17k is because, Bitcoin has already faced market crisis in early and late November with a load of bad news and attacks on the cryptocurrency market.

Take FTX bankruptcy as the major bad wave for the year 2022 and you will understand why is not right to conclude that every December will have the same pattern of movement because every year has its own peculiar problem that faces the market.

This is true, bitcoin falled to $15500 and increased back above $16000 like two times or so, the price later increased above $18000 and decreased back to become less volatile around $16600 and $16800.

What I guess is that bitcoin will surely break $20000 in the first quarter of 2023 but it could take a gradual steady process and may not be the first week of 2023, though I am not in haste for it.

And as far as I remember, with the FED pivot the price goes to $18k above. However, as soon as there is a FUD on Binance's reserves then the price goes down hard to $16k++ and that's where we are right now.

As far as going bullish this 2023, I highly doubt it, maybe a few occasional runs to $20k, but that will be the biggest resistant for now (usually whole numbers are), so it will be interesting a break out that could happen next year and so if it goes to $22k, we might be in a bullish phase, but let's see, really hard to predict as there are factors that can really affect the price movement.

Let's hope that bitcoin in early 2023 will be a good start to breaking through the $20k price and starting to hit the bull market. we have waited long enough and endured the bearish market in 2022. and some negative news has also died down, FTX CEO has been arrested and its a very good news, FUD binance is done, and just need to wait for some positive news that will support the market to go to the bull market .
Every crypto expert or expert certainly has a different analysis or prediction regarding the price of Bitcoin. However, despite the recent volatility and slump in prices, many experts are still optimistic that Bitcoin can reach $100k.

Even Tim Draper , a well-known American investor, believes that Bitcoin can reach $250k in the middle of 2023 regardless of the FTX bankruptcy news.
https://www.business2community.com/crypto-news/bitcoin-price-prediction-tim-draper-250k-02498939

Probably some are buying Bitcoin right now instead of spending it, because its pretty cheap and we all know recovery is about to begin so buying now can be a great idea. If the economy of many countries started to rise again, Bitcoin will also follow that and yes I also believe the current news with FED has something to do with the current trend of Bitcoin. First quarter of 2023 will be crucial, let’s hope for the positive trend.

I'm not sure if that's a sign of a bullish market indication early next year, although it is very possible that the $20K price level is not that far from the current price level even though the current price level is still below $17K. It seems that Christmas will not put so much pressure on the Bitcoin market even though it is a holiday for some people. But the market will run as usual and will not have such a big impact on Bitcoin and its price in the market.

I don’t think people were going to sell Bitcoin to buy Christmas gifts. Honestly why does everyone think this every year? It seems everybody expects people to sell all their cryptos and stocks just to buy gifts, it’s not the case.

A more legit idea would be tax loss harvesting where they sell their losing investments to off set their profits for tax time. And tax selling for April due date which is usually in late February and March.

It seems that the Bitcoin price will be in the range of 16,000 - 17,000 by the end of this year. You said that Christmas will affect the price of Bitcoin, in my opinion it will not have a significant impact, because indeed people are more selective in selling their assets and most of the crypto holders are now holding back from selling their assets. We just have to wait for the good news in the next few days, because there seems to be some news that could make the price of Bitcoin go up, but we need to be aware that the possibility of traps still exists.

First, I do not expect people to sell bitcoin when the price is significantly low, more people will think to buy and hold.

How much would Christmas gift be compared to holding? Also someone working, receiving fiat weekly or monthly, I do not think that kind of people will sell their bitcoin for gift. Anyone that is receiving income in bitcoin will sell just little.

As the price will be increasing would be worth a good news, it would be seen on news that time how bitcoin will increase (I do not believe those analyses, but many people do like it), that will make some people to buy too. Without any bad news, we are expecting price increase.

I'm Just emphasizing directly to the speculation of Bitcoin, we know quite well that we can't predict the increment and decrement of Bitcoin with assumptions. We have not entered 2023 and you it come to your obligation that Bitcoin price is accelerating. I want you to understand that the market will determine the increment or the bullish in cryptocurrency, so therefore, what i want you to know is that cryptocurrency can rise a day, but their is no sign to attest the we are encroaching to bullish season.

$20k may be bullish if we are talking about the previous years and this price was also one of their all time highs but we shouldn't apply that to the current year. $20k this year is not considered to be a bullish price but it was bearish. Bullish price this year can be $50k or above. $20k is easy to achieve because we are almost $17k now and besides, we went there many times before.

Christmas is finally over and as we can see, the price of BTC merely moves. I think this only shows that the majority of the people didn't touch their BTCs as opposed to the previous years. Well, we already know why. I expect the same thing is going to happen in the new year (dec. 31).

Don't be so quick to confirm it. You remember when bitcoin was at 18k-19k for a long time and people started to believe that we had bottomed and we were going to go up from here, and then the crash of FTX caused bitcoin to drop below $16k, making everyone's speculations and expectations completely wrong. Bitcoin has been above the $16k resistance for too long, but that doesn't mean we've finally bottomed out. Let's look at the outside situation, the economy, war, inflation... all are still negative so it's hard to expect that we have bottomed and the bull season will start from here.

The real thing when we entered Q1 of 2023, when many says the recession will start. Just survived from Xmas and even new year event, doesn't make bitcoin just stable like atm price. The price might be drop more as lot of people anticipated for global recession on next year. Even for current price, we are "still" down 75% from ATH, but if you look at 2 previous history after bitcoin dumped, there were down more than 85% from ATH.

The price of cryptocurrency fluctuates in a unique way every year. Bitcoin pricing during the holiday season of 2017 and this year cannot be compared on an equal basis.
People are now learning to keep their bitcoin assets rather than selling them to pay for their holiday buying.
I don't think so. The only time I consider seeing bitcoin hitting $20k will be late Q1 or the beginning of Q2 next year. This Christmas period and the beginning of next year, expect the price of bitcoin to be fluctuating between the price of $16k- $18k range. Nothing less

I am expecting Bitcoins to cross 20k usd mark this year only. I know hardly only 5 days left. But still If Bitcoins anyhow manages to cross this mark, then definitely next year will be big for Bitcoins. Bitcoins have already seen it’s capabilities and during this Christmas week, it has also shown it’s resistance level. So definitely crossing 20k usd mark wont be any difficult for Bitcoins. I would say that we need to watch and wait meantime and observe the first week of January, before any further investments.

I do not really understand this comparison. In 2021 bitcoin made the all time high and therefore we could expect the price to go down in December month or after the Christmas and holidays. The same thing happened in 2017 when bitcoin made the all-time high in December and prices were going down near the year end.

The situation in this year December 2022 is different. The bitcoin prices were already near the bottom and there was no further selling pressure that could dump the bitcoin price further down after Christmas.

But you forget one thing that, all the previous bitcoin slumps, bitcoin has never experienced conditions like war, crisis, extreme inflationary economy. So expecting bitcoin to rise again in 2023 is not easy, I don't believe bitcoin will easily rise in 2023 without any catalyst. And in the current market, apart from Fuds and Fuds, we don't have any good news.

There's almost no chance for that. I'd say the probability of us going above 20k this year are less than 10%. This would have to be some big company going all in or a millionaire club.
Next year though, I'd say it's 90%. Bitcoin can't go much lower than it is now and an upside breakout will finally happen, even if it's ultimately a failed attempt like that one in 2019 where we went from 4 to 14k.

Bitcoin should already be above 20k and it would be if not for the scammers who always put us holders to the test.

I can't underestimate the power of good news to push the Bitcoin price uptrend but sometimes, Bitcoin perform above our expectation and one can't stop wondering what the wave behind the performance, is because we won't be able to point to any news to be the reason behind the pump.
2023 is a fresh year bitcoin investors are of high hopes that the coming year will be more favorable to bitcoin and the entire cryptocurrency market, and the early weeks of the year will bring in some big market shifts but that is just my own speculation.

This is what I think with your analysis. It could be possible that i will be a bull run in 2023 because the price that we are currently in has been here for a long time. Hence, it’s likely that it could reach even higher since almost everyone accepts this price, and then maybe they could be another catalyst to bring it higher to a new all-time high.

I think everyone is busy with their personal stuff that is needed with attention during the holidays.

I also agree, there won't be $20k for bitcoin this year. After a year of relentless decline and people are starting to believe that 2023 will be a bullish year. I don't have any predictions for next year because I need more data to be able to make my predictions. But I hope what you're predicting comes true, because we've been through bear season for so long.

Optimism is good, but it is also good to be realistic and not live in a fairy tale world. I think there is a greater chance that Santa will come down your chimney than that the price of BTC jumps by 20% for no reason - unless you have confidential information from the secret headquarters of good fairies who will start buying Bitcoin to brighten up the end of the year for you :D

Next year is just another year in a row that doesn't have any big expectations, although that doesn't mean you shouldn't be prepared for surprises. However, one should not be surprised if that surprise is not exactly what most people hope for.

Since I am a believer of repeating history, I believe that we may or may not have a bullish year in 2023 so there would be very very thin chances for a new all time high in 2023. We may have a long bullish trend in 2023 but which may not be enough stronger to take bitcoin beyond ~$65k levels. Even somehow we are able to see $70k in 2023 which will not test $100k for sure.

I mean a bull run of bitcoin market is usually have multi-fold of previous cycle ATH which may not happen in 2023. Still, we can expect some relief in 2023 from bear but at the same time bears may not leave bitcoin market completely in 2023.

These are good points, war, inflation, the thread of power and food shortages all make for
an unpredictable short to middle term.

While historically the markets have reacted positively to the incoming halving and the spin
of the 4 year cycles it's hard to make predictions based on them.

We may have to fast forward to the second half of 2023 to start getting positivity in the markets.
will war and inflation be more powerful than the allure of the Bitcoin halving?

Power I think refers to the impact of given factors to investors which would reflect to their investment routines or plans. No matter what happens in this market, if people won'thave the capability or drive to invest, no positive thing will happen in accordance to this industry. 2023 is indeed near and through a whole year, there are many things to happen. Halving on the other hand is still far which is why it won't be an advisable indicator at the present. What would much more affect its price on erly next year might be adoption of big company names on cryprocurrencies if that would be made possible by other industries which could simply create a hype or wave for this industry.

We shouldn't consider it not going down anymore, but we shouldn't expect another FTX type of deal all the time neither. That happened and dropped the price and that's understandable but that doesn't mean that it is going to keep being like that forever neither, it would be pretty hard to keep it that way.

This is why I believe that we should be a bit more less expected of lower level stuff, could be a lot better in the long run. This is quite difficult to handle but we should be able to handle it in the long run. I personally do not expect another bottom because I am not expecting anything like FTX to happen again over and over, it would be pretty difficult.

I dont see late December as a time full of pressure, I think its lower volume or thats my perception.    In theory April should create more pressure maybe as end of financial year across the globe but mostly BTC keeps its own time much to the frustration of many.
   We need to at least pass 17k now which will be the bottom rung to reclimb the mid December peak pricing, there is still an idea of higher lows over weeks but its quite weak.

Possible but its not guaranteed on which there's no way that we could draw up some conclusions but rather assumptions and presumptions in speaking about future prices.We can make out some patterns and behaviors but this isnt something that will happen in next years to come.Somehow it is really good to see that the price hadnt make out some huge movement on holiday season.
We might be expecting something positive but it didnt happen, this is where things do make out so hard or difficult to make out positions if you are really that making some short
trades towards Bitcoin. We dont know on what year 2023 looks like whether it would be an another bearish or something bullish that we might be able to see
but dont make yourself that confident on what would gonna happen.Whether Christmas or New year or any other events of the year doesnt really guarantee out on what prices would be.

Not that I know of.

We'll never know if 2023 is going to be bullish until we see it. But most likely, many won't expect that it's the coming back of the bull run, there's still one more year to go for the upcoming halving.

And by that time, it's where many predictions will come out on when the next bull run might happen. If bitcoin breaks back on $20k by next year then will serve as a good sign.

First of all 2017 and 2022 is entirely different, because the user base and the market it have got is not the same. The adoption and acceptance level is not the same. These analytics need to be considered when we discuss about the market price movements. During the Christmas season the price managed to stay strong without big drop which is good sign of stabilized move. The market is moving on the four year cycle and upon the same we can't expect the year 2023 to be bullish.

And because of that I don't really believe in the increase in the price of Bitcoin in the next few weeks, maybe it's a trap, because people see from the news that the price of Bitcoin is going up and many people decide to buy and this moment might be used by investment firms to take profits by buying at the beginning and selling it when the Bitcoin price is at a certain point and this might make the Bitcoin price corrected again. Not to mention the prediction of a recession in 2023 which will threaten many countries and unstable geo-political conditions. This will certainly be a consideration for the price of Bitcoin in 2023.

Yeah, both years are entirely different. The cycle was there but both have different signs and how they did performed can't be compared.

That's why I've said that we'll never know until we see it. But I'm for the time that we should see it bullishly but it's not that as early as 2023 that I'm expecting.

More with the 2024/2025 cycle that we're very likely to have that bull run back. Well, as said we might get onto that point for having the market prepared by next year, nobody really knows.

Come on mate, are we in 2023 already? I mean, the first might just be a mistake but the second makes it seem as though your pretty hard convinced it's 2023, lol... perhaps ots your projection for ending of next year, lol... well, its 2022.

Is that even a thing? At selling pressure in the Christmas season because, I don't really see that to be a thing. Most especially, given the season we are in when it comes to the market at being bearish. Its a time to buy and hodl, if your selling, then you are losing and that's definitely not what anyone hope to do and so, you would almost find price at a range as we had it.

After halving event we should say on which majority would really be having that kind of impression that we might be seeing some u-turn of events or trend after that even which it do usually happens
but it not something a solid pattern that we could assume out.Come to think that this market cant really be just moving on sideways like forever which means that after a bearish run
then here comes a bullish run, but the main question is on when it would happen? Doesnt matter on what season or events that the current days are involving into because
these things has nothing to do with market changes or something.

The most simple explanation for the way bitcoin is moving is that there is not much room for bitcoin to go down under normal circumstances, if the price were to go down significantly then I would expect that a major event happened in which one of the top coins collapsed or another big exchange was found misusing the funds of their customers and it went bankrupt, but other than that I do not expect the price of bitcoin to go down during the holidays.

Those who planned to sell their Bitcoin during Christmas probably sold already much earlier. By Christmas time they didn't anymore have Bitcoin left to be sold. It also probably a factor that the year 2022 is not really a good year. Prices remained terribly high, if not increasing. Money continued to lose a good chunk of its value. So those who didn't have a choice but to dip on their Bitcoin stash probably made the sale already way before Christmas. I hope we'll have a good breather in 2023.

as long as we are not crossing the End year ? there are nothing good to speculate even if it survived the Christmas still there are days for the New year and mostly that is the deciding factor to what would be the faith for the next year.

was expecting something better in days come but has bearish potential in the beginning of 2023.

I don't see any indications there, in fact, there are really no indications as to when Btc starts being bullish, but it is when the price gradually starts to rise along with the new hype.
2017 and 2022 Btc price may have reach the same range at one point, but it was a totally different market sentiments. People were selling back then, and right now, not so many purchasing power to make the price move to at least stay around the $20k mark. 

The assumption might happen by those years that I've said. But it's likely that it's going to be there when the halving ends.

We don't know exactly when it'll be there but we're believing and leaning towards it because that's how the pattern and cycle did for the past several years.

And we're all hoping that the same thing might tick again.

Bitcoin 2022 price movement may not have a definite connection since the buy order price has not touched the decimal same as in 2017, and going by these there may be some level of situation that has made this year's bitcoin end-of-the-year price sell-off.
But if you put the both years into view, you will discover that Bitcoin has created a resistant bond of around 17k which was around the same price but in 2017 17k price was a bullish market but in 2022, 17k price is a resistant price.
So those are some significant differences and connections between the two years.

This what make things do even harder to guess or make out decisions on something we cant really be able to see on whats currently happening which there were no major events or situations at all circling around.

If we do stick out with basic fundamentals or even sticking with those technical indicators then it would really be that too confusing considering that the market cant really be predicted well.
On times like this where holidays and other similar events which people do make out some presumptions that there might be some huge sell off or would really be having some pumps or something.
Every month of each year where December is where people do make out some presumptions that there would be some movement. Bitcoin could survive no matter what, it is really just
the trend that we are facing now.If you do have already the experienced on facing up this market then this wont really be that much of a problem.

Who said it won't survive? Does someone said it will be dead again? Lol

2017 and 2022 are different compared to their bear and bull market price and price range.
It's common to see a thread like Bitcoin is dead or it will go to 0 after the bull run but they didn't actually know how it works that's they left speechless when it's starting to make a scene again every time when it's in bull run.

Just hodl if you can't deal with the long bearish market.

If you don't want to lose your money with your investment better to hold and forget about the market for a while, it's normal to see or
to hear someone stating that the market will completely collapse.

And there's no way that it will bounce back, those common words are always there when those critics saw the huge downfall, better not
to listen and overcome your fear.

Things will change when Bitcoin start to pump back and those people who have negative impression with Bitcoin will disappear or
will be quietly waiting for another bear to create fud.

How about putting it this way, 2017 all time high is around $20k, but now the price in the bear market is $17k? And so we even reach 2017 all time high and we are way below this year, makes us think that this is the worst bear market that we have seen.

So there are differences as well, but we hope that this difference will propel bitcoin's next all time to a new record. Or we are going to see at least 6 digits in the next all time high minimum. And so with other bear market, we are going to survived, it's difficult but at least at the end of the year, bitcoin around $16k-$17k is not that bad after all, specially if we are going to look long term.

I guess there are a lot of newbies in the market, similar to our cycle, every 4 years there will be new ones joining the market and when they experience their first bear market, they think that it's going to be the end and that it won't survived.

But just like the 4 year cycle, the bear market is very hard to stomach, but once we tasted it and pass the test it will be easy for us. So for those who are in the panic in this bear market, the best advise is to remain calm and buy cheap bitcoin and then HODL.

What about before the halving or during it? We can not stop the people who are excited about it so this will trigger a buying pressure. Same on other coin events. Have you saw what happen to ETH price last time before the merge? It also got boosted right?

That is what I am talking about but unlike to ETH, people won't be disappointed with BTC because the momentum can surely continue. Oh wait, speaking of disappointed which I said earlier, someone will actually going to be disappointed here and they are none other than the bitcoin miners because the rewards that they are going to get are once again going to be halved. This is why it's called halving.

He should compare this year to 2018 not 2017 because 2017 Bitcoin market was still bullish and 2018 was a bearish period which has similarities with this year, but whatever it is people who believe in Bitcoin will always hold onto it because the target is really long term, Bitcoin will always repeat history and those who are patient will reap the rewards

Now we are looking for another survival and that is for the End of the year and yes New Year is coming and I am so confused waiting for what to happen today,tomorrow and the next day because those are the very important day for the prospective seller like me at this moment .
hope that there is no pressure this next days.

From 2018 to last year or to be precise to 2021 is a long time even though it feels very short when it is passed by those who continue to increase their patience for Bitcoin. In general, this year is almost similar to 2018, but the current price level for Bitcoin is very different from the price level in 2018. And if we look at the price of Bitcoin in 2018 to ATH in 2021, it means that Bitcoin can still increase better than last year if in the next year Bitcoin can have a better price fix in the market.

I don't expect it, that's my prediction, even though we've had some big crashes this year, I feel like the bottom hasn't been set yet. People are still holding their bitcoins very tightly, and that's what the big players don't want, the smarter the investor, the fiercer the market. It is only when the weak hands are completely eliminated from the market that we will be able to see a strong recovery. The market is still not wholly dependent on supply and demand to develop, it is still being manipulated by those with the most money, IMO.

Maybe they learn from experience and maybe also believe it's not the end that it's a good start for the long term, so they'd rather stick around and wait for the right time to buy it but I think it's still the right time.
and another reason maybe many investors are smart and don't want to sell losses just to celebrate Christmas which is only for a moment, this year all investors are being tested. And maybe next year it will still be the same but who knows, because the crypto market is not easy to predict.

The problem is to wait for the actual time, indeed this can still be done, but instead of continuing to wait too long, why not do DCA from now on, because it is possible to wait for a lower price, it has quite a big advantage, but the question again becomes branched, like where is the lowest price? and what if later don't make this lowest.
Bitcoin price is quite low now but still waiting for it to go even lower. I think doing a little DCA while waiting for the lowest price everyone thought would feel a lot better.

Most at times its very hard to truly predicts about the bitcoin price movement, basically people wouldn't like to sell at this period of time rather wanting to hold their bitcoin despite the pressure and the past occurrences yet it doesn't went below $13k although this bear market was so unbearable compared to 2017 bear market and therefore, from most of thread i have read so far there is no bull coming soon rather many speculation was pointing at after the 4 years bitcoin circle (which is after the bitcoin halving) then we would experience bull market.

I see the opposite, in most of the threads I read, a lot of people are optimistic and believe there will be a bull run in early 2023, and the market will recover from there. But honestly, I disagree because I have the opposite view, I don't think we will have any protests until the end of 2023 and the beginning of 2024. Regarding my prediction, I also think bitcoin still has a chance to go below $13k, even $10k during this bear season. The reason is that we are still facing economic difficulties and the possibility of a global recession next year, so I do not have high expectations for 2023.

Previous years even when in the bearish market, there is always some greenish movements during the year end that leads to the new year.
It makes some people sell and have some money for the season celebrations. But this year there is no such sign and the market remained bearish.
The market is dancing differently these days, although I was not in this space by 2017. I wouldn't know how it went if not for charts.

This period of bear market became almost unbearable when the unfortunate FTX and Luna scam happened and sent the market into a red mood for this long, the year 2022 is nothing to be compared to 2017 because most events that happen in both years a widely different.

Because apart from the altcoin projects crash in 2017 there were no cases of exchange hacks or scams as we hard this year.

But this also may have put bitcoin on a downtrend price for so long but we can't drop any lower that we're we are now.

We dont have any choice but to bare it up even its really that hard because lots of these negative incidents did really make a huge toll on this crypto market where everything is really crashing into the floor.

Thing here is that Bitcoins price do able to held up on a particular point which it did really make out such strong support despite of these situations. Christmas or holiday season on where
people do make out some assumptions that it might dropped even more due to some sell off but it turns out that there's nothing happen or just like an ordinary day.
Doesnt matter on what condition we are in yet considering that his had been part of the risk.

We can't guarantee that there is no big news that may pull the trigger and push the market for more downfall, the situation between
2017 and 2022 are different but the similarities will depend on how investors will react.

It's a tough assumption but if you do believe that Bitcoin will not suffer for more downfall then it will be a good time for you to add
more asset into your wallet then waits for the bounce back.

Making decision though is not easy but it's doable that you can earn compensation if you buy in the right timing.

Dont worry about Xmas pressure , think about the 50 day average, its capped the recent peaks once again; twice this is occurring in the last couple weeks.

https://talkimg.com/images/2023/06/12/AEB35.png

Continuing to act negatively vs basic momentum like this could lead to wider selling from various sectors of the market.  ie. we form a negative trend rather then trying to fight upwards as BTC often does.
   All we can say slightly different is that 50 days will start to include the recovery post FTX (exclusively) and so we can observe the blue line for 50 day MA is moving slightly up there.  If that continues that the average is positive, maybe pressure is relieved from BTC price action.

Compared to other years, the spending during the Christmas days have got limited. This is out of the understanding people have over the market movement of bitcoin. If the people had tend to sell, now the price drop could've happened really bad. Majority of the people hadn't touched the cryptocurrency considering it a life changing investment.

It looks like the market won't break 20k in the early weeks of the year.  The effect of the FTX fiasco is still lingering in the market.  Aside from that the negative sentiment brought by several mining company that files bankruptcy hinder any good news that happens in BTC.  There is also a negative effect from Binance being on a hot seat.  All in all, the market is yet to have a better sentiment so with these factor being considered, we might see a sideways at best  on the price of BTC  for the coming weeks.  A possible downward trend is also possible with these factor that I stated.

Early days of a new year is rarely a good time to go up, but February could be a good start. It is usually until February you do not see price changing gall that much, I do not know the reason but it's rare and after February then you start to see some changes.

I guess that we are going to end up with something like 50k in 2023 and in order to do that in February we are going to go above 20k, and in spring more like 30k, maybe a bit slow period for summer and end of Q3 and by start of Q4 we are going to start seeing closer to 50k prices. This is not going to be easy, or maybe I am wrong and it won't happen at all, but this is possible.

Before the Christmas we had a major sell off with FTX collapse News , which caused some investors to sell off their Bitcoin and also caused a lot of investors to move their Cryptos off exchanges and hence reducing further selling pressure in the price of Bitcoin.
Therefore less crypto in exchanges means people are not willing to sell anytime soon to cause futher sell pressure.

Secondly I think new buyers came in the market to buy some cheap Bitcoin with that price drop and that has helped the market to absorb the sell off pressure from FTX saga.

NO, Bitcoin price is never stable around $16k all year round. The price is stuck around $16k-$17k just in the last few months of this year. It seems to have no change until this year is over, Bitcoin price will stay around $16k at the end of the last day of 2022. Well, I'm not surprised about this, 2022 is the first year of the bearish season, so we can't hope for a significant change at the end of this year.

I don't think BTC price will pass $20k in the early weeks of 2023. It requires time, if there is a lot of good news, $20k may be achieved in the second month or third month of 2023.

Just be grateful that we haven't gone down much below 15k, where a lot were speculating that btc will touch below 15k.
If we will sustain this level and if good news will come in the next few days, we may start seeing it to increase.
Otherwise, that's fine. Seems that we have had already received all the negative news this year.
The Luna crash, Voyager bankruptcy, FTX drama and other defi projects that were "hacked" were just few of the big news this year that made impact in this market.
We are hoping more positive news will come this new year. $20k level may not be immediate but we may see it again in the future.

Good news might impact the directions of the market but needed as well with support of both investors and traders, we can speculate what might be the potential in the next following months, but we can't conclude that there's a quick market reversal that may take place, be ready in whatever the market condition next year, also anticipate that the chance of seeing another downfall can happen.

Patience and more research, key factors are always showing indication either it will bring the pump or it will lead to another dump.

Better to put all your knowledge before making any decision to avoid losing a lot of your investment.

Patience is the key factor with cryptocurrency, how far this gives positive result depends on the activities happening around the market. Patience along with learning and observation about the market is required. This will ease the process of holding and help with the increasing demand.

While things could always get worse the only way for this to be the case is if the binance exchange collapsed during the next year, and since it does not seem as if this is likely then we can be pretty sure that we are close to the bottom, now we do not know for how long we are going to remain there, but even if this continues for a long time we need to see this as an opportunity as this means we are going to have many months to save our fiat and then invest it in bitcoin at a reasonable price.

If Binance crashes, then we will see $5k per bitcoin, not just stop at $15k, and we may take years to recover not 2024. In my opinion, the $20k target should be reached by 2023, but before the bull run bitcoin needs to drop one more time below $15k and maybe $12k-13k. There's no need for Binance to crash, but as long as the Fuds about Binance continue to spread and some FTX-related companies or projects declare bankruptcy, bitcoin has a reason to drop below 15k.

We are bullish next year as we have experienced a year of continuous decline, but I do not believe the market will move with our thinking.

I think Binance is still going strong to date and it doesn't look like there will be any problems with Binance. And until now, we have to be grateful that bitcoin is still strong enough to stay at the $16k level and not fall too deep. Bitcoin will surely reach the target of $20k soon so we need not worry as it is only a matter of time that will tell. And if this $16k level survives into the next year, at least the first few weeks, the price will experience a reversal and hopefully it does so that it can return to the $20k level or higher soon. The target for bitcoin ahead of tomorrow's halving will be higher than before so there may be a rapid rise next year before 2024.

For me, patience in facing bad situations in the market and surviving by continuing to hold the assets that I already have are the main things that I always consider. Because this is about my belief in what I hold for now, so I often ignore bad chatter about cryptocurrencies from other people because I am following the process by continuing to be patient in this market situation that has not improved.

Many people are expecting the demise of binance, but I believe it will not happen now and in the near future. Fuds about Binance are not powerful enough to topple Binance, it's not over yet, but I'm sure that Binance will keep the #1 spot in the market.

If you are also following the group of technology stocks, which are considered less volatile markets, this year they also have drops of up to 80% and 90%. So $16k is not a bad end for bitcoin in a volatile economic year.

But I'm looking to invest more in bitcoin, so I don't expect bitcoin to recover and hit $20k in 2023, I want to drop more before bitcoin recovers.

Nah, I don't think that people are expecting the demise of Binance, like the FTX collapse, I will say CZ is too smart to happen to him though.

Yes, the traditional blue chips and tech stocks fall too, of course they are less volatile but they are not spare from the bad effects of the current world economy and it spill over to crypto market that's why we are in the bearish sentiments, worst ever for us. But yeah, we are still here standing and so we have survived. But there is still another year ahead of us that might be the same or worse as well. So just prepare ourselves and expect the unexpected as they call it.

Many people on this forum don't like the existence of centralized exchanges and they consider it garbage, yes centralized exchanges are risky but it is really necessary for us. I also believe that Binance will not die but will become stronger after this Fuds chain ends. Even if Binance collapses, other centralized exchanges will develop, and it is always necessary for us, we should not deny that fact. As long as we use it wisely, we will be safe.

I don't think there are many people in this forum who think that way of centralized exchanges, because other than that I haven't done any research on it. Not all centralized exchanges are trash so everyone shouldn't think centralized exchanges are trash because there are plenty of centralized exchanges that are still very good to use. Anyway it wouldn't be logical to think of it as trash just because of one or two centralized exchanges that have gone bad at this point.

If you have been following up with recent events with centralized exchanges taking Binance and FTX as a center point of view, you will discover that.
FTX illegality was discovered through the involvement of binance CEO into the operation of the exchange when the offer was exchanged for sale.
At that point, even SBF confirm from an interview that he has failed in his leadership and role of the exchange and that at a point he was not in touch with the management of the exchange balance which investors entrusted in the exchange.
This and many more other incidences are what have led to the distrust you mentioned on centralized exchanges by forum members, but the chances that same will happen to binance is not certain as CZ know very well about risk management.

To be honest, a lot of us are still relying our trades in some of these centralized exchanges.
For those who are saying all CEXs are trash, for sure, at one point they are also using their services.
One of the important service right now for me is the P2P offered by some of them like binance and kucoin.
Their rates are better than my local crypto-exchanges, and it is quite easy to transact also.
But sure, we should keep in mind that we should not store our funds to these exchanges, no matter how reputable they are.
It is always best to hold your coins in your wallet, where you are holding your own keys.
I don't think it is fair for some of them to be identified as garbage, if many people are benefitting their services.

What i understand i Bitcoin is that, the price going up doesn't have any seasonal point the way I'm seeing it, so Bitcoin price as many people will say about it increment on one particular time, so i believe that Bitcoin have it way and it time of growing, some times some people said that it have occasionally time the price of Bitcoin increase, the price increase whenever the buyers comes into the market, so i believe that.

To be fair, centralized exchanges are still very important to us. Without them, we would have actual difficulty trading as well as converting between crypto assets and converting to fiat would be very difficult. I agree that the collapse of FTX is a stain and brings a lot of bad reputation to CEX, but we need to recognize that FTX collapse does not mean Binance or Huobi will collapse, they have been in the market for a long and before FTX.
Yes, not all centralized exchanges are trash, we shouldn't lump them together.

Because Binance is an already big exchange compared to other exchanges, the problems in Binance will be resolved properly and will not cause concern from Binance users.

If all markets are still volatile, there is a possibility that they will switch to crypto because the opportunities are still big and they can participate in investing. This will support crypto to reach more people to know about crypto and invest in crypto.

You can still invest in bitcoin right now because the price hasn't increased significantly and is still stable at around $16k and don't wait for the price to start increasing.

2022 was a tainted chapter for crypto. The way Bitcoin and other leading cryptocurrencies have fallen over the past year has been worst for investors. BTC is down 76% so far and ETH is down 75.5%. Other altcoins are also facing worse situation. Some alt coins are already down as much as 99 percent.

When the Federal Reserve raises interest rates, it does not create a positive environment for either cryptocurrency or the stock market. Besides, bankruptcies and chaos were regular in the market last year so every one assume that BTC would move downwards. This ongoing crypto winter in 2023 may last longer this time. Inflation, rising debt costs and political instability have been at their highest level in the past 40 years, mainly due to macroeconomic factors, particularly after Russia's invasion of Ukraine.

Easing inflation and lowering rates are the only options that can help crypto now. We hope to see positive results for all things in 2023 which will revolutionize crypto again.

CEX is still very important, without it we would have a lot of trouble converting to fiat or vice versa. But I suspect that the people who keep saying that all CEX will collapse are still quietly using it. Since without it, I don't believe they can convert altcoins to each other, trade, and convert to fiat. Fiat is still the main currency, without it we would not exist.

This means that for now there are still CEX which are very good and not bad for use as needs such as converting coins into fiat and vice versa. This means that not all CEXs have the same fate even though conceptually they are not much different, but everyone who still uses CEXs to make deposits or convert coins to fiat, obviously this is based on their faith and trust in the CEX so they are not afraid of certain CEXs. also can still happen bad things that are not desirable.

People who don't like centralization, don't like altcoins, all expect Binance's demise, because for them only then will the market become clean and free of dirt, for them, just one bitcoin is enough. But for us, it's a different matter because we need to exchange altcoins, convert fiat, trade...

As I said, this year has been a very volatile year for all financial markets, we used to say that stocks are less risky than cryptocurrencies, but I think things are changing. Investing in stocks or crypto is equally risky.
This is a drop for the top tech stocks, and there's no guarantee they won't continue to fall this year.
https://i.imgur.com/Vx4DMqA.jpg

That's what I mean, everybody can't put all the centralized exchanges together because it's just one of the many tarnished centralized exchanges in the last year. Moreover, in terms of the interests of each person, a centralized exchange must still be considered important because it has several features that can benefit many people so this should not be confused with FTX which only gives bad value to the exchange and tarnishes itself in the eyes of many people.

Do not look at people who hate centralized exchanges and use FTX as an example. They disliked it from the start and now they convinced some more people to join their side, but without FTX there were still a lot of people who disliked it.

The main reason why stuff like DeFi became this big is because there are a lot of people who would hate CEX to begin with and some business people used that hatred and built DEX to convince many people. All in all there is nothing wrong with Binance for example and yet there are a lot of people who spread rumours about that not being good at all as well. This is why I believe that we shouldn't be really worried about it personally, it's just rumours.

Was there any pressure, its been pretty sideways since November.    Here I took a slim slice of the chart that mostly describes price action for that period, only a small part is really missing here as we have maintained quite a restricted range imo
https://talkimg.com/images/2023/06/12/AE5pI.png

This is daily and we are intersecting with the 50 day average mostly as a consequence of this continual drift and even where we make an attempt upwards or down even then we resolve back to this area once again.  Hence I do not perceive pressure especially more a magnetised area some might say Support but I dont assume that we have to hold here before rising later only that there is not enough of a trend either way to move us off the rocks we have beached upon.

Bitcoin survived even the New years pressure mate so Maybe we are still seeing more downtrend this year as 2023 must be another Bear as we are approaching the Halving sooner or in 2 years time.

Still looking for maintaining this Low as the range of 15-16k is the lowest so hope that bitcoin will kept this as we are looking for the bullrun in coming years.
at least we have crossed Christmas and New year staying this level .

Bitcoin survived much worse before, these are not really big deals. Having market pressure doesn't mean a trouble if there is no pressure and there are buyers, when you have Christmas and new years "pressure" as in sellers, but there are buyers as well then the market stays afloat and nothing happens. I personally believe that the best thing to do about bitcoins future is to keep it at bay.

What I believe to be the case here is the feelings and emotions of people who are not entirely sure what's going to happen next and fear it instead of being hopeful. They are both emotions but some prefer fear over hope and that's the trouble for the market.

The price of bitcoin is unrelated to its performance. In the now famous covid crash of 2020 bitcoin went down by a lot and this had nothing to do with it but with how the US stock market reacted to the announced lockdown.

Bitcoin was doing fine, there was no bad news and it crashed from 9000 to 3000. What's happening now is a very similar situation where bitcoin is doing ok but the US stocks are going down and putting pressure on companies who are invested in both stocks and bitcoin and those who borrowed money to invest in bitcoin.

This is why you shouldn't care about the price. Bitcoin can be worth 10000 dollars tomorrow and 20 thousand next week. It doesn't matter unless you think you know what the next move will be and will try to capitalize on that.

In my opinion, end of year market pressure is typically to the upside. Bitcoin may be a little different as people cash out to take vacations and buy presents, but typically the end of the year is a bullish event. Bitcoin is holding up great though, especially with all of the calamity with scammers like SBF. It feels like the market isn’t going to go much lower though. I’d feel good about purchasing at these levels.

I also agree with you that, the end of the year should be bullish not a sale-off period even though many bitcoin holders will exchange their bitcoin for some other goods such as food and gifts, vacation bills and the rest of what have you.

But this time bitcoin have sustained a good price benchmark throughout the period and to this point, bitcoin has sustained its stability since the survival of the FTX and Luna market crisis that rocked the entire market recently.

It is true that not every exchange is FTX and not every CEO is SBF, but make no mistake every single exchange is a potential point of failure, especially in a market that was supposed to be decentralized and that is now the house of many centralized institutions and coins, and this is because those centralized institutions if pressured will sacrifice the ideals behind this market, something we have already watch them do many times before.

Despite the down trend chart bitcoin survive one of the most buy pressure pwriod which is the festive season that just passed, if one have being following previous year, tou will noticed that at the period of between 20th of December to 5th of January there have always been a heavy Bitcoin price volatility resulting from the activities of Bitcoin holders and market behavior all around the world.

But this year was an exceptional one as bitcoin have suffered from market attacks already from the FTX crisis and LUNA coin crash that effected the market and many thought rhe impact of those incidence will prevail higher in December, but that did not happen and bitcoin was a bit stable throughout the festive period.

You cant really blame out people not to make out some generalization because this is the main platforms on which we do mainly trusting up with our coins since we would be making out some trades and making up some
conversions and there are some people do make it as their main wallet (totally a foolish thing to do).Somehow with the recent events we do really make ourselves that do become that aware on what
are the probabilities and possibilities for these things to happen.This is why trying out to adjust and make yourself that free flowing on whatever things that would encounter along the way.
Speaking about holiday season then its not always on every year we do significant movement and this current one is no different.

I don't think a lot of people sold their Btc's for Christmas stuff, since companies usually give out more during the holidays, so it might not be necessary to cash out your Btcs.
Besides, it's not really a good idea to sell during bear market, that's actually a waste of fractions of Btc. Well, not unless if you'd used it to pay for a service or product, payment directly with Bitcoin lol.
I feel like people are actually waiting now for Btc to touch $10k, coz that for sure a lot of holders will bulk buy when that happens. This explains why we've seen Btc stabilizing at this current price range.

Not sure if this is going to be possible because we have here already , week after January started yet staying at 16k though there are small increase at least hundred dollars since yesterday?
but this is not enough to expect a 20k breaking just this closing the month.

Yes, hopefully we can catch that $17k price again, we have a short rally at around $16,800-$16,900. And this is just the start of the month. But the biggest mental support that we need to get back is $20 as you have said.

At least we feel confident that we might not hit another lower lows and and that $15,500 is the lowest already in this bear market.

So survived the pressure in 2022, but there could be more pressure though, just saying. And so we just need to relax and panic, let the market flows naturally and soon we might be in the $20k range again, maybe not this January, but for sure we will get to it.

Even if we hit $20k this month, there's no guarantee we'll never drop below $15k. Drama FTX is not over, Gemini and DGC still have no solution, and 340,000 Gemini users have not withdrawn since November. The possibility of Gemini declaring bankruptcy like FTX is possible, and if this happens, the market will once again be in a sea of blood. I still cannot be optimistic about the market if the Fuds remain unresolved.

Hitting 20k this month may not be visible since the pullback level is still high and buy pressure seems to ve low, a lot of markets hace not fully resumed from the Christmas holidays and the new year celebration, more likely to see a price drop in the early weeks of 2023 due to the impact of some major events such as FTX and other government regulations that will reshape the msrket for some time.

But bitcoin is certain to be above 30k before the next halving cycle which is around 2024 so hopefully, we will see some major shift.

more reasonable to listen in this  because increasing does not assure us of perfectly and strong market instead after each increase then decrease follows specially in bearish market like what we have now.
we are all having this hope but the question is are we truly going to break that 30k?
if not happened this year then maybe it will be harder in 2024.

Don't feel the pressure and allow the market to work naturally, we don't know if how long it will take but the good catch here is
we are seeing positive movement and hopefully it will continue.

The trend of moving up and reaching maybe $20K is favorable to all those who bought during that $15,500 low but we can't say that it won't
happen again.

We are all speculating in hope that we anticipate it right.

Yes, I also hope that bitcoin will make a 20,000 price in the next few days ahead and we have seen bitcoin touching $17,000 in the early hours of today, Bitcoin will be witnessing a favourable market in the early days of 2023 as the market tries to recover from the so many attacks before the end of 2023.
But being a long-term holder is the best option at this time when the price of Bitcoin is high I predicted and at any point, no one can tell when the next price will be if it is bullish vs Bearish.

I think the effects of the Christmas and New Year holidays are only temporary, because in the end investors who are on vacation will also return to their places of origin and work as usual so that market recovery will begin to be seen after this month ends. Because I think the low volume of purchases this month is very logical because almost everyone is enjoying their holiday out there.

For prices above $30K, I think everyone needs to wait until this year is over because such a big price also won't happen in the near future if market conditions don't change with the ongoing decline in Bitcoin prices even though at the moment Bitcoin prices tend to look stable in the $16K+ area.

The sale pressure this year was not as high as last year, I don't know why or maybe the impact of the ftx crisis has led to bitcoin selling off before December or maybe bitcoin already built up a strong resistance which made the price of Bitcoin to remain around 16k plus all through the Christmas period.

You need to be that kind of investor, if you know how to adjust and you know how to position yourself during both bear and bull season, the chance of making good money out from this business is good to you, the market is volatile, and the movement is unpredictable, the better you assume and predict the better chance of succeeding your trades.

Not all can be successful, only those who know how to work with the business can move and established the right patterns and strategy to keep moving forward and achieve more success.

We end the first week of 2023 today , yet there are no sign if increasing

https://coinmarketcap.com/currencies/bitcoin/

Yes it almost hit 17k today but stagnant at 16,900 and still waiting for more support, I even bought some bitcoin today to at least help the increase to break that barricade .

last year started as also dumping , you cannot compare to that because last year the market had just finished Bull market but this year? it is far different  .

I do think that it will break over 30k this year for sure, I mean it's such a close price, it's not even 100% and we all know in the crypto world we face 100% increases all the time when bull run happens, in fact it happens a few times back to back. Like it could go from 16k to 30k and to 60k to 120k, which are all x2 increases eventually.

I believe that 30k will happen but in order for that to happen, we need to make sure that we are in the right head space because it won't be that simple if we do not end up with a good increase in price. Basically, all I am saying is that we need to have the starts of a bull run before we could end up being above 30k.

30k is something realistic for this year 2023 but we shouldnt anticipate much nor hope because price could be moving sideways for so long and wont be making out some significant movements which it

would really just frustrate you that much in case you are really that too positive and its not really that bad to make up some positions with the current market price which some people do thought that

this is already the bottom but its not been known yet until we do see some twist of market trend or overall movement.For now it would be wise on accumulating
rather than on making some active conversions from Bitcoin to fiat just for some holidays.Its not bad but you should do it on moderate manner.

The market reality of both years is different no doubt about that, before 2022 bitcoin market was in a bull phase with a lot of good news which lasted till the early weeks of 2022 but in 2023 the reality is different and because of the impact of the previous year downside bitcoin market reality this year piece has suffered a lot of slow recoveries which is a normal reaction considering the many attacks that have faced the market generally.

Yeah 30 isn't look good this year because what mostly expect now is continues dumping and maybe recovered in the next year (atleast in 3rd quarter of 2024)
so with that? bitcoin will even struggle to record 20k this whole 2023 and if does? then we are lucky to have that coming.
and also if we are going to see that value? then the 25k is on the next position .

Was there really any significant pressure though? Was on break myself but I did not get any impression that people were selling the sink. Transaction fees were low. Volumes couldn'y have been heavy as price was the usual sideway pattern we've grown accustomed to, no?

He is actually saying that $30k is possible because he said we are close to it but this got me thinking if we are really close to it? I mean what I can currently see is still $16k and this was almost half of $30k so I think I am going to side with you more than him as I feel that $30k isn't going to be an easy journey for BTC to reach.

I only don't think that BTC will dump more because I never saw a small decline so far apart from a small increase so maybe we will be able to reach $17k in no time. It can continue up to $20k and stay there for quite some time. If ever we break $25k this time then that's a good sign that something bigger and better is coming ahead.

Accumulation if you believe that the market will be positive in the next following month, or if you have a good amount of spare that you can risk for this investment, there's no one who can tell whether we will see a good recovery this year or on the next following year, but if you have a good faith with this business, acquiring more coins and store it in your safe wallet is something that good to be done.

If the trend will bounce back and bull dominated the market again, we might experienced decent Christmas celebration next December to come.

Now, we are free and clear to go up. I know it's not going to be easy to handle, it's going to be very very difficult to make sure you go up, but it's not going to be that much of an easy task to handle neither, it's going to be pretty tough to handle.

I believe that the best thing to do would be making profit based on how you could continue down this road, and knowing what we know, it's going to be hard to not go up this year, because it has been over a year since the drop and we are all waiting for that bull run. When the market is waiting for a bull run, it goes on a bull run because nobody is selling since they worry if they do, and bull comes, they will miss out.

So far so good. Bitcoin entered the year of 2023 in a good mood. Fluctuations are considerably stable and I have the impression that it's trying to push ahead in some moments, like right now as we have just crossed the 17,000$ line for the first time since December 15, 2022. Now I want to see if bitcoin will be able to keep this position or if it's going to crash down to 15,000$ price range as a signal of strong correction. On the other hand, if it remains 1 month where it is now, there are serious chances market's sentiment is already changing to a more optimistic one. Better to not say yet, or it's not going to happen. :D

well if we are certain in specific timing then this will be another issue , but as long as we are willing to invest more when there is a bear and sell when there is a bull? then why not have those thoughts.
emotion must not be for trader because this will change your action and decisioning so best to leave your emotion behind once dealing with money.
the best thing? be ready to what would come along the way.

Whats considered to be on a good mood? We dont see anything changes until it do really happens on the recent day where it do make out some considerable movement which it turns out that it is really giving

that positive vibe on which it would really be making up some presumptions that the market is really showing something positive.Wayback on month of December last year where the price isnt really moving that
much or simply having that sideways behavior then it isnt something that we could really make such decision or movement because of hindrance and lack of confidence.
For now its not bad to make out some sell for those who had bought earlier.

not sure if we are truly close to it mate, we are still half of that 30k staying at 17k? it's 13k  to go and without any Bull running this seems to be impossible to happen so lets accept the fact that 2023 seemingly not for Bitcoin and crypto market.
we are at 17k actually mate the time you posted this , and now still small climbing happens , maybe 20k is near to happen this January(hopefully).

A slow recovery in the Bitcoin price is also urgently needed at this time, because doing so can also encourage investors and traders to continue to enter the market and make more purchases of Bitcoin even if not in large quantities. But at least it will really help Bitcoin to keep increasing from the beginning of this year and is expected to continue until the end of the year. Because without a price recovery in Bitcoin, some people were also very reluctant to enter the market earlier this year.

I'm sure if you have to look at the price right now, there is a steady increased in the price as there could have been some positive news around to get investors pushing for me of their money right now. $18,200 and still going up as we speak. This could be a good indication as well that the lowest low or bottom could have been reach already in 2022. And so we will have to wait what the market will bring this year.

So recovery starts today and hopefully can sustain it's ran through this year. $30,000-$40,000 in the long term might not be as bad prediction after all.

If the momentum will continue, even in a small run like this the chance of seeing Bitcoin to move up is relly possible, with more investors to play and more money to flow, $30K might be somwhere close this year, though we really can't predict the market movement as accurate as we love to, but for traders who have that established trust.

It's worth the wait if ever that the market will continue to pump and no corresponding dump to take place along the way.

Maybe there really is some positive news at this point that makes investors start to move again to buy more Bitcoin so that today Bitcoin had increased to $ 19K more in the market although for now it is still holding below $ 19K which is not too far from that level . So I believe that this year there will indeed be an improvement in Bitcoin and it is really worth waiting for for everyone.

For predictions throughout this year if there is no further deep correction in Bitcoin, I also believe that $ 30,000 - $ 40,000 is a logical and very appropriate level for Bitcoin although I would also be very happy if in the second quarter of this year Bitcoin can be more stable at only $ 20,000

After a long period of bearishness, when the price of Bitcoin regains some momentum, the investment trend among investors also gradually increases. As a result, the Bitcoin market will also grow slowly. Bitcoin has been giving slightly positive signals for the last couple of days which has again created a hope among Bitcoin investors. If this trend continues then there will be a lot of investment in Bitcoin in the next few days which will help the market to be bullish again.

Hopefully that will be the trend, I mean a continuous market movement that will favor the side of investors in the sense that.
the market is moving up and gaining strong barrier.

It's not easy though since there are also pressures from those who are working with short-term run, they can quickly sell
those cheap coins that they've bought earlier last year.

It can both pressures and might be a cause seeing the market to fall back, but still looking for positive run.

And we made the 20k prediction and even break the benchmark up to 21k this month of January and if all things are equal, the coming months of the year will bring in more market recovery and new prices benchmark for Bitcoin.
The year 2023 just began, and bitcoin and some other altcoins are already showing some positive market attitude that give investors high hope for a better future throughout the remaining part of this year 2023.

Now its starts on moving up again and we dont know on what are the news or events that do correlate with this sudden increase or just simply this is just some ordinary day here on crypto space and this is something not that surprising or something new anymore.It is really just good for those people who had made out their buying decisions when even it sits on 21k on where lots had been saying about
12k possible bottom or crash which is unlikely imho.If we do speak about potential movements in price then it would be understandable that it could neither be bearish or bullsih.
We are now in a new year on which we dont know on what would happen next and it seems this year would be something better.

Lucky for people who bought when the huge crashed take place, If my memory serve me right the last dumped push the value down up to $15K more or less or something near to that, but look with the value right now, those who makes it and take that chance to buy and store, they can sell it now and enjoy.

No one can exactly predict the value, it's your own decision making whether to keep adding and holding or take the profits and startto chase the dip again.

I am sometimes very worried about the state of cryptomarket. The state of cryptomarket has been going through a lot of dumping for more than 1 year now. I think that the state of cryptomarket may be a little better in mid 2023. And if it continues, a lot.  It will cause a lot of trouble for traders. I don't see any option but to wait for us now.

Based on your account, you've been in this market since 2013, meaning you've been through the bear seasons before, it's strange that you're still worried about the state of the market in 2022. What happens in 2022 is a normal thing, and we call it an integral part of the market, only beginners will panic, and those who have been through that, which is a good thing. After taking a profit in 2021, I expected that to happen because I know we can buy bitcoin at a discount.

Bitcoin and some of the most solid altcoins, but for those altcoins that don't have a fundamentals, its just for pure pump and dump.

Yes, we have broken the bench mark of $20k and I initially thought that we are not going to sustain it, and so I was wrong again. Now, the price is going towards $22k and if that happen at the end of the month then now it's more than double the last lowest low and that is good news to us. And yes, investors are coming towards the market again, buying and then holding, simply strategy and yet it's very effective.

There is no need to worry about the dumping market conditions that occurred last year because at the beginning of this year the crypto market conditions have experienced a slight improvement which could signal that this year might be much better than last year so you don't need to carry worries inside yourself as long as you still want to hold the Bitcoin you already have.

Rising and falling prices in the market are very common and you only need to make sure you don't lose and take profits when you have enough to take. Because in general you are still in good shape if you are still willing to wait for an increase in the market, so be patient until the end of this year.

Some do make out some patterns and telling that this year pertains on "recovery" which there might be some possibilities that it might true or not but as we are seeing on the current behavior on the market then we can really say that it might be true but we shouldn't really make ourselves that too much confident because everything could still happen along the way.As for that Chistmas or holidays then it would really be still in random
because we dont know on how the demand would really be playing into those times whether it would really be just be ignored and wont really be making out some significant movement which is something
a very common behavior that we do have.

Now that everyone has ended January and entered February with the scene in the market still as usual where slight increases and corrections are still taking place. Some say that the last month was the start of a rock bottom recovery before heading into a bigger recovery.

And I will also see what level of recovery will occur this month, especially in Bitcoin so that I can have my own conclusions on what has happened. But if this year's recovery does happen, that's also a very good thing for me and indeed for everyone, except for those who don't buy Bitcoin at low prices.

in the early months of the year the Bitcoin price movement was quite positive and even at the end of last week there was a significant movement that in my opinion occurred so that the Bitcoin price almost reached the price of $25k and even though there was a slight correction but I think if it doesn't happen too deep then I think that the trend is positive This will continue this February.

many speculated that Bitcoin would fall on the Christmas market with high pressure but instead what happened was the opposite, that was a positive thing and was welcomed by many people.

indeed for now it is too early to draw conclusions about what will happen to Bitcoin but we all have different views and speculations for what will happen this month.
I am optimistic, the positive trend will continue.

Those who bought Bitcoin and other crypto assets that have decent usages, the chance to see that the market will behave favorable
is possible, you just need to keep holding if you wanted to earn more.

End of January and another new month with decent run, we don't know what's waiting for the market but there are investors who
believes that it will continue to rise little by little.

Take time to research and do your own analysis, you still have a good chance to keep buying and hold.

exactly , actually now we hit and break 22k and still there are signs of climbing more , hopefully that we will finally get to 25k if cannot make it to 30k before falling low again.
2023 shows good stats for bitcoin , things that 2022 denies and most are in losing situation , early recovery also makes me think that this is another bull trap?
it is your fault not having full understanding of the market mate, because if you enter this just to have quick profit? then you are in the wrong place .