Bitcoin Forum

I was thinking BTC was going to be on a down hill mostly until near end of 2023. Do you believe this is a bull trap or true recovery for next bull is now here?

I would be interested to see what you people think and why.

:3

You have better ways to invest on an asset in a way it can become profitable, one of the ways is dollar cost average (DCA), or use other averaging strategy for it. You do not need to use all your money to buy bitcoin at once, you can just use certain small amount to purchase bitcoin weekly. But I will still say buying now is good just like we said it before the FTX implosion that bitcoin decreased to $15400, but it is now over $21000 again.

we cannot yet indicate that Bitcoin is currently in a bull trend. but the current pump is quite good because the impact of several dumps that have occurred is very serious for a very long time.
we will still see some dips followed by the usual pump. but maybe Bitcoin will stay at $20k at the beginning of the first quarter of this year.
but maybe there will be a better situation with a longer rally. but remember corrections can still happen at any time. just avoid selling too fast. or you panic when you see a drop after the pump that happened. hold tight to your Bitcoin.

unless there is a 6 month sustained hashrate crash compared to the previous 6 months. then the $15k bottom would be the good test of this cycles bottom

as for hoping for a spike rise to a new ATH within weeks/months.. no. so please calm that dream too

since april last year alot of whales have been investing alot.. but via "futures contracts" where they then as a side investment arbitrage the spot market to control the market in a "step pattern" to keep numbers below their bets to ensure their bets flourish
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done in steps of 1-8 week step (artificial flatlines)

the december2022 was a month long wait of suppressing the price below $17k which finalised at the new year and allowed the whales to then 'release' that resistance line to allow the price to move above $17k

however last week we are seeing a new artificial resistance line at $21500k (25% above $17k)
so we will start to see due to lack of ability to go down from 2022 bottom.. a step up 'loosening up of resistances' pattern
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however these step ups might be weekly per step.. or as long as 8 weeks per step

And why was you thinking it would remain down this year also? I think it's just another one of the speculation but it's the market circle that it will pump back again.Most of us believe this year can be good for bitcoin but calling this pumps bull cycle is too much early as the next moment we could see down trends in graphs so nothing is certain.The investors have good chance to invest at long prevailing dips but now it seems they are recovering but will take time to back in bull phase completely.

When we say this is a bull trap, we mean that traders who are betting on the rise in the price of bitcoin in the short term need to be careful.  Yes, perhaps this is true ....

It is quite possible that neither in 2023, nor even in 2024, the price of the first cryptocurrency will exceed 50,000 US dollars.  However, if we consider the situation on the market from the point of view of a long-term investor, then buying Bitcoin at a price of $21,000 seems absolutely justified.

In the future, the price of Bitcoin will rise, and the prudent investor will make good profits. 

However, he may have to wait until the price of the asset exceeds $100,000.

BTC just recovered back to it's price before the incident of FX exchange. I was lucky enough to have gotten my self some btc in early December which makes me to be on a profit side already.
Starting now is also not a bad idea for I believe it's a new beginning for BTC price, we are to see more bull run in the coming days.

If we look at the macro level - all the politician perspectives (Russia at war, stocks are going down, house market is going down...) we can all think yeah maybe institutions are starting to put their money into BTC, but I think that average price institutions are buying was at 16k and 32k approximately, this means - if the recession is here I think they want to close their positions at 32k, which means that at that level we can see a huge selloff. We have all already seen how quickly price can rise and fall on BTC. I think that cryptocurrencies are not yet a safe heaven for institutions. So in my opinion I am buying BTC and others, but I forget this money so I invest an amount I will not miss for about a few years.

I think this is a bull trap. Nobody knows what will happen on the other side of the planet who will invest big and who will sell big at a particular time. Be aware and invest as much as you are comfortable.

Your expectations were wrong back then and they are still wrong.
Just because there was a market manipulation and price went below intrinsic value doesn't mean it can continue falling down more! Similarly just because we broke one major resistance at $20k it doesn't mean we are in a bull run, the price simply corrected itself and went back up trying to get closer to a realistic value otherwise it still takes time to enter a bull market.
So far the signals are positive though.

When looking at time through history for dips, then either now or this year is the time for Bitcoin to begin a gradual recovery from the dips it has experienced in the past year and I personally don't see this as a bull trap due to the recent uptick. occurs slowly usually will be more stable and stronger at the support level. So I assume 2023 is the Bitcoin recovery period before the next bull comes next year because I don't think it will come this year.

Price is like an elastic band, for us to go  only in one direction should be unusual so what can happen is sharp rallies and yet the overall trend is not returned to positive.  We are still in a state where it remains unproved if BTC is exploring higher prices only to resolve downwards, this is quite possible and time plus volume must prove to us otherwise for certainty and confirmation.
   Lows of today are on 2 day average, (https://talkimg.com/images/2023/06/12/AErXJ.png) to me we need to close this weekly bar positively just above 20k to me would be quite solid compared to all the prior rally attempts that fell apart at first test.   The test is the proof so its still to be decided imo.

Regardless of whether this is a bull trap or indeed bullish, now it has happened, I think it doesn't really matter.
Maybe for some people this is important but I personally don't feel like it's now something that really interests me because regardless of anything as long as they haven't touched $30k I think it's still worth it.
As for the steps taken now, it's clear that I will do the same as before DCA and continue DCA until the conditions really become bullish and pass the $ 30k mark, regardless of future conditions whether it will return to $ 16k or worse than that, I'm not too sure I don't care, I'd be happier if something like this could still happen.

Hard to say, but if you look at previous history, after a worst year, like in 2018 we bounce back a bit in 2019 in preparation for the bitcoin block halving in 2020. So this might be the same scenario here, 2022 is one of the worst bear market, but maybe this 2023 we could see a recovery, not the bull run that we expecting, but at least a good $30k-$40k at the end of the year will not be that bad isn't it.

In any case though, either bull trap or true recovery, I will advise you to continue to accumulate, the price is still very cheap today. Save and stack sats as much as you can and then we will see what will be the price in the next bull run, it could be a conservative $100k or higher. And that will be a huge profit for us if we start to pile up BTC thru DCA or any strategy that works for you.

Everyone thinks bitcoin will continue to go down in 2023 because it shows no signs of growth. But then people believed we had bottomed when we saw bitcoin go from 16k to 21k. It can be said that no one can predict the price of bitcoin, it is all just predictions with no guarantees. Regarding my prediction, I would say this is a price trap because I believe history will repeat itself and bitcoin will only increase when the halving occurs.

Bull trap or Bull market still take this as opportunity to gain , Buying in the recent month ? and sell these days? then surely we are growing profit .

but if you are targeting to buy now ? then take that risk OK? because it is not even easy to predict the case now because bitcoin are up for almost 30% and there are other chance of gaining more? or at least dropping more .

This is good condition already for people which think about taking their profits since profit is already generated by this btc price pump happened. And we don't know what will be the next scenario to came either we face a total bull market or just another bear trap so we should think about taking position to gain since anything could happen in the market.

It takes longer to conclude if the bull is back. If Bitcoin continues behaving like it has been doing since days ago for a month, we will have a better comprehension of the market in the sense it's getting bullish again. However, if prices just stuck at currently range, it can't be considered the bearish tendency was totally reverted, even though it's a decent booster of confidence and optimism for investors to have BTC strong at 21,000$ zone.

The recent recovery became the reason why we saw a new market sentiment, people are now being happy after they see that the price of the bitcoin is finally goes back $20,000, it is a good move for the BTC because of the consecutive monthly down of its price. I'm part of the people that saying reversal is now happening and it can take weeks to months for us to see that the price of the bitcoin will create series of higher highs and higher lows. If we have enough plan for this new trend then we can catch a lot of opportunities.

People are starting to ask me about Bitcoin again.  There's definitely an interest and the regular folks are noticing that we seem to have bounced off the bottom.  This is usually scary for me, as when the regular folks start taking an interest in BTC, that's usually the worst time to be in the market.  I'm not sure we're there yet though.  I haven't been getting questions from the "usual suspects" yet.  I feel it coming though.  Be careful and don't try to trade this market with any leverage.  Ultimately, I think we'll move up and the bulls will start running, but I also think exchanges are foaming at the mouth to liquidate customers when given the opportunity and that will cause volatility. 

Why listening others opinion mate? Analyse yourself the market. If you see the past year patterns of Bitcoins, then this year Bitcoins are bound to go up. So yes there are high chances that BTC will go up this year. If you are waiting for more cheap price to buy the Bitcoins, then definitely you will miss the golden chance of acquiring Bitcoins. As seeing the current growth, I don’t think BTC will fall in price any soon. So if possible buy as many Bitcoins as you can now, and hold for 3-4 months. Then definitely you will see great profits in your wallet.

I am not sure about the position of this market, many say that this is a trap and many say that now the Bull run is scheduled earlier.
But I didn't really pay attention to that, because I was just waiting for the timetable to continue my DCA this month to find the right price.
I'm only looking to accumulate long term, even though I'm quite interested in the price increase, but it seems I'm still going strong for DCA no matter what.
If this is a trap I'd be more than happy to wait for a price drop to add to my bitcoin portfolio.

I'm not sure if it is a bull trap but I do think that this is not  a bullish trend. One reason is that there is no concrete cause of the price increase other than what CIP have reported. This could just be a hype up but atleast, we saw one. Given that the market price suffered and struggled for a couple of months, it is nice seeing such thing because it simply shows that there is still hope given that many investors were discourage of the negative market behavior from the past few months.The increase is more expected in 2024 regarding the anticipated Bitcoin halving. We may see spikes such as with what we have seen lately, as this year continues. As investors, we should really be taking advantage of the market behavior but we should not be too carried away by it given that this industry is way unpredictable.

I never taught of that, i knew that Bitcoin will have another shape in the market, because what determines the increment of Bitcoin is the turn up of the market by the people. So therefore bitcoin going up this time is not surprising, i believe that Bitcoin will definitely increase but it will get to a point that the price will be stabilized or depreciates, let us not assume that the price will continue to accelerate for now.

We can't tell if it's really long. Don't forget that Bitcoin can do some really quick pumps too so we may be at $40k to $50k just before we end this month and I think that was safe to say that we are now at the bull run because when those high price are hit, the price will likely go for more increases, not like to when there is only a small recovery because the price will then fall down just like on what we have last time so people shouldn't be too optimistic for a small gain that we have lately which will then lead us to adding more coins because there is a chance that it was only a trap prepared by the whales and we will only lose instantly.

Are you waiting like me then :3?

I like to see what other people think :3

Even though this is a bull trap, we are seeing the price rise to $21k and on its way to $22k. And whether it will achieve today, tomorrow, or even the day after tomorrow, our profits will increase. But some say that this time is a bull trap coming. And after this, the price will go down again. Whether it is a bull trap or a real uptick in bitcoin, we must remain vigilant and not let our guard down because anything can happen. It is also possible that now is the recovery phase for bitcoin before it jumps to the last ATH and creates a new ATH.

If that is the case then we can't call this a bull trap anymore as the price continue to go up. We have seen it go as high as $21,500 in the last 2 days and I thought it will continue to go to $22,000.

But some minor correction but then again we are back to $21,000.

So doesn't look like bull trap, on the other hand, it could be a bullish run, and the next stop could be $25,000. ATH though could be around 2024-2025 and not this year. We still need for the catalyst to happen, and that is the block halvening.

but it stopped climbing 22k instead falling now to 20k again and still lowering , and also while you already admitted this as Bull trap then surely you have idea what to do in the coming days? yeah it is hard to listen to the market when it is showing it this way.
ATH will be there in the year or two but for now be pleased that we had this small run recently and afford to gain something like 20% before dumping again.

I believe this is a price trap, as I believe history will repeat itself, bitcoin will only go up and reach ATH after the halving. Besides, along with the world economic situation has not improved much, so it is not possible to expect a bull market this year. I still expect bitcoin to fall back soon and possibly hit a new bottom, which would be a good thing.

1.Your forum nickname is weird. Who is bullying you?
2.The recent price spike is temporary. We will be witnessing many price pumps and drops during the crypto winter. I wouldn't call it a "bull trap" because the serious bulls haven't started buying yet. This definitely isn't true price recovery, because there isn't such thing as "price recovery". The current price is what the market wants, because it balances the current market levels of supply and demand.
The ATHs in the past were a result of FOMO price bubbles. I'm sure that there will be more FOMO price bubbles in the future.

The price is now in the former 16-21k range. Therefore, it cannot be said that the bears have gone or the bulls have come. Maybe next week, after the official Genesis bankruptcy, bitcoin will fall back to the support line. Alternatively, if the market does not react to these events, the price could break through 21k. If that happens, we could be talking about the start of a local bullish season.

2022 was a bad year for Bitcoin, I would not expect it to continue in 2023, especially at a time when the inflation graph does not have an upward pointer anymore. Inflation aggravated last year, and no thanks to the Russia-Ukraine war that lingers, but the world government are doing all in their capacity to subside the situation.

That said, I was very patient for the year 2023 to start before speculating, and it was easy to see a bullish trend since the first week of the year. And as a fact, a long-term bullish trend has been active, I hope it does not know below $16,000 again in the first quarter of the year.

This price hike is actually win - win situation for some individuals that are ready to utilize it. Everyone keeps saying that the sudden rise in the price of bitcoin is a trap but I don't see it that way,  you are the one with the investment you can choose to collect the additional profit in your investment due to the price rise or you can just wait and hold till a major bull run is experienced which can eventually lead to ATH but no ones know when that's gonna happen, everyone is speculating its going to be 2024 and this sudden rise is the starting of recovery for bitcoin towards its expected and speculated bull run.

Forr sure bulls is already back because there will be no huge volume to drive the price up without them. Retail trader is too afraid to purchase before this rally occured so I'm sure they are behind this. The important question is until what price they will continue buying because there's a lot of institutional investors stuck on high price and probably will take profit or cut-loss if they will be given another chance. There is no guarantee that this kind of bullrun will be on long term due to it's quick pump behaviour. Real bullrun typically moves in parabolic pattern with steady growth. We didn't even made a double or multiple bottom as basis for a reversal on the general trend of the market. Using a long time frame to view the price action is the best basis to determine if this is a real bullrun.

I think this is because of inflation, and inflation is a general increase in the price of goods and services in a country at this time, the inflation data in the United States shows a decrease which has an impact on the increase in the price of bitcoin and the value of the dollar weakens.
But keep in mind that this does not guarantee that bitcoin will experience a significant increase in the future, because The Fed (Central Bank of the United States) will release inflation data again on February 1, 2023.
therefore, it is also necessary to pay attention to the latest data to be released by the Fed, and to be able to predict bitcoin price movements more accurately.
and another reason maybe because there are many new investors or users who don't want to be left behind or FOMO, but the increase that occurs will make many people believe in bitcoin even though there will always be a decrease. And this is what will scare those who end up panicking when the downturn comes back, and they should know because bitcoin is going to be much more profitable in the long run and it's the best option.

Inflation was the reason why it went up, if inflation goes down, the price of bitcoin goes down which is exactly what happened in the past year. The reason why 2022 was such a bad year was that FED increase the interest rates, and that is why the inflation slowed down, and the price of bitcoin dropped and the value of dollar got higher. So if the inflation is dropping down, the value of bitcoin can't go up, and that can't be the reason.

The reason why bulls are coming back is the fact that FED started not to increase the interest rates all that higher, and that means we are talking about a situation where people end up with putting their money in the banks but less and less now, meaning more money available to put into bitcoin.

Yes, that is one reason why the price is climbing very fast, have you seen it today? it just passed $23k?

I guess with this good news, investors are willing to go back and invest their money now because they know that the economy is on the road to recovery. So let's hope that this positive outlook by the investors will continue, not just for crypto, but for stocks and other assets as well. Because we all know that this markets are connected to each other. So if one market goes on a uptick, the others will soon follow.

Yes, is a bull trap OP because, the price BTC is changing gradually to allow those that never buy BTC to buy before the price will return back to $55k soon. Many people used last year to prepared themselves for 2023 because, they believed that this year will be more profitable than last year that made bear market took over the market through out the year. I guess, many people will surely use this bull season that is about to start in the market to recover from their losses they experienced few months ago in the community.

I don't think it's a question of the Bulls being back, it's a question of us getting back to normal. If you look at the history of bitcoin, its trend, and the halvings, last year we fell too much due to leverage exploding and scams like FTX affecting the whole crypto ecosystem.

Being at 20-something thousand USD at this point is the least we could expect.

These are good things about a bear market for me, market cleaning the market like eliminating frauds or scams, and after that market is back again.
So for me, what we are experiencing right now is a pullback from the last quarter of 2022, where we experienced a bloody market.
For me, I am not still bullish for now, I am looking for wider, higher timeframes.

Why should the increase in January be considered a bull trap? Which I personally never even thought about a pitfall in Bitcoin. Everyone including you can see for yourself how Bitcoin has increased this month which even today has penetrated $ 23K +. Isn't this what those who want to recover the losses that have occurred last year really hope for?

I don't understand how other people think the increase now is a trap, but every time Bitcoin goes down a large size, the recovery will also be bigger even if it happens slowly and gradually. So I think there is no need to see this increase as a trap because it will only make everyone pessimistic about Bitcoin.

This price is exactly the same as it was before the FTX scam went bust. Therefore, the current behavior of the market is not indicative of being bullish but a turnaround of its normal price back then. However, I will be convinced that we are in a bullish market if this rapid price growth of bitcoin continues for several months. Regardless, I believe it is safer to assume that the bulls will not return to action until the following year. As a result, now is another good time to buy bitcoins because they are still cheap.

This is indicative of being in bull when constant upper market movement still continue to happen. But its early to say anything about bullish condition since the leap is not big yet so maybe we can still say that this is just a recovery after dump happens. If price would reach to $30k maybe we can actually conclude that bullish season happen since for sure many people hype up on this condition since FOMO will possibly happen to other people here.

But a bull trap could happen, and we are still determining what will happen to bitcoin. But we were lucky to see bitcoin finally at $22k. It looks like $23k will break through in a few hours if there is any push to go higher.

Yes, the correction happened yesterday, and there will still be another correction during bitcoin's journey to the last ATH, so prepare yourself.

Hopefully, the bull trap doesn't happen, and it will just be a bull run until it reaches the last ATH. And hopefully, the next ATH will occur in 2024 tomorrow.

I can only be prepared for all the possibilities that could happen later. If this is a bull trap, I will prepare the money to buy bitcoins because it is a good moment to accumulate bitcoins. I hope no big dump will happen because that will also create panic in the market, and people will come back to worry again. But the price will continue to go up as the correction seems to be over.

Long-term holders don't really think about current price conditions because their target is still far in the future. But for some people, this is a blessing because they can sell their bitcoins for a profit and buy more bitcoins when the price goes down. And if the market conditions like that continue, they can get more profit. New ATH speculation has been circulating on social media more and more, and we have to be careful with that speculation so that we can analyze the price to sell bitcoin.

My answer will be for your question is that we cannot give 100% guarantee on it that it's a bull trap or a initial step of Bullrun. Because even in August 2022, the price of Bitcoin went above 24000 Us dollars, since after that a big down was seen again, so there is no guarantee that it will not happen again this time. But since the next halving is going to happen in 2024, it may be a signal of recovery. But my personal opinion would be to keep the market under observation for a few more days and take the risk of investment because 2024 is still almost a year away.

Usually at the weekend for some reason the pressure of sellers on bitcoin was weakened, maybe that's why we are now seeing growth. But from next week a lot of events related to finances and bankruptcy of some companies are predicted, so maybe they raised the price now on purpose to sell more expensive next week.

If a decrease in the rate of the inflation means a decrease in the price of the goods then cryptos must also be decreasing now and not rising because cryptos can also be considered as a goods but there are still other possible reasons for the increase that we feel lately.

A few of them would be the exposure of BTC in the miss universe pageant and then the authorities have recovered 5 billion dollars worth of crypto to SBF. I might miss something but you guys can follow it up. A decrease in the rate of the inflation is still a good thing for us if we are talking about the life outside. At last or at least, people can now feel a little relief even if it won't last a long time.

People forget the price can never really stay simple or it would be handing out free money in some way.   Its a slippery snake that arcs back on itself often, we will not go down continually in a simple way.   If we only went down we could all just get rich with a leveraged short, easy money.   Too easy, the market overcooks itself even when going down and this unfolds.  
   We are up right now but dont have a doubt we will have future troubles and storms ahead, theres no way 2023 is pure bullish.   I wish it would be but the only real question is when we pull back, what is the quality of any pull-back the strength either side is not equal to numbers there is always some extra bias.

At its highest price Bitcoin has risen to over $23K this month, but if you look at the market right now or at the moment. There seems to be a bit of a correction going on where there is a drop in price that is already over one percent, but this certainly won't worry everyone because big increases are always spiced up with corrections of very small sizes. And I hope that in the next five days Bitcoin can be at $ 24K before entering the second month of the year.

Having a it of a courage from this current situation is definitely a good thing for our future. Its not going to be enough to make it go up, just because we are hopeful about the future doesn't mean that we are going to profit from it, but it is a good step. We have always said that its quite important to have a long term investment in the crypto world to make some money, and that means we are getting closer and closer. Which is why I believe that having hope is better than last year, you could had some hope last year too, but would face a bad year, this year however it should be a lot better.

I have been checking the market for the whole week , and since the price of bitcoin break 20k? correction continues to come every 1k increase so maybe this will happen till we reach 25 or 30k then that would be the finalization of my trust and will continue the holding but if there is a changes from 25(if bridges) then i will sell all of those and wait for the final dump .

It is another Bull trapping mate but at least let us enjoy the prize of the bull we earned recently , and now it seems that the value is slowly dropping , it may continue to blow to 25k but I think that is the highest we can get this 2023 and waiting for 2024 to push the Bull back in the market and serve us all the profit we are looking.
we are near halving , at least more than a Year to happen so indeed that we can have to look for now as semi bull run and there will be some dumping in the next coming days but tolerable amount .

It could be a trap or not, it's all just speculation. It is true that everyone expects bitcoin to recover, but there is nothing wrong with people suspecting this is a trap when they see bitcoin suddenly rise. Bitcoin rallied for no reason and without any news to push the price up, so it's no surprise that many are skeptical and cautious about this bull run. I'm still skeptical about this bull run, I can't say it's a trap, but I'm pretty confident saying we're still in bear season, we're not really out of bear season yet.

Bull trap is not going to take almost 4 weeks and more than 43% rise! A trap is quick and a lot smaller than this and it definitely won't go above the strong resistances such as the $20k that we had.

In other words a bull trap would have been price going up to $19k and then dropping back down again. But when it crossed $20k the possibility of it being a bull trap vanished.

The trend is your friend until it finished, we can't predict the market but we can react base on current market condition at a given time.
As traders and investors we should try to learn how to change our views with the changing market without sticking to what we think the market is gonna do, while things are starting to change.

The bottom line here is having seen Bitcoin starting to Break some important structural levels in the up direction of the market, is one positive sign.

Too, Bitcoin coming back to revisit those levels from which it took off $18k-16k ( confirmation), without breaking down to create another new low is another positive sign.

And lastly moving up to create another high, should tell you that the current Bear market has come to an end and a potential bull market has began.

So let's do the waiting game and allow Bitcoin to do its things and give us some proofs to actually confirm where it's heading to.

it's true, having a long-term investment in crypto is a dream because certainty can already be seen and proof that in the past it has happened, where long-term investments always produce the best. but it's not that short-term investing is not good, it's still good if you really master it. but indeed, if you have more funds and don't want to think too hard about having to monitor all the time, long-term investment is highly recommended.
but I don't believe that this year will be any better compared to last year, because the crisis is not over yet and hopefully there will be faster economic recovery.

Thats right, there will be two sides that you will get if you do that. if the long term will produce something big by looking at the next 10 years but if you can't be patient with all this then do a short term investment with hard thinking every day.

That this is possibly a bull trap or a true recovery is 50:50. It could be either. Although that quick rise from $16,000 to more than $20,000 was notable, $20,000 is not really a level we could really call recovery. $20,000 doesn't signal that the bulls are coming. For all we know, we could be staying on this level for weeks and months to come. If that happens, I don't call it bullish. But if this rise in price would eventually reach beyond $30,000, then that's bullish.

The market is currently unpredictable, many bitcoin speculators make strange movements, when many people think the price will drop what happens is the opposite, influencers on social media now mostly only have opinions so it's very difficult to be used as a guideline, and in my opinion the best thing with the current conditions is buy more then hold long term or already profit at least 100%.

In my opinion, if it is called a price trap, it can only happen in a short time but cannot last up to 4 weeks and has not shown any signs of stopping, so it cannot be called a price trap. It can be said that this is a short-term rally because the market cannot go down forever, the market is always moving, and that is what is happening in the market. I still believe in history, and I believe history will repeat itself, even if bitcoin hits $30k, I still doubt a bull run as we are still far from the halving event.

Influencers on social media now mostly only have opinions about Bitcoin and other cryptocurrencies. They may not have in-depth knowledge and accurate information about the cryptocurrency market. Therefore, it is very difficult to make them a reliable source of information in making investments.

Instead, to make the right investment decision, you should do research and obtain information from trusted sources, such as the company's official website, financial reports, and reports from regulators. Also, it is very important to understand the risks associated with investing in cryptocurrencies and ensure that you only invest funds that you can afford to lose.

Many speculators play an important role in the cryptocurrency market, including the bitcoin market. They buy and sell cryptocurrencies on the fly and strive to capitalize on every price movement to earn profit.

However, the actions of speculators can lead to volatile price volatility, as they affect market supply and demand. Therefore, it is very important for investors to understand the dynamics of the market and the associated risks before investing in cryptocurrencies, including bitcoin.

Unfortunately, the opinions of speculators are not always reliable as a reliable source of information, and as such, it is very important to research and understands the factors that affect the price of bitcoin before making an investment decision.

Don't trust Influencers too much about the opinions they sway, they only take advantage of our situation to panic or really don't understand more basicly, but when speculating, I don't think we should be taken more seriously, basically an Influencer just wants more followers. when speculators about bitcoin pay a lot of attention to it, so don't make it a source for you to buy something coins that are only influenced by them

Well it's much better to do your own research on what you will know and believe me there are still many trusted sources when you make a decision to invest, or if you don't want to get more complicated then just invest in long term bitcoin investment and don't be swayed by opinion or other speculators so that you don't falter on the way while investing in a coin, call it bitcoin.

Maybe often opening Twitter social media there are too many speculators, so I just want to find some sources that are accurate and for motivation while for prediction speculators I never respond to them because I know what I do while investing in bitcoin will not be affected in 1- 2 years about the predictions they gave, I am more focused on the long term with an even longer goal to earn bitcoins in a way that I can afford to lose in the sense that it will not interfere with the finances of my life.

During January, the bitcoin price actually showed a pretty good increase even though some saw it as a bull trap. I do not agree with that opinion because the price went up and lasted for 4 weeks, while at the moment a correction is taking place which in the last 7 days the correction has reached 7% more. But behind that, bitcoin still shows 24% more gain in the last 30 days and it is still maintained even though FUD is hitting the market.

History may repeat itself as happened in previous cycles, but since this halving is still quite long, correction can still be expected. Nevertheless, the current bitcoin price is still holding above $21K and that is good news and may stay that way until early next week.

Not really a bull trap, we didn't move to just 20k, we moved to as high as 24k, which is nearly a 50% increase and people should realize that a 50% increase can't be a bull trap, that is a ton of profit right there already. The reality is that it was 16k, and 50% of that is 8k, add 8k to 16k and you get 24k, so it definitely reached from bottom to top a 50% increase.

It may not be there right now, and it is a little lower, but that doesn't change the fact that some people tok their profits and left, which caused this new drop, but it wasn't a bull trap neither. I really like the situation we are in and sensing that another big increase will come soon.

They're all giving contents that they want viewers to get hook with what they produce. So, anything that's favorable to their viewers, that's what they make so that they won't move away from them.

I agree that you don't trust any of them. If there will be influencers that we should trust, they are very minimal and few and sometimes they're not even active at all.

Don't trust them if it's about the analysis in the market, sometimes they're not even correct and are just giving opinions that just like us, we have it too.

It's called a speculator, so surely each of them always gives a different opinion about the price of Bitcoin. Just like you who think about better conditions at this time where you also state the reasons. So there's nothing wrong with those speculators because they also provide opinions that are in accordance with their own reasons even though you say this cannot be used as a guideline. Likewise with what you said, where this also cannot be used as a guideline because seeking 100% profit is not something that can be obtained easily.

BTC bulls tend to scare like sheep seems like and herd together in irrational moves.  Once you accept this things might feel slightly calmer or not but personally I dont take every price as absolute more like waves back and forth.

If we can break past 22.2k in this possibly nicer weekend action then it might be some relief upwards short term.    I do think we generally expand and need to find serious support but weekend is some opportunity for light action and maybe some buying of these lower prices from the 24k top price we had not so long ago.
  All day today and for the last couple days we've been below the 12hr average, relatively fast downwards.   Acceleration altering could have us slow this decline, hence relief rally possible.

I agree, bulls are scared easily because they know that they may have to wait months, or even over a year before they could make a difference, and that scares them a lot. Look at people who bought at high prices last time we were high, it has been over a year since those days and we have been going down ever since then. They fear that the same thing could happen again, which is obviously not going to happen, because we already dropped so much, but the idea of any drop scares them. Eventually the hype of bitcoin when it goes up a bit will be too much for them and it will just go on high when they all buy and it doesn't go down for a while.

Unfortunately this week the price was corrected again by more than 7%, at the beginning of February I was sure that the price of $ 25k would be reached before the 10th, and it turned out that my prediction was wrong, in fact the price is now only around $ 21k, hopefully the market will rise again like in January and when the market is red like now the best thing is to buy, don't panic sell because it will make us regret it.

I don't know how in this month whether bitcoin will experience a long correction after rising for 4 weeks or I think it is long enough but surely after that it will decrease again only behind the price of $ 21k can this be maintained or will it be deeper back to the previous price, but I think this price will hold even if there is some FUD out there.

As long as we don't panic in the current situation with a 7% decline because it's not for a real decline, it's better to wait for a positive trend that will definitely happen again.
But I think the halving is getting closer and people have to believe that cycles have always happened in history before.

The golden cross indicator trolled people into buying back on the 2008 crash way too early, only to be dumped again. If it plays out as it did then the SP500 may fall another 30 to 35% which would mean BTC dumps once again to potentially 12k. Im not buying this hopium, still too many moonboys on this train to call a proper capitulation, holding cash for better prices.

Bitcoin is representing a sustainable and strong market in the face of negative impacts from FUD - SEc.  bitcoin is still moving sideways within a strong support area and not much volatility.  The data shows that the hash rate of the bitcoin network continues to increase by more than 300 EH/s which means that mining activity is on the rise again, which also demonstrates huge confidence in bitcoin.  The 7% drop leads me to believe that in terms of strategy bitcoin is continuing to perform well after the January rally. I think the possibility of this remains, bitcoin is perfectly fine with a slight uptick and still flat.
https://i.postimg.cc/vHS6dMG1/5-B4-EE846-2972-424-C-AC8-E-1045-B3193346.jpg
Yes, that's your good point.  But for me let's say bitcoin goes up and starts to build here along with data showing bitcoin mining difficulty keep increasing to 39.24T.  Totally feel bitcoin is vibrant almost again.
https://i.postimg.cc/brhTXnf9/50-FCABE7-25-C5-453-A-BDB6-A51-BECD9-ADC4.jpg

I doubt that the market will improve and will bring bitcoin to increase again at the beginning of February, it seems that the beginning of the month is a temporary increase and will not last long. the price continues to move down, currently the price is in the range of $ 21K and if the downward trend continues to occur, a return to the initial January price can occur. but on the contrary if it can survive, of course what you said that could increase like in January could happen.
I agree with you, at a time like this don't panic sell and this is something that often happens and can happen any time, it's better to keep buying and saving.

Well no I do not think the bulls are back. When they are back we see big gains and there is no need to ask if they are back. It is just known when they return.
Watching the Bitcoin price closely and I think this is still a 'bear market'. I have seen news about Bitcoin in the news might be making some investors not invest their fiat yet. It will happen just we dont know when that will be.
Hedge fund Pantera Capital thinks that Bitcoin is already in its 'next bull market cycle'. https://cointelegraph.com/news/bitcoin-is-already-in-its-next-bull-market-cycle-pantera-capital

Right now we can't say bulls are back, especially since February the price trend has continued to decline, it's natural that many say that the fantastic increase that occurred by more than 40% in January did not happen again in February but instead the trend continued to decline, of course we hope the market is soon rising again and could touch $30k in this month.

We have to wait some more because, at the moment, the bitcoin price has not been able to increase and return to $23k. But that time will come and while it hasn't come yet, we can use this moment to buy more bitcoins. An uptrend will replace the current downward trend but we must be patient and not panic.

The market will change for the better and there is no need to worry about another downturn because there is a good opportunity to increase the number of bitcoins. This trend may continue until the end of the month.

Judging by the latest negative news from the USA about the stacking ban and yesterday's statements about BUSD, we could be in for another bearish period after January's rise, which could be a correction after a long fall. It is really hard to know what to expect in February or March. Bitcoin faced resistance that it could not break.

This not a bull and it is not a bull trap. When the bull market will come everyone will notice it without third party information if you are into trading. The bull market will come at the 3rd quarter of the year and in the 4th quarter, it will manifest for everyone to see. So if you I interested to buy it this the best time to buy and hodle it.

Neither do I, I just don't think they ever returned in the past month, so hard to be back when they never were there to be gone in the first place ;)

Yes, the market surged and price improved but we're not seeing quite enough volume and sustained levels to indicate bulls sitting down and putting up buy walls. Not that I'm any more of an expert but Pantera seems to be jumping the gun...

yeah and have just checked the market now seeing it staying at 23k and maybe I am wrong in my assumptions as the price truly continue climbing little by little each day.
looking for complete increase in the next couple of weeks as we are heading to the second month of the year.
maybe calling it MINI BULL? lol because at least we find profiting even in short time and small increases.

Hopefully, it doesn't provide a correction that is too deep so that people don't panic about market conditions that are declining again. And it looks like the market conditions are starting to improve right now, with the price increasing back to $22k and while it looks like the price is increasing slowly, hopefully, it will stay on until the next month.

And hopefully, at the end of Q1, the price can get a breath of fresh air to increase to the $30k level. This will give confidence to people who still don't believe that bitcoin can rise again. If they see that bitcoin can increase and return to its last ATH, they will only realize its potential for them.

Now try to look at the market and also look at the price of Bitcoin, because today another increase has occurred in Bitcoin even though it has not yet touched $23K. But in general, it's a very good thing for all the people who are still holding Bitcoin because most of them now are expecting even more improvement than what's happening now. February is in the middle now and I think the price target for $30K is likely to be a bit tough for Bitcoin to hit if the buildup continues to look slow.

It's nice to see a recovery like this. It makes us to stay away to the $20k and below assumption of other users. Seeing the price on the current level makes me feel that the bullish momentum is still there. I think once we go back to $23k, that might be the time to hit $24k and other prices that we haven't reach for a while.

The price build up is slow but it doesn't remain like that forever. The engines are only heating up and once more increases are added in the pot, that is the time it will move faster and besides we still have the other half of February. I guess that is still enough to try and attempt our second target which is $30k dollars.

People like that are always the reason why price has big jumps (and dumps). They are the weak hands who think bitcoin will never rise again or will rise forever.
In any case ever since the momentum got slowed down, $25 target became too hard to break let alone reach the $30k. We need a big positive news to get the ball rolling again otherwise it could take much longer than Q1.

This is why a lot of FUDs are roaming around social media and forums they just speculate the price of BTC that will go up or down. And this is why DYOR and technical analysis is a must.

@OP
It's really hard to determine if BTC is still in a bearish or bullish phase.
As I can see the market flows, there is a lot of discussion about the timeframe of BTC between the death cross within the weekly time frame and the golden cross within the daily time frame. In my opinion and analysis, I would say that the value of BTC might reach $30k but this may take a while since there is strong resistance at $25k, and ranging sideways might still happen but this could be a good opportunity for fast money if you are a scalp trader. 

People do still get surprised? 2k movement in a short span of time or we call it a day isnt something that huge i could say.If you've been here on this market for a while then this would really be just an ordinary day.

Well, i cant blame out people though because we've been in long time sideways movement on which it is really that hard to tell on where the price could eventually or potentially be going.

Bulls back? No one knows, and people on the time we are almost touching 25k trying out to claim on breaking 30k? Being positive does really give out that later on
getting annoyed or disappointment because this isnt this market works.

Today, the bitcoin price has finally broken through the $24k level and is close to reaching $25k. This is sure to make people who take bitcoin for granted regret not having bought bitcoin at yesterday's low price. Hopefully, this price will still increase so much that they will feel more regret for missing a good moment to buy bitcoin.

With the current pump, they should be able to open their eyes to trying to become strong hands in holding bitcoin. They must learn from this experience because they see it in front of them. Even my friends who were left behind buying at $22k and $23k expressed their disappointment at missing out on that great moment.

Hopefully, the pump will continue and we might see $25,000 in the next 24 hour time frame. I think it will be huge victory for the bulls as they are again on the market taking over.


Yes, I think like you, there are bitcoin buyers at around $16,000 and then just continue to hold on it. So they didn't sell if the price goes above $20,000 and I don't think they have intention to sell unless it's like 6 digits. So there could be a lot of strong hands in the market right now and just continue to amass and buy because it is cheap and they are looking for long term investments here.

Confidence that this is really growth and not a bull trap can do serious damage to your friends' deposits. So far it is not clear why bitcoin is rising when the US has recently released negative inflation data. I don't dispute that it could be a reversal and a real rise, but while bitcoin is still in the resistance zone, I wouldn't be so sure.

I still believe that the increase that has occurred so far is not a trap, because the increase that is present is evident from the buyers who are still very dominant in the market that makes the price of Bitcoin increase after the small correction is over. Inflation may still be an influence, but the impact for Bitcoin this year is unlikely to be that big so I wouldn't consider the price increase in Bitcoin to be a trap.

I think it's still difficult to say if the increase was not a trap, due to the fact that a few days after the upward momentum occurred Bitcoin actually declined again some time ago although it was not as big as it had been before, investor interest was still unstable and there were still many negative issues that hitting bitcoin so is possible if we will see another decline occur after the market is currently green and I think the price increase that is occurring at this time is still very weak and it cannot be said that bitcoin will come a long bullrun phase.

This week, of course, many are pessimistic because the price will fall again below $ 20k, but today we are satisfied because the price has risen more than 10% and makes us even more optimistic that this year is on the way to recovery, of course the price does not automatically skyrocket but rises slowly, and the target price for February is $ 30k to make investors more optimistic to buy and hold.

I don't think this rally was a trap either because the price is up more than 50%, but I think a bad scenario cannot be ruled out. The price is now consolidating in the resistance area. If 25k can be broken through and consolidate higher, then we can definitely talk about an uptrend continuation. You correctly noted that the volumes of buying increased. It can be considered as a positive momentum as well.

People who are still taking bitcoin for granted are people who never learn their lessons. I mean it has gone down before and it managed to go back up, and did it many many times in a row, which means that if you are actually involved in bitcoin world, then you should probably know that bitcoin is something that will go up in the long run anyway and should get in when you see it cheap.

People who see it go down and sell their coins instead of buying more should learn their lessons by now, because if the price is going down that means you should buy and hold it until it goes up, and it will go up, it always does. This is why I highly doubt it would be any different this time around.

It is true they should know better but once a pattern is set up in the mind of a trader is very difficult to change it, even if evidence is shown that what they are doing is not working and it will never work very few people can look at their past actions objectively, admit their mistakes and then change their ways, so besides an occasional reminder of the mistakes they are making there is not much we can do to help those which are unwilling to change their ways.

Some do adjust and some who arent on which its up to theirs on whatever decisions that they would be making specially into their trading styles and methods.Mistakes and errors is inevitable and its not

that surprising considering that we are dealing on a market which doesnt precisely follow neither TA or FA.This is why you should really be that versatile and really be that prepared for whatever things that might be encountered ahead.

Bulls back? This is what i had believed on the time the price had touched up 25200+ but we are all wrong.Selling pressure or simply the bears cant really just let it happen.
Now we are back on 24k and might possibly going even lower.

Mistakes are basically lessons that we paid for. If you haven't lost any money on bitcoin market, then you haven't truly invested into it yet. There are so many people who are veterans of crypto trading and all of them have one thing in common; losing money from trading.

Because in order to be a veteran, you need to make many trades, and if you do many trades, you will eventually lose in some of them, no human on earth ever traded a thousand times and be right a thousand times, all of them lose money in some of those trades. But that is a good news, if you haven't lost all of your money, that was a lesson you could learn from and be a better trader.

Early February, of course many worried because prices will continue to decline, even a few days ago the price fell again to the level of $ 21K, but this week the rising price was more than 13% and made us sure if the bulls back again, today the price is approaching $ 25k And if you can touch $ 25K, the price will continue to rise.

Once again price is heading toward $25k+ with a good momentum but so far we haven't seen it truly broken since there are sales taking place at that price preventing the momentum from gathering enough force in an attempt that looks more like market manipulation than healthy trades taking place.
If we could see this resistance broken, we could continue seeing much bigger price since there will be a jump after that and the next target which is $30k will be reached in a very short time.

Since january till now the bitcoin price has increased gradually and in that month we have seen bitcoin able to reach a price of $23k which was the highest price during its hike in january after bitcoin dropped to a low of $15k at the end of 2022 which is the lowest price for bitcoin, currently bitcoin is experiencing a positive uptrend and has made bitcoin able to reach $ 25k two days ago but unfortunately bitcoin was only able to last briefly in that area and was corrected again but if the current correction ends soon we will see the price of bitcoin rise again past the level $25k.

Just in January alone, we have a huge jump of 43% and higher, so I'm not sure if that is gradual per definition. And this is one of the best month since 2013. And entering the 3rd week of February, not a great leap but still we are above $24k and have hit $25k before faltering and making a correction and then jumping back again. So yeah, $25k is the biggest barrier, but I do see that we are going to get and break that big mental barrier this February. The bullish momentum will continue from here and maybe in the next coming quarters. And with that speculation, I can say that the bitcoin bulls are back in our ecosystem and going to push the price even further.

I think that market in 2023 will not completely down and according to analysis there will slight dump and slight pump conditions. As we all faced the situations in previous two month there were pump at the start of the year and at the middle of January it persists for longer time but then market  in February it was somewhat dip in cost but now its optimum not too much low nor too much high.

About this year one cannot say that it will be higher or lower because this condition cannot be known because pump and dump do not persist longer.
The start of recent year was very beneficial for all those who make investment in previous year and now it is predicted that remaining months will be somewhat hard to make actual benefits as market is going to be more fluctuated.

It's important to note that predicting the future price movements of BTC is highly complex and subject to many factors, including market sentiment, global economic conditions, regulatory changes, and more. Therefore, any statements about the status of BTC bulls should be taken as a general indication of sentiment and not a guarantee of future price movements.

it is true that many factors will affect the movement of bitcoin because it is inevitable that this will happen, everything that is very popular (like bitcoin) will always have that impact.
but it must also be remembered that the habit of bitcoin is to always repeat what has happened and like the halving period, there will also be repetitions where at that time bitcoin is indicated to increase sharply and will form a renewable ATH.

If statements of increasing prices such as bulls must be considered as a general sentiment, then falling prices must also be considered as the same general sentiment. Because the decline in the price of Bitcoin in the market is also difficult to know now, moreover, it is also often influenced by several factors that are currently happening so that investors sell their assets to secure their initial capital before they buy again after all conditions become normal.

BTC is still a speculative asset to the majority of the market though there is a base line usage its likely to trade at a lower price purely on that alone.   Risk appetite retracting leads us back to the lows of 2022 excluding the FTX drama which arguably still remains a fake out.   19k I think is reasonable which is the autumn lows and similar pricing, thats the lower range now and I hope we can still track upto 25k or similar for a higher parallel to the lows.
   2023 will be a trading range type year, thats still more positive then the trend down of last year but its not the sunny skies some may have hoped for.

once again it is dumping mate dropping from 25k now at 19k dollars value https://coinmarketcap.com/currencies/bitcoin/ and if this continue then maybe we will be seeing another bearish trend this coming of 2nd quarter and may the recovery is in 4th quarter again things that commonly happens.
hoping that this is just correction and we will be seeing this going through 30k .

Too many Fuds are spreading in the market. The US government seems to be looking to crack down on cryptocurrencies by attacking centralized exchanges, and recently, President Biden asked to increase taxes on electricity used to mine bitcoin and crypto. They are increasing the pressure to find ways to control and regulate this market. Inflation is still hitting our economy, and with the negative news in the market, it is hard to expect a rebound in bitcoin this year. We went from 16k to 24k and now we are starting to fall again.

After many FUD scandals happened this is terrible where there was a lot of panic especially with the USDC issue which was having problems but in the end it was able to recover, now SVB is going bankrupt and this will be the collapse of the crypto market which has become a lot of speculation but now bitcoin is flying and has crossed the line $25K which previously only touched briefly but this time we see something quite significant recovery.
https://i.gyazo.com/9ebc3acc34ff30b6020360175ec6c5cc.png
There is still a possibility of breaking through the $30k level in March it is still very much open for bitcoin.

Keep HODL bitcoin, if you want to take advantage please now. I'm still holding on

Really impressive breakout in recent days. I wonder if the pump is people front running a good CPI announcement by the FED today.

$26,3xx was just hit & perhaps we go even higher today. One thing is for sure, bears are in disbelief. I hope we can soon confirm the end of the bear market.

It's a nice day because today the price has skyrocketed by more than 17%, if we save in the bank then to get a bank interest of 17% in my country it takes 4 years, but with bitcoin 17% profit can be obtained in 24 hours, this is what makes bitcoin always attractive and worth a long term investment, but i wouldn't sell it now even 2 hours ago i bought it when the price was $25200.

It looks to me more like a reversal and the start of a new trend in bitcoin. I saw something similar on the chart when Elon Musk started shilling crypto. Crazy candles like this, which occur more than one day in a row, could indicate good buying at "the bottom". Maybe I'm wrong of course. But bitcoin easily broke 25k resistance today.

And what will happen to your money if you buy bitcoin at 69k, and compared to the current price, your asset value will lose 70%? You can't compare bitcoin investment with bank savings, it's a lame comparison, if you want to compare, it's fairer than mentioning the risk of both.

If you invest short term, buying at $25.2k is not a good price to make a profit. But if it's a long-term investment, it's not a bad price, as long as bitcoin hasn't surpassed the old ATH, then we can accumulate bitcoin anytime.

Bank interest and the increase in bitcoin in comparison is unfair indeed because the risk is greater in bitcoin while the bank only maintains its stability so it's only natural that 17% requires 4 years in the bank because bank correlation is stability.

For me this is not a real increase, we will see bigger bullish than this, of course, who should we be for the long term, therefore buy defensively and keep bitcoin for a long time.
As many people have said recovery is happening.

Absolutely took me by surprise too. Not sure I see how any kind of good CPI could cause this kind of buoyancy, particularly with last week's Powell words, but I'll take this surge with some enthusiasm (because man we need some more days above 25k!).

Not that there's any credence to Fed these days but I think they have moved swiftly to stem the collapse of banks... even reassuring the public it doesn't come from taxpayer funds (heh).


Gotta start recognising spam posts, man.

Many types, but this is the type that says they would buy/sell but in reality, they're just collecting shitcoins.

Yeah, it was a big surprised seeing the price rally again, 13% and then 17% today, and we've seen it goes to $26,500. Unfortunately, it didn't hold up again, X times that when we reach $25k and up, their is a huge selling point.

Now we are back to $24,700, but hopefully the Asian market will push it enough to reach $25k again and they stay their for good and become our support line and not the resistance. That is the scenario that we all wanted to see this March and say that the bulls is really back in the market. Because it seems that the bears can instantly change the course, just like in the last 8 hours or so.

Many even believe that there will be a new ATH this year. Optimism is a great thing, but I don't think we should expect too much because we will be disappointed if we don't meet our expectations. Investing needs to be realistic and with what's going on with the world economy so unstable, so expectations of a bull season or ATH are far-fetched. I'm not sure, but I predict this year is still a bear year, and accumulation would be more appropriate than expecting a bull year.

Highly complex, I don't know about that but I believe one can develop the skills to read charts more actually by using techniques such as support and resistance or smart money concept's/ICT and for more technical analysis you could use Wyckoff  or whatever it is that works for you that can help with the prediction of where and what price action is doing.
Guess it's just about getting the trading knowledge to see things more clear and definitely just to put it out there you won't always be right!

Right on the money, these are definitely external factors that will influence price to be either bullish or bearish and ignore the technical analysis side of trade ,which  is why those that trade forex know that it's better to avoid trading news because this is when markets are highly volatile and unpredictable!

Theres an aggressive uptrend and people have said we remain under resistance but I think we have already traded above the 25k area in a significant way that can last beyond near term.   
https://talkimg.com/images/2023/06/12/AEubd.png

So long as this trend lasts and also various moving averages favor us then we can only conclude the bulls are back, the bullish trend is current meta.   It is a harsh gradient which suggests it wont last too long but while it is in place it would be incorrect to go against this repeated positive movement within BTC.

Btc bull backs in 2023, of course, many have predicted, especially the trend that has occurred, namely when the price is on the floor, the next year will go to recovery then the following year will skyrocket, and what happened yesterday when the price rose almost 20% in 24 hours, of course is the thing that makes us more optimistic to buy and hold bitcoin in the long term.

Bullbacks on Bitcoin are of course still there and have not disappeared because as long as there are still many fans and enthusiasts of Bitcoin and it continues to grow every year, of course bullbacks will come again on Bitcoin so there are many people who are still very optimistic about this. I only hope for a price recovery within this year, so even if Bitcoin doesn't immediately bull back this year, I will also be happy with the gradual improvement in prices.

bulls never went anywhere, they were only waiting for the downtrend to finish to start pumping their money into the market. in addition to that there are always true bulls who are silently buying bitcoin in the downtrends when there is "blood on the streets" to make the most amount of profit.
in simple words if you buy bitcoin at $20k you win not when you start buying bitcoin after it went over $100k.

It is starting to feel like the market is getting a little ahead of itself in the short term. Bulls seem to be back in a major way and there’s growing excitement amongst those that I know who are into crypto. It just feels like we might be witnessing some profit taking as the price has bounced from 20K to 26K in such a short period.

The hope is growing now but indeed the hope is clear to continue to improve in the long term as this is still a fraction of a percent of the previous massive downturn.
Holding on and being patient so you don't panic too much is still a good enough key to continue to make this feel more pronounced in the future. Now the $30k hope is still possible in 2023 at this time with their condition that they are still moving.

This bear market is really a test of patience and faith towards Bitcoins potential if you are really that a true holder of it on which there's no assurance on where the market would be heading.
Therefore, for those who do get involvement or do able to step their foot on this market then you would really be needing to sustain or survive no matter what.On the current market condition,
and on the recent price pump of btc reaching out 26k then it wont really be that something that you could really be able to avoid to think that the bulls is back,
but eventually the price had bumped once again and goes back on where it was.

I'm sure many people didn't expect that in less than a week the price could go up more than 35%, in general this week it has gone up more than 31%, this is strong evidence that bulls are back, don't panic to sell because most will panic sell when you see a rising price and panic sell when you see a drop in price.

Basically something like this if we have ever been through it is actually not too much of a problem. But many new people make it seem like this is the end which actually makes me feel a little empathetic with that. The advice remains the same because of course holding back will be very good regardless of how the market conditions are what we have to care about is definitely the long term and right now that's the most important thing. It's just that there are still many people who really don't know what to expect at this time and continue to panic again and again in uncertain conditions.

Since January when the price increased more than 40% then i believe that in 2023 the price will be close to ATH or even make a new ATH, this week the price has increased more than 35% and today the price is around $27300, i believe next week or this month the price will at $30k so that makes me even more excited to keep buying.

The thing that makes users more loyal and stays in bitcoin is because of the potential for prices to go up at any time, sometimes prices drop significantly in a short time, or conversely sometimes prices quickly show signs of recovery, and what happened in january and march makes us sure that the bulls season has come, of course the price has skyrocketed not thousands of percent like altcoins because the bitcoin marketcap is very large.

I also think that since January the bears have gone and the bull market has started, but I am not sure that we will see the old high this year. Usually a new ATH happens after the halving, and that won't be until a year from now. So a new ATH could be in two years if the four year cycles are to be believed. This year is more likely to be a recovery.

Bitcoin is expected to cross $50,000 this year as the market is moving. Currently the market is in a bit of a balance and this is a good time to invest. This period is moving from a bear market to a bull market. The value of Bitcoin is expected to increase exponentially in the past year. The price of Bitcoin has changed a lot this week so the Bitcoin market is likely to change more in the past few days.

Don't get excited though with this kind of predictions, if it could hit that price then good, if not then what we are going to do?

Yeah, most likely the bulls is back, but it was out of necessity, the US banking crisis brings more money right now or at least for this year. And technically we aren't in the bull market yet, so if there is a lessons from the past, then we should be very careful on what is happening in the market right now. On the other hand, instead of waiting like for the price to hit $50k, why not DCA and just continue to buy?

Bulls are fully back in the market and they are quite in control of the market right now. If the market continues with this momentum and with the happenings around the traditional fiat banking system, hopefully $50k and is achievable, we will get there even with or without such events, history will repeat as Bitcoin is the only digital asset that the supply is fixed, the price will continue to increase over time as the supply gets reduced.

That's a really positive take on the price of bitcoin. But we should not rejoice too soon. Actually, the bull runs always come after the halving and that is next year. Because the prices are currently fluctuating so much, I wouldn't call it a bull run at the moment. Of course, I could be wrong, but I'm just not really convinced yet. I am curious whether the current price can be maintained. I think we'll see $30k soon, but after that I can well imagine that the prices will unfortunately go down again. It would be really nice if we could hit $50k this year, but I don't really believe in it. Well, time will tell what happens.  :D

The recent bull run in the crypto market has brought all eyes to BTC, with its soaring prices generating profits for both long-term and short-term investors.
According to new data by Santiment, holders across all spectrums have become profitable for the first time in 14 months, leading many to believe a bull run for BTC is approaching.
As a result, addresses holding over 10 BTC have started to accumulate large amounts of the coin, and other investors are also showing interest in BTC, causing activity on the network to rise.

The increase that has occurred since January hopefully is the start of an awakening, of course we have long been waiting for something like the beginning of this year to happen again, I'm afraid if the price continues to decline it will take even longer, sometimes the market often confuses us, if we are used to daily trading then you will understand what to do.

Like you, I still believe that history will repeat itself and bitcoin will only reach new ATH after the halving. What has happened and is happening really surprises us all but it doesn't really prove that bear season is over. I believe bitcoin will hit $30k or more, but I still expect bitcoin to fall again, I prefer this year to still be a bearish year rather than bullish one. The cheaper Bitcoin got, the more excited I got, the skyrocketing price of bitcoin made me change my plans, which is really not fun.

What do you think should be done in the current conditions? Because yesterday I saw a decrease in the price of Bitcoin and today the price of Bitcoin immediately rose again without having to wait long even though it was still under $30K. If yesterday I was surprised by the decline, now I am also surprised by the sudden increase in the market for Bitcoin and this is clearly very profitable for traders.

https://i.imgur.com/PbOIFrQ.jpg

On the one hand, when the Bitcoin market increases, it feels very good, on the other hand, when it decreases, the position feels very bad. There is a lot of fear to invest as the market will fall further. Yesterday, when it moved from $28900 to $26600, it looked like the market may come back to $20k. But today I can see that the market is again at $28800. The volatility of the market really scares us a lot in investing. But the Bitcoin market is probably going to stay in the $30,000 range very soon.

The cryptocurrency market is very volatile and subject to significant fluctuations. Although there have been periods of bullish and bearish market sentiment, it is difficult to predict the exact timing or duration of these trends because for each cryptocurrency in terms of their underlying technology, adoption rate and use cases also have their own role, this is what I know if not wrong.

This sudden rise certainly surprised many because what happened so that the increase was so quickly back above $ 28K more, while yesterday's decline, there were many who took advantage of this moment. Of course, if traders take action during a correction, they can be very profitable.

It's quite optimistic that bitcoin can still survive and at least $ 30K which is a little more will soon be fulfilled in the next few days or at least this month can touch it, because I think this will be a positive trend going forward.

We look forward to whether it will rally again?

I'm still pretty sure that the Bitcoin price this month can still bounce like that to a higher price as long as there's still a pretty good Volatility buying in large quantities, because while investors and billionaires are still willing to put their money into Bitcoin, the odds are on the increase Bitcoin price will always be in this year. Although I also do not really expect that to happen in the near future.

Of course there are traders who take advantage of this momentum, because they also still have the confidence to benefit from this momentum and indeed it has proven to be very effective for those who have taken advantage of it at that time.

I am also still quite optimistic that things like this can still happen to Bitcoin and that is what some traders are really looking forward to this year. Sometimes I'm also happy when I see things like this happen, even though I don't trade like them in the market. But I was also happy when I saw this moment that it also really suits Bitcoin holders who are still holding on today.

It is likely to rally again even though it looks like Bitcoin price movement is starting to slow down now.

There is panic over the current state of the market although the overall picture is still good. But from this stage it can back down and turn bullish. So we have to wait this week to judge the next market movement. But the current range $27k is certainly a good position. Hope fully it will be positive.

Bitcoin has spent number of days beating around $28k, And looking at the Bitcoin price Chart, it's getting weak and Exhausted at $28k and the current price of $27k forming an up C curve, most likely that we will head back down to $25k to test that support level once again if failed to break towards the up side when the CME market opens tomorrow.
As lot of people are targeting to take profit at $30k, sometimes price might not get there and get a major pull back before actually going back up to hit the price and even make more higher prices.

Why will they panic? I mean for what reason? I ask because I didn't see or hear any negative news but all I can see is just a small decline in the price of BTC but we are still close to the highest this week which was $28k. This isn't something worthy to panic with but if ever there are panic that is happening, that will only be panic buying as there are still people who are rushing of filling their bags just before we reach the true bull run and there's also traders and short term investors who are taking advantage of the price volatility.

We are only in the weekend and people are less active now but wait till we return on Monday or on working days as the market will also return to normal.

Today Bitcoin market seems to be affected by the news about CZ being sued by the CTFC,  Bitcoin price seems to react about this news and plunges a little more than 3.50% today.  Though it has somehow recovered but I think the news will still have lingering effect especially when it becomes worst.  We might see Bitcoin to revisit $26k down to $25k if the matter become worse and the market sentiment turned bearish because of the news.


Binance owner CZ had been sued and there are leaked chats that can do harm to CZ and the platform.  So this news brings uneasiness in the Bitcoin market.

As I have said previously, $28,500 is the big test and it seems we didn't passed that obviously, and as a result, the price did go on minor correction twice already and then attempted at least $28k which is rejected so the price goes below $27k again. However, the bulls is still in the market as we recovered on that short retracement and now the price is $27,100. I don't think that $30k will be breach this month. April is the most likely timeframe that we are going to breach that price. The game right now is that the price should steadily climb and not some weird artificial pump to $30k and higher. We should be like looking at how the month of January increases and same with the trend for this month. Let the bulls do the run ins, I know that we could be in the oversold zone, but at least we are still above 200 Moving Average Year to Date.

https://www.barchart.com/crypto/quotes/%5EBTCUSD/technical-analysis

The price already looked exhausted yesterday and even on before the news about CZ and CFTC, all the market sentiment are just what that really used to help the market to reach its destination point. my price target is still at the $25k-$24.5k level, that level is a historical strong support level to Aggressively load up more Bitcoin , because it acted as a strong resistance so many times in the past and should also act as a strong key level for market reversal to the up side if the market gets there.

We are in the first quarter of 2023, which is not very close to the year's fourth quarter, and you want to know if bitcoin was going to decline until the year's close. To answer your question, nobody can predict the state of the cryptocurrency market till the year's conclusion. If a bull run or bear market is what we should anticipate.

With the current price increase I have so far observed, I can only conclude that we are just seeing a correlated price of bitcoin

In my opinion the price recovery that has occurred recently is only temporary, meaning that after this there is still a possibility that the price of BTC will fall again. currently BTC is only in a positive trend not bullish or halving that occurred in 2017 and 2021. This positive trend could be a bull trap but if you want long term investment you don't need to worry about this problem.

Now the market is currently experiencing,.Remember the price always fall and rise no one can predict the position of Bitcoin.so the best thing to do is to prepare for both, when the bear market comes you risk,and when Bitcoin comes up you take advantage of the bull market.who knows if the next bull run won't break the last ATH? We can't predict what will happen next, bitcoin price, it's getting weak and Exhausted at $28k and the current price of bitcoin is $27,994.39.The price is moving $28k-$27, $27k-$28k,if forming an up C curve, most likely that we will head back down to $26k to $25.Yesterday I was surprised by the decline, but there are lot of people that targeting to take profit at $30k, sometimes price might not get there and get a major pull back before actually going back up to hit the price and even make more higher prices.

So who panicked and why panicked? I think the bitcoin price movement since the beginning of the year has been pretty good and the positive trend has been going on for a long time. although currently the bitcoin price is stuck below $30k and has difficulty breaking through $30k but in my opinion this is not a serious problem because I believe in the near future the bitcoin price will be able to penetrate $30k and continue the positive trend.

it's normal for someone to panic about the price of bitcoin that hasn't improved, because maybe he bought bitcoin when the price was indeed higher and the funds that were going to be turned over had not yet returned. but I also agree that there is no need to panic too much because the criterion of bitcoin is always to repeat what has been done, maybe it's only a loss at a longer time.
for the price of $ 30K already done by bitcoin now it will slowly go to penetrate $ 40K, although slowly but there is no need to worry because next year has entered the era of the halving period.

It is not normal to experience panic especially if your goal in trading is to master the technical analysis skill. If you cannot overcome the fear and panicking the possibility of you losing your whole capital is very high so it is important that panicking is not good and it gives you signal that there is something taht you do not know yet and you can overcome it by being aware to what is wrong. The price of bitcoin recently go up and there are a lot of altcoins that up gains more than 30% in just a one day. It is a signal that the market really transitioned into bull market, today if you will look at the chart; you can see that most of the cryptos are in red because the market is retracing and we should not feel any fear or panic because it is noral because remember that the price do not go into straight line ebcause it also experience exhaustion so it needs break that is why it is current retracing.

I'm looking at $29,000 level, there is a high chance that the price may retest in this area so better to watch out and for me this is the best time to get positions because it is where the buyer resides wherein the demand is too high that may cause the price to bounce and to do some swing high. I also expect consolidation for the following days and weeks so let's see.

When the market is volatile, or we buy at a price higher than the current price, panic is normal, but if it persists, it is not normal anymore. Remember that panic is the cause of our losses.

What is happening in the markets today is a mini uptrend, not a real uptrend, and so I do not see us entering a bull season. History has shown us that the bull season is only 1 year after the halving, which means we will have a bull season in 2025. Unless history does not repeat itself and we will make new history this year, but I doubt that given the current world economic conditions.

I honestly think bulls are back on markets. You can currently watch markets and see anytime correction happens it triggers another demand and prices can't find chance to go lower. In past, like a month-2 months ago it was completely different. People were trying to make money but bears were killing demand. Although I believe we aren't in huge bull run this year as I think its too early for one. Next year will be better.

Yes the bulls are in control now, but seem will be getting some price cool off towards $28k support level, its initial breakout point. Secondly, a bearish RSI divergent is shown in the daily, H4, and H1 timeframes are in agreement, plus a Head & Shoulder pattern currently forming on H1, which indicates that the bears wants to dominate in the short term.

Indeed it does seem that price wants to return to $28K in order to turn this previous accumulation zone into new support.


The bearish divergence on Daily time-frame is more or a "hidden divergence" (ie same RSI level with price higher high), so I don't consider it as reliable as standard divergence personally. We can otherwise overlook the bearish divergence from January and February to current RSI levels as there was already the pull-back to oversold levels on Daily time-frame when price corrected to $20K.

It's also worth noting that the bearish divergence on 4hr (that is pretty clear cut) has arguably already played out, ie the RSI has returned to oversold levels, even though it could go lower like it did last month. Similarly with 1hr and other short-term time-frames, this bearish divergence has largely already played out with the -5% correction we've seen in the past day or so.

The head & shoulders pattern is the only one left that has a target lower than already reached, around $28.6K based on neckline break, which is also conveniently around the previous accumulation zone as well as Monthly opening price. So while bears currently have the upper-hand on short-term time-frames, it might not last very long based on the correction that has already taken place.

In 2022, the position of the Bitcoin price was most people's statement. All they had in mind was that the value of Bitcoin might not increase and they were completely disappointed. But 2023 started with a good position for the Bitcoin market. At the beginning of the year the Bitcoin market started to grow little by little and so far it has grown more than ever before. And in April, the price of Bitcoin touched $31k dollars, which enabled all investors to overcome their disappointment. But I think the Bitcoin market is going to turn into a bull market again so it would be best to invest in Bitcoin now without delay.

Too early to expect a huge bull run for this year.

With what I'm expecting, it should happen after the halving just as what the cycles that we have gone through for the past years. That's demonstrated before and that's why all thoughts are for it.

Just as 2020 when the halving was done, the bull actually started on that year so who knows if next year will be the start of the larger bull run.

Let's say that we will not hit another new all time high for this year. But maybe close to it, around $50k-$60k at the end of the year or at least before the block halving in late April or early May.

And still a good price though if that prediction will come true, I mean lowest low that we have for this bear cycle is $15,500.

So that will be a relieved if before the actual before we are close to the last all time high. But it doesn't mean that we are in a bull run and that we will have to sell our stash. Just continue to accumulate and HODL.

The movement of Bitcoin this year has been pretty decent, and we can say that it has already had a mini bull run.

After hitting $30k, the price is now in correction mode, but if it doesn't dump hard, that means we will hit the highest price again this year. Once this mini bull run stays consistent, eventually the hype will start to grow, and just like in the past, the entire market will be in bull run mode.

This means that all of us who trusted the system will benefit greatly from the big price pumps.

Now bitcoin has gone into correction mode because the price has touched $28,000 almost below that but it is a support point that maybe this $25,000 depends on how some factors happen until it will enter bearish again but if it doesn't happen I think bitcoin can continue its bull trend again and that price can more soared over $35,000 but I guess this year's high is bound to happen as some more hype has started to grow just waiting for the right moment.

If there is a correction for when to buy BTC and I think this is very appropriate to make another entry.

I've already set my mind that we won't hit a new ATH for this year because the cycle should start after the halving by next year.

But it's an optimistic price that it's setting if it reaches to that price by the end of year which you've said as $50k-$60k.

We're done with the lowest for this cycle and even if there are still plenty of folks telling that it could go as low as $10k, we shall see if that's still going to happen but IMO unlikely.

Take a look once again at the market to see the extent of volatility in the price of Bitcoin and other top coins in the market, just a few days ago a bull was on a high trend but at this moment the bear market is pushing hard to push the price down further than what it is right now, so we should step back to analyze the market deeper to be able to make a stable and good speculative analysis of the market, for the past few weeks/months the bull has been on a run even though it was on a slow past but then we can see how the price of Bitcoin broke the 30k+ price for a while before sliding down again to the current price.

But since we are already used to Bitcoin market sentiments and volitilties, we can take the present condition as a revuolding stage for the market before it touches a possible new price.

Correct. I agree with you that many factors influence bitcoin price movements. Moreover, as the parent of altcoins, bitcoin is the main center of attention in various issues, both negative and positive. Therefore, we must not be affected by market conditions because the rise and fall of bitcoin prices is a natural thing to happen.

atleast bitcoin will recover to 30k+ but i don't think it will pas 40k$ right now.
i was shocked when bitcoin broke below $20k,i think we still need a few months to see that bitcoin will break $40k or break below $20k a second time

It is likely that the Bitcoin price will return to $20k in the near future. It's not that the whales have forgotten the bull. The good year is in 2024, so we don't need to panic when we see the current Bitcoin price drop from $30k to $26k, even lower than that. Of course the traps continue to be made, and this depends on how we react to it.

You should be able to take advantage of market conditions (its volatility) to take profits or maybe buy some. So this volatility will affect you unless you are a holder who does not want to add to the pile of assets as long as they are cheap.

If you are a holder, then ignore the price volatility as long as you haven't found the target you want. But if you still want to build your portfolio then I think you need to keep an eye on price volatility especially during corrections. Buy more with DCA, it will help you get lower average price.

how do you know it will be good year in 2024. With this market condition i do think that bitcoin is still in bear market

do you think is it possible BTC will go down below 10k? i think it's possible

Yes, BTC bulls will come back again. And it could probably come anytime between 2024 and 2025 which could leave the ATH. Because almost all bitcoiners currently think that bitcoin will make a new ATH again. Moreover There is also a high chance of a major bull market in Bitcoin in the near future and this could happen as between as 2024.

I don't think that the bulls has left the market for good, it's that the bears really take over after reaching our all time high in 2021. And with that, it's hard for the bulls to keep phase with the current market price and even if they wanted to push it, there are a lot of negative things that happen last year and even this year as well, pulling the price or at least making $30,000 as the resistance level.

But as we have known about the market cycles, sooner or later, we will have the catalyst for a bull run, that is the block halving. Just less than a year from now, and then after that activity, the bulls will slowly take control of the market again.