Bitcoin Forum

A look at the stats shows that the month January could be the best since 2013, or the best since Bitcoin exists. I mean only the months of January. In 01.2013 with +44.05% and currently at about 43%. There are still a little more than two days to go, so it's possible. What do you think?

https://s3.cointelegraph.com/uploads/2022-12/bfc18df4-3755-48d7-87ee-1b448c008776.png
Quelle: https://de.cointelegraph.com/news/bitcoin-sees-worst-monthly-close-in-2-years-as-traders-watch-16-7k

Bitcoin has to surpass 24,000$ price range yet, what seems the currently resistance level. I'm hopeful it's still possible to happen, so it's going to be huge news to boost investors' optimism, consequently making bitcoin more bullish for the upcoming months.

If a similar tendency to 2013's repeats itself, we are going to see massive gains on the next months. That would be great to recover at least the 40,000$ price level this year, and then half of the way for the next ATH would be already completed.

The price of bitcoin will surely rise in the left days of the month. Based on the growth that have taken place through the month we're to cross $25k. The resistance level seems to be at $25k. Growth percentage of bitcoin is on a cycle and now it is getting repeated. Based on which we can expect good bounce in the upcoming months even though the halving is scheduled for the year 2024.

$24k is not difficult to surpass as we are actually almost to that level. 23700 and still going up. it may hit 25k fast very soon. so yes, it may indeed boost the positive vibes in this market and may create buying spree for some users. though 40k level is still far from happening, but we are only one month over this year.

Bitcoin hit 23,907$ two hours ago. It was so close... But the 24,000$ mark couldn't be surpassed yet. Then a little correction came and brought bitcoin to the price you mentioned above. Investors just need to put some more pressure on their buy orders and they can overcome the 24,000$ wall.

Everyone else just have to keep holding. Without short trades, we increase the chances it's going to happen in the next 48 hours, so this month will be a historical one!

It's true. It's only the first month of the year, what means bitcoin is just beginning. ;)

what we have is whales on future contracts..
december saw a month long resistace spot wall created so futures whales can win the sub $17k bets in december
1st-8th at 17k
11th-18th at 21.5k
20th-28th at 23k

we shall see if the whales turn off their resistance spot bots and leave hem off or just set them at a new higher or lower resistance

i suspect theres another whale at a 25th-1st gamble of $23k

Well it could be but I guess it won't mean a thing. What we are waiting for is a total recovery on the market price of cryptos. We are not yet sure whether this industry would be able to fully recover this year given that the anticipated increase would be on next year thru Bitcoin Halving. But I am still glad that after months of this market being down, we again saw green marks over this industry and that is a good indicator. More likely, if there would be good things to happen in this industry, we may see atleast half of their ATH price to be reached before this year end. Still a long way to go in the first place and many things could still take place as this year continues.

recovery..?
oh please take your inflation economics words/mindset and turn them upside down(bitcoin is deflationary by the way)

the 2021 ATh was not a point of sustained value. it was a inflation bubble PREMIUM due to burst like all ATH do.
the burst and recovery(correct down) back from a premium to near value point. which in 2022 was a $15k value bottom and a market price bottom of $16k

the recovery happened. now its the growth.
slow growth is good as it gives the time for the non-zero bottom value to grow too (below the market price). without the high speculation volatility bubble and pops of the market price going too premium to pop again soon

It quite an exciting moment for those of us that hard low entry level multiple times in the last low and at. This time we are already on profits mergin, but not being a short term investor is what motivates our current standing as none DCA inspired bitcoin holders and at that the price of Bitcoin doesn't move us any more.

But also we can say that it is too early to start predicting a bull run and pahaps we should take this current market situation as bitcoin trying to rebound back to a significant price high, that will sustain it future events and making a push to an ATH when the market have enough liquidity to sustain a new high.

Ah, that was close to touching $24k. If it can touch the $24k level even a little bit, there's a good chance it will continue to increase. But that's okay, bitcoin still has time to rise higher, and this is proof that bitcoin will go up slowly.

Be patient, everyone, hold on tight to your bitcoin and hopefully, in the next month, the price of bitcoin can penetrate $ 24k and $ 25k well and continue to slide up.

This January, the bitcoin price has attempted to increase from $15k to $23k, and there is still plenty of time for the bitcoin price to keep increasing. And we can still buy bitcoin at the current price. And it could be that $24k will be closing this January, so in the next month, there is more opportunity to increase the price again.

It quite doesn't matter what I think because prices can go up or they can go down and such a short period of time is not possible to predict: until end of January are just 2 more days. For such a short period of time, it's somehow like 50% chance each for increasing prices or decreasing prices.
Maybe a bit more chance to increase in value because Bitcoin's fundamentals are designed like that (numbers go up) but it's not possible to make an educated prediction when just 2 days are left.

We can say one thing for sure:
A very positive (green) January is an extremely bullish sign for 2023, especially since Bitcoin's next halving is only 1 year away.  :)

What's Quelle, do you mean source maybe?  :)

It is possible. I think this January will be able to beat the record currently held by January of 2013. There are still around two days left before January of 2023 will end. And it seems the current trend is upward. I think the price would easily surpass $24,000 within this month.

Even if the month closes at $24,000 only, the record is already broken. Coingecko's price of Bitcoin on January 1, 2023 was $16,600. If the month closes at $24,000, that's already above 44.05% of growth. That's a new record.

What I think is that it is normal that we see these kinds of returns when we have fallen so low. Recovering is logical if we look at the bitcoins mined, the production ratio and the general situation, as Bitcoin was too cheap, and it was normal to return to at least levels above $20k.


Whether it ends up being the best January to date or not, I don't care. It's an isolated statistic that I don't care about.

Rather than relying on and waiting for reports from Cointelegraph, you can get it directly from
https://cryptorank.io/price/bitcoin
https://checkonchain.com/btconchain/monthlyreturns_pricing_usd/monthlyreturns_pricing_usd_light.html

Sorry and I am not offending you but what is a difference between 43% and 44.05%? It is a difference but too tiny.

And it's better if you compare between two bearish years or between two bullish years. 2013 and 2017, 2021 or compare 2023 with 2019 and 2015.

Lastly Bitcoin volatility looks to be shrinked and less wild than past few years and early years since it was tradable after 2pizzas event.

The Mayer Multiple Chart shows this https://charts.woobull.com/bitcoin-mayer-multiple/

Honestly, I still think it will tank down. Unfortunately, the macro economy is still sucked so I expect bitcoin to go to +-15,000. But after that, we will see 100k for sure. But it will probably happen only in 2024.

I am more positive that Bitcoin will climb slowly to about $30,000 after that it will be corrected so seriously. Maybe at the end of 2023, we will see Bitcoin around $30,000 after it recovers from the correction.

A big bull run will be in a halving year so 2024 will be a very great and exciting year for us.

I am not worrying about how Bitcoin will move in 2023 but I am focusing more on my plan to DCA Bitcoin. I don't want to miss a 2024 and 2025 bull run.
https://dcabtc.com/

I think it will be really tough for Bitcoins to break the resistance and reach 24k usd mark in just 1 and half days. Bitcoins have already proved his capacity by jumping to 23k usd from sudden 18k usd price point. So yes people who have lost faith in BTC, are now again buying it. The sudden price jump had already made hype in the mind of investors, as this will lead to a bullish season. We don’t have accurate results whether Bitcoins are always up during January or not, but yes this time January was a blessing for all the crypto investors.

The context of being the best month in terms of improvement is that we also went through a period of the worst time in recent months for Bitcoin. You know, like being last in class all the time, and suddenly getting 10th position and being the most improved student in the entire school history :)

But anyway, I'm not saying it's a bad thing. I think it could be a great thing too actually. Optimism!!

Many thanks for your opinions.

You are welcome to write the truth. that's okay.

It was only current % that I wrote down at that moment. The price is currently going down again. Everything is OK, feel free to write what you think.

So I wouldn't compare it with 2013 and the coming months. But greed is on the rise again.

There are 10 years between 2013 and today, we can't compare it. But if Bitcoin continues like this for 1-2 months and we see a new BIG NEWS, then 40,000 USD could be possible, hopefully.

Bullish sign sounds too positive in my opinion. Whether 2023 will really be that good remains to be seen. But overall we can say that january 2023 was a good month for bitcoin. Precisely because the next halving is still a year away, I remain positively skeptical.  ;)

You really see everything. I wouldn't have noticed. Quelle (https://de.wikipedia.org/wiki/Quelle_(Versandhandel)) is a mail order company. Sorry I couldn't resist making that joke.  :D

Your opinion is probably exactly right at the moment, the price dropp 1,000 USD. But after 2022 we finally have some FOMO again.

Its a German word and I come from Germany, thats my mistake, please forgive me. In germany we say Korinthenkacker. Its also a joke, please don't hit me  ;D

The recovery has not happened how has it happened when we were much higher then we are right now? We might be in the recovery but we are not recovered yet. The bitcoin price jump was not because of inflation and btc being deflationary would support the argument of a total recovery. If you believe btc is deflationary then the bottom means nothing and the only concern is recovering to our ath or near enough it. Atm we are a too far away to call this a recovery.

This is a great news for we crypto lovers and holders and even without doubt, well all agree that Bitcoin despite it's setbacks, has been fighting seriously this month and it seems it's been moving upward positively.
I understand that it will require Bitcoin to surpass $24k in other to hit that expections of OP but just as we all know that nothing is impossible with Bitcoin especially when it comes to prove volatility of Bitcoin.
Let's all stay positive and very optimistic about the price as anything can possibly happen in this last day of the month.

I also don't want to seem like the evil or black sheep here but hope we're also making plans on how to cop just in case the price doesn't move as we expect or predict ?
There are always lots of surprises with crypto (Bitcoin)

Bitcoin has been performing in a decent manner so far. This month has just one day left. Therefore, you can see Bitcoin's current movement if you compare it to its movement from the previous year. I think that the price of bitcoin is rising this month. Me included, many of us anticipated a Bitcoin correction. However, it didn't occur until now and priced about $23,000. Since the start of this year, Bitcoin has shown strength. As there hasn't been a price reset yet, I am hoping for the best.

I would say, it still comes with the some breath taking risk. From the statistics presented in the charts, the year 2013 isn't the only year that kicked off with the bulls pushing price up. The year 2021 had similar occurance and still, I closed bearish. I could give the same speculation  to this year give that, the bears at the moment are very much creating a strong resistance at $23k which still shows there presence and power in the market.
Based on that, we can keep watch and expect the unexpected because, bitcoin price is just something one can't predict accurate just based on records or whatever stats you've got. It would still move in a direction you just weren't expecting. Although, 2023 isn't going to be like last year for sure.

As Franky already mentioned, the ATH wasn't of sustainable value; it was a bubble bound to burst. It was unrealistic to speculate that Bitcoin would just keep gaining in value; it needs sustained growth, and that's what's happening right now. The bottom was at approximately $15,000; now we're back in our growth phase, and that's a recovery. Just because it's not the recovery many users anticipate, due to them taking into account the $69,000 ATH, doesn't mean we're not headed towards one. It's way too early to speculate on the future, but the halving is about a year from now.

Everybody is shouting because of the little increment of Bitcoin so I can believe that bitcoin have a growth in this January 2023 but it's not due or enough for me to say that bitcoin is all in this new year or bitcoin have reached her ponder that we cannot think of it falling again so this time around I think about bitcoin still have a long way to go before it will fall or rise

those shouting that growth is recovery have the mindset that bitcoin was suppose to be higher and that we crashed and now its healing, recovering

no. just no.
the ATH is a temporary event. not the point of value. its infact a point of premium. where you are more guaranteed to lose value buying in at the ATH

reality is that VALUE is not found at the high. the "store of value" is not the ATH amount

the store of value is the non-zero bottom

EG 2021 was $10k store of value
EG 2022 was $15k store of value

when the market premiumed to $70k
that meant that anyone buying at $70k was not protecting 100% of their wealth
they were only protecting 22% of their wealth

to protect say 95% of wealth is better to have bought 4.375btc at $16k rather than 1btc at $70k**

the recovery/value correction is when the speculative market comes back down from a speculative premium ATH bubble

thats the key good buying point of bitcoin. the ATh is not the good value store of btc. thats the good value store of fiat when your about to sell to get fiat.

again thinking if from a fiat inflation side where all you care about is maximising fiat you need to flip the mindset when talking about trying to maximise your btc holdings

**
think about it.. which is better
buy 1btc at $70k. it then corrects and recovers to near value of $16k by which if it then rose to 90$ in 2023 you only gain $20k when you sell

or buying 4.375k for that same fiat lump of $70k investment. which again if market then goes to $90k = 393.75(4.375@90) meaning you gain 323k on your initial $70k

..
those shouting that recovering to some ATH is the ones thinking in fiat mindset of their exit of a FIAT investment.. .. not thinking of value recovering/correction down of investing in btc

you are not a bitcoin investor if all you can think of is future holdings of mass fiat.
a bitcoin investor is thinking about accumilating bitcoin and protecting his wealth in the process by buying low

According your table the best month October look at that 10 Year and only 2 missing its like a win streak just like February did better pack it up right now and selling on February buy again march sell it on April or July

A few days ago bitcoin tried to capture the $24k area but unfortunately bitcoin was only able to be in the $23,918k area according to the Coinmarketcap price movement chart and became the highest level of bitcoin during January, after being able to be at the highest level of the area only for a while then the bitcoin price underwent a slight correction came back and is now down to a price of $22,841k at the time of this post.
There are only a few hours left in late January and it doesn't look like bitcoin has the strength to close the month at $25k as there are currently no positive signs to help propel its move towards that price for the rest of the month.

Yes, that's right. Either way, 2023 has got off to a good start and some FOMO is certainly not bad for the overall market.  :)

I know that, and there's nothing wrong with that. Hope you didn't take my little joke too personally. Didn't mean you any harm.  :)

And I would repeat what I thought two days ago when I first replied to this thread, I think there is nothing wrong with having a bit of optimism, even though the context is that Bitcoin was performing so so badly that it was impossible to do even worse ;)

Optimism and FOMO in January might not be a bad thing at all, we all need a little break!

Now if we could please at least hold on to this sideways above 20000 for the entire February it would be great. I feel as if the problem now is confidence is so hard to build in the market after so many consecutive beatings in 2022.

It's an interesting observation, and it seems that the rise is indeed higher than ever since 2013. However, that doesn't mean much per se, of course, as if other months don't go well, it won't be much of an achievement. I must say, though, that I didn't notice that the increase was so high, I was surprised to see 40% when I calculated the change myself. So far, so good. I'm happy Bitcoin is holding together well now, but I won't be surprised if there will be a fall back to the previous $17k or $20k barrier.

I am also optimistic about its growth but frankly saying $100k at this time seems long term game as first we have to break down the previous ATH of $68K and then head towards the next goal but yes it's achievable if are patient enough.But for short term it can go down also with any FUD or negative news but happy to see some small pumps taking it above $22k after long wait so let's see how well it goes from here.

Nice tracking of the monthly performance of bitcoin price in the previous years. I'm saving the graph for future reference. Maybe Chinese whales are trading according to their beliefs and superstitions. So since 2013, Februaries and Octobers are the best months for bitcoin. And I thought the ghost months are the worst months to trade but it seems that Septembers are the worst months. Anyways, we might not have the same performance this month since January lit it up already with a nearly 50% increase. But we might see another bull run if bitcoin breaks the $24k-$25k resistance.

Yeah right, it's not a very significant recovery for Bitcoin and can't say it's recovered, but at least right now from some of the upswing and starting from early january we think we've had a bit of a recovery that hasn't fully recovered, and we think Bitcoin performed well this month, and was able to end january at a good price, even though it didn't hit that significant ATH.

The price at the end of december was around $16k and last january had touched $23700 so there was an increase of around 45%, you could say since bitcoin skyrocketed in 2013 then last january's increase was the highest, of course bitcoin is being reported more and more by the media and this keeps new users growing so I'm sure that in 2023 there will be new ATH again.

Agree, bitcoin will have to be correct as we are still in the bear season, and the economy is still very volatile, it is not as stable as people imagine. Inflation is falling, but that doesn't mean the economy is recovering, looking at big businesses laying off thousands of employees every month is enough to see the economy is not good. Therefore, it is difficult to expect the financial industry or the cryptocurrency market to recover significantly. But the exciting thing is that no one knows how far this bitcoin pump will reach before the correction.

We have passed 24k, so I expect it to be easy to reach the next target of 25k. If we manage to pass 25k, I expect, in my opinion, the next target will be 28k, and then 30k as the last goal in this interim period.

In general, Bitcoin's behavior was very good in the first month of 2023, which is the best in almost ten years. This is very promising behavior, especially as we approach Halving next year.

Of course, we have to mention that during that we might see a lot of corrections, but this is not effective in the long term.

I saw yesterday being there but now the price is back at $ 23.4k, but with conditions like this it makes me a little more optimistic now because indeed they can still be in better conditions.
However, stay alert if you are a day trader as there can be some unexpected ups and downs which makes this a bit more risky although it is less impactful for those in the long term.

Now it's February and the price difference with January is also not that far because the increase is not that significant even though the recovery has started in Bitcoin. I would consider the recovery to be amazing when Bitcoin is able to top $35K within the year as that is half the ATH Bitcoin has ever been. Because I don't think and believe that a new ATH in Bitcoin will be reached this year, and besides, Bitcoin always takes more time to increase to create a new ATH.

But we need to be calm though, right now we've experience some minor correction already, down to $22k++. So it seems the big psychological barrier is $25k and we haven't touch that yet.

So we might have one of the best month in bitcoin's history, but it doesn't mean it will go parabolic this year. Technically, we are in the midst of the bear market, so everything can still end up in a negative way for the next 10 months or so. If could be amazing as you have said if we are going to $35k, but I wouldn't be surprised if we don't.

If anything, it means we won't go parabolic. The year-long rally (that ends in an ATH) generally starts in the middle of the year, so if we do see the start of one this year, it'll be in 2024 we see some heavy returns to the green.

Also, it's just way too soon since the last one.

That said, nothing means anything anymore with Bitcoin treading in unfamiliar territory (widespread adoption and recognition, against a backdrop of global recession).

He doesn't seem worried or excited there so he can surely be calm but anyway, I thought that the correction is already over? And there are no new increases so far to have another one. Maybe what happened isn't a really a correction but it's just a normal fluctuation in the price. We shall not forget that BTC is still a volatile or unstable crypto.

I think all are aware that $25k is one of a huge barrier. We haven't touch it yet as it might be early to start a bull run for now. Even not a bull run but only to see a $35k is indeed can give us a good feeling already because it's been a long time since the last time we saw it and people can also sell some for profits.

Bitcoin ended with a price of $23k in January, now we are in February, the price is below $23k. Who knows what will be the price of bitcoin before the end of this month. It is now clear that the price increase that happened in January is a sign of a correction phase of bitcoin price not for the anticipation of a bull run season taking effect in the market.

Let it not be a surprise to us that the bitcoin price will battle between $23k-$25k throughout the end of this February

The increase that occurred in January reached more than 40% and of course this is a fantastic record, making investors more optimistic and panic buying again, I believe that the upward trend can continue as long as there are no major cases like FTX, and slowly investors are getting smarter and prefer to store assets in private wallets so only use exchanges for fast transactions and then immediately transfer assets again.