Bitcoin 2023, Bullish or Bearish?

[yohananaomi]

Crypto currency market always unpredictable, It is very difficult to say when market will Bullish and when will Bearidh. Although i think this year will combined. Now bitcoin price is 29500k and it increasing day by day. But i think Now bitcoin price will increase and last of this year Bitcoin price will down Again. So it is difficult to say crypto currency market will bulish or bearish.

determining exactly exactly will not be easy to do because indeed crypto is difficult to predict as well as the market situation is influenced by many factors, I agree with you that indeed a bullish/bearish market is very difficult to determine, but a repeat market will always occur and usually it will be used as a prediction even though Not always guaranteed, but estimates can be made. Just remember that the halving era will occur next year and it's time to continue to buy and hold, don't focus too much on the market being bullish/bearish.

[naikturun]

I think it will neither be bearish nor bullish. It will remain sideways and continue to do that with some gains until the next halving. If you are not aware of when the next halving will happen then it is scheduled to happen next year. I am expecting a good bull run after the halving.

Till 2019 Bitcoin somewhat was following the cycle of 2017 when we saw for the first time a big ATH. After 2019 it did not follow that same cycle but after the last halving it took some months then we saw a big bull run. I am confident we will see the same cycle next year or in 2025. We should be happy that Bitcoin never went down in 2022 or 2023 as it did in 2018.

While it's natural to draw comparisons to previous market cycles, it's important to approach price predictions with caution. The cryptocurrency market is dynamic, and new factors can influence price movements that deviate from historical patterns. It's advisable to conduct thorough research, seek diverse perspectives, and consider the potential risks and rewards before making investment decisions.

[Semar Mesem]

A bullish or bear comparison, of course, with the previous year, namely 2022, I'm sure in 2023 the price can rise and reach at least $ 50k, maybe it sounds like an exaggeration because the current market conditions are very difficult to go up, but I'm optimistic because in 2024 there will be a halving day and demand jumped before the halving day or the end of 2023.

[Davian144]

A bullish or bear comparison, of course, with the previous year, namely 2022, I'm sure in 2023 the price can rise and reach at least $ 50k, maybe it sounds like an exaggeration because the current market conditions are very difficult to go up, but I'm optimistic because in 2024 there will be a halving day and demand jumped before the halving day or the end of 2023.

I would agree more if this is related to the level of demand and supply so that the comparison can be clearer, because while this year the demand for Bitcoin can increase much in the market compared to last year, the potential for bullishness is much greater than bearish. But this is always difficult to know from the start because every year there are always changes that occur in the market for Bitcoin, apart from several cases that can affect the price of Bitcoin on the market.

[Wong Gendheng]

In 2023 it still leaves about 6 more months and in my opinion there are still many things that can happen, even though the market is currently very difficult to rise, but I'm sure if there are small surprises it will make an explosion in the market, I think the best thing when the market is red like when This is continuing to buy and don't panic when the price is dropped.

[AnonBitCoiner]

bitcoin price in 2023 will look like bullish but not really bullish because a real bullish will most likely be in 2024. I mean the price of bitcoin in 2023 tends to rise, a kind of long-term positive trend that makes the price of bitcoin slowly increase but not increase significantly like in 2021. 

Yes exactly 2023 is not like the year of 2021 because the price is not such higher as that of 2021 but still is higher than 2022. We can say that recent year is the best year for buying and for holding and the next year will be beneficial because of the Bull season coming soon.

From start we have seen huge pump in the price of coins but as the years proceeds so the price stops to increase but we hope that at the end of 2023 again there will be greater achievement in price of bitcoin.

[StreakW]

I think determining whether Bitcoin is bullish or bearish in 2023 will depend on the complex interplay of economic, social, and technological factors. It is important to remember that investing in cryptocurrencies is inherently risky and should be approached with caution and careful consideration of your personal financial situation and risk tolerance.

Risk consideration and personal financial tolerance are really needed by those who want to invest in crypto. Because it is clear that any market conditions including the crypto market itself are always influenced by economic, social and technological factors and one more thing is the safety factor for everyone who invests.

And if all of these things are very good without any interference with its development, bullish on Bitcoin also cannot be determined as long as the increase is still slow with corrections that still tend to occur in the market. Likewise with bearish which also cannot be determined casually even though the increase does not occur more quickly in the market.

Of course risk considerations and financial tolerance are needed in investing, especially in cryptocurrencies. Apart from that, investing in crypto currency is also necessary so that we can manage our emotions well because the price of cryptocurrency is very volatile. If we are not ready to face the turmoil of the crypto market and cannot manage our emotions well, then we will be trapped in big losses.

[waONE]

I think 2023 right now is the market is in the accumulation phase or it's called consolidation,
but don't worry the bearish is probably over and we will enter the bullish season in 2024,
because indeed 2024 is the year of the halving,
we know the halving will make big changes to the price of Bitcoin so take it easy and don't sell your Bitcoin cheaply.

[Inspiron14]

I think determining whether Bitcoin is bullish or bearish in 2023 will depend on the complex interplay of economic, social, and technological factors. It is important to remember that investing in cryptocurrencies is inherently risky and should be approached with caution and careful consideration of your personal financial situation and risk tolerance.

Risk consideration and personal financial tolerance are really needed by those who want to invest in crypto. Because it is clear that any market conditions including the crypto market itself are always influenced by economic, social and technological factors and one more thing is the safety factor for everyone who invests.

And if all of these things are very good without any interference with its development, bullish on Bitcoin also cannot be determined as long as the increase is still slow with corrections that still tend to occur in the market. Likewise with bearish which also cannot be determined casually even though the increase does not occur more quickly in the market.

Of course risk considerations and financial tolerance are needed in investing, especially in cryptocurrencies. Apart from that, investing in crypto currency is also necessary so that we can manage our emotions well because the price of cryptocurrency is very volatile. If we are not ready to face the turmoil of the crypto market and cannot manage our emotions well, then we will be trapped in big losses.

investing in crypto currency must be wise in managing emotions and of course one of the things that must be eliminated is greed in trading,
we have entered Q2 2023 and it can be seen that the market is on fire, so for bullish I think it is still not visible,
bearish for Bitcoin is also spelled out still weak as $25k is still holding.

[JoyMarsha]

Although it's impossible to predict whether this year will end up being bullish or bearish, from the start of the year through the end of May, bitcoin hasn't shown any clear signs of either trend. It's currently neither bearish nor bullish, merely in the middle.

The year 2023 still has six months yet to go, and given that the halving season will occur by the next year, it's possible that we may end this year on a bullish market. This is based on assumption; nonetheless, it is unclear what will happen to the price of bitcoin in 2023. It may be either bullish or bearish. Hands crossed

[lepbagong]

I think 2023 right now is the market is in the accumulation phase or it's called consolidation,
but don't worry the bearish is probably over and we will enter the bullish season in 2024,
because indeed 2024 is the year of the halving,
we know the halving will make big changes to the price of Bitcoin so take it easy and don't sell your Bitcoin cheaply.

it's hard to predict what will happen, because at the beginning of the year it actually made a surprise with a sharp increase, even though it is currently back down, but the decline is still at a pretty good price and doesn't go down drastically, the possibility can always happen later and you can't predict the situation At the moment.
but I really agree with what you said, that there is no need to worry and keep holding on because the halving era is coming soon, which will make the usual changes, don't be in a hurry to sell but instead keep buying.