Bitcoin survived the Christmas market pressure

[kotajikikox]

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

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

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

[Oasisman]

Is this an indication of the bullish market in the year 2023 where Bitcoin will break 20,000 in the early weeks of the year?

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

[livingfree]

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

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

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

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

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

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

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

[Odusko]

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

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

[Hamphser]

Is this an indication of the bullish market in the year 2023 where Bitcoin will break 20,000 in the early weeks of the year?

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

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

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

[Oceat]

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

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

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

[carlisle1]

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

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

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

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

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

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

[Baofeng]

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

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

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

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

[TravelMug]

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

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

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

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

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

[tygeade]

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

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

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

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

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

[Strongkored]

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

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

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

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

[kotajikikox]

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

[Davian144]

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

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

[Marvell1]

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

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

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

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

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

[bitzizzix]

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

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

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

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

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

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

[Jody.Drummer]

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

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

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

[Adbitco]

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

[laurenB7742]

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

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

[KingsDen]

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

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

[Ojima-ojo]

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

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

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

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