Bitcoin survived the Christmas market pressure

[btc78]

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?

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

[Yaunfitda]

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?

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

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

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

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

[fuguebtc]

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?

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

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

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

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

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 Drama FTX is not over, Gemini and DGC still have no solution, and 340,000 Gemini users have not withdrawn since November.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

[Ojima-ojo]

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

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

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

[rodskee]

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

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

more reasonable to listen in this  because increasing does not assure us of perfectly and strong market instead after each increase then decrease follows specially in bearish market like what we have now.

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

we are all having this hope but the question is are we truly going to break that 30k?
if not happened this year then maybe it will be harder in 2024.

[carlisle1]

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?

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

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

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

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

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

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

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

[Odusko]

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

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

[wmaurik]

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

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

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

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

[RILWAN]

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

[Fredomago]

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

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

Never make yourself that hopeful when it comes to its price because it could potentially make you that regret nor really that disappoint if ever the price wont be able to hit up that certain point.
So its better to make yourself that versatile when it comes to price where anything could happen and also you wont really be that emotionally impulsive on the time that
it would really be making up some movements whether it would go along on what you had predicted or would really be going to the opposite one.

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

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

[bitterguy28]

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?

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

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

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

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

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

[darewaller]

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

we are all having this hope but the question is are we truly going to break that 30k?
if not happened this year then maybe it will be harder in 2024.

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

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

[Oilacris]

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

we are all having this hope but the question is are we truly going to break that 30k?
if not happened this year then maybe it will be harder in 2024.

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

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

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

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

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

[RILWAN]

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

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

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

[btc78]

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

we are all having this hope but the question is are we truly going to break that 30k?
if not happened this year then maybe it will be harder in 2024.

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

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

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

[buwaytress]

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

[redsun114]

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

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

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

[Fredomago]

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

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

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

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

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

[dezoel]

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

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

[uneng]

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

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