Will 2023 be another up year for Bitcoin?

[NicNacCoin]

                                  
 
Pic collected

Looking at the chart of Bitcoin price every year we can see that every 3 years after 4 years Bitcoin price has been dumping a lot. Bitcoin price was up from 2011 to 2013. Bitcoin is down in 2014. Again from 2015 to 2017 Bitcoin is up and in 2018 Bitcoin is down again. Then Bitcoin went up from 2019 to 2021 and Bitcoin dumped a lot in 2022. After analyzing the year 2023 from here, it is seen that Bitcoin will rise. But do you think bitcoin will be up or bitcoin down in 2023?

[raybucks]

i think half year will go downwards then we can aspect recovery
and nice image it shows like this year will be up

[Leviathan.007]

i think half year will go downwards then we can aspect recovery
and nice image it shows like this year will be up

That's very soon to say these and predict the future because we don't know what's going to happen next. Also, we don't even know about the next month and next day so talking about the next years is a bit more than impossible, all we can do is check what happened in the past bitcoin halving cycles and then try to use the history to know about the future however this cannot be sure and we cannot be sure about it.

[Upgrade00]

Does 'UP' mean finishing the year at a higher price than at the beginning or does it mean having more uptrends during the year over downtrends? I'll assume it means the forner as it's much easier to calculate, but the pic doesn't give much information.

After analyzing the year 2023 from here, it is seen that Bitcoin will rise. But do you think bitcoin will be up or bitcoin down in 2023?

I haven't or cannot analyze the year, cause we're only three days into it, but we're already at or close to the bottom, so the likely direction we would he heading during the year is up, how high and for how long we would stay at a higher price cannot be predicted.

[JoyMarsha]

The pics you provided about the "UP and DOWN" movement of bitcoin every year are accurate, but for this year, there will be an upward movement of the price of bitcoin. Although nobody is certain when or at what price the price of bitcoin will climb, it is feasible that it may do so this year (2023).

The price of bitcoin is fluctuating at over $16,000 at the beginning of the year. According to speculations, bitcoin will soar to $30k or higher before the year is through. Although nobody genuinely knows what the price of bitcoin will be this year.

[Gozie51]

The expectation for this year is high that bitcoin will gain higher as it is a year before halving. The hype is on for bitcoin already and I think the new year is going to blow a fresh breeze on the price of bitcoin. Before the ending of the year, bitcoin was a little resistance to reach bottom and that has continued in the first week of the year, maybe it may be a stronger resistance against buttom that we can see bull at the end of it all.

[boyptc]

We're a year close to the halving and that's likely going to be the significant uprising that we'll see. In terms of the cycles, it's proven that it goes like that.

The pressure will eventually come out and then will create a new buying trend that will make the demand higher prior to the halving. And that means, the price will be up again but most likely it's after the halving.

Well, it's another long way to go for the entire year and I think that we might see some good moving trend for bitcoin for this year.

[sheenshane]

My prediction could be, it might depend on what happens around, as we can see Bitcoin price always reacts to the trend whether it's positive or negative events.  So possible if there's good news these days Bitcoin has a chance to pump up and if there's worst news like hacking, exchange shut down, or any scenario that is connected to crypto, this surely will take effect.

For now, I'm speechless with my prediction for this year, it's too early to say what will happen to the Bitcoin price.
However, that's an amazing discovery, I also notice this before when I was commenting on a thread of predictions which is every four years will pass, and Bitcoin will dump the price.

[stompix]

Does 'UP' mean finishing the year at a higher price than at the beginning or does it mean having more uptrends during the year over downtrends? I'll assume it means the forner as it's much easier to calculate, but the pic doesn't give much information.

Do you know what's funny?
That despite Bitcoin having two downs and 3 ups since 2017, 5 years ago the price was $15,201, so, up down up down and we're back in a 5% range.
If it goes up by 2k every year and then goes down by 20, all those thumbs up mean nothing.
But then again, it must go up at least by a few couples of thousands, another bearish year is just too much, things start looking better even for global economies, the doom and gloom news is on its last legs running out of steam, so probably we're going to have a crypto spring too.

[philipma1957]

We will be lucky to stay over 20-22k for much of 2023.

[GreatArkansas]

I'm very positive that Bitcoin will be "UP" or good compared to the last quarter of the year 2022, but not as high or the new all-time high as we experienced the last year 2021.
Since Bitcoin block halving is expected to happen in the year 2024, then I expect we will have more sideways this year but I don't think so we will do a price action just like in the year 2021.
This year, I can relate it to like years 2019-2020 before.

[mk4]

Just a quick reminder for those who think that 2023 will definitely be an up year just because of the pattern: Past performance is not indicative of future results. Patterns can happen — but just as easy as they form, they can break just as easily.

[philipma1957]

Just a quick reminder for those who think that 2023 will definitely be an up year just because of the pattern: Past performance is not indicative of future results. Patterns can happen — but just as easy as they form, they can break just as easily.

To illustrate this look at the 1992-2003 chart line for gold

1992 peak 400 or so
 1993 to 2002 mostly close to 300 never under 200 or over 4000

2003 back to 400

2004 and up up and away.

who is to say the 4 year pattern for btc locks in for the next four jumps.

we could do a long flat slot say 14k to 22k for years.

like gold did in 1992 to 2003.

[Franctoshi]

Looking at the past price performance of Bitcoin here, I could see we've always had price up year for Bitcoin not basically that it will create a new ATH but a relief rally from a long downwards trend a year before the halving year , which you could see happened in

Year 2011

Year 2015 and

Year 2019

Therefore, from the overall view I think same thing might happen and a possibility that Bitcoin will also end the year with a high price than the current price base on BTC historical performance before halving.

[wxa7115]

Does 'UP' mean finishing the year at a higher price than at the beginning or does it mean having more uptrends during the year over downtrends? I'll assume it means the forner as it's much easier to calculate, but the pic doesn't give much information.

I would guess that is what they mean, but it does not matter because even if it is a recurring pattern there is no way to know beforehand if we will see that pattern manifesting itself again.

So it would be a mistake to make any kind of financial decision based on such a pattern, then if anyone is thinking about investing more money in this market they need to do it only once they have made sure to make a detailed analysis about the markets and they are convinced they will be able to hold their coins, even if their most negative scenario presented itself.

[Wexnident]

So checking it seems like comparing the price from the beginning to the end of the year. I'm more hopeful that we'd be seeing up this year, not by much still but relatively better than what we had the last year. I reckon as long as stuff like the FTX/Luna fiasco doesn't happen, the market wouldn't take any sudden dips and would just do a steady sideways move, maybe up to $25, or $30k.

It's still going to be a waiting game though. If you were deciding to invest, I mean, most would say we're already at or close to the bottom, so I reckon it wouldn't be that bad to put some money into it. Any possible losses would be bearable compared to investing in the past year anw.

[LogitechMouse]

If you will just look at that picture that the OP has shared, you will see that there is a pattern and if we follow that pattern, we will see that 2023 will be up and that's good to see. However, always look at the other side of the story and always think that the past performance doesn't tell its future performance. What might happen in the past might not happen in the future.

As for me, I'm a believer of cycles especially the 4-year so I expect Bitcoin to go up this year or at least higher than its price before entering 2023. On the other hand, even though I believe that it will be going up, I'm always ready if things will not go the way I expected. We might see Bitcoin going down in 2023 and that will break the pattern OP has shared.

I believe that 2023 will be much better compared to 2022 but that doesn't mean that the worst is over. We might see more negative events that will affect the whole market this year. We don't know so just be ready.

[Fara Chan]

i think half year will go downwards then we can aspect recovery
and nice image it shows like this year will be up

That's a very quick prediction, actually in this month or next month don't know what will happen next, but looking at the movement and graphics in the picture that the OP shows this year should be a good year (UP), but back to the essence of Bitcoin it is very difficult to predict accurately, it's just that it can be predicted according to the charts that have been running in previous years, now the steps we can take are to see and analyze and examine what happened to the Bitcoin halving cycle in the past.

For the situation in 2023 so far we have not been able to analyze it accurately, now we are in the market base estimate, it is very likely that the market will go up (according to the cycles and charts that have occurred some time/year ago directing and pushing the market to go up.

[Frankolala]

From the chart provided by OP,it shows that bitcoin might hit the bull market this year but we don't know the actual price that it will rise up to. Though,this doesn't give us assurance that it will go in that pattern based on previous records.

Bitcoin is cyclic in history and we are hoping to see history repeat itself again this year but how soon are we expecting this increase in price. This is a year for bitcoin investors to gain back from their last year lost. We should also be ready to face the unexpected this year in bitcoin price and take advantage of its outcome.

[MarjorieZimmermanGinger]

From the chart provided by OP,it shows that bitcoin might hit the bull market this year but we don't know the actual price that it will rise up to. Though,this doesn't give us assurance that it will go in that pattern based on previous records.

We also see a potential recovery for bitcoin this year, but don't know exactly what price it will be, yesterday I saw a post made by Ratimov, he said even 88% of bitcoin is currently not on the exchange and I started to think about the supply relationship and demand will start working on the market, although there is no certainty that the market will be fully affected by this, but it seems that bitcoin will be getting closer to a sideways cycle.

Bitcoin is cyclic in history and we are hoping to see history repeat itself again this year but how soon are we expecting this increase in price. This is a year for bitcoin investors to gain back from their last year lost. We should also be ready to face the unexpected this year in bitcoin price and take advantage of its outcome.

There are cyclical moments that go on all the time in the market, both bullish and bearish and there are some quick steps we should take this year to get into the market and buy some bitcoins to capitalize on the next price hike, the four year cycle is just around the corner for we enjoy, if true a four year relationship will always bring big changes to bitcoin's rise and hope we are in the right conditions to generate big returns investing in bitcoin this year or in the next.