Will 2023 be another up year for Bitcoin?

[virasog]

Depending what happens on this week CPI report it will say a lot about bitcoins future. Basically we are expecting 0% CPI so if it’s deflation then it’s great for stocks and crypto but if it’s positive then it’s time to worry.

Means fed might hike more since the economy is way too strong and with the tight job market they will have no choice. We don’t want that. We want to see deflation and unemployment too tick up so it means rate cuts are in the near future.

CPI report is just a temporary measure to pump or dump the bitcoin price. Usually, we have seen that the price become more volatile on the date when CPI data is released. CPI data will have zero impact on the long term price movement.

I do not think that 2023 will be a bull year. Yes, we may end the year with higher prices as compared to end of 2022 but still i would say it is an accumulation year where bitcoin price will mostly remain in range bound.

[ShowOff]

I do not think that 2023 will be a bull year. Yes, we may end the year with higher prices as compared to end of 2022 but still i would say it is an accumulation year where bitcoin price will mostly remain in range bound.

I agree with your statement, and it may seem true if it is correlated with the current state of the economy. There is no year of the bull during 2023, in fact I wouldn't expect it even if it's not impossible.

In my opinion, the current global economic condition is really disturbed by various kinds of problems. The war has not stopped, inflation continues to increase and even a recession is very difficult to avoid. As a result, interest in bitcoin and other investments has become somewhat tempered by large investors even though they are also looking for the best ways to hedge their currencies in various investment instruments.

[GeorgeJohn]

I will just narrate this from my own understanding concerning Bitcoin increment and Bitcoin decrement, some years differs concerning Bitcoin increment or rising, for example, you can't compare the massive adoption of Bitcoin in 2020 and compare to 2021, so adoption or embrace of Bitcoin determine the factor that is behind or uplift the increment, so this from my understanding over Bitcoin investment.

[lizarder]

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?

If we look at the four-year scheme, then this year should be the start of bitcoin's journey for a more stable price before reaching ATH, so far market conditions have shown improvement from the previous correction process, but have not moved far from $ 17K and I think this four-year scheme will give birth to a new price for bitcoin, as evidenced by the previous ATH achievements.

And I believe that this year bitcoin will recover from the correction process, but I don't know exactly in which month it happened, but it seems that March is the first step before reaching a more stable stage.

[GideonGono]

Bitcoin drop so low last year so yes for me I am expecting it to go higher than what it is right now by the end of this year.
The question would be when would this pump start and how long would it be? I hope that it wouldn't be just another pump and dump scenario when it starts to recover.

[ginsan]

Every individual has a different analysis or prediction about the price of Bitcoin in 2023, but even though there are changes and decreases in prices, it cannot be predicted that Bitcoin will increase in 2023. There are some users who believe that in 2023 there will be a price increase, but not a few are skeptical. Since Terra Luna was destroyed, the crypto market also collapsed, this condition was followed by the bankruptcy of Celsius and FTX. After a very tiring 2022 with a Bearish tint, investors are pinning their hopes on Bitcoin in 2023.

[ScamViruS]

Bitcoin drop so low last year so yes for me I am expecting it to go higher than what it is right now by the end of this year.
The question would be when would this pump start and how long would it be? I hope that it wouldn't be just another pump and dump scenario when it starts to recover.

I wouldn't be surprised if the next bull market starts this year. If Bitcoin regains its momentum, we may see a high price this year from the beginning of the year. And of course, hope we don't see something like Pump and Dump this year. There is still a lot of FUD in the market but despite all the negative news Bitcoin is recovering a lot. But if the bull takes control of the market again, then such FUDs will not be able to create any major impact on the market.

[FanEagle]

It should be a bit good but it's really undecided for now. We have been only a small part of it so far and it doesn't really say much so far. We can not possibly know what is going to happen this much beforehand, it just doesn't make sense yet and that is why I doubt that it should be anything important just yet.

I know that people are expecting to hear "it is going to be an awesome year!" or even "it will be a terrible year yet again!" from others, and that is understandable but the reality is that we are not going to really know if it is going to be good or not just yet. It requires a bit of time before we could know what the direction looks like and without that time we wouldn't be able to say much.

[imamusma]

I know that people are expecting to hear "it is going to be an awesome year!" or even "it will be a terrible year yet again!" from others, and that is understandable but the reality is that we are not going to really know if it is going to be good or not just yet. It requires a bit of time before we could know what the direction looks like and without that time we wouldn't be able to say much.

No conclusion can really be made wholly correct. 2022 is bad because bitcoin lost more than 75% of its value since ATH, but anyone who knows what the benefits are then of course they really wouldn't say it's bad.

Moving on to 2023, we have gotten off to a good start as a rise and break of the $19K resistance has been a good start for the recovery. I can't say anything right either, but I think 2023 is a year to invest more in bitcoin.

[jostorres]

It should be a bit good but it's really undecided for now. We have been only a small part of it so far and it doesn't really say much so far. We can not possibly know what is going to happen this much beforehand, it just doesn't make sense yet and that is why I doubt that it should be anything important just yet.

I know that people are expecting to hear "it is going to be an awesome year!" or even "it will be a terrible year yet again!" from others, and that is understandable but the reality is that we are not going to really know if it is going to be good or not just yet. It requires a bit of time before we could know what the direction looks like and without that time we wouldn't be able to say much.

Looking at the situation right now, it looks like the price went a bit and that means we had a good start, doesn't mean that it will go like this forever, of course there could be a situation where it may not end up being awesome or anything like that. But the reality is that we are going to end up with something that is doing a lot worse.

I have to say it is going to be pretty tough situation to be in if we end up at the bottom levels again, which is not impossible of course it could happen but we all hope for it to not happen anymore, we imagine that it is going to be a quite tough situation to handle it all but I believe it could happen. Just need to be careful.

[Mpamaegbu]

From the picture you've shared, it's three consecutive years of bullish momentum that is followed by a single year of bear rally. However, the time of pick for each "UP" in a year isn't identified. I said this because I know there's no particular year that price was UP throughout the year. Just look at 2019. That was the period of the coronavirus outbreak and we know how price dwindled then before it picked the following year being a Bitcoin halving year. 2023, from your picture, is expected to be UP. For me, I see that "UP" coming in the last quarters of 2023. It's very unlikely that UP will dominate through the year.

[fzkto]

Bitcoin drop so low last year so yes for me I am expecting it to go higher than what it is right now by the end of this year.
The question would be when would this pump start and how long would it be? I hope that it wouldn't be just another pump and dump scenario when it starts to recover.

So far, nothing has significantly changed in the world. The war between Russia and Ukraine is still going on, and this has a great impact on energy and food. The crisis hasn't gone anywhere, either. The fight against inflation will continue into 2023. So it seems to me that 2023 will not be any special for cryptocurrencies. I'm just waiting for a recovery.

[Bitcoin_people]

Analyzing the crypto markets, it can be seen that most of the time, if the market is good in one year, the market position is bad again in the next year. And this is the religion of the virtual market. If we look at it, we can see that last year the price of Bitcoin reached the highest level of 68 thousand dollars. and later in 2022 the Bitcoin market reached close to $15k. This implies that the Bitcoin market will again grow to a high level in 2023 and it is likely to grow slowly. as the Bitcoin market is over-dumped, it will take time for the price of Bitcoin to rise, so I think it's best to invest now.

[Pejoh Asu]

The bitcoin trend will usually go up after the previous year dropped, if we pay attention to trends like this that are often repeated, the growing community is the reason that bitcoin's potential will skyrocket in the future and specifically in 2023 I'm sure it can touch at least 2x from the current price, now is the time to continue buying before the bull run occurs.

[ivankoh]

Everything seems to be moving in a positive and optimistic way for the recovery and the market structure is taking shape this year.  23k is an impressive price to give impetus for the next bullish formation.  I also think this is the right time to continue rebuilding investment portfolio, the price of bitcoin and some altcoins is right for long term target, bull run will be 2024-2025 and will be great  better when we end 2023 when bitcoin is at 35-40k.  I think the market could slow up and retrace a bit at 18k but will keep the momentum going.

[Davian144]

The bitcoin trend will usually go up after the previous year dropped, if we pay attention to trends like this that are often repeated, the growing community is the reason that bitcoin's potential will skyrocket in the future and specifically in 2023 I'm sure it can touch at least 2x from the current price, now is the time to continue buying before the bull run occurs.

Today the Bitcoin price increase is almost $24K and it looks like Bitcoin will indeed end the month in the $24K price range which is great for Bitcoin in its recovery at the start of the year. And for a price that is 2x the current price, it is clear that it is still very possible for Bitcoin as long as there is no further correction that is too big, but I don't think that the range of $48K - $50K will arrive in the first quarter of this year. Because an increase always takes more time than a decrease which can happen in an instant.

[Jating]

The bitcoin trend will usually go up after the previous year dropped, if we pay attention to trends like this that are often repeated, the growing community is the reason that bitcoin's potential will skyrocket in the future and specifically in 2023 I'm sure it can touch at least 2x from the current price, now is the time to continue buying before the bull run occurs.

Today the Bitcoin price increase is almost $24K and it looks like Bitcoin will indeed end the month in the $24K price range which is great for Bitcoin in its recovery at the start of the year. And for a price that is 2x the current price, it is clear that it is still very possible for Bitcoin as long as there is no further correction that is too big, but I don't think that the range of $48K - $50K will arrive in the first quarter of this year. Because an increase always takes more time than a decrease which can happen in an instant.

We have seen this already, after reaching this high, there is some minor correction. So hopefully this time, reaching $23,500, we can bolt out and move to $24k. That's how it has been in this run since the beginning of the year and hopefully it won't break the pattern. Might be better to see $48k-$50k this year, no need to a quick and very fast increased and then follow by a huge correction. So yeah, the increase will take some time and it's going to be better than that. But for now it's better to see how this run will go, I think $25k will be the first goal for this quarter.

[BobK71]

                                 
 
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?

Following this chart shows that the current bull run may start and this is a sign of that. Bitcoin is suddenly preparing for a major pumping. Many may have missed their chance before realizing it. Because it has been consistently bullish since last week. As a result your chart is in a more reliable position faith. However, many think that the CPI report has temporarily increased the price of Bitcoin and many think that Bitcoin has started to become bullish. By next year of 2024, Bitcoin may surpass its predecessor ATH.

[Stepstowealth]

Following this chart shows that the current bull run may start and this is a sign of that.

It is dangerous to only base our predictions on a picture about the up and down cycle for bitcoins, but there is a lot of optimism about this year and I am positive too that this year will be a good year for bitcoins. The picture you provided OP gives me hope and encourages me to find a way to get more bitcoins for this year. 2023 will be a good year.

[GeorgeJohn]

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

That is your assumptions or narratives, because the up going the price of Bitcoin does not have any fixed time or specifications for increment,  the price of Bitcoin is determine by the demands and supply of the market, which it can happen now or next day because of the volume of the market. So no particular time we can say that it's fixed for Bitcoin market increment. Some of those analysis is assumptions from different people understanding of the market.