Is the $17,000+ bitcoin price breakout benchmark to new price direction

[Quidat]

Bitcoin is going to break some level of doubt this period and haven't attained a $20k in this early time of the years is a pointer to how great this year 2023 will be for cryptocurency and Bitcoin especially.

There have been alot of buys in this period and most people buying Bitcoin now afe in for long-term basebecause their all preparing ahead for the Bitcoin halvimg time before selling so there is a ling way walk for Bitcoin in this year 2023.

It is difficult to predict what will happen with the price of Bitcoin in 2023. The value of cryptocurrencies can be highly volatile, and it is influenced by a wide variety of factors. However, some people believe that the upcoming halving event in 2024 and increasing mainstream acceptance could lead to a significant increase in the value of Bitcoin in 2023. The future of Bitcoin in 2023 is like a rollercoaster ride, with the halving event as the booster rocket, only time will tell if it reaches new heights or crashes and burns.

Doesnt matter on where it would be peaking out as long i have accumulated on 16k price point.Its not bad to make out some sell considering the price had reached up 19k (18900 as of this writing).
Its true that we do have that 17k+ resistance but turns out to be broken.We are now playing around on breaking that 19200+ and if it would succeed then we might be seeing 20k once again.
It is really just good to see that we are seeing some green candles after long the wait because we've been bearish all the time and we are hoping something like
this which it might be a good start.

[hatshepsut93]

Historically, between bear market and a bull market there has been long periods of stagnation and sideways trading, that are generally still viewed as a part of a bear market. This is likely a part of this pattern. Price going up and down, again and again over certain range - this time it's around 16k to 22k. A sign that the real bull market has started would be a rapid breakthrough above 30k or even higher. Right now nothing truly interesting is happening.

[btc78]

Have crossed 19k recently but drops down to 18k again in which I am seeing that we are heading to new  direction comparing to what we have in 2022 though we are far from hitting at least 20k again?
but we have positive look to what will come sooner.
and hoping that this is not just for January but the whole year I wish.

[Kemarit]

Have crossed 19k recently but drops down to 18k again in which I am seeing that we are heading to new  direction comparing to what we have in 2022 though we are far from hitting at least 20k again?
but we have positive look to what will come sooner.
and hoping that this is not just for January but the whole year I wish.

Right, the price is just below, at $18,850, so it's very interesting how in the last 24 hours the price seems to be jumping and have hit that $19,000 price, unfortunately, it was not sustainable for the meantime.

But we are still far from the bullish sentiments, we need to get to at least that $20,000. That is the biggest test for us, get to it and then have a sustain run. For sure as this is the biggest resistance, it could also mark at the selling point for some speculators to make some money specially those who have bought at $15,500 to $16,500 range.

[suzanne5223]

The Bitcoin market positive trend was an amazing move by the market but it's too early to have the impression that the market bullish is back and I think we have to wait to confirm the trend the market will showcase next week to be sure since the market always makes some bullish trends just to compliment the bearish market. Although the bullish market will start this year but not in the first or second quarter.
What I am saying is that this could be a bull trap.

I don't think there will be a bull run this year so I agree with him that this can be a bull trap therefore we must be careful about it but I think pro-crypto peeps aren't entering a moving train. They know how risky it was and usually the only ones that does that are the newbies.

There are some who aren't really a newbie but they are just too weak. They come here once the positive trends come back and then they'll leave once it diminish. The price is already at a newer direction by the time it heads to $17k but we don't know what can come next. $17k might be our latest support from now on and it might stay there for a good amount of time.

Most pro-crypto peeps didn't enter the moving train because they seem to be fully aware of the recent surge in price to be a bull trap just like the market always does in preparation for the coming bullish market. However, the bullish market will start this year and it not going to happen in Q1 or Q2.

We will always have people who will always leave the market when there's a bear and come back when there's a bullish. I believe that's their own strategy for avoiding panic selling.

[kawetsriyanto]

Have crossed 19k recently but drops down to 18k again in which I am seeing that we are heading to new  direction comparing to what we have in 2022 though we are far from hitting at least 20k again?
but we have positive look to what will come sooner.
and hoping that this is not just for January but the whole year I wish.

Yep. Today, it passed $19k for a moment. Although it doesn't last a long time, it is surely a good sign that Bitcoin is likely to improve its price constantly. Once the price stays above $19k, it is not very far from $20k. In theory, $20k may be achieved in several days or weeks. But if there is bad news, the price may decrease again temporarily. However, these all are positive indications that this year seems better than last year. I bet Bitcoin already hit its lowest price last year, this year is a time to begin its improvement constantly. Let's hope there is not much bad news anymore, so the price can increase without significant obstacles.

[beerlover]

Have crossed 19k recently but drops down to 18k again in which I am seeing that we are heading to new  direction comparing to what we have in 2022 though we are far from hitting at least 20k again?
but we have positive look to what will come sooner.
and hoping that this is not just for January but the whole year I wish.

Yep. Today, it passed $19k for a moment. Although it doesn't last a long time, it is surely a good sign that Bitcoin is likely to improve its price constantly. Once the price stays above $19k, it is not very far from $20k. In theory, $20k may be achieved in several days or weeks. But if there is bad news, the price may decrease again temporarily. However, these all are positive indications that this year seems better than last year. I bet Bitcoin already hit its lowest price last year, this year is a time to begin its improvement constantly. Let's hope there is not much bad news anymore, so the price can increase without significant obstacles.

As far as I can see, it is above 19k right now as well and it looks like it's going to stay there for a while. I am not saying that this increase is start of something awesome and we will be 100k in a month or whatever, it's not going to be like that for sure. But, I am saying is that we are looking decent right now and there is no reason to bash that, there is no reason to be hopeless even at the face of victory.

This is why it's going to be quite important to focus on making as much profit as we possibly can and it's actually a good thing to see it as a risk even when it's up, because you won't be blinding investing, and keep one eye on it, but you should get involved anyway.

[uneng]

Decisive moment for bitcoin right now. Or it's going to break the resistance level at 20,000$, or it's going to almost hit 20,000$ then crash to the new support level. Big expectations of seeing bitcoin keeping the positive trend above 20,000$. On the other hand, since we are talking about a trend which has started only 3 days ago, and it's pretty intense, there are chances it's just temporary, because when the price pumps too fast, it also dumps really fast not too long after... I would be more confident if this trend had been already lasting for a week, at least.

[Silberman]

Have crossed 19k recently but drops down to 18k again in which I am seeing that we are heading to new  direction comparing to what we have in 2022 though we are far from hitting at least 20k again?
but we have positive look to what will come sooner.
and hoping that this is not just for January but the whole year I wish.

Yep. Today, it passed $19k for a moment. Although it doesn't last a long time, it is surely a good sign that Bitcoin is likely to improve its price constantly. Once the price stays above $19k, it is not very far from $20k. In theory, $20k may be achieved in several days or weeks. But if there is bad news, the price may decrease again temporarily. However, these all are positive indications that this year seems better than last year. I bet Bitcoin already hit its lowest price last year, this year is a time to begin its improvement constantly. Let's hope there is not much bad news anymore, so the price can increase without significant obstacles.

20k is an important resistance level so I expect a huge sell wall which could stop this rally for days or weeks, now this is not bad news as it could allow us to keep buying bitcoin for a price below 20k for some time, however I think that resistance level will eventually be broken, but the problem is that it is so early on the year that it is impossible to discard the possibility of touching 16k or a level close to it again, since it is not possible to predict what it may happen in this market or on the rest of the economy as well.

[romero121]

Decisive moment for bitcoin right now. Or it's going to break the resistance level at 20,000$, or it's going to almost hit 20,000$ then crash to the new support level. Big expectations of seeing bitcoin keeping the positive trend above 20,000$. On the other hand, since we are talking about a trend which has started only 3 days ago, and it's pretty intense, there are chances it's just temporary, because when the price pumps too fast, it also dumps really fast not too long after... I would be more confident if this trend had been already lasting for a week, at least.

Once the price reach the $20k barrier, the market will try to have it as the resistance point. From there the chance of falling down to $20k seems to be low. The price is moving at faster phase, which doesn't look to be a temporary move for a crash at the shortest. Some predicted it as the market is being tested and rest will be manipulation. Let's see what's gonna be the outcome.

[cryptomaniac_xxx]

Decisive moment for bitcoin right now. Or it's going to break the resistance level at 20,000$, or it's going to almost hit 20,000$ then crash to the new support level. Big expectations of seeing bitcoin keeping the positive trend above 20,000$. On the other hand, since we are talking about a trend which has started only 3 days ago, and it's pretty intense, there are chances it's just temporary, because when the price pumps too fast, it also dumps really fast not too long after... I would be more confident if this trend had been already lasting for a week, at least.

Once the price reach the $20k barrier, the market will try to have it as the resistance point. From there the chance of falling down to $20k seems to be low. The price is moving at faster phase, which doesn't look to be a temporary move for a crash at the shortest. Some predicted it as the market is being tested and rest will be manipulation. Let's see what's gonna be the outcome.

I saw it hit $21k just now but it was short and sweet, however, I was on the fence as the price suddenly drops to $20,400. So the resistance but now should be in the $21k'ish, as this is the second time that we have attempted that price breach it and then goes down hard again.

It's weekend anyway so let's how its going to be slow and the price will continue to ascend and not go down below $20k because that is a big psychological barrier that we need to reach and then sustain.

[darewaller]

I saw it hit $21k just now but it was short and sweet, however, I was on the fence as the price suddenly drops to $20,400. So the resistance but now should be in the $21k'ish, as this is the second time that we have attempted that price breach it and then goes down hard again.

It's weekend anyway so let's how its going to be slow and the price will continue to ascend and not go down below $20k because that is a big psychological barrier that we need to reach and then sustain.

It is around there, and the good thing about the situation is that we didn't had just one pump. We reached to 19k levels first and then stopped for a while and then reached to 21k after that once again too. Which is why it's such a big deal, because it means that we have reached to a point where it had 2 big pumps back to back.

This doesn't mean that we are going to end up with a big increase later on neither, maybe it will and maybe it won't but that doesn't change the fact that it will not have anything good coming up, it could have a few more back to back increases like this until the month ends and maybe we will close the month with 30k? That is possible if you ask me.

[romero121]

I saw it hit $21k just now but it was short and sweet, however, I was on the fence as the price suddenly drops to $20,400. So the resistance but now should be in the $21k'ish, as this is the second time that we have attempted that price breach it and then goes down hard again.

It's weekend anyway so let's how its going to be slow and the price will continue to ascend and not go down below $20k because that is a big psychological barrier that we need to reach and then sustain.

It is around there, and the good thing about the situation is that we didn't had just one pump. We reached to 19k levels first and then stopped for a while and then reached to 21k after that once again too. Which is why it's such a big deal, because it means that we have reached to a point where it had 2 big pumps back to back.

This doesn't mean that we are going to end up with a big increase later on neither, maybe it will and maybe it won't but that doesn't change the fact that it will not have anything good coming up, it could have a few more back to back increases like this until the month ends and maybe we will close the month with 30k? That is possible if you ask me.

The price keeps on reaching new barriers. Right now it have touched $21k which is quite big considering its value around $17000. There have been discussions will we experience $20k during the month of January. Myself never believed, because the price has been moving within particular limits without exceeding the margin. Finally breakout have taken place and more investment will flow in, which could keep the market bullish. As mentioned back to back price pumping could take the price higher depending on the positive incidents happening around.

[STT]

The moves at this level appear massive because we are moving off relatively low levels, thats part of the energy to the risk of those involved.  Fortune favors the brave but it doesnt mean we have to continue as positively.   BTC broke upwards just as the background market sentiment turned quite positive, a new start to the year is some dynamic I recognize.   What really matters now is the consistency to the move, in 2017 there was a pattern to the lows but the action was quite subdued and appeared to sell off; however each low was a little higher then the last.  This was enough to be bullish, so I like we got past 20k but I guess I have to observe the same now in that low prices matter also in day week and month bars.

[Silberman]

I saw it hit $21k just now but it was short and sweet, however, I was on the fence as the price suddenly drops to $20,400. So the resistance but now should be in the $21k'ish, as this is the second time that we have attempted that price breach it and then goes down hard again.

It's weekend anyway so let's how its going to be slow and the price will continue to ascend and not go down below $20k because that is a big psychological barrier that we need to reach and then sustain.

It is around there, and the good thing about the situation is that we didn't had just one pump. We reached to 19k levels first and then stopped for a while and then reached to 21k after that once again too. Which is why it's such a big deal, because it means that we have reached to a point where it had 2 big pumps back to back.

This doesn't mean that we are going to end up with a big increase later on neither, maybe it will and maybe it won't but that doesn't change the fact that it will not have anything good coming up, it could have a few more back to back increases like this until the month ends and maybe we will close the month with 30k? That is possible if you ask me.

The price keeps on reaching new barriers. Right now it have touched $21k which is quite big considering its value around $17000. There have been discussions will we experience $20k during the month of January. Myself never believed, because the price has been moving within particular limits without exceeding the margin. Finally breakout have taken place and more investment will flow in, which could keep the market bullish. As mentioned back to back price pumping could take the price higher depending on the positive incidents happening around.

I will have no problem admitting that I was wrong on my prediction, I really thought there will be a very intense battle between the bears and the bulls at 20k, but it did not happened at all, what we are seeing instead is a very fierce resistance at the 21k level, as the bulls try to break away from it and yet the bears bring the price down almost immediately, it would be interesting to watch which side wins at the end, because if the bulls are the winners I could see the price reaching 25k before we face another major attempt by the bears to bring the price down.

[Ojima-ojo]

It is difficult to predict what will happen with the price of Bitcoin in 2023. The value of cryptocurrencies can be highly volatile, and it is influenced by a wide variety of factors. However, some people believe that the upcoming halving event in 2024 and increasing mainstream acceptance could lead to a significant increase in the value of Bitcoin in 2023. The future of Bitcoin in 2023 is like a rollercoaster ride, with the halving event as the booster rocket, only time will tell if it reaches new heights or crashes and burns.

I dont really believe in the waiting till after halvimg before we can see wide sprea acceptance of bitcoin, Bitcoin is already gaining mainstream adoption and with countries already legslizung Bitcoin in the last one year even without halving it make it clear that Bitcoin indeed have a wide varieties of factors that are beyond speculations.

Halving only reduced the Bitcoin block rewards and only miners are directly affected by that, unless for the reduction of bitcoin circulation due to lowered miners block rewards, aside from that investors and other Bitcoin users may not really have a direct effect on the halving except if the price move in whatever direction after the halving.

[btc78]

Have crossed 19k recently but drops down to 18k again in which I am seeing that we are heading to new  direction comparing to what we have in 2022 though we are far from hitting at least 20k again?
but we have positive look to what will come sooner.
and hoping that this is not just for January but the whole year I wish.

Yep. Today, it passed $19k for a moment. Although it doesn't last a long time, it is surely a good sign that Bitcoin is likely to improve its price constantly. Once the price stays above $19k, it is not very far from $20k. In theory, $20k may be achieved in several days or weeks. But if there is bad news, the price may decrease again temporarily. However, these all are positive indications that this year seems better than last year. I bet Bitcoin already hit its lowest price last year, this year is a time to begin its improvement constantly. Let's hope there is not much bad news anymore, so the price can increase without significant obstacles.

yeah , and weeks after ? bitcoin now stronger holding 22-23k and maybe in the next couple of weeks more we will be seeing 30k?
if this going to happen like how OP posted this , then maybe we are in the beginning of Bullrun(not waiting the Halving things that impossible to happen as it is what for the last how many years)

Decisive moment for bitcoin right now. Or it's going to break the resistance level at 20,000$, or it's going to almost hit 20,000$ then crash to the new support level. Big expectations of seeing bitcoin keeping the positive trend above 20,000$. On the other hand, since we are talking about a trend which has started only 3 days ago, and it's pretty intense, there are chances it's just temporary, because when the price pumps too fast, it also dumps really fast not too long after... I would be more confident if this trend had been already lasting for a week, at least.

Once the price reach the $20k barrier, the market will try to have it as the resistance point. From there the chance of falling down to $20k seems to be low. The price is moving at faster phase, which doesn't look to be a temporary move for a crash at the shortest. Some predicted it as the market is being tested and rest will be manipulation. Let's see what's gonna be the outcome.

it already did and it is now holding that above 20k price for more than a week.

[SirLancelot]

bitcoin now stronger holding 22-23k and maybe in the next couple of weeks more we will be seeing 30k?
if this going to happen like how OP posted this , then maybe we are in the beginning of Bullrun(not waiting the Halving things that impossible to happen as it is what for the last how many years)

Once again, BTC proves that it was truly unpredictable as many of us thinks that it was only a trap which have happened last time and they think they are correct by the time the price fell down by some percent but then few weeks later it showed a big jump. It is seems that the correction is already completed because when I check the price now, the price have moved again to $23k. This is exciting.

Now, we will see if it will hit the most awaited $24k and $25k this time or not. Halving is a real thing or maybe you mean the bull run during the halving time is not real? But, the effects of the halving is real so it will still make the price rise that it could lead to a bull run.

[Wiwo]

bitcoin now stronger holding 22-23k and maybe in the next couple of weeks more we will be seeing 30k?
if this going to happen like how OP posted this , then maybe we are in the beginning of Bullrun(not waiting the Halving things that impossible to happen as it is what for the last how many years)

Now, we will see if it will hit the most awaited $24k and $25k this time or not. Halving is a real thing or maybe you mean the bull run during the halving time is not real? But, the effects of the halving is real so it will still make the price rise which could lead to a bull run.

When the price of Bitcoin broke the $20k benchmark mark I already know that the market is about to start another phase of recovery and that trajectory alone gave the market a push to the present price, as at today bitcoin is already aiming for 24K which is a good move that the market is already on a bullish recovery mode and in the next couple of days ahead we should watch out for some remarkable price recovery back to $30k or above since there is more open buy order pointing to that direction.
-the demand for Bitcoin is higher than it supply which is as a result of strong buy in and less sell appetite from holders.

[GeorgeJohn]

Is this growth another Bull trap?  Why I am feeling that it is another trap full bulls?  Looking at news, there isn't really good one to back the current recovery of Bitcoin.  Instead there is another news that can be a source of FUD that can derail this recovery which is the current update on quantum computers[1].  So I think we have to wait a bit before jumping into conclusion that this uptrend of Bitcoin is the break out to bullish market.

Anytime Bitcoin get a little difference in price we do have many speculations around the corner, but many of us doesn't rely on such analysis of people without a proof, it's very obvious that the price of Bitcoin now with my deceived many people to make claims of the price without have any fact. So what you believe or be assured of in Bitcoin market price is the research you made by yourself. Because many people have different analysis and negative informations concerning Bitcoin increment and degradation in Values.