Bitcoin Yearly Trend

[Bitstar_coin]

Looking at the above image is BTC bull circle starting in 2023? the market already giving positive signs of recovery, but am of the opinion it is too early to expect the bulls back into the market. Am not an expert in the TA field but I can see some of the influencers and TA analysts on Twitter saying the bull market is back. (i know what people think about those guys)  
What are your opinions....?

Image Source @crytocurrency_inside

[1715161380]

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[franky1]

the pattern.. but not the prediction:

2011 up(ATH)
2012 down
2013 up(ATH)
2014 down (below '13 , but up from '12)
2015 up from last(below '13, but up from '14)
2016 up from last(below '13, but up from '15)
2017 up(ATH)
2018 down(below '17, but up from '16)
2019 up from last(below '17, but up from '18)
2020 up from last (up from '19)
2021 up(ATH)
2022 down(down from '21 , but up from *20)
2023 up from last (down from '21, but up from '22)

[Poker Player]

As I have already commented in other threads on the subject:

1) Most likely we will end this year positive, but it doesn't have to be very positive, just finishing the year at $20k would be a positive return over last year's close.

2) History does not always have to repeat itself; this year 2023, or 2027, or 2031, etc., there could be circumstances that make that year a negative return. As is often the case in such cases, it would be necessary to rethink the "trend", which is a reconstruction of past events rather than a tool for predicting future events.

[Solosanz]

If we only look on the yearly up and down of Bitcoin price, it's really easy for this year to make up trend since Bitcoin price need to be at least higher than $16,000, so $17,000 is still up.

The Bitcoin price will likely stay at around $25,000-$30,000 because if we look on the history, Bitcoin price doesn't surge a lot during recovery. If it's come true, I will say Bitcoin will touch $100,000 during bullish season.

[mk4]

Looking at trend patterns is somewhat great and all, but patterns like this are the worst. It might look obvious what the next trend for 2023 would be, but people shouldn't be making decisions based on such data because it's highly highly likely for the pattern to just be a coincidence.

[franky1]

if everyone can see the pattern, everyone ends up acting before the pattern repeats. this act before the pattern repeats then breaks the pattern.

thus making watching for patterns useless.

if everyone can see a historic trend of people being slapped in the face, modern people know when to duck. thus breaking the face slap pattern

if there is a expectation of a high this year(compared to last). more people will be ready to sell. which counter-acts the natural pattern buys. thus less of a high will result

[Zilon]

It is too early to decide how Bitcoin price will end by 2023, we don't know what economic and cyberattack news we might have to face this year. By mid-year the direction of the market will become clearer and if price move high enough such that if eventually we face another attack either through crashing of more exchange or unfavorable regulation it won't push price below a certain threshold. Then we might have a bullish year but if price fails to move fast enough the coincidence might fail to repeat itself in 2023.

[kryptqnick]

As franky1 pointed out, it's not as clear-cut and requires a more nuanced description. If this year we have $20-$23k all year, it would probably go into 'UP', right? But it's not exactly high either, and it's only up since autumn and a part of winter in that case, as we had higher numbers in summer 2022. So how should that be written down, and is it a particularly good year if Bitcoin doesn't reach more than $25k? Nobody can know what kind of year we're going to have, so we should brace for whatever comes instead of being hopeful and them disappointed, IMO.

[Baofeng]

Probably will be up, but not that much, though, it will be stretch if we see $30k-$40k at the end of the year. It's good to see those patterns though, but it's going to be very difficult to predict as there could be events that can affect the price just like what happen last year.

So it's better to have a open mindset for this year, don't expect something big to happen, and at the same time, just continue to take advantage of the situation as it presented itself.

[tranthidung]

Only ups and downs are not enough.

Your graphics is misleading. You should note that you get up and down from what criteria: Yearly closed price, Yearly Max price or Yearly Min price.

Usually people use Yearly Closed price but to be honest, yearly growth of Bitcoin is presented better if you look at it in Yearly Min price chart. Min price means even at the worst day, worst price, year after year it still shows good growth.

Generally you can use Yearly candles

When I have time, I will come back and give you a chart made by myself.

[dimonstration]

The only problem was the situation before is not the same to the current year. Many major crypto companies hits bankruptcy and also institutional investors is already positioned on higher price point compared to the later year that no major whales holding the majority of the Bitcoin supply. You can add to the inflation on the US the might affect global market soon when this is not solved by increasing interest rate on US consumer.

But relying on chart like this as pattern is good since it will give a positive atmosphere to all crypto holders to buy more crypto despite the current condition.

[bittraffic]

2015 and 2019 also were UPward movements after one year of a bear market. If it's the cycle that keeps repeating since is where we get out data, 2023 would also be a bull year. Just like 2019 though, that price won't really go up to ATH as it gonna gradually rise up to its previous ATH. Resistance along the way before we could reach a new ATH and the market will also need the Halving to hit $100K.

[Yatsan]

the pattern.. but not the prediction:

2011 up(ATH)
2012 down
2013 up(ATH)
2014 down (below '13 , but up from '12)
2015 up from last(below '13, but up from '14)
2016 up from last(below '13, but up from '15)
2017 up(ATH)
2018 down(below '17, but up from '16)
2019 up from last(below '17, but up from '18)
2020 up from last (up from '19)
2021 up(ATH)
2022 down(down from '21 , but up from *20)
2023 up from last (down from '21, but up from '22)

More accurate. It is still fresh of what happened year 2018 wherein many investors have lost huge mount of money because they did not expect a sudden downfall with its market price. Which is somehow worrying me a bit that the dump which occured late last year, could also last for more than 2years. Enduring it is possible but that's just hard to see if you are used of generating profit from investing. But actually, there's no such thing as pattern in this industry; inconsistent and never continuous. It will just be seeming to be continuously increasing across different price points over years but in reality it is not if you'd come deeper with the details.

[$crypto$]

Probably will be up, but not that much, though, it will be stretch if we see $30k-$40k at the end of the year. It's good to see those patterns though, but it's going to be very difficult to predict as there could be events that can affect the price just like what happen last year.

So it's better to have a open mindset for this year, don't expect something big to happen, and at the same time, just continue to take advantage of the situation as it presented itself.

With many events later, it will affect the movement of bitcoin, but just conclude that bitcoin at a price of $ 30k is still idealistic enough to reach until the end, knowing that with that said, changes can occur with a bearish trend again or it will go up.
We can see about such a pattern that we know and it was indeed a yearly trend before but for now it is not certain that even though we have a bull cycle, it is still too early to say that bitcoin will grow rapidly in the current year.
We have to witness some other events.

[drwhobox]

Bitcoin has followed its trend from the very begging. We will also see something like this but bitcoin may not touch a new ATH but can go up to 50k this year. Not sure about this bull run, but let's see, a full year in hand for us.

The Bitcoin price will likely stay at around $25,000-$30,000 because if we look on the history, Bitcoin price doesn't surge a lot during recovery. If it's come true, I will say Bitcoin will touch $100,000 during bullish season.

WOW! you seem very confident about bitcoin touching 100k$. Lets see if bitcoin can make it. It would be something to cheer about this year.

[serjent05]

This really shows that the Bitcoin price trend is cyclical, and we can see that it is a 4-year cycle more probably because of the halving every 4 years.   It is already given looking at the chart that the year 2023 will be the recovery year and possibly a year of cycle reset so there is really a tendency for the market to recover or go upward since the hype for the halving event often accumulates in this timeframe.

[bitcampaign]

this cycle has really been working since long time ago even i can get big profit by going with the flow of this cycle, for some reason you don't need to be an expert in this crypto just know how the cycle works then everyone will be fine and will never panic when the market is bearish

[Scripture]

If that cycle will continue, then we can expect a better price before the year end and that is something that we should be prepared especially this year as we prepared for the next halving.

This trend might true as well as we’ve seen a good pump early this year, most probably this is the start of the recovery but to be safe better not to expect that much. I still see halving will be the big reason why the price will pump, and its slowly coming.

[glendall]

if you look at the previous year after going down there will be an increase then in 2023 it should go up
but we don't know what will happen because it's still early in the year and maybe the cycle will change it will still go down

[TribalBob]

if the cycle is correct and look at the previous one, the trend this year is that the price of btc is going up, but we don't know what price it will close in the future, for ATH I don't think this year will come to a new ATH, unless there is enthusiasm for whales to raise prices periodically and nothing negative news when btc will experience a price increase