I think Bottom is gone

[raybucks]

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume



tell me if i am wrong or right experts

[1715529386]

1715529386

[franky1]

the bottom is set. it still sits at ~$15k and the speculative market could test that again
i dont see it going below that again(unless multiple months of hashrate being below 2022 levels). its set and tested well, but the price can come back down to/near that again.
but chances are lower than q3-q4 2022 now the $17k resistance (top for period) has gone

the speculative market was held artificially below a $17k top resistance by some futures traders wanting their new years $17k limit contracts to expire at new year.
and now they have removed the resistance to free speculation to trade above it.

however too early to call "bull"
last year saw resistance also at $22k $24k $32k $42k $52k
so we have to see where the next resistances(tops for period) come
(at time of posting: last 7 hours see an artificial flatline of <$21k .. this could be the next resistance if it doesnt break through soon)

as for market cap number.. its a meaningless number. dont put any emotion or thought into it.

[mindrust]

It appears so for now but we will never know for sure. What if another bad thing happens tomorrow and bitcoin/stocks make a nosedive? To be honest,I think technical analysis is bullshit. Anybody can draw any line on any chart. Yours isn't an exception. Everybody says something according to TA but there is no one TA, everybody makes their own. People were saying bitcoin was cheap when it was $30k, then it went to $15k. According to them $30k was the bottom. Where are they now? Making new charts.

[Rikafip]

tell me if i am wrong or right experts

I am far from expert, but I find it interesting that after this pump you immediately changed your opinion and now you think that bottom is in. Wouldn't those who manipulate the market want people to think exactly that, in order to maximize their profit?

I would like to be wrong but somehow I don't think that we are out of the woods yet and I think that it is still possible that we go down more.  

[franky1]

It appears so for now but we will never know for sure. What if another bad thing happens tomorrow and bitcoin/stocks make a nosedive? To be honest,I think technical analysis is bullshit. Anybody can draw any line on any chart. Yours isn't an exception. Everybody says something according to TA but there is no one TA, everybody makes their own. People were saying bitcoin was cheap when it was $30k, then it went to $15k. According to them $30k was the bottom. Where are they now? Making new charts.

lines on charts are not technical analysis.. its being a "trend anal"

there is far superior ways of calculating bottoms outside of the spot market using real technical fundamentals of bitcoin real data

when it was $30k mid 2022 it had good support due to mining.. then mining got more efficient and hardware cheaper that summer pretty quick meaning they could sell 2x cheaper and still profit

we are now in the era of higher electric compared to last year and mining farm electric contracts of 2021-22 are going up, (their contracts last 6months-2 years) so expect costs to increase (as long as hashrate doesnt crash)

[autumnleaf]

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

This is the chart that the OP has posted for viewing.



I'm still a novice in this field of analysis, but if you want my opinion, I'd say it's too soon to recognized the bottom of the BTC price. Although recent positive news about Bitcoin has caused the green line to appear, there are still a lot of things that could happen in the coming days or week.

[Plaguedeath]

and daily chart is looking bullish according to technicals with high volume

I don't see any technical which you refer, it's just a pure random line bullish trend draw. If you think high volume trading is another thing of bullish trend, just look on the previous months where Bitcoin price is below $20K, why the pump doesn't start from July last year? the volume is similar like the the last few days!

We're still 14 days in this year, there's next 351 days where Bitcoin price will down due to FUDs, government ban Bitcoin, top exchange got hacked, etc.

[Nrcewker]

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

First of all no hate man, but people like you always greed for more and they miss the golden opportunity to buy the Bitcoins and complain later. Many crypto veterans have said, if you are able to buy Bitcoins anywhere under 20k usd, then consider yourself lucky and buy as many as possible, but still when Btc was at 16k usd, many people argued and waited for more down price of Bitcoins. Now they have to buy the coins at 21k usd and will regret for less profits. Bear market is almost over we can say. Sit tight, Bitcoins to the moon.

[kryptqnick]

I don't believe in technical analysis and I think the current improvement might be temporary (there've been similar periods during the bear market of 2018-2019, I believe), but it does look very good. It would be lovely if the bottom was indeed reached earlier. After all, it was already quite low, around 5 times lower than the ATH. That being said, in the previous bear market, the ATH was almost $20k, and the lowest point was $3200, so around 6 times lower than the ATH. Thus, of course, there's no guarantee that at some point something won't hit harder, but for now, let's enjoy the beautiful green of positive price movement.

[franky1]

I don't believe in technical analysis and I think the current improvement might be temporary (there've been similar periods during the bear market of 2018-2019, I believe), but it does look very good. It would be lovely if the bottom was indeed reached earlier. After all, it was already quite low, around 5 times lower than the ATH. That being said, in the previous bear market, the ATH was almost $20k, and the lowest point was $3200, so around 6 times lower than the ATH. Thus, of course, there's no guarantee that at some point something won't hit harder, but for now, let's enjoy the beautiful green of positive price movement.

2011-12   32-3  ~10x
2013-14   1200-150 ~8x
2017-18   20k-3.2 ~6x
2021-22   70k-16k ~4x

next one may correct softer, not harder

[fuguebtc]

Not only you but I see many people change their opinion so quickly, I won't be surprised when next month the price of bitcoin drops and many people continue to change their opinion on the price of bitcoin. We should not jump to conclusions or believe that we are entering a bull cycle just because bitcoin is up 15% in the last 10 days. This is an impressive gain but for bitcoin, it's not a big thing, bitcoin can increase 15% in 1 week but can also drop 20% overnight. Still should be careful with everything, maybe this is just a trap.

[cryptomaniac_xxx]

We still have a full year to go though, so it's hard to see where the bottom is. That's what we said when he wit $17k last year, and that is the bottom and we we're not going any lower than that.

Unfortunately, the FTX happen, so we went as low as $15,500.

Although we are currently in the $20k'ish, still doesn't mean that it will not go down. Don't want to sound negative, but who knows, maybe this is just a fake break out.

[raybucks]

yes, this is not technical , just a trend lines by elliot numbers

I done technical in other profile of trading view

[Crypt0Gore]

This is a relief rally I believe, technical analysis is most times incorrect, my advice is do not rely on them, in crypto space never say never, I will still keep some USDT aside just in case, before I can say the word 'bottom is in" we will be sighting BTC halving few weeks away.

Right now the bottom is not in, we can still see a big decline so do not rush in to buy some coins.

[franky1]

yes, this is not technical , just a trend lines by elliot numbers
I done technical in other profile of trading view

you done a chart with lines on it too. just putting (1)(2)(3)(4)(5) at the elbows of the lines does not make it technical

can you explain your elbows without referencing a mart price pattern or market history.

is there any detail about 1-5 thats not market related data
is so please list why YOU chose those 5 points and explain each point and we can see if they have any foundations

or if your ok to admit your lines are just trend anals.
care to show the "other trading view profile" which you do wish to call technical analysis where you can explain the sources

[investdatasystems]

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

In an Ichimoku reading, on the weekly chart the Chikou span still has some obstacles to get above and the price has not closed above the kijun sen line yet. So it is still "downtrend" in a pure Ichimoku reading.

Also, the price is still below the Ichimoku cloud = Downtrend.

https://s3.tradingview.com/snapshots/d/dPCy92gy.png

[348Judah]

Strong hands are holding bitcoin

https://twitter.com/MemeingBitcoin/status/1614078515791511552?t=QjGOss-szIo5pmsMvpxkYQ&s=19


Bitcoin is neverbgone but the strong hands were holding, i congratulate those that has made it in within the last few weeks before the price begin to rise, though it has suffered a while been dip but the resistance limited has been taken off the way for it to taste $21k after ba little while, the bottom of $15k may not be revisited for now, the bull is set to begin and this is a first indication to that but we still have a long way to go towards the halving.

[Eternad]

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

You’ve got a really nice drawing for the Elliot wave cycle. I knew that the adrenaline due to the hype makes you become optimistic like this. You maybe right or wrong about this but this kind of impulse pump usually end to a sharp down which the Elliot wave usually didn’t occur on this scenario.

There’s no expert that can predict what’s gonna happened because there’s always 2 possible scenarios that can happened. One is a double top and the other one is what you are predicting. I really that your chart will happened as better preparation for the upcoming Bitcoin halving next year. It will be good if the market is on the positive side when this big happened for greater chance to hit new ATH.

[livingfree]

If it's about opinion or predictions, you may be wrong or right with it. As I'm not an expert, you're not the only one who have anticipated that the bottom isn't in.

Right now the bottom is not in, we can still see a big decline so do not rush in to buy some coins.

It's most likely that we've already seen the bottom but the resistance is strong. Therefore, as much as the pump happens, there's the counterpart of it that a big decline is likely to follow.

[Yatsan]

Indeed the increase at the present with the market value of Bitcoin and other cryptocurrencies are promising, especially from being down for quite some time. At first I thought that crossing $20k ceiling would be the start but not to be a pessimist; seeing the rally to be continuous is still hard. There's nothing supporting the increase we are currently seeing which makes the buying pressure not as strong with what we have saw before. Thus, riding the wave is somewhat scary to do. On my end, I will be waiting for a more visible trend line because I might end up being crushed in the middle if ever there will be a sudden downfall with the market given how unexpected the increase was.

[decodx]

tell me if i am wrong or right experts

No one can tell you that. Just because there has been a rally today and yesterday, it doesn't necessarily mean that the "bottom is gone" and that the market will continue to rise. The same thing is true of the other side of the coin: A big drop doesn't mean that it's time to panic and sell everything.

The market is volatile and unpredictable. Anyone who claims to know its next move is lying. The only thing that's certain is that there will be fluctuations in the market, both up and down.

[raybucks]

yes, this is not technical , just a trend lines by elliot numbers
I done technical in other profile of trading view

you done a chart with lines on it too. just putting (1)(2)(3)(4)(5) at the elbows of the lines does not make it technical

can you explain your elbows without referencing a mart price pattern or market history.

is there any detail about 1-5 thats not market related data
is so please list why YOU chose those 5 points and explain each point and we can see if they have any foundations

or if your ok to admit your lines are just trend anals.
care to show the "other trading view profile" which you do wish to call technical analysis where you can explain the sources

Here you can see


candle closed above 200 moving average  which is very strong move to the upside
the regression trend is broken upside
5 strong bullish candles
a horizonal support is there which we will see after some days it closes above or make an swing
i use less tools indicators so not covered too much like rsi , ichimoku,stochastic etc.


i am not sure it will go straight up according to my experience it will spike down one time

[royalfestus]

According to my Bitcoin cycles theory, the bottom is in. $15,500 looks like the bottom of the market and the market might stay above 1 trillion throughot the year. In the last 48 hours, BTC has led the first meaningful bear market rally since early last year. This year is an accumulation year, it's over with the bear market year.

[Swordsoffreedom]

It appears so for now but we will never know for sure. What if another bad thing happens tomorrow and bitcoin/stocks make a nosedive? To be honest,I think technical analysis is bullshit. Anybody can draw any line on any chart. Yours isn't an exception. Everybody says something according to TA but there is no one TA, everybody makes their own. People were saying bitcoin was cheap when it was $30k, then it went to $15k. According to them $30k was the bottom. Where are they now? Making new charts.

I'm not saying technical analysis is bullshit, but I don't fully trust charts either. Bitcoin spike to $21k broke all previous technical and fundamental analyses by experts, and you are right, everyone is making a new chart just like OP. He changed his mind too quickly;D . Bitcoin is still unpredictable, and there are always surprises, don't just look at those zigzags but can confidently predict bitcoin.

The market is not only about us, there are big players who are silently manipulating everything, if we can draw the chart, they can do it too. Don't think we can beat them just by relying on the chart.

[raybucks]

It appears so for now but we will never know for sure. What if another bad thing happens tomorrow and bitcoin/stocks make a nosedive? To be honest,I think technical analysis is bullshit. Anybody can draw any line on any chart. Yours isn't an exception. Everybody says something according to TA but there is no one TA, everybody makes their own. People were saying bitcoin was cheap when it was $30k, then it went to $15k. According to them $30k was the bottom. Where are they now? Making new charts.

I'm not saying technical analysis is bullshit, but I don't fully trust charts either. Bitcoin spike to $21k broke all previous technical and fundamental analyses by experts, and you are right, everyone is making a new chart just like OP. He changed his mind too quickly;D . Bitcoin is still unpredictable, and there are always surprises, don't just look at those zigzags but can confidently predict bitcoin.

The market is not only about us, there are big players who are silently manipulating everything, if we can draw the chart, they can do it too. Don't think we can beat them just by relying on the chart.

yes , technicals are made by big players to make retail  traders rekt , By doing opposite to what other retail traders think ,

There is technicals in every move of the market , so people can't understand where big players want to move the market ,

but there  is war between big players also no one can exactly know what the market is going to do

so just DCA DCA DCA ....

[uneng]

Market was bullish by hours ago, now it's more stable. Resistance line is definitely at 21,000$ and support at 20,299$. Traders and investors are playing between these prices' ranges. It seems Bitcoin still lacks strength to break the resistance with solidity, but let's hope it can stay above the support level for a decent length of time. Rome wasn't built in a day, neither a Bitcoin bull run, although step by step it's going to happen sooner or later.

[GigaBit]

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

I am neither overly excited nor dismayed by the current bullish trend in Bitcoin. But when such green signal appears in the market it is enjoyable for all. Bitcoin price has risen somewhat in recent times but anytime it can turn it to decline. I am confident that the total investment will increase further in the coming days. Although I am still assume that it may turn bearish again and come in at $14K. But by the end of this year I can definitely get something good from it. So i don't want to be too positive seeing a bullish trend. Because in the history of the past, this kind of trend of the market was often seen.  Though this is a positive sign, investors should do market analysis and invest cautiously.

[Rockstarguy]

tell me if i am wrong or right experts

No one can tell you that. Just because there has been a rally today and yesterday, it doesn't necessarily mean that the "bottom is gone" and that the market will continue to rise. The same thing is true of the other side of the coin: A big drop doesn't mean that it's time to panic and sell everything.

The market is volatile and unpredictable. Anyone who claims to know its next move is lying. The only thing that's certain is that there will be fluctuations in the market, both up and down.

The market is always unpredictable no one can where the market price is heading to , but we just need to have patience and understand that the bull market will definitely come after the bear market has taken place.  

The bear market can't last forever let's just expect that the bull market can occur at anytime. The market price is going high and might likely  be that the is about to take place but the market is unpredictable,  but the bull will definitely take place.

[Findingnemo]

the bottom is set. it still sits at ~$15k and the speculative market could test that again
i dont see it going below that again(unless multiple months of hashrate being below 2022 levels). its set and tested well, but the price can come back down to/near that again.
but chances are lower than q3-q4 2022 now the $17k resistance (top for period) has gone

the speculative market was held artificially below a $17k top resistance by some futures traders wanting their new years $17k limit contracts to expire at new year.
and now they have removed the resistance to free speculation to trade above it.

however too early to call "bull"
last year saw resistance also at $22k $24k $32k $42k $52k
so we have to see where the next resistances(tops for period) come
(at time of posting: last 7 hours see an artificial flatline of <$21k .. this could be the next resistance if it doesnt break through soon)

as for market cap number.. its a meaningless number. dont put any emotion or thought into it.

I thought that price could fall even below $16K but for the past few days there has been a significant rise in the price and it almost reached $19K even though I don't know the exact reason for the bullish trend but it seems that bottom is over because we have been in the bear market for almost a year now there will be a correction and we can expect gradual growth.

[S A KHAIR]

the bottom is set. it still sits at ~$15k and the speculative market could test that again
i dont see it going below that again(unless multiple months of hashrate being below 2022 levels). its set and tested well, but the price can come back down to/near that again.
but chances are lower than q3-q4 2022 now the $17k resistance (top for period) has gone

the speculative market was held artificially below a $17k top resistance by some futures traders wanting their new years $17k limit contracts to expire at new year.
and now they have removed the resistance to free speculation to trade above it.

however too early to call "bull"
last year saw resistance also at $22k $24k $32k $42k $52k
so we have to see where the next resistances(tops for period) come
(at time of posting: last 7 hours see an artificial flatline of <$21k .. this could be the next resistance if it doesnt break through soon)

as for market cap number.. its a meaningless number. dont put any emotion or thought into it.

I thought that price could fall even below $16K but for the past few days there has been a significant rise in the price and it almost reached $19K even though I don't know the exact reason for the bullish trend but it seems that bottom is over because we have been in the bear market for almost a year now there will be a correction and we can expect gradual growth.

There is no reason for the recent price increase, bitcoin is always full of surprises, may rise and may fall. 2 weeks ago, people were still very pessimistic about the market, but as soon as bitcoin rallied 15%, people changed their minds. I wouldn't be surprised if bitcoin drops to $17k tomorrow, and people will believe we are near the bottom. There are no predictions for the future of bitcoin.

[Hamphser]

the bottom is set. it still sits at ~$15k and the speculative market could test that again
i dont see it going below that again(unless multiple months of hashrate being below 2022 levels). its set and tested well, but the price can come back down to/near that again.
but chances are lower than q3-q4 2022 now the $17k resistance (top for period) has gone

the speculative market was held artificially below a $17k top resistance by some futures traders wanting their new years $17k limit contracts to expire at new year.
and now they have removed the resistance to free speculation to trade above it.

however too early to call "bull"
last year saw resistance also at $22k $24k $32k $42k $52k
so we have to see where the next resistances(tops for period) come
(at time of posting: last 7 hours see an artificial flatline of <$21k .. this could be the next resistance if it doesnt break through soon)

as for market cap number.. its a meaningless number. dont put any emotion or thought into it.

I thought that price could fall even below $16K but for the past few days there has been a significant rise in the price and it almost reached $19K even though I don't know the exact reason for the bullish trend but it seems that bottom is over because we have been in the bear market for almost a year now there will be a correction and we can expect gradual growth.

Im not either shocked nor get surprised with the current market condition which this small percentage rise isnt really that that something interesting anymore.I've been rather expecting to see below 15k support
line which it did able to hold up that well.We didnt really see any positive sentiments or news around which we could assume out that it was the main reason on why we do have this current price increase and trying out to break that 21k resistance which it is really that trying to testing it out.Im not sure if this is an another bull trap or trying to Fomo out but these are indeed probabilities as always.
This is why if we have able to get in 15-17k price then it wont really be that a bad idea on making yourself to secure profits in shorter time duration.Lucky for those who do able to make those long
position on futures but for now shorting would really be the best position imho but as always its not a guaranteed thing.

[royalfestus]

There is no reason for the recent price increase, bitcoin is always full of surprises, may rise and may fall. 2 weeks ago, people were still very pessimistic about the market, but as soon as bitcoin rallied 15%, people changed their minds. I wouldn't be surprised if bitcoin drops to $17k tomorrow, and people will believe we are near the bottom. There are no predictions for the future of bitcoin.

The reasons for pump like this are usually not sensible and it is a revelation that some people control this market but they consider some parameters of traders. They do it through exchanges. Bitcoin has always led the market in the bull and the response has been same from people at the begining, except this is attempt to distract people

[Minecache]

There are no experts here, we just like you, rely on a few factors to make predictions, and predictions can be right or wrong.

As for my prediction, I still doubt this is a short rally for the market, like in the middle of a cold winter, there are still a few days of sunshine alternating, and winter is not over yet. Along with that, the economic situation as well as challenges from the war between Russia and Ukraine are still many, so the expectation of an economic recovery to pull the market up is quite fragile. And we still have about 1.5 years until the halving.

[G_Besar]

There is no reason for the recent price increase, bitcoin is always full of surprises, may rise and may fall. 2 weeks ago, people were still very pessimistic about the market, but as soon as bitcoin rallied 15%, people changed their minds. I wouldn't be surprised if bitcoin drops to $17k tomorrow, and people will believe we are near the bottom. There are no predictions for the future of bitcoin.

Why are there no predictions for the future of Bitcoin?
Is Bitcoin's journey that has been more than ten years and recorded in history not enough to prove the future of Bitcoin which will continue to improve? I am never pessimistic about the future of Bitcoin as long as Bitcoin is still circulating in the market and also as long as Bitcoin is still being traded by many people on many exchanges. This means that Bitcoin has a clear future even though it is difficult to predict the price precisely for a certain time.

[traderethereum]

But if there are no reason for Bitcoin to fall and no reason for Bitcoin to rise then the highest bidder between demand and supply takes the lead. We are gradually approaching limited supply even if it hasn't started yet but with the recent pump it seems the market is gradually adjusting for a mega pump.

The market will improve eventually and the time will come when we can all return to huge profits.
The current state of affairs brings bitcoin back to above $20k and $21k and even then, it will continue to climb higher.
But there is a possibility that the price will remain at the $20k-$21k level for a while, so we are still allowed to accumulate more bitcoins.
And we as bitcoin holders, must be prepared for all situations so that we can move according to the conditions that occur in the market.

[bestcoins1]

The reasons for pump like this are usually not sensible and it is a revelation that some people control this market but they consider some parameters of traders. They do it through exchanges. Bitcoin has always led the market in the bull and the response has been same from people at the begining, except this is attempt to distract people

I don't think of the current increase as a pump even though Bitcoin has gone from $16K to $21K in the last two months of a different year but it certainly should still be considered a good thing because the real pump also started as small increments that happened slowly because the pump doesn't always happen quickly in Bitcoin. And I still really want to see Bitcoin get to $30K sometime soon or before the second quarter of this year.

[AakZaki]

I don't think of the current increase as a pump even though Bitcoin has gone from $16K to $21K in the last two months of a different year but it certainly should still be considered a good thing because the real pump also started as small increments that happened slowly because the pump doesn't always happen quickly in Bitcoin. And I still really want to see Bitcoin get to $30K sometime soon or before the second quarter of this year.

Before reaching $30k, of course there will be some corrections first. Currently I'm still waiting for bitcoin to correct and reach a bottom at this moment to start buying again and add to the bitcoin stock that I hold. A sharp rise will also be followed by a sharp fall, but we can only hope for a moderate decline and no FUD like last year which has created a negative sentiment in the market.

[goaldigger]

I don't think of the current increase as a pump even though Bitcoin has gone from $16K to $21K in the last two months of a different year but it certainly should still be considered a good thing because the real pump also started as small increments that happened slowly because the pump doesn't always happen quickly in Bitcoin. And I still really want to see Bitcoin get to $30K sometime soon or before the second quarter of this year.

Before reaching $30k, of course there will be some corrections first. Currently I'm still waiting for bitcoin to correct and reach a bottom at this moment to start buying again and add to the bitcoin stock that I hold. A sharp rise will also be followed by a sharp fall, but we can only hope for a moderate decline and no FUD like last year which has created a negative sentiment in the market.

Correction might happen at the level of $20k as Bitcoin holds a strong support at the moment.
I’m very bullish right now and I think bear market is already over. What we can expect is that, the price will start to rise and buying some now can be a good idea. I don’t think $10k will be hit again just like the prediction of many in social media, let’s be more realistic here and once that $30k will be hit again, we might see new ATH this year.

[STT]

Use weekly bars to consider this idea also weigh up the volume that is traded in these last days vs the weight of previously traded BTC.    The weight is what really matters, price tag on any asset or product is an attempt by markets to motivate the most people to engage (in that exact moment).   We can have one person buy at 30k and it wont matter, that vote or trade done remains personal and so to with any lesser volume it reduces in importance vs larger amounts.    BTC is also quite unique in being traded every time zone separately, other markets try to centralize their price point far more then BTC manages.    So a day price is not enough, 1 week matters more but always time and volume tells us the real direction.
   The bottom price will take more then a month to really prove imo, when we moved in 2019 I never really believed that was going to stick though I should have traded it better for sure.   We will take more time then it appears at first, inertia lags and matters far more for genuine price change seems like.

[bitterguy28]

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

you might be right or maybe wrong who truly knows? bottom might be gone but may go again soon? with this semi Bull happening , I was wondering that this is another bull trap like what we had in the past?

with those stats you given that is not even an assurance that we will be heading towards Bullishness till halving comes in 2024  but who know?

I love that to happen in at least end of this year.

[rat03gopoh]

Bitcoin is again churning out support on the 1-hour time frame, I hope it doesn't actually get broken this time on a minus -3% overnight crash given this is not strong support (only formed in the last few days) or bitcoin has to hit bottom again which is very dull.

[michellee]

We may think that the bottom has disappeared but we never know how the market will move. Basics can happen again if there is negative news about bitcoin, the market, the global economy or anything else that can affect the crypto market to lose its defensive power.

Currently, bitcoin is experiencing another correction with a condition of falling $ 20k but hopefully, the price will not continue to fall but can return to $ 21k. The current situation is unstable as there seems to be a force pulling the bitcoin price up and down continuously. So you have to be careful before deciding to enter the market.

[Kemarit]

Bitcoin is again churning out support on the 1-hour time frame, I hope it doesn't actually get broken this time on a minus -3% overnight crash given this is not strong support (only formed in the last few days) or bitcoin has to hit bottom again which is very dull.

Yeah, there was some negative news earlier that put a damp to the rally that we have like in the last 10 days. Nevertheless, settled down a bit now, $20,700 seems to be strong support for now.

So I do believed that we might have bottom for now, and this strong support will carry us to the next level, $23,000-$25,000 should be the next obvious target in February. Just continue to accumulate though, still the best time as the price is still very cheap.

[Kelvinid]

We may think that the bottom has disappeared but we never know how the market will move. Basics can happen again if there is negative news about bitcoin, the market, the global economy or anything else that can affect the crypto market to lose its defensive power.

Currently, bitcoin is experiencing another correction with a condition of falling $ 20k but hopefully, the price will not continue to fall but can return to $ 21k. The current situation is unstable as there seems to be a force pulling the bitcoin price up and down continuously. So you have to be careful before deciding to enter the market.

The situation isn't stable yet which is why it is too difficult to assume that everything will be okay and say the bottom is over. Besides, reaching $21k isn't impossible to happen even during the bear season meaning that we don't need to be confident of the current pump event in the market, sometimes can be just a short pump and it drops again.

It was good to see the market showing green color again but this could give me confidence at all. I was still thinking about the correction and can possibly it strikes again when people are already thinking for Bullrun.

[posi]

Bitcoin is again churning out support on the 1-hour time frame, I hope it doesn't actually get broken this time on a minus -3% overnight crash given this is not strong support (only formed in the last few days) or bitcoin has to hit bottom again which is very dull.

You can't expect bitcoin to go straight to 30k or 50k without any correction, even during the bull season, bitcoin will still correct a few times for stronger upside momentum. I don't predict that we are in a bull season, so if bitcoin goes down, I wouldn't be surprised either. But if you are expecting bitcoin to continue to rise, then you need not worry with such a drop of only a few %. In the short term, I think bitcoin will still rise and then fall again.

[rodskee]

Bitcoin is again churning out support on the 1-hour time frame, I hope it doesn't actually get broken this time on a minus -3% overnight crash given this is not strong support (only formed in the last few days) or bitcoin has to hit bottom again which is very dull.

But it is given right ? that every after a good run there will be a following dumping ? and I think this isn't enough to expect as I am seeing it happened to in the next coming weeks or month .

But I wanted to at least see 25k at the top before pulling the price down again , do you think this can be possible ?

There is no reason for the recent price increase, bitcoin is always full of surprises, may rise and may fall. 2 weeks ago, people were still very pessimistic about the market, but as soon as bitcoin rallied 15%, people changed their minds. I wouldn't be surprised if bitcoin drops to $17k tomorrow, and people will believe we are near the bottom. There are no predictions for the future of bitcoin.

The reasons for pump like this are usually not sensible and it is a revelation that some people control this market but they consider some parameters of traders. They do it through exchanges. Bitcoin has always led the market in the bull and the response has been same from people at the begining, except this is attempt to distract people

manipulation again? aren't we get tired of this Bs think?

[Davian144]

You can't expect bitcoin to go straight to 30k or 50k without any correction, even during the bull season, bitcoin will still correct a few times for stronger upside momentum. I don't predict that we are in a bull season, so if bitcoin goes down, I wouldn't be surprised either. But if you are expecting bitcoin to continue to rise, then you need not worry with such a drop of only a few %. In the short term, I think bitcoin will still rise and then fall again.

What you say makes a lot of sense because a slight correction for more increases has also occurred in the past, so it is also very possible that this year Bitcoin will correct in the short term before experiencing a much larger increase than the correction . And usually this moment is also very often used by investors to buy back before the next increase occurs in Bitcoin in the same year. I personally am still very optimistic about Bitcoin and will never doubt even if Bitcoin is being corrected.

[michellee]

We may think that the bottom has disappeared but we never know how the market will move. Basics can happen again if there is negative news about bitcoin, the market, the global economy or anything else that can affect the crypto market to lose its defensive power.

Currently, bitcoin is experiencing another correction with a condition of falling $ 20k but hopefully, the price will not continue to fall but can return to $ 21k. The current situation is unstable as there seems to be a force pulling the bitcoin price up and down continuously. So you have to be careful before deciding to enter the market.

The situation isn't stable yet which is why it is too difficult to assume that everything will be okay and say the bottom is over. Besides, reaching $21k isn't impossible to happen even during the bear season meaning that we don't need to be confident of the current pump event in the market, sometimes can be just a short pump and it drops again.

It was good to see the market showing green color again but this could give me confidence at all. I was still thinking about the correction and can possibly it strikes again when people are already thinking for Bullrun.

There is a possibility that this volatile bitcoin situation will continue until Q1 ends. Still, hopefully in the next month, things will change again and the market will continue to recover. I am happy that the price has survived the correction and there are signs of another price increase after this correction.

But if that all changes and the price goes back down, we should be able to adapt to the situation in the market and try to buy more bitcoins. So we have to be ready for whatever will happen after this.

[Natalim]

You can't expect bitcoin to go straight to 30k or 50k without any correction, even during the bull season, bitcoin will still correct a few times for stronger upside momentum. I don't predict that we are in a bull season, so if bitcoin goes down, I wouldn't be surprised either. But if you are expecting bitcoin to continue to rise, then you need not worry with such a drop of only a few %. In the short term, I think bitcoin will still rise and then fall again.

What you say makes a lot of sense because a slight correction for more increases has also occurred in the past, so it is also very possible that this year Bitcoin will correct in the short term before experiencing a much larger increase than the correction . And usually this moment is also very often used by investors to buy back before the next increase occurs in Bitcoin in the same year. I personally am still very optimistic about Bitcoin and will never doubt even if Bitcoin is being corrected.

This is what we called market fluctuation and it really happens always. But from what I can see, people have been crazy to sell their Bitcoin with these few increases which is why we now seeing a decline in the price of Bitcoin. In this kind of behavior, we can't expect a great start this year or even a recovery knowing that most of the investors now are impatient. Even though we can say they are optimistic, yet they are still doubtful with Bitcoin which is very hard for them to wait for the Bullrun rather than selling when there is a few pumps.

[Oasisman]

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

Too early to tell. I think theres not enough speculation this year for Bitcoin get bullish. Most of us were expecting the next bull run will occur in the next Bitcoin halving. May it be before or after that.
And, I don't think we've seen the bottom of this bearish run already, Bitcoin may still fall below 15k this year. Some are even waiting for $10k.
Nobody really knows where this current price action will lead to.

[DanWalker]

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

Too early to tell. I think theres not enough speculation this year for Bitcoin get bullish. Most of us were expecting the next bull run will occur in the next Bitcoin halving. May it be before or after that.
And, I don't think we've seen the bottom of this bearish run already, Bitcoin may still fall below 15k this year. Some are even waiting for $10k.
Nobody really knows where this current price action will lead to.

Yes, we are more than 400 days away from the halving, so it is too early to say that the bottom is gone and we are approaching recovery days. Although that is also possible, the chances are too low.

No one can predict the movement of bitcoin, but looking at the world economic situation, I do not believe the financial market in general and the cryptocurrency in particular will recover from now on. Cryptocurrencies are still manipulated and don't follow any rules but bringing the bull market back is not a wise idea for market makers. It is very difficult to attract new cash flow into the market in this difficult economic time.

[rat03gopoh]

But I wanted to at least see 25k at the top before pulling the price down again , do you think this can be possible ?

It's been 6 days bitcoin is still trying to break through the resistance wall. I think bitcoin needs at least a bit of good news this week to get to $25k before correcting to this point, or we will correct early to $16k - $14k. I'm interested in paying attention to Kaleo's scenario ^[1], he seems quite bullish even towards $30k next February.


Take a closer look, the chart slightly follows the scenario.



1. https://twitter.com/i/status/1615094502082969600

[fadhilz123]

No one knows if your prediction is right or wrong, neither we nor you have a crystal ball to predict the future of bitcoin. But in my experience, it is not possible just because bitcoin is up a few percent to jump to the conclusion that the bottom is over and we are entering a bull season. I think we should still be careful as it is more of a price trap than a sign of the bulls.

It's still very early to draw conclusions about bulls in Bitcoin, but what happened to Bitcoin this month could also be an indication that Bitcoin has started to move even though it still looks slow in its movements. Yes, everyone can't predict the future of Bitcoin precisely, moreover this is more to the price, but for people who have long seen Bitcoin on the market and continue to be in demand by many people every year. It is clear that the future of Bitcoin will not be bad and it could even be even better than previous years.

[GreatArkansas]

We are already around 50% positive since the local bottom last year which is around $15,000.
For me, yes, there is a high possible that it was already the bottom but I believe, there are a lot of possibilities we may visit that area or below $20,000.
Because for me, I am against to some people right now that they are talking about parabolic run again because the pump only started this year or happened in just a short period of time which for me is not healthy and I am still not satisfied.

[KingsDen]

This is the chart that the OP has posted for viewing.



I'm still a novice in this field of analysis, but if you want my opinion, I'd say it's too soon to recognized the bottom of the BTC price. Although recent positive news about Bitcoin has caused the green line to appear, there are still a lot of things that could happen in the coming days or week.

I might not be an expert but that does not really tell that I don't know the happenings around me since over one year I have been actively involved in the crypto-currency market. I think this is not time for joy yet we should not rejoice and people that want to buy should not give up.

This is not the expected bull run, this is one of the in-between bullruns that were supposed to happen between last cycle and now. But due to the fact that there was excessive bear market, the market moved from bear to another bear and made in-between bulls to be defeated and now when we are seeing the bull.

There is no strong resistance that is found at 20,000 dollars yet therefore the market could still fall but not below 15,000 dollars.

[Jody.Drummer]

you might be right or maybe wrong who truly knows? bottom might be gone but may go again soon? with this semi Bull happening , I was wondering that this is another bull trap like what we had in the past?

with those stats you given that is not even an assurance that we will be heading towards Bullishness till halving comes in 2024  but who know?

I love that to happen in at least end of this year.

All you need to do is continue to enjoy conditions like this regardless of whether this is a condition where a trap, as many people still say, or indeed this is one of the beginnings of a bull. We just have to follow what is happening at the moment, regardless of anything in the future, if we really have long-term thoughts, I think this won't be too much of a problem for you because whether it's a trap or a bull, you won't feel anything to lose.
But on the other hand, seeing the current conditions, we should be aware that the Bulls are getting closer.

[BigBos]

What is clear is that none of the analysts can really guess where the bottom is, they only take into account what they have learned and most of them are still unsure of the answer, like the previous cycle in end quarter 2018 we looked for the bottom for a hundred plus days, but nothing which is absolutely spot on in finding it.
Maybe yes and maybe no to the missing bottom and most likely in the final quarter of 2022 at $15k it may be the bottom price for bitcoin we have been looking for. So far, perhaps the best way is to buy rather than waiting for a long decline that is predicted and the status is still unknown whether right or not, DCA in this moment the wisest step and preparing funds to buy declines for makes us not panic too much.

[crwth]

Nothing would ever seem that it could be predicted, it's always going to be a problem if you are not going to make the right risk management and traders should know that you cannot be 100% and it's always going to be a ride between the market especially if you are going to be in the crypto space.

With the current situation now, a lot of people are probably buying the news and it could still go up in the price charts so you should take advantage of the price if you believe this.

It's really amazing what happens with the crypto market and it's best to be prepared.

[Inspiron14]

I also think so, it can be seen that the price of bitcoin can reach $ 20k at the beginning of the year and of course this makes the market more positive,
the bad news about crypto currency has also disappeared, it's just that investors are still afraid since the altcoin collapse case last year,
and hopefully this year there will be no more collapsing altcoins like FTX, CEL or LUNA.

[Vaskiy]

I also think so, it can be seen that the price of bitcoin can reach $ 20k at the beginning of the year and of course this makes the market more positive,
the bad news about crypto currency has also disappeared, it's just that investors are still afraid since the altcoin collapse case last year,
and hopefully this year there will be no more collapsing altcoins like FTX, CEL or LUNA.

Bitcoin market is subject to speculation. With what is happening around the market, experts and common people have their own predictions. This is common with the crypto market. How this survives out of such scenario is the strength of the innovation. Maybe the bottom is no more down to $20k, but the same isn't assured.

The news associated with the FTX, Luna and other issues haven't disappeared. The whales have failed in manipulating with those incidents. Surely they'll try it when correct situation arise.

[mich]

Well if I have to choose then I think the bottom is gone then I would say yes it is. I think for now on we maybe will see Bitcoin drop to 20k but not back down to 10k or 12k like which was a possibility and how I did think was a possibility.

But this is just my bullish way of thinking. We do not know for certain because what if this is not the end of the 'bull market' just yet? We can each have a opinion where the price of Bitcoin is heading but we will never know for sure. 

[ethereumhunter]

I think the bitcoin bottom has already been crossed, where the price has been at $15k for a while. And even though the price has now been able to return above $20k, that doesn't mean the bitcoin price won't return to $15k or even lower because we have to remember that the price of bitcoin can move up or down.

I agree with what @mich said, where we will never know for sure and can only speculate where the bitcoin price will move. We can only prepare ourselves for whatever happens this year so that we can participate in what will happen in the market later.

[Baofeng]

I think the bitcoin bottom has already been crossed, where the price has been at $15k for a while. And even though the price has now been able to return above $20k, that doesn't mean the bitcoin price won't return to $15k or even lower because we have to remember that the price of bitcoin can move up or down.

Or just remember how volatile the market is, at any moment, the price can go down very hard, double digits and it will take some time to bounce from that. Or thinking that we are still in the bear market, so anything goes, just one negative news will affect the market.

I agree with what @mich said, where we will never know for sure and can only speculate where the bitcoin price will move. We can only prepare ourselves for whatever happens this year so that we can participate in what will happen in the market later.

It's better to anticipate things, we have to think ahead of the game. If the price goes down and reaches $15k, don't be negative, treat it as another opportunity to stash again.

If the market didn't reach any lower lows again before the eventual bull run for next year, still continue to accumulate and do DCA, win-win situation for us.

[slaman29]

I think the bitcoin bottom has already been crossed, where the price has been at $15k for a while. And even though the price has now been able to return above $20k, that doesn't mean the bitcoin price won't return to $15k or even lower because we have to remember that the price of bitcoin can move up or down.

I agree with what @mich said, where we will never know for sure and can only speculate where the bitcoin price will move. We can only prepare ourselves for whatever happens this year so that we can participate in what will happen in the market later.

I wouldn't be so quick to say that. Granted I've only been through one period after ATH (the one after 2017) so I'm basing my response on that but if you remember, we did stay above $10k for a long time, and then dipped below, and then suddenly we had a huge unexpected 50% crash after that. We haven't had a huge 50% crash the most was 25% and for me, Bitcoin/crypto is much more capable of that.

When that happens, is important, because if it happens above 30k, then ok, we already saw a bottom but I feel like everything is still too vulnerable now in the overall market. Nice to see current prices but a huge crash is yet happening.

[ethereumhunter]

I think the bitcoin bottom has already been crossed, where the price has been at $15k for a while. And even though the price has now been able to return above $20k, that doesn't mean the bitcoin price won't return to $15k or even lower because we have to remember that the price of bitcoin can move up or down.

Or just remember how volatile the market is, at any moment, the price can go down very hard, double digits and it will take some time to bounce from that. Or thinking that we are still in the bear market, so anything goes, just one negative news will affect the market.

But hopefully, the price of bitcoin can survive the negative news and can even increase because the negative news will always be there to try to bring bitcoin down. We will still see market fluctuations but we shouldn't panic or worry because that won't make bitcoin abandoned by investors. And in the end, the bitcoin price will increase and create a new ATH again.

I agree with what @mich said, where we will never know for sure and can only speculate where the bitcoin price will move. We can only prepare ourselves for whatever happens this year so that we can participate in what will happen in the market later.

It's better to anticipate things, we have to think ahead of the game. If the price goes down and reaches $15k, don't be negative, treat it as another opportunity to stash again.

If the market didn't reach any lower lows again before the eventual bull run for next year, still continue to accumulate and do DCA, win-win situation for us.

If the price drops further, it is an opportunity that we should use to buy more bitcoins because the price can surely reverse and return to a higher price. But unfortunately, not many people are willing to buy right away but are still waiting for another low price which we know won't always be the case. We can only do DCA at a low price and hold it until the price can reverse direction again.

I think the bitcoin bottom has already been crossed, where the price has been at $15k for a while. And even though the price has now been able to return above $20k, that doesn't mean the bitcoin price won't return to $15k or even lower because we have to remember that the price of bitcoin can move up or down.

I agree with what @mich said, where we will never know for sure and can only speculate where the bitcoin price will move. We can only prepare ourselves for whatever happens this year so that we can participate in what will happen in the market later.

I wouldn't be so quick to say that. Granted I've only been through one period after ATH (the one after 2017) so I'm basing my response on that but if you remember, we did stay above $10k for a long time, and then dipped below, and then suddenly we had a huge unexpected 50% crash after that. We haven't had a huge 50% crash the most was 25% and for me, Bitcoin/crypto is much more capable of that.

When that happens, is important, because if it happens above 30k, then ok, we already saw a bottom but I feel like everything is still too vulnerable now in the overall market. Nice to see current prices but a huge crash is yet happening.

It's possible that the scenario will return like that. Moreover, we can only predict it without knowing what will happen after this. At the very least, we can enjoy the moment to take advantage of this rising bitcoin price. But we can also keep the bitcoins on hold and wait for what happens next. And if it is true that the price will crash 50% of its current price, then there is a possibility that the price will fall to $12.5k or back to $15k but let's hope that doesn't happen.

So it's better to be prepared with all the possibilities so we won't panic and can adapt to the situation.

[DOH!]

I think the bitcoin bottom has already been crossed, where the price has been at $15k for a while. And even though the price has now been able to return above $20k, that doesn't mean the bitcoin price won't return to $15k or even lower because we have to remember that the price of bitcoin can move up or down.

The market signals are not optimistic at this stage, although the predictions for 2023 are very promising. I also think the $15k bottom at the end of 2022 has also created confidence. Nothing is certain until more positive signals in the market appear. The beginning of the new year also indicates better states.

[slapper]

I think the bitcoin bottom has already been crossed, where the price has been at $15k for a while. And even though the price has now been able to return above $20k, that doesn't mean the bitcoin price won't return to $15k or even lower because we have to remember that the price of bitcoin can move up or down.

I agree with what @mich said, where we will never know for sure and can only speculate where the bitcoin price will move. We can only prepare ourselves for whatever happens this year so that we can participate in what will happen in the market later.

I wouldn't be so quick to say that. Granted I've only been through one period after ATH (the one after 2017) so I'm basing my response on that but if you remember, we did stay above $10k for a long time, and then dipped below, and then suddenly we had a huge unexpected 50% crash after that. We haven't had a huge 50% crash the most was 25% and for me, Bitcoin/crypto is much more capable of that.

When that happens, is important, because if it happens above 30k, then ok, we already saw a bottom but I feel like everything is still too vulnerable now in the overall market. Nice to see current prices but a huge crash is yet happening.

I agree. Everything is too vulnerable. $15k is more likely to happen than $30k. Remember that we are in the middle of the New Year Eve and the Asia resion loves to stack their coins during this days. And it does create a some sort of mini FOMO which lure people to buy coins

We have to be mindful that there are a lot of bad news recently. Employees lose their jobs, Ukrainian wars, real estate collapse, etc. Therefore, buying right now is not a good choice, though I always believe in bitcoin and its future. But I rather wait for a better price for long-term holding.

[TribalBob]

As we know there are no accurate predictions for bitcoin at this time too many are opinionated, and subject to speculation.
I think the lower value that we are waiting for has already been exceeded at 16k, I'm not sure it will reach below that more than, so far Bitcoin is still above 20k, I think this is better. and we can see the current situation is as there seems to be a force that is constantly pulling the bitcoin price up and down. So you have to be careful before deciding to enter the market.

[Davian144]

As we know there are no accurate predictions for bitcoin at this time too many are opinionated, and subject to speculation.
I think the lower value that we are waiting for has already been exceeded at 16k, I'm not sure it will reach below that more than, so far Bitcoin is still above 20k, I think this is better. and we can see the current situation is as there seems to be a force that is constantly pulling the bitcoin price up and down. So you have to be careful before deciding to enter the market.

Being careful is mandatory at all times, both for traders and for investors in the short term in order to keep their capital safe. But for investors who are investing long term in Bitcoin in particular I think there is no need to feel anxious or panic or even afraid of the corrections that still occur frequently in the market for Bitcoin as in yesterday's example.

Because a correction before the next increase is a very natural thing, and besides that Bitcoin also doesn't often stay stable at a certain price level for a long period of time, so those who invest in the long term must also be careful. And for now I even believe that Bitcoin will be more likely to increase than decrease because I see a small correction did not make Bitcoin drop below $ 20K now.

[carlfebz2]

As we know there are no accurate predictions for bitcoin at this time too many are opinionated, and subject to speculation.
I think the lower value that we are waiting for has already been exceeded at 16k, I'm not sure it will reach below that more than, so far Bitcoin is still above 20k, I think this is better. and we can see the current situation is as there seems to be a force that is constantly pulling the bitcoin price up and down. So you have to be careful before deciding to enter the market.

Might not be that accurate but we could able to draw some trend lines and other indicators which we would be assuming that this might be the start of a good bullish run.We've been able to recover from that 15k

bottom which we could presume and assume out that this might be the bottom because the price had failed out to have some retesting out of these levels but if there would be some significant possible negative

news in the market then we might be able to see these low numbers but we cant really be still that sure on where it would be heading.Based up on my own analysis that 25k is something
that it needs to be break for us to go through 30k but it wont be that a smooth sail ride.

[TheGreatPython]

the price of bitcoin can survive the negative news and can even increase because the negative news will always be there to try to bring bitcoin down. We will still see market fluctuations but we shouldn't panic or worry because that won't make bitcoin abandoned by investors. And in the end, the bitcoin price will increase and create a new ATH again.

I wouldn't say hopefully for something that is very possible. How many times we survive a negative news? Bitcoin is 13 yrs old already. Negative news will always be there but they aren't built to bring Bitcoin down. There were different reasons on why they happen. It was the fake news or the FUDs created by the BTC haters or the whales whose intention is to bring the price down for their own benefit.

Market fluctuations is normal as well but this doesn't scare experienced users because they can use this on their benefit. this is where they can be able to buy low and sell high. The bottom is still there actually and it is the current price that we have now. I can say this because will abandon this price soon but if ever we fail to continue or there are obstacles along the way, this should be the lowest point that we can get at the moment.

[LFC_Bitcoin]

The longer we stay above $20,000 the more & more likely that the bottom is in. We hit a higher high last night at $23,8xx so it’s clear that the trend is bullish right now. It’s starting to look like that dive to $15,xxx is the bottom.
The only worry about lower lows is a black swan, something like the US confirming a recession which rips hard.

The next halving isn’t too far away now so the deeper we get into 2023 the better it looks. We can’t say for definite that we’ve seen the bottom but I think it’s more likely than not now.

[buwaytress]

The longer we stay above $20,000 the more & more likely that the bottom is in. We hit a higher high last night at $23,8xx so it’s clear that the trend is bullish right now. It’s starting to look like that dive to $15,xxx is the bottom.
The only worry about lower lows is a black swan, something like the US confirming a recession which rips hard.

The next halving isn’t too far away now so the deeper we get into 2023 the better it looks. We can’t say for definite that we’ve seen the bottom but I think it’s more likely than not now.

That's the black swan I hope I'm wrong about, but just this niggling feeling that the world's economies are trying really hard to hide something. Back home, you can sense things falling apart and general sentiment just not good about the whole economy, so I don't know how it is in the US but they've been saying it's avoidable for a whole year now -- not sure if that hard rip will still hit. But like you say, the longer we go without hearing about it, the better the chances (and sometimes it really is down to some dude in a plush chair saying something).

[AverageGlabella]

Not a expert but the overall feel of the market is very positive right now after what we went through in 2022 I thought it might take a long time until we get positive vibes again but the recent increases have proven that wrong. I think 2023 will be a recovery year and the 2024 we could hit a new ath with the halving.

[$crypto$]

Not a expert but the overall feel of the market is very positive right now after what we went through in 2022 I thought it might take a long time until we get positive vibes again but the recent increases have proven that wrong. I think 2023 will be a recovery year and the 2024 we could hit a new ath with the halving.

The few weeks the price has been quite positive and usually don't go beyond this level but we do see some speculation about bitcoin recovery at the start of the year being even longer.
It is possible that 2023 will be the start of a long recovery until we reach the halving point in 2024, but we have to watch the price ups and downs because it won't always be a year-round recovery even with new events always affecting prices in the market.

[milewilda]

Not a expert but the overall feel of the market is very positive right now after what we went through in 2022 I thought it might take a long time until we get positive vibes again but the recent increases have proven that wrong. I think 2023 will be a recovery year and the 2024 we could hit a new ath with the halving.

The few weeks the price has been quite positive and usually don't go beyond this level but we do see some speculation about bitcoin recovery at the start of the year being even longer.
It is possible that 2023 will be the start of a long recovery until we reach the halving point in 2024, but we have to watch the price ups and downs because it won't always be a year-round recovery even with new events always affecting prices in the market.

What makes to have that decision is really that very hard if ever you do see this kind of situation or condition where everything doesnt really make out some huge movement and just hanging around on neither a resistance point or a support line which it would really boggle up your mind on which way it could possibly move next.This is why it is really hard to tell when we are really that into this certain condition on which
you cant point out on what would be its next movement unless if there are some fundamentals or news that might stir up which you could make some assumptions to that but we do
know that not all things could really be that effective.

[STT]

There is no absolute right or wrong just keep watching and weighing it up.  Thats why it is a bit of work to have an accurate view, theres a danger of losing patience and just jumping on one side or another; now we will only go down now or its going to the moon.  It is really more work then yes or no, no absolute way to path to either side is there.
   How it works more often in my view is we establish a price range like fencing around cattle, the bulls are hemmed in by a fence at the top of that range but also the panic downwards finds itself range bound there too.   When we develop enough, a picture forms clearer across the market and transition to another phase is most likely with a new range of movement possible.

[19Nov16]

I also think so, it can be seen that the price of bitcoin can reach $ 20k at the beginning of the year and of course this makes the market more positive,
the bad news about crypto currency has also disappeared, it's just that investors are still afraid since the altcoin collapse case last year,
and hopefully this year there will be no more collapsing altcoins like FTX, CEL or LUNA.

The large number of scam cases from altcoins is of course an important lesson for investors, and this has happened massively since the market rising in 2016, this can happen again at any time, as an investor the best and safest thing is to store assets in a private wallet so you don't panic when a bankrupt case occurs exchanges.

[KingsDen]

I also think so, it can be seen that the price of bitcoin can reach $ 20k at the beginning of the year and of course this makes the market more positive,
the bad news about crypto currency has also disappeared, it's just that investors are still afraid since the altcoin collapse case last year,
and hopefully this year there will be no more collapsing altcoins like FTX, CEL or LUNA.

The large number of scam cases from altcoins is of course an important lesson for investors, and this has happened massively since the market rising in 2016, this can happen again at any time, as an investor the best and safest thing is to store assets in a private wallet so you don't panic when a bankrupt case occurs exchanges.

The reason that the collapse of Luna, FTX etc was severe on the market was because the market was already in a very big deep and bleeding, this made it in such a way that any little shake or news will impact the market.
Assuming the bitcoin price was about $30k and above the impact of the exchanges failures wouldn't have pulled the market down to $16k.
If the market anchors very well on the bull trend, it will be able to withstand every negative news to a bearable extent.

[paid2]

If the market anchors very well on the bull trend, it will be able to withstand every negative news to a bearable extent.

I agree with you.

I am surprised to see how recent events related to Genesis and Nexo have not disturbed the price of BTC

[Ryu_Ar1]

The reason that the collapse of Luna, FTX etc was severe on the market was because the market was already in a very big deep and bleeding, this made it in such a way that any little shake or news will impact the market.
Assuming the bitcoin price was about $30k and above the impact of the exchanges failures wouldn't have pulled the market down to $16k.
If the market anchors very well on the bull trend, it will be able to withstand every negative news to a bearable extent.

But on the other hand when there is good news as well it feels impactful not because we know that the bulls are now getting triggered when the FED said the inflation rate was declared lower for the sixth month in a row which leaves us now in a pretty comfortable zone past 2 resistance at $19k and $21k.
Apart from anything, it is clearly profitable because indeed, looking at the current conditions, many even say this could be the start of bullishness, even though all possibilities are still there.

[Oilacris]

If the market anchors very well on the bull trend, it will be able to withstand every negative news to a bearable extent.

I agree with you.

I am surprised to see how recent events related to Genesis and Nexo have not disturbed the price of BTC

Dont get be too surprised because this is how this market works or behaves on which there's no way that you could really make our some conclusions about whether it could make out some effect or not

basing on what are those events are whether its positive or negative.We've been through lots of similar situations and news which it didnt really make out some significant effect on the market.

This isnt something that you could rely when you are really that into fundamental because it could really messes up your analysis and approach
towards your decisions because this isnt always do make out some effect.

[AverageGlabella]

The reason that the collapse of Luna, FTX etc was severe on the market was because the market was already in a very big deep and bleeding, this made it in such a way that any little shake or news will impact the market.
Assuming the bitcoin price was about $30k and above the impact of the exchanges failures wouldn't have pulled the market down to $16k.
If the market anchors very well on the bull trend, it will be able to withstand every negative news to a bearable extent.

But on the other hand when there is good news as well it feels impactful not because we know that the bulls are now getting triggered when the FED said the inflation rate was declared lower for the sixth month in a row which leaves us now in a pretty comfortable zone past 2 resistance at $19k and $21k.
Apart from anything, it is clearly profitable because indeed, looking at the current conditions, many even say this could be the start of bullishness, even though all possibilities are still there.

Bitcoin reacts to outside things to much that it is hard to predict if we are going to see a recovery or if something else will come up that pushes it back down. That is one of the biggest problems for people looking to use btc exclusively because overnight they could be looking at their savings dropping $1000s of dollars. The opposite is true to though.

[GeorgeJohn]

We can't conclude on this particular thing, because i believe that Bitcoin can Fall or rise any time, button of Bitcoin can happen any day or time i have seen. Because i believe that Bitcoin increment is not. Measurable from my observation of increment and rotation of Bitcoin from my understanding.

[rodskee]

But I wanted to at least see 25k at the top before pulling the price down again , do you think this can be possible ?

It's been 6 days bitcoin is still trying to break through the resistance wall. I think bitcoin needs at least a bit of good news this week to get to $25k before correcting to this point, or we will correct early to $16k - $14k. I'm interested in paying attention to Kaleo's scenario ^[1], he seems quite bullish even towards $30k next February.


Take a closer look, the chart slightly follows the scenario.



1. https://twitter.com/i/status/1615094502082969600

thanks for the link mate , and for the sharing but like now it has been small dropping happens and possibilities of another trap is there?
yeah this happened several times just from the 20k spike but still something we can afford to risk.
I am waiting to let go once the price starts dropping to 21k again but this will be depending on how the market shows me progress overtime and that would be the decision making for me, no matter what happens next because I am more on safe keeping now than to risk.

[fzkto]

The reason that the collapse of Luna, FTX etc was severe on the market was because the market was already in a very big deep and bleeding, this made it in such a way that any little shake or news will impact the market.
Assuming the bitcoin price was about $30k and above the impact of the exchanges failures wouldn't have pulled the market down to $16k.
If the market anchors very well on the bull trend, it will be able to withstand every negative news to a bearable extent.

But on the other hand when there is good news as well it feels impactful not because we know that the bulls are now getting triggered when the FED said the inflation rate was declared lower for the sixth month in a row which leaves us now in a pretty comfortable zone past 2 resistance at $19k and $21k.
Apart from anything, it is clearly profitable because indeed, looking at the current conditions, many even say this could be the start of bullishness, even though all possibilities are still there.

Bitcoin reacts to outside things to much that it is hard to predict if we are going to see a recovery or if something else will come up that pushes it back down. That is one of the biggest problems for people looking to use btc exclusively because overnight they could be looking at their savings dropping $1000s of dollars. The opposite is true to though.

I think the bitcoin recovery has already started. In case you haven't noticed, it's been rising for a month now. The main thing at this point is that there are no sharp pumps. Everything is growing smoothly, without many people even noticing. As already said, bitcoin is now in the resistance area. If this is broken, it will continue to rise.

[laurenB7742]

The reason that the collapse of Luna, FTX etc was severe on the market was because the market was already in a very big deep and bleeding, this made it in such a way that any little shake or news will impact the market.
Assuming the bitcoin price was about $30k and above the impact of the exchanges failures wouldn't have pulled the market down to $16k.
If the market anchors very well on the bull trend, it will be able to withstand every negative news to a bearable extent.

But on the other hand when there is good news as well it feels impactful not because we know that the bulls are now getting triggered when the FED said the inflation rate was declared lower for the sixth month in a row which leaves us now in a pretty comfortable zone past 2 resistance at $19k and $21k.
Apart from anything, it is clearly profitable because indeed, looking at the current conditions, many even say this could be the start of bullishness, even though all possibilities are still there.

Bitcoin reacts to outside things to much that it is hard to predict if we are going to see a recovery or if something else will come up that pushes it back down. That is one of the biggest problems for people looking to use btc exclusively because overnight they could be looking at their savings dropping $1000s of dollars. The opposite is true to though.

I think the bitcoin recovery has already started. In case you haven't noticed, it's been rising for a month now. The main thing at this point is that there are no sharp pumps. Everything is growing smoothly, without many people even noticing. As already said, bitcoin is now in the resistance area. If this is broken, it will continue to rise.

Even though bitcoin has been up and rallied for 3 weeks, we are not out of bear season yet, so a bitcoin drop is also possible, I don't think bitcoin is recovering, maybe this is a short term rally.
The market barely moved to wait for the news of the first Fed meeting in 2023, and if as expected, the Fed only announced a 0.25% increase, that would be big news for the market. Bitcoin's upcoming trend will be determined by news from the Fed.

[Wong Gendheng]

Very happy because today bitcoin rising again and almost touches $ 24k, although there is now a small decline but still in a good range of $ 23700, I am optimistic that in 2023 it will rise again like 2021 or maybe better, hopefully there are no big cases anymore which made panic like 2022.

[LittleBitFunny]

Very happy because today bitcoin rising again and almost touches $ 24k, although there is now a small decline but still in a good range of $ 23700, I am optimistic that in 2023 it will rise again like 2021 or maybe better, hopefully there are no big cases anymore which made panic like 2022.

Everyone is happy to see the green market again. But I suspect that even without a major crash, it is tough to expect bitcoin to hit a high or rebound strongly this year. Bitcoin rallied over 40% in January and hit $24,000 on positive Fed news, but could still fall again as the bear season hasn't completely gone, the 4-year cycle is still repeating itself. We cannot expect a bull season as the halving is still far from us, unless the market wants to make new history as you would expect.

[Davian144]

Very happy because today bitcoin rising again and almost touches $ 24k, although there is now a small decline but still in a good range of $ 23700, I am optimistic that in 2023 it will rise again like 2021 or maybe better, hopefully there are no big cases anymore which made panic like 2022.

Not nearly touching $24K, but if you start looking at the Bitcoin chart that is moving today, the price of Bitcoin briefly crossed $24K today even though it was only for a short duration before dropping again below $24K. Actually it could be a bit of an assessment that at the beginning of this year there were no more people who felt panicked and doubtful about Bitcoin so they continued to make purchases on Bitcoin very comfortably in the market.

[Moeda]

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

The crypto market is currently in a bull market, and of course the bear market will stop for a while. And popular altcoins are also experiencing price increases. We hope this will continue. Even the price of Bitcoin has reached $ 24k, maybe in this week it can reach $ 25k. Usually this kind of improvement will last two to three months.

[Smartvirus]

The crypto market is currently in a bull market, and of course the bear market will stop for a while. And popular altcoins are also experiencing price increases. We hope this will continue. Even the price of Bitcoin has reached $ 24k, maybe in this week it can reach $ 25k. Usually this kind of improvement will last two to three months.

I don't quite get you,
Your saying, we are in a bull run but the bears will stop soon! If am to go by your statement, I means we are still very much on the bear market an that is what it is. We are not in the bull as you earlier proposed. The market for this bear season dipped at $17k and with the market now around $23k being a $6k difference, that's not much which means, we are still in the bearish zone. If you get to look at the ATH around $65k+ you would agree more that the bears have still got the market and the bulls haven't go much momentum to push for a bullrun.

[STT]

The market overall resembles a roller coaster, its almost like its designed to throw you from one extreme to another.   Or like a shark it has to keep moving in one direction or another, we are meeting old volume around 25k so I perceive resistance and presume down is possible in response.   Something we can bet on there will at least be a proper attempt to move the price down because we been ascending for a while without a large sell  and nothing is ever easy.   21k is the target for the downside I've heard recently and that seems entirely reasonable to me.
  However there is a big but, in that the wider market is more bullish then I remember since perhaps last April when I thought it was surprisingly light in the middle of a war that would negatively effect most of the Europe.    Waves of negative action dont come together but when your back is turned it knocks you over with a sudden swell of unexpected news, could be anything but presumably inflation does cause harm to various order books.    Overall long term I remain bullish but only cautiously and expecting selloffs during any recovery of BTC.
  OP could be correct of the bottom price being in but we have to say thats part of why we rose right now.   Thats a premise that market will test probably harshly sooner or later.

[Crypto Library]

The crypto market is currently in a bull market, and of course the bear market will stop for a while. And popular altcoins are also experiencing price increases. We hope this will continue. Even the price of Bitcoin has reached $ 24k, maybe in this week it can reach $ 25k. Usually this kind of improvement will last two to three months.

How can you said said that current market is on Bull-run where the ATH record of bitcoin is more than 69k . If you said here that the market is currently recovering, it would have been a little thought.
Even then if Bitcoin touch 25k in this week I will says that market condition is still unpredictable and we should take more time to observe market condition for that bull-run signal. Because in the passed year 2022 we were also seen this position.
So I am not agreeing with your option and I will say that market is still on bearish position. And we may have to pass this year to see the market in a bullish position

[Furious 7]

The crypto market is currently in a bull market, and of course the bear market will stop for a while. And popular altcoins are also experiencing price increases. We hope this will continue. Even the price of Bitcoin has reached $ 24k, maybe in this week it can reach $ 25k. Usually this kind of improvement will last two to three months.

I don't quite get you,
Your saying, we are in a bull run but the bears will stop soon! If am to go by your statement, I means we are still very much on the bear market an that is what it is. We are not in the bull as you earlier proposed. The market for this bear season dipped at $17k and with the market now around $23k being a $6k difference, that's not much which means, we are still in the bearish zone. If you get to look at the ATH around $65k+ you would agree more that the bears have still got the market and the bulls haven't go much momentum to push for a bullrun.

It makes sense, because this is only a recovery but there could be another fall that could make the current condition worse.
Indeed, in this case, their increase from the initial $ 17k until now is quite good, but that does not mean this will be bullish because there could be other possibilities regarding some conditions which require them to drop further down later.
We have to stay alert, this is still like a rollercoaster that can go up or down at any time so don't get too complacent about this now.

[Fatunad]

The crypto market is currently in a bull market, and of course the bear market will stop for a while. And popular altcoins are also experiencing price increases. We hope this will continue. Even the price of Bitcoin has reached $ 24k, maybe in this week it can reach $ 25k. Usually this kind of improvement will last two to three months.

I don't quite get you,
Your saying, we are in a bull run but the bears will stop soon! If am to go by your statement, I means we are still very much on the bear market an that is what it is. We are not in the bull as you earlier proposed. The market for this bear season dipped at $17k and with the market now around $23k being a $6k difference, that's not much which means, we are still in the bearish zone. If you get to look at the ATH around $65k+ you would agree more that the bears have still got the market and the bulls haven't go much momentum to push for a bullrun.

It makes sense, because this is only a recovery but there could be another fall that could make the current condition worse.
Indeed, in this case, their increase from the initial $ 17k until now is quite good, but that does not mean this will be bullish because there could be other possibilities regarding some conditions which require them to drop further down later.
We have to stay alert, this is still like a rollercoaster that can go up or down at any time so don't get too complacent about this now.

When people do see these increasing moments then they would really be molding up that kind of impression that this might be already the bull run that we are really all waiting for which is really very wrong.
Come to mind that we do have that ordinary days where volatileness could move out 2-5-10% a day without having any news or significant sentiments in the market or just purely move on random
and this is why its really hard to make out some conclusive approach due into this behavior or Bitcoin or crypto as a whole. Bottom is gone? Dont make yourself that too confident
because price could make out some hard correction or dump which we dont know whether it would happen or not in next minute.

[MoonOfLife]

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

The crypto market is currently in a bull market, and of course the bear market will stop for a while. And popular altcoins are also experiencing price increases. We hope this will continue. Even the price of Bitcoin has reached $ 24k, maybe in this week it can reach $ 25k. Usually this kind of improvement will last two to three months.

Even if bitcoin hits $25k and can hit $30k, it still can't say we're in bull season, bear season isn't over yet. What is happening is just a short term bull run, don't let the market fool you, as there is a good chance that after the bitcoin bull run, there will be a correction afterward. I predict after this rally bitcoin will correct below $20k again but there will be no new bottom.

[Lubang Bawah]

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

The crypto market is currently in a bull market, and of course the bear market will stop for a while. And popular altcoins are also experiencing price increases. We hope this will continue. Even the price of Bitcoin has reached $ 24k, maybe in this week it can reach $ 25k. Usually this kind of improvement will last two to three months.

Even if bitcoin hits $25k and can hit $30k, it still can't say we're in bull season, bear season isn't over yet. What is happening is just a short term bull run, don't let the market fool you, as there is a good chance that after the bitcoin bull run, there will be a correction afterward. I predict after this rally bitcoin will correct below $20k again but there will be no new bottom.

The movement of bitcoin is of course difficult to predict, when we are too optimistic that the price will continue to rise what will happen is the opposite, just like what happened at the end of 2021 when the price reached $ 69k made me excited to buy because many believed the price would soon touch $ 100k, unfortunately the price continued down until the end of 2022 to reach the lowest level of $ 15k, under any conditions, of course we must be vigilant, if there is a daily change of more than 5% then take action immediately.

[michellee]

Even if bitcoin hits $25k and can hit $30k, it still can't say we're in bull season, bear season isn't over yet. What is happening is just a short term bull run, don't let the market fool you, as there is a good chance that after the bitcoin bull run, there will be a correction afterward. I predict after this rally bitcoin will correct below $20k again but there will be no new bottom.

That's because if the price is still at $25k to $30k, it is still lower than the last ATH so it can't be called a bullish season yet but it was the recovery phase of the market before getting a bull run. But even so, we can be happy because, in the end, the price of bitcoin can start to increase slowly, and if the bull run moment returns this year, which makes the price return to around the last ATH price, it will only be a matter of time until the bull run comes. Hopefully, no more lows below $20k and the bitcoin price can stay above $20k for the bottom.

[taufik123]

The movement of bitcoin is of course difficult to predict, when we are too optimistic that the price will continue to rise what will happen is the opposite, just like what happened at the end of 2021 when the price reached $ 69k made me excited to buy because many believed the price would soon touch $ 100k, unfortunately the price continued down until the end of 2022 to reach the lowest level of $ 15k, under any conditions, of course we must be vigilant, if there is a daily change of more than 5% then take action immediately.

When you are too optimistic and expect the price to continue rising, even though the price has reached the upper threshold, or is already Overbought (RSI value exceeds 70) it is a sign that the market is getting saturated and it's time for a correction.


When you decide to buy at $69k which is the highest price, it's just a push of FOMO that happens that the market is going to reach $100k.
But in reality, you fall into the trap.

You can't just rely on trust, but you need to look at the chart whether the market is getting saturated or not.

That's because if the price is still at $25k to $30k, it is still lower than the last ATH so it can't be called a bullish season yet but it was the recovery phase of the market before getting a bull run. But even so, we can be happy because, in the end, the price of bitcoin can start to increase slowly, and if the bull run moment returns this year, which makes the price return to around the last ATH price, it will only be a matter of time until the bull run comes. Hopefully, no more lows below $20k and the bitcoin price can stay above $20k for the bottom.

Bitcoin price is still stable above $ 20k and yesterday touched $ 24k.
Hoping it will continue to improve, But a correction is sure to occur and some FUD will start to appear to influence the market.

Whales will not stay silent, they will manipulate the market and take advantage of every manipulation that is done.
A slow recovery is needed to build up volume to be able to reach higher prices.

When the bitcoin price reached its last ATH in the last year, then there is an opportunity to start reaching a new ATH because FOMO will occur and everyone starts to believe ATh $100k will be reached.

[rodskee]

Very happy because today bitcoin rising again and almost touches $ 24k, although there is now a small decline but still in a good range of $ 23700, I am optimistic that in 2023 it will rise again like 2021 or maybe better, hopefully there are no big cases anymore which made panic like 2022.

but till today , this very moment? stays ALMOST 24k , meaning we are far from extending the increase at least another week or this whole month?
though we all believe that bottom is gone but we are waiting for When is the increase completely happening and not just like this that we are almost blind to what will truly come.

[Sayeds56]

Hello,

My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion

and daily chart is looking bullish according to technicals with high volume

https://ibb.co/HhJdtvJ

tell me if i am wrong or right experts

I think it is too early to conclude that bear market for Bitcoin is over and that it has entered in Bullish phase. The interest rate increase of only 25 basis points was a good stimulant for the market but it failed to push the price above 25K,although  it briefly pushed the price above 24K but quickly retreated. It is stable above 23K which is a good sign.Technically , although it is trading above DMA20 but it should break 25k and show sustained growth  on weekly chart, to confirm bullish trend.

[Z390]

Very happy because today bitcoin rising again and almost touches $ 24k, although there is now a small decline but still in a good range of $ 23700, I am optimistic that in 2023 it will rise again like 2021 or maybe better, hopefully there are no big cases anymore which made panic like 2022.

but till today , this very moment? stays ALMOST 24k , meaning we are far from extending the increase at least another week or this whole month?
though we all believe that bottom is gone but we are waiting for When is the increase completely happening and not just like this that we are almost blind to what will truly come.

Aren't we suppose to start seeing sideway movement before we shot up in the sky? I believe sideways should happen first and that's my indication that we are out of the woods already, right now all we can do is wait and watch carefully, and the safest plan is to be ready for any possible dips, store some USD and keep doing DCA just in case.

[virasog]

Very happy because today bitcoin rising again and almost touches $ 24k, although there is now a small decline but still in a good range of $ 23700, I am optimistic that in 2023 it will rise again like 2021 or maybe better, hopefully there are no big cases anymore which made panic like 2022.

but till today , this very moment? stays ALMOST 24k , meaning we are far from extending the increase at least another week or this whole month?
though we all believe that bottom is gone but we are waiting for When is the increase completely happening and not just like this that we are almost blind to what will truly come.

Looking at the fundamentals, it seems that we have seen the bitcoin bottom and we may never go below 20,000$. Also, i still want to see bitcoin over 25K and stay above that level for over a week.

Any negative news can still make market dump but i think it is very difficult to see bitcoin again in the range of 15K-17K. By the way, if bottom is in, this means we are now heading towards all time high but it may take few months to year to reach all time high for bitcoin.

[stadus]

...
tell me if i am wrong or right experts

Even experts can't tell what will happen in the coming days but what we only have is market assumptions.
It was the majority believes that the bottom is already done but not the bear season as we are still too far from getting passed of it. What we have experience since the past two weeks of incline, it was something a good indications that we are recovering slowly. Though it wasn't really satisfying, at least we have the seen the market price moves high a little bet making people breath as well.

[Ludmilla_rose1995]

I am not very familiar with technical analysis but I also think that the bottom of the bitcoin price has passed and we will no longer see $17k worth of bitcoin. those who still hold the bitcoin they have must be very happy right now because their faith in bitcoin is paying off, soon we will see a new ATH from bitcoin.

[Yamifoud]

I am not very familiar with technical analysis but I also think that the bottom of the bitcoin price has passed and we will no longer see $17k worth of bitcoin. those who still hold the bitcoin they have must be very happy right now because their faith in bitcoin is paying off, soon we will see a new ATH from bitcoin.

I understand, in fact, not all are good at TA but I think by just looking at the market trend it seems easy to speculate the market and could literally think that we are moving high. However, it was too early to think about ATH, and not even sure that after halving will come to that situation again. Yet, we remain optimistic about the future because even though it won't reach $70,000 or $60,000 again, at least we see that Bitcoin couldn't just also stay below $20,000 as well.

[erep]

Even experts can't tell what will happen in the coming days but what we only have is market assumptions.
It was the majority believes that the bottom is already done but not the bear season as we are still too far from getting passed of it. What we have experience since the past two weeks of incline, it was something a good indications that we are recovering slowly. Though it wasn't really satisfying, at least we have the seen the market price moves high a little bet making people breath as well.

The market has experienced a significant increase in January so it's only natural that in the following month the market will experience a correction but hold on to support above $ 20k, I have predicted in early February the market will fall and it is possible that if future support has the potential to rise above $ 25k then the market will certainly recover above $35k to $40k till the middle of this year, so we expect no FUD to drop the market price and the market should be optimistic for another bull run.

[Unbunplease]

If you follow the statistics of previous bear cycles, the bottom has already been passed. Of course, if everything repeats itself. However, it is hard to say whether bitcoin will repeat previous scenarios. Many people - myself included - were waiting for the final rise in December 2021 and a full-fledged alt-season... But bitcoin did not repeat 2013 and 2017. Things change...

[Mahanton]

If you follow the statistics of previous bear cycles, the bottom has already been passed. Of course, if everything repeats itself. However, it is hard to say whether bitcoin will repeat previous scenarios. Many people - myself included - were waiting for the final rise in December 2021 and a full-fledged alt-season... But bitcoin did not repeat 2013 and 2017. Things change...

Basing up on history or into those past events then we could really make out some patterns but not something that you could rely or make yourself that assured that it would be happening again.
Im not really removing that kind of thinking and not making myself that confident when it comes to concluding that we are already that in the bottom or the bottom is gone.
Come to look with the current price movement on which it is really that something in playing around 22-24k almost which people been already eyeing on breaking the 25k
but it didnt really happen.We are really making some sideways movement but it isnt really that bad to snip out something out of these movements.

[romero121]

We can't be sure on it. The market being volatile could drive the price in any direction. For now we experience the bullish move with minor fluctuations. The price that had similar market variation around $17k is happening around $23k. This is nothing different from the previous market scenario. Crossing barriers will give the resistance to push higher.

[Pejoh Asu]

On the internet there are many influencers who say that the market will experience red again and may return to a position like late last year, namely the $ 22k level. This 3-day price movement is certainly an indication that we must be vigilant if bad conditions occur again, and it is natural if we say that bottom is not over.

[fzkto]

On the internet there are many influencers who say that the market will experience red again and may return to a position like late last year, namely the $ 22k level. This 3-day price movement is certainly an indication that we must be vigilant if bad conditions occur again, and it is natural if we say that bottom is not over.

Usually these influential people say one thing and the opposite happens. I would listen less to charlatans and especially not look at opinions from Twitter. Better to think with your own head, for example, that the whole of last year was red. The annual candle is red, all four quarters are red too. The fall will not last forever and one can miss the train waiting for a new bottom.

[Pierre 2]

I am terrible at technical analysis besides I can easily check macd and rsi values. I feel like Bitcoin s bottom could be as low as 9-10k dollars but I was proven wrong. Bulls never allowed bears to pull price down. Guess Bitcoin won't retest 15k levels anymore. Its most probably sure now. I bought some amount of Bitcoin already but I wasn't be able to buy more. I felt worried scared. Maybe I will regret my decision.

[Getmon]

Because bitcoin in particular is still volatile, anything is possible. We will never know what the next bitcoin movement will be. However, assuming I am biased in my opinion, I think we reached our lowest point already. Bitcoin might fall once more, but perhaps only to $20,000. Bitcoin was predicted to fall as low as $10,000 in the past, but that is looking unlikely now. Those who regularly add to their bitcoin stash, on the other hand, stand to benefit from any increase or decrease in the price of the bitcoin.

[Mpamaegbu]

tell me if i am wrong or right experts

Well, this thread was opened about four weeks ago and from hindsight I'm sure you would've discovered if what you thought was a bottom then was actually what it was by now. The worse anyone can do is to tell you of a certitude that here's where the bottom or top is or should be while price is still active. However, from what I see it's looking like price is on the upscale. Even if it bounces off to break support, it won't dip that much to cause another scare like what happened during the FTT saga late last year.

[STT]

Action so far in Feb is pretty good, we're in a range but BTC price action is currently trying to regain the weekly average.    Just tracking in this upper range bodes well for further positive action, if we did not hold this higher range then I would presume it takes at least all of Feb just to explore prior action in the recovery since the 1yr bottom price.   
   To believe the bottom pricing is in the past requires that we keep making higher lows in some consistent way though the daily action can be wiry its clearer further out which so far is how we have proceeded roughly.
     23.4k and above would be nice to see at this point.

[Oilacris]

tell me if i am wrong or right experts

Well, this thread was opened about four weeks ago and from hindsight I'm sure you would've discovered if what you thought was a bottom then was actually what it was by now. The worse anyone can do is to tell you of a certitude that here's where the bottom or top is or should be while price is still active. However, from what I see it's looking like price is on the upscale. Even if it bounces off to break support, it won't dip that much to cause another scare like what happened during the FTT saga late last year.

There's no way on pointing out and this do proves out on how you do really see this market moves and you would really be able to realize that finding out the bottom isnt something that you could easily deal with.Bottom is always possible and there's no way to point out whether we are already that over when it comes to bearish or bullish trend in the market.There's no way on finding out
and this is why people would be making out their analysis via technical approach.

Never ever make yourself that get convinced that bottom is gone.Its always lying out there, it is really just needing that those triggers specially with some Fuds which would
really make out some significant effects if it kicks in.

[kawetsriyanto]

Never ever make yourself that get convinced that bottom is gone.Its always lying out there, it is really just needing that those triggers specially with some Fuds which would really make out some significant effects if it kicks in.

Dude, why people can't think about the "bottom"?
Sure, the bottom is there, but people are always curious whether it has been passed or not. IMO, nothing wrong that people are trying to know it in certain ways. I am also trying to know where the bottom is, and I concluded the bottom was in the last year. So, I feel confident about this year, it should be better than the last year. I assume we have the bullrun season in 2024-2025, ideally 2023 crypto prices begin to increase gradually. It doesn't make sense if we never go out from the bottom zone. 

[rodskee]

Very happy because today bitcoin rising again and almost touches $ 24k, although there is now a small decline but still in a good range of $ 23700, I am optimistic that in 2023 it will rise again like 2021 or maybe better, hopefully there are no big cases anymore which made panic like 2022.

but till today , this very moment? stays ALMOST 24k , meaning we are far from extending the increase at least another week or this whole month?
though we all believe that bottom is gone but we are waiting for When is the increase completely happening and not just like this that we are almost blind to what will truly come.

Aren't we suppose to start seeing sideway movement before we shot up in the sky? I believe sideways should happen first and that's my indication that we are out of the woods already, right now all we can do is wait and watch carefully, and the safest plan is to be ready for any possible dips, store some USD and keep doing DCA just in case.

have not we seen so much sideways before this year? And also there are so much dumping happened from start of 2022 and up to the end so maybe its time to feel safer as the value stays 20k and above and staying strong now.
and another thing here is that  after breaking 24k? I believe that this will be an increase we wanna see for the whole quarter.

[Joshapat]

Very happy because today bitcoin rising again and almost touches $ 24k, although there is now a small decline but still in a good range of $ 23700, I am optimistic that in 2023 it will rise again like 2021 or maybe better, hopefully there are no big cases anymore which made panic like 2022.

but till today , this very moment? stays ALMOST 24k , meaning we are far from extending the increase at least another week or this whole month?
though we all believe that bottom is gone but we are waiting for When is the increase completely happening and not just like this that we are almost blind to what will truly come.

The last 3 days the price looks stable at the level of $ 22600, and today it rises again reaching $ 23k, it's worth waiting for a surprise in the first 3 months of this year, if the market rising then we believe that 2023 will skyrocket or recovery, if the price is still cheap maybe this is a sign that we have to buy more.

[19Nov16]

At least we deserve to be optimistic because the price trend continues to improve since 2023, it is natural that more and more people panic to buy because it has the opportunity to skyrocket, I'm sure if in 2023 can pass ATH in 2021 so that we can get big profits, don't be too easy to selling, it's better to continue buying because we will get a surprise in the market in the present year.

[TravelMug]

At least we deserve to be optimistic because the price trend continues to improve since 2023, it is natural that more and more people panic to buy because it has the opportunity to skyrocket, I'm sure if in 2023 can pass ATH in 2021 so that we can get big profits, don't be too easy to selling, it's better to continue buying because we will get a surprise in the market in the present year.

That's the best we can do right, just stay focus on our accumulation and buying while they are cheap. We don't need to panic or what or sell at the current price. We need to be optimistic and look for the long term.

And it's probably the best investment advise that we all can take.

The ATH will eventually happen, but it's around 2024, when the block halving is complete and the supply is dwindling.