BTC bulls back?

[GreatArkansas]

I don't think it's a question of the Bulls being back, it's a question of us getting back to normal. If you look at the history of bitcoin, its trend, and the halvings, last year we fell too much due to leverage exploding and scams like FTX affecting the whole crypto ecosystem.
(.....)

These are good things about a bear market for me, market cleaning the market like eliminating frauds or scams, and after that market is back again.
So for me, what we are experiencing right now is a pullback from the last quarter of 2022, where we experienced a bloody market.
For me, I am not still bullish for now, I am looking for wider, higher timeframes.

[bestcoins1]

Yes, is a bull trap OP because, the price BTC is changing gradually to allow those that never buy BTC to buy before the price will return back to $55k soon. Many people used last year to prepared themselves for 2023 because, they believed that this year will be more profitable than last year that made bear market took over the market through out the year. I guess, many people will surely use this bull season that is about to start in the market to recover from their losses they experienced few months ago in the community.

Why should the increase in January be considered a bull trap? Which I personally never even thought about a pitfall in Bitcoin. Everyone including you can see for yourself how Bitcoin has increased this month which even today has penetrated $ 23K +. Isn't this what those who want to recover the losses that have occurred last year really hope for?

I don't understand how other people think the increase now is a trap, but every time Bitcoin goes down a large size, the recovery will also be bigger even if it happens slowly and gradually. So I think there is no need to see this increase as a trap because it will only make everyone pessimistic about Bitcoin.

[Getmon]

This price is exactly the same as it was before the FTX scam went bust. Therefore, the current behavior of the market is not indicative of being bullish but a turnaround of its normal price back then. However, I will be convinced that we are in a bullish market if this rapid price growth of bitcoin continues for several months. Regardless, I believe it is safer to assume that the bulls will not return to action until the following year. As a result, now is another good time to buy bitcoins because they are still cheap.

[Taskford]

This price is exactly the same as it was before the FTX scam went bust. Therefore, the current behavior of the market is not indicative of being bullish but a turnaround of its normal price back then. However, I will be convinced that we are in a bullish market if this rapid price growth of bitcoin continues for several months. Regardless, I believe it is safer to assume that the bulls will not return to action until the following year. As a result, now is another good time to buy bitcoins because they are still cheap.

This is indicative of being in bull when constant upper market movement still continue to happen. But its early to say anything about bullish condition since the leap is not big yet so maybe we can still say that this is just a recovery after dump happens. If price would reach to $30k maybe we can actually conclude that bullish season happen since for sure many people hype up on this condition since FOMO will possibly happen to other people here.

[maydna]

Even though this is a bull trap, we are seeing the price rise to $21k and on its way to $22k. And whether it will achieve today, tomorrow, or even the day after tomorrow, our profits will increase. But some say that this time is a bull trap coming. And after this, the price will go down again. Whether it is a bull trap or a real uptick in bitcoin, we must remain vigilant and not let our guard down because anything can happen. It is also possible that now is the recovery phase for bitcoin before it jumps to the last ATH and creates a new ATH.

If that is the case then we can't call this a bull trap anymore as the price continue to go up. We have seen it go as high as $21,500 in the last 2 days and I thought it will continue to go to $22,000.

But some minor correction but then again we are back to $21,000.

So doesn't look like bull trap, on the other hand, it could be a bullish run, and the next stop could be $25,000. ATH though could be around 2024-2025 and not this year. We still need for the catalyst to happen, and that is the block halvening.

But a bull trap could happen, and we are still determining what will happen to bitcoin. But we were lucky to see bitcoin finally at $22k. It looks like $23k will break through in a few hours if there is any push to go higher.

Yes, the correction happened yesterday, and there will still be another correction during bitcoin's journey to the last ATH, so prepare yourself.

Hopefully, the bull trap doesn't happen, and it will just be a bull run until it reaches the last ATH. And hopefully, the next ATH will occur in 2024 tomorrow.

Even though this is a bull trap, we are seeing the price rise to $21k and on its way to $22k. And whether it will achieve today, tomorrow, or even the day after tomorrow, our profits will increase. But some say that this time is a bull trap coming. And after this, the price will go down again. Whether it is a bull trap or a real uptick in bitcoin, we must remain vigilant and not let our guard down because anything can happen. It is also possible that now is the recovery phase for bitcoin before it jumps to the last ATH and creates a new ATH.

but it stopped climbing 22k instead falling now to 20k again and still lowering , and also while you already admitted this as Bull trap then surely you have idea what to do in the coming days? yeah it is hard to listen to the market when it is showing it this way.
ATH will be there in the year or two but for now be pleased that we had this small run recently and afford to gain something like 20% before dumping again.

I can only be prepared for all the possibilities that could happen later. If this is a bull trap, I will prepare the money to buy bitcoins because it is a good moment to accumulate bitcoins. I hope no big dump will happen because that will also create panic in the market, and people will come back to worry again. But the price will continue to go up as the correction seems to be over.

Even though this is a bull trap, we are seeing the price rise to $21k and on its way to $22k. And whether it will achieve today, tomorrow, or even the day after tomorrow, our profits will increase. But some say that this time is a bull trap coming. And after this, the price will go down again. Whether it is a bull trap or a real uptick in bitcoin, we must remain vigilant and not let our guard down because anything can happen. It is also possible that now is the recovery phase for bitcoin before it jumps to the last ATH and creates a new ATH.

This price hike is actually win - win situation for some individuals that are ready to utilize it. Everyone keeps saying that the sudden rise in the price of bitcoin is a trap but I don't see it that way,  you are the one with the investment you can choose to collect the additional profit in your investment due to the price rise or you can just wait and hold till a major bull run is experienced which can eventually lead to ATH but no ones know when that's gonna happen, everyone is speculating its going to be 2024 and this sudden rise is the starting of recovery for bitcoin towards its expected and speculated bull run.

Long-term holders don't really think about current price conditions because their target is still far in the future. But for some people, this is a blessing because they can sell their bitcoins for a profit and buy more bitcoins when the price goes down. And if the market conditions like that continue, they can get more profit. New ATH speculation has been circulating on social media more and more, and we have to be careful with that speculation so that we can analyze the price to sell bitcoin.

[|MINER|]

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My answer will be for your question is that we cannot give 100% guarantee on it that it's a bull trap or a initial step of Bullrun. Because even in August 2022, the price of Bitcoin went above 24000 Us dollars, since after that a big down was seen again, so there is no guarantee that it will not happen again this time. But since the next halving is going to happen in 2024, it may be a signal of recovery. But my personal opinion would be to keep the market under observation for a few more days and take the risk of investment because 2024 is still almost a year away.

[fzkto]

I don't think it's a question of the Bulls being back, it's a question of us getting back to normal. If you look at the history of bitcoin, its trend, and the halvings, last year we fell too much due to leverage exploding and scams like FTX affecting the whole crypto ecosystem.

Being at 20-something thousand USD at this point is the least we could expect.

Usually at the weekend for some reason the pressure of sellers on bitcoin was weakened, maybe that's why we are now seeing growth. But from next week a lot of events related to finances and bankruptcy of some companies are predicted, so maybe they raised the price now on purpose to sell more expensive next week.

[dezoel]

I think this is because of inflation, and inflation is a general increase in the price of goods and services in a country at this time, the inflation data in the United States shows a decrease which has an impact on the increase in the price of bitcoin and the value of the dollar weakens.
But keep in mind that this does not guarantee that bitcoin will experience a significant increase in the future, because The Fed (Central Bank of the United States) will release inflation data again on February 1, 2023.
therefore, it is also necessary to pay attention to the latest data to be released by the Fed, and to be able to predict bitcoin price movements more accurately.
and another reason maybe because there are many new investors or users who don't want to be left behind or FOMO, but the increase that occurs will make many people believe in bitcoin even though there will always be a decrease. And this is what will scare those who end up panicking when the downturn comes back, and they should know because bitcoin is going to be much more profitable in the long run and it's the best option.

If a decrease in the rate of the inflation means a decrease in the price of the goods then cryptos must also be decreasing now and not rising because cryptos can also be considered as a goods but there are still other possible reasons for the increase that we feel lately.

A few of them would be the exposure of BTC in the miss universe pageant and then the authorities have recovered 5 billion dollars worth of crypto to SBF. I might miss something but you guys can follow it up. A decrease in the rate of the inflation is still a good thing for us if we are talking about the life outside. At last or at least, people can now feel a little relief even if it won't last a long time.

[STT]

People forget the price can never really stay simple or it would be handing out free money in some way.   Its a slippery snake that arcs back on itself often, we will not go down continually in a simple way.   If we only went down we could all just get rich with a leveraged short, easy money.   Too easy, the market overcooks itself even when going down and this unfolds.  
   We are up right now but dont have a doubt we will have future troubles and storms ahead, theres no way 2023 is pure bullish.   I wish it would be but the only real question is when we pull back, what is the quality of any pull-back the strength either side is not equal to numbers there is always some extra bias.

[CageMabok]

yeah and have just checked the market now seeing it staying at 23k and maybe I am wrong in my assumptions as the price truly continue climbing little by little each day.
looking for complete increase in the next couple of weeks as we are heading to the second month of the year.

At its highest price Bitcoin has risen to over $23K this month, but if you look at the market right now or at the moment. There seems to be a bit of a correction going on where there is a drop in price that is already over one percent, but this certainly won't worry everyone because big increases are always spiced up with corrections of very small sizes. And I hope that in the next five days Bitcoin can be at $ 24K before entering the second month of the year.

[Captain Corporate]

Having a it of a courage from this current situation is definitely a good thing for our future. Its not going to be enough to make it go up, just because we are hopeful about the future doesn't mean that we are going to profit from it, but it is a good step. We have always said that its quite important to have a long term investment in the crypto world to make some money, and that means we are getting closer and closer. Which is why I believe that having hope is better than last year, you could had some hope last year too, but would face a bad year, this year however it should be a lot better.

[bitterguy28]

yeah and have just checked the market now seeing it staying at 23k and maybe I am wrong in my assumptions as the price truly continue climbing little by little each day.
looking for complete increase in the next couple of weeks as we are heading to the second month of the year.

At its highest price Bitcoin has risen to over $23K this month, but if you look at the market right now or at the moment. There seems to be a bit of a correction going on where there is a drop in price that is already over one percent, but this certainly won't worry everyone because big increases are always spiced up with corrections of very small sizes. And I hope that in the next five days Bitcoin can be at $ 24K before entering the second month of the year.

I have been checking the market for the whole week , and since the price of bitcoin break 20k? correction continues to come every 1k increase so maybe this will happen till we reach 25 or 30k then that would be the finalization of my trust and will continue the holding but if there is a changes from 25(if bridges) then i will sell all of those and wait for the final dump .

[Reatim]

I was thinking BTC was going to be on a down hill mostly until near end of 2023. Do you believe this is a bull trap or true recovery for next bull is now here?

I would be interested to see what you people think and why.

:3

It is another Bull trapping mate but at least let us enjoy the prize of the bull we earned recently , and now it seems that the value is slowly dropping , it may continue to blow to 25k but I think that is the highest we can get this 2023 and waiting for 2024 to push the Bull back in the market and serve us all the profit we are looking.

Having a it of a courage from this current situation is definitely a good thing for our future. Its not going to be enough to make it go up, just because we are hopeful about the future doesn't mean that we are going to profit from it, but it is a good step. We have always said that its quite important to have a long term investment in the crypto world to make some money, and that means we are getting closer and closer. Which is why I believe that having hope is better than last year, you could had some hope last year too, but would face a bad year, this year however it should be a lot better.

we are near halving , at least more than a Year to happen so indeed that we can have to look for now as semi bull run and there will be some dumping in the next coming days but tolerable amount .

[kro55]

Yes, is a bull trap OP because, the price BTC is changing gradually to allow those that never buy BTC to buy before the price will return back to $55k soon. Many people used last year to prepared themselves for 2023 because, they believed that this year will be more profitable than last year that made bear market took over the market through out the year. I guess, many people will surely use this bull season that is about to start in the market to recover from their losses they experienced few months ago in the community.

Why should the increase in January be considered a bull trap? Which I personally never even thought about a pitfall in Bitcoin. Everyone including you can see for yourself how Bitcoin has increased this month which even today has penetrated $ 23K +. Isn't this what those who want to recover the losses that have occurred last year really hope for?

I don't understand how other people think the increase now is a trap, but every time Bitcoin goes down a large size, the recovery will also be bigger even if it happens slowly and gradually. So I think there is no need to see this increase as a trap because it will only make everyone pessimistic about Bitcoin.

It could be a trap or not, it's all just speculation. It is true that everyone expects bitcoin to recover, but there is nothing wrong with people suspecting this is a trap when they see bitcoin suddenly rise. Bitcoin rallied for no reason and without any news to push the price up, so it's no surprise that many are skeptical and cautious about this bull run. I'm still skeptical about this bull run, I can't say it's a trap, but I'm pretty confident saying we're still in bear season, we're not really out of bear season yet.

[pooya87]

It is another Bull trapping mate

Bull trap is not going to take almost 4 weeks and more than 43% rise! A trap is quick and a lot smaller than this and it definitely won't go above the strong resistances such as the $20k that we had.

In other words a bull trap would have been price going up to $19k and then dropping back down again. But when it crossed $20k the possibility of it being a bull trap vanished.

[Franctoshi]

The trend is your friend until it finished, we can't predict the market but we can react base on current market condition at a given time.
As traders and investors we should try to learn how to change our views with the changing market without sticking to what we think the market is gonna do, while things are starting to change.

The bottom line here is having seen Bitcoin starting to Break some important structural levels in the up direction of the market, is one positive sign.

Too, Bitcoin coming back to revisit those levels from which it took off $18k-16k ( confirmation), without breaking down to create another new low is another positive sign.

And lastly moving up to create another high, should tell you that the current Bear market has come to an end and a potential bull market has began.

So let's do the waiting game and allow Bitcoin to do its things and give us some proofs to actually confirm where it's heading to.

[yohananaomi]

Having a it of a courage from this current situation is definitely a good thing for our future. Its not going to be enough to make it go up, just because we are hopeful about the future doesn't mean that we are going to profit from it, but it is a good step. We have always said that its quite important to have a long term investment in the crypto world to make some money, and that means we are getting closer and closer. Which is why I believe that having hope is better than last year, you could had some hope last year too, but would face a bad year, this year however it should be a lot better.

it's true, having a long-term investment in crypto is a dream because certainty can already be seen and proof that in the past it has happened, where long-term investments always produce the best. but it's not that short-term investing is not good, it's still good if you really master it. but indeed, if you have more funds and don't want to think too hard about having to monitor all the time, long-term investment is highly recommended.
but I don't believe that this year will be any better compared to last year, because the crisis is not over yet and hopefully there will be faster economic recovery.

[pantek talacuik]

Having a it of a courage from this current situation is definitely a good thing for our future. Its not going to be enough to make it go up, just because we are hopeful about the future doesn't mean that we are going to profit from it, but it is a good step. We have always said that its quite important to have a long term investment in the crypto world to make some money, and that means we are getting closer and closer. Which is why I believe that having hope is better than last year, you could had some hope last year too, but would face a bad year, this year however it should be a lot better.

it's true, having a long-term investment in crypto is a dream because certainty can already be seen and proof that in the past it has happened, where long-term investments always produce the best. but it's not that short-term investing is not good, it's still good if you really master it. but indeed, if you have more funds and don't want to think too hard about having to monitor all the time, long-term investment is highly recommended.
but I don't believe that this year will be any better compared to last year, because the crisis is not over yet and hopefully there will be faster economic recovery.

Thats right, there will be two sides that you will get if you do that. if the long term will produce something big by looking at the next 10 years but if you can't be patient with all this then do a short term investment with hard thinking every day.

[Fundamentals Of]

That this is possibly a bull trap or a true recovery is 50:50. It could be either. Although that quick rise from $16,000 to more than $20,000 was notable, $20,000 is not really a level we could really call recovery. $20,000 doesn't signal that the bulls are coming. For all we know, we could be staying on this level for weeks and months to come. If that happens, I don't call it bullish. But if this rise in price would eventually reach beyond $30,000, then that's bullish.

[Pejoh Asu]

The market is currently unpredictable, many bitcoin speculators make strange movements, when many people think the price will drop what happens is the opposite, influencers on social media now mostly only have opinions so it's very difficult to be used as a guideline, and in my opinion the best thing with the current conditions is buy more then hold long term or already profit at least 100%.