BTC bulls back?

[Dickiy]

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

I am not sure about the position of this market, many say that this is a trap and many say that now the Bull run is scheduled earlier.
But I didn't really pay attention to that, because I was just waiting for the timetable to continue my DCA this month to find the right price.
I'm only looking to accumulate long term, even though I'm quite interested in the price increase, but it seems I'm still going strong for DCA no matter what.
If this is a trap I'd be more than happy to wait for a price drop to add to my bitcoin portfolio.

[Yatsan]

I'm not sure if it is a bull trap but I do think that this is not  a bullish trend. One reason is that there is no concrete cause of the price increase other than what CIP have reported. This could just be a hype up but atleast, we saw one. Given that the market price suffered and struggled for a couple of months, it is nice seeing such thing because it simply shows that there is still hope given that many investors were discourage of the negative market behavior from the past few months.

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

I am not sure about the position of this market, many say that this is a trap and many say that now the Bull run is scheduled earlier.
But I didn't really pay attention to that, because I was just waiting for the timetable to continue my DCA this month to find the right price.
I'm only looking to accumulate long term, even though I'm quite interested in the price increase, but it seems I'm still going strong for DCA no matter what.
If this is a trap I'd be more than happy to wait for a price drop to add to my bitcoin portfolio.

The increase is more expected in 2024 regarding the anticipated Bitcoin halving. We may see spikes such as with what we have seen lately, as this year continues. As investors, we should really be taking advantage of the market behavior but we should not be too carried away by it given that this industry is way unpredictable.

[GeorgeJohn]

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

I never taught of that, i knew that Bitcoin will have another shape in the market, because what determines the increment of Bitcoin is the turn up of the market by the people. So therefore bitcoin going up this time is not surprising, i believe that Bitcoin will definitely increase but it will get to a point that the price will be stabilized or depreciates, let us not assume that the price will continue to accelerate for now.

[Emitdama]

It takes longer to conclude if the bull is back. If Bitcoin continues behaving like it has been doing since days ago for a month, we will have a better comprehension of the market in the sense it's getting bullish again. However, if prices just stuck at currently range, it can't be considered the bearish tendency was totally reverted, even though it's a decent booster of confidence and optimism for investors to have BTC strong at 21,000$ zone.

We can't tell if it's really long. Don't forget that Bitcoin can do some really quick pumps too so we may be at $40k to $50k just before we end this month and I think that was safe to say that we are now at the bull run because when those high price are hit, the price will likely go for more increases, not like to when there is only a small recovery because the price will then fall down just like on what we have last time so people shouldn't be too optimistic for a small gain that we have lately which will then lead us to adding more coins because there is a chance that it was only a trap prepared by the whales and we will only lose instantly.

[Why you bully me]

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

I am not sure about the position of this market, many say that this is a trap and many say that now the Bull run is scheduled earlier.
But I didn't really pay attention to that, because I was just waiting for the timetable to continue my DCA this month to find the right price.
I'm only looking to accumulate long term, even though I'm quite interested in the price increase, but it seems I'm still going strong for DCA no matter what.
If this is a trap I'd be more than happy to wait for a price drop to add to my bitcoin portfolio.

Are you waiting like me then :3?

[Why you bully me]

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

Why listening others opinion mate? Analyse yourself the market. If you see the past year patterns of Bitcoins, then this year Bitcoins are bound to go up. So yes there are high chances that BTC will go up this year. If you are waiting for more cheap price to buy the Bitcoins, then definitely you will miss the golden chance of acquiring Bitcoins. As seeing the current growth, I don’t think BTC will fall in price any soon. So if possible buy as many Bitcoins as you can now, and hold for 3-4 months. Then definitely you will see great profits in your wallet.

I like to see what other people think :3

[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.

[Kemarit]

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.

[bitterguy28]

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.

[ilovealtcoins]

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

I believe this is a price trap, as I believe history will repeat itself, bitcoin will only go up and reach ATH after the halving. Besides, along with the world economic situation has not improved much, so it is not possible to expect a bull market this year. I still expect bitcoin to fall back soon and possibly hit a new bottom, which would be a good thing.

[davis196]

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

1.Your forum nickname is weird. Who is bullying you?
2.The recent price spike is temporary. We will be witnessing many price pumps and drops during the crypto winter. I wouldn't call it a "bull trap" because the serious bulls haven't started buying yet. This definitely isn't true price recovery, because there isn't such thing as "price recovery". The current price is what the market wants, because it balances the current market levels of supply and demand.
The ATHs in the past were a result of FOMO price bubbles. I'm sure that there will be more FOMO price bubbles in the future.

[fzkto]

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.

The price is now in the former 16-21k range. Therefore, it cannot be said that the bears have gone or the bulls have come. Maybe next week, after the official Genesis bankruptcy, bitcoin will fall back to the support line. Alternatively, if the market does not react to these events, the price could break through 21k. If that happens, we could be talking about the start of a local bullish season.

[EarnOnVictor]

2022 was a bad year for Bitcoin, I would not expect it to continue in 2023, especially at a time when the inflation graph does not have an upward pointer anymore. Inflation aggravated last year, and no thanks to the Russia-Ukraine war that lingers, but the world government are doing all in their capacity to subside the situation.

That said, I was very patient for the year 2023 to start before speculating, and it was easy to see a bullish trend since the first week of the year. And as a fact, a long-term bullish trend has been active, I hope it does not know below $16,000 again in the first quarter of the year.

[DaNNy001]

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.

[Wapfika]

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

Forr sure bulls is already back because there will be no huge volume to drive the price up without them. Retail trader is too afraid to purchase before this rally occured so I'm sure they are behind this. The important question is until what price they will continue buying because there's a lot of institutional investors stuck on high price and probably will take profit or cut-loss if they will be given another chance. There is no guarantee that this kind of bullrun will be on long term due to it's quick pump behaviour. Real bullrun typically moves in parabolic pattern with steady growth. We didn't even made a double or multiple bottom as basis for a reversal on the general trend of the market. Using a long time frame to view the price action is the best basis to determine if this is a real bullrun.

[bitzizzix]

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.

[sana54210]

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.

Inflation was the reason why it went up, if inflation goes down, the price of bitcoin goes down which is exactly what happened in the past year. The reason why 2022 was such a bad year was that FED increase the interest rates, and that is why the inflation slowed down, and the price of bitcoin dropped and the value of dollar got higher. So if the inflation is dropping down, the value of bitcoin can't go up, and that can't be the reason.

The reason why bulls are coming back is the fact that FED started not to increase the interest rates all that higher, and that means we are talking about a situation where people end up with putting their money in the banks but less and less now, meaning more money available to put into bitcoin.

[TravelMug]

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.

Inflation was the reason why it went up, if inflation goes down, the price of bitcoin goes down which is exactly what happened in the past year. The reason why 2022 was such a bad year was that FED increase the interest rates, and that is why the inflation slowed down, and the price of bitcoin dropped and the value of dollar got higher. So if the inflation is dropping down, the value of bitcoin can't go up, and that can't be the reason.

The reason why bulls are coming back is the fact that FED started not to increase the interest rates all that higher, and that means we are talking about a situation where people end up with putting their money in the banks but less and less now, meaning more money available to put into bitcoin.

Yes, that is one reason why the price is climbing very fast, have you seen it today? it just passed $23k?

I guess with this good news, investors are willing to go back and invest their money now because they know that the economy is on the road to recovery. So let's hope that this positive outlook by the investors will continue, not just for crypto, but for stocks and other assets as well. Because we all know that this markets are connected to each other. So if one market goes on a uptick, the others will soon follow.

[Zanab247]

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.

[Don Pedro Dinero]

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.