BTC bulls back?

[bounceback]

Early February, of course many worried because prices will continue to decline, even a few days ago the price fell again to the level of $ 21K, but this week the rising price was more than 13% and made us sure if the bulls back again, today the price is approaching $ 25k And if you can touch $ 25K, the price will continue to rise.

Since january till now the bitcoin price has increased gradually and in that month we have seen bitcoin able to reach a price of $23k which was the highest price during its hike in january after bitcoin dropped to a low of $15k at the end of 2022 which is the lowest price for bitcoin, currently bitcoin is experiencing a positive uptrend and has made bitcoin able to reach $ 25k two days ago but unfortunately bitcoin was only able to last briefly in that area and was corrected again but if the current correction ends soon we will see the price of bitcoin rise again past the level $25k.

[Baofeng]

Early February, of course many worried because prices will continue to decline, even a few days ago the price fell again to the level of $ 21K, but this week the rising price was more than 13% and made us sure if the bulls back again, today the price is approaching $ 25k And if you can touch $ 25K, the price will continue to rise.

Since january till now the bitcoin price has increased gradually and in that month we have seen bitcoin able to reach a price of $23k which was the highest price during its hike in january after bitcoin dropped to a low of $15k at the end of 2022 which is the lowest price for bitcoin, currently bitcoin is experiencing a positive uptrend and has made bitcoin able to reach $ 25k two days ago but unfortunately bitcoin was only able to last briefly in that area and was corrected again but if the current correction ends soon we will see the price of bitcoin rise again past the level $25k.

Just in January alone, we have a huge jump of 43% and higher, so I'm not sure if that is gradual per definition. And this is one of the best month since 2013. And entering the 3rd week of February, not a great leap but still we are above $24k and have hit $25k before faltering and making a correction and then jumping back again. So yeah, $25k is the biggest barrier, but I do see that we are going to get and break that big mental barrier this February. The bullish momentum will continue from here and maybe in the next coming quarters. And with that speculation, I can say that the bitcoin bulls are back in our ecosystem and going to push the price even further.

[AnonBitCoiner]

I think that market in 2023 will not completely down and according to analysis there will slight dump and slight pump conditions. As we all faced the situations in previous two month there were pump at the start of the year and at the middle of January it persists for longer time but then market  in February it was somewhat dip in cost but now its optimum not too much low nor too much high.

About this year one cannot say that it will be higher or lower because this condition cannot be known because pump and dump do not persist longer.
The start of recent year was very beneficial for all those who make investment in previous year and now it is predicted that remaining months will be somewhat hard to make actual benefits as market is going to be more fluctuated.

[asrinur]

It's important to note that predicting the future price movements of BTC is highly complex and subject to many factors, including market sentiment, global economic conditions, regulatory changes, and more. Therefore, any statements about the status of BTC bulls should be taken as a general indication of sentiment and not a guarantee of future price movements.

[yohananaomi]

It's important to note that predicting the future price movements of BTC is highly complex and subject to many factors, including market sentiment, global economic conditions, regulatory changes, and more. Therefore, any statements about the status of BTC bulls should be taken as a general indication of sentiment and not a guarantee of future price movements.

it is true that many factors will affect the movement of bitcoin because it is inevitable that this will happen, everything that is very popular (like bitcoin) will always have that impact.
but it must also be remembered that the habit of bitcoin is to always repeat what has happened and like the halving period, there will also be repetitions where at that time bitcoin is indicated to increase sharply and will form a renewable ATH.

[Republikcoin.com]

It's important to note that predicting the future price movements of BTC is highly complex and subject to many factors, including market sentiment, global economic conditions, regulatory changes, and more. Therefore, any statements about the status of BTC bulls should be taken as a general indication of sentiment and not a guarantee of future price movements.

If statements of increasing prices such as bulls must be considered as a general sentiment, then falling prices must also be considered as the same general sentiment. Because the decline in the price of Bitcoin in the market is also difficult to know now, moreover, it is also often influenced by several factors that are currently happening so that investors sell their assets to secure their initial capital before they buy again after all conditions become normal.

[STT]

BTC is still a speculative asset to the majority of the market though there is a base line usage its likely to trade at a lower price purely on that alone.   Risk appetite retracting leads us back to the lows of 2022 excluding the FTX drama which arguably still remains a fake out.   19k I think is reasonable which is the autumn lows and similar pricing, thats the lower range now and I hope we can still track upto 25k or similar for a higher parallel to the lows.
   2023 will be a trading range type year, thats still more positive then the trend down of last year but its not the sunny skies some may have hoped for.

[peter0425]

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

once again it is dumping mate dropping from 25k now at 19k dollars value https://coinmarketcap.com/currencies/bitcoin/ and if this continue then maybe we will be seeing another bearish trend this coming of 2nd quarter and may the recovery is in 4th quarter again things that commonly happens.
hoping that this is just correction and we will be seeing this going through 30k .

[CryptoBuds]

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

once again it is dumping mate dropping from 25k now at 19k dollars value https://coinmarketcap.com/currencies/bitcoin/ and if this continue then maybe we will be seeing another bearish trend this coming of 2nd quarter and may the recovery is in 4th quarter again things that commonly happens.
hoping that this is just correction and we will be seeing this going through 30k .

Too many Fuds are spreading in the market. The US government seems to be looking to crack down on cryptocurrencies by attacking centralized exchanges, and recently, President Biden asked to increase taxes on electricity used to mine bitcoin and crypto. They are increasing the pressure to find ways to control and regulate this market. Inflation is still hitting our economy, and with the negative news in the market, it is hard to expect a rebound in bitcoin this year. We went from 16k to 24k and now we are starting to fall again.

[salad daging]

After many FUD scandals happened this is terrible where there was a lot of panic especially with the USDC issue which was having problems but in the end it was able to recover, now SVB is going bankrupt and this will be the collapse of the crypto market which has become a lot of speculation but now bitcoin is flying and has crossed the line $25K which previously only touched briefly but this time we see something quite significant recovery.

There is still a possibility of breaking through the $30k level in March it is still very much open for bitcoin.

Keep HODL bitcoin, if you want to take advantage please now. I'm still holding on

[DeathAngel]

Really impressive breakout in recent days. I wonder if the pump is people front running a good CPI announcement by the FED today.

$26,3xx was just hit & perhaps we go even higher today. One thing is for sure, bears are in disbelief. I hope we can soon confirm the end of the bear market.

[Kadal Ijo]

It's a nice day because today the price has skyrocketed by more than 17%, if we save in the bank then to get a bank interest of 17% in my country it takes 4 years, but with bitcoin 17% profit can be obtained in 24 hours, this is what makes bitcoin always attractive and worth a long term investment, but i wouldn't sell it now even 2 hours ago i bought it when the price was $25200.

[fzkto]

Really impressive breakout in recent days. I wonder if the pump is people front running a good CPI announcement by the FED today.

$26,3xx was just hit & perhaps we go even higher today. One thing is for sure, bears are in disbelief. I hope we can soon confirm the end of the bear market.

It looks to me more like a reversal and the start of a new trend in bitcoin. I saw something similar on the chart when Elon Musk started shilling crypto. Crazy candles like this, which occur more than one day in a row, could indicate good buying at "the bottom". Maybe I'm wrong of course. But bitcoin easily broke 25k resistance today.

[Smack That Ace]

It's a nice day because today the price has skyrocketed by more than 17%, if we save in the bank then to get a bank interest of 17% in my country it takes 4 years, but with bitcoin 17% profit can be obtained in 24 hours, this is what makes bitcoin always attractive and worth a long term investment, but i wouldn't sell it now even 2 hours ago i bought it when the price was $25200.

And what will happen to your money if you buy bitcoin at 69k, and compared to the current price, your asset value will lose 70%? You can't compare bitcoin investment with bank savings, it's a lame comparison, if you want to compare, it's fairer than mentioning the risk of both.

If you invest short term, buying at $25.2k is not a good price to make a profit. But if it's a long-term investment, it's not a bad price, as long as bitcoin hasn't surpassed the old ATH, then we can accumulate bitcoin anytime.

[$crypto$]

It's a nice day because today the price has skyrocketed by more than 17%, if we save in the bank then to get a bank interest of 17% in my country it takes 4 years, but with bitcoin 17% profit can be obtained in 24 hours, this is what makes bitcoin always attractive and worth a long term investment, but i wouldn't sell it now even 2 hours ago i bought it when the price was $25200.

And what will happen to your money if you buy bitcoin at 69k, and compared to the current price, your asset value will lose 70%? You can't compare bitcoin investment with bank savings, it's a lame comparison, if you want to compare, it's fairer than mentioning the risk of both.

If you invest short term, buying at $25.2k is not a good price to make a profit. But if it's a long-term investment, it's not a bad price, as long as bitcoin hasn't surpassed the old ATH, then we can accumulate bitcoin anytime.

Bank interest and the increase in bitcoin in comparison is unfair indeed because the risk is greater in bitcoin while the bank only maintains its stability so it's only natural that 17% requires 4 years in the bank because bank correlation is stability.

For me this is not a real increase, we will see bigger bullish than this, of course, who should we be for the long term, therefore buy defensively and keep bitcoin for a long time.
As many people have said recovery is happening.

[buwaytress]

Really impressive breakout in recent days. I wonder if the pump is people front running a good CPI announcement by the FED today.

Absolutely took me by surprise too. Not sure I see how any kind of good CPI could cause this kind of buoyancy, particularly with last week's Powell words, but I'll take this surge with some enthusiasm (because man we need some more days above 25k!).

Not that there's any credence to Fed these days but I think they have moved swiftly to stem the collapse of banks... even reassuring the public it doesn't come from taxpayer funds (heh).

It's a nice day because today the price has skyrocketed by more than 17%, if we save in the bank then to get a bank interest of 17% in my country it takes 4 years, but with bitcoin 17% profit can be obtained in 24 hours,

And what will happen to your money if you buy bitcoin at 69k, and compared to the current price, your asset value will lose 70%? You can't compare bitcoin investment with bank savings, it's a lame comparison, if you want to compare, it's fairer than mentioning the risk of both.

Gotta start recognising spam posts, man.

Many types, but this is the type that says they would buy/sell but in reality, they're just collecting shitcoins.

[Baofeng]

It's a nice day because today the price has skyrocketed by more than 17%, if we save in the bank then to get a bank interest of 17% in my country it takes 4 years, but with bitcoin 17% profit can be obtained in 24 hours, this is what makes bitcoin always attractive and worth a long term investment, but i wouldn't sell it now even 2 hours ago i bought it when the price was $25200.

Yeah, it was a big surprised seeing the price rally again, 13% and then 17% today, and we've seen it goes to $26,500. Unfortunately, it didn't hold up again, X times that when we reach $25k and up, their is a huge selling point.

Now we are back to $24,700, but hopefully the Asian market will push it enough to reach $25k again and they stay their for good and become our support line and not the resistance. That is the scenario that we all wanted to see this March and say that the bulls is really back in the market. Because it seems that the bears can instantly change the course, just like in the last 8 hours or so.

[Smack That Ace]

It's a nice day because today the price has skyrocketed by more than 17%, if we save in the bank then to get a bank interest of 17% in my country it takes 4 years, but with bitcoin 17% profit can be obtained in 24 hours, this is what makes bitcoin always attractive and worth a long term investment, but i wouldn't sell it now even 2 hours ago i bought it when the price was $25200.

And what will happen to your money if you buy bitcoin at 69k, and compared to the current price, your asset value will lose 70%? You can't compare bitcoin investment with bank savings, it's a lame comparison, if you want to compare, it's fairer than mentioning the risk of both.

If you invest short term, buying at $25.2k is not a good price to make a profit. But if it's a long-term investment, it's not a bad price, as long as bitcoin hasn't surpassed the old ATH, then we can accumulate bitcoin anytime.

Bank interest and the increase in bitcoin in comparison is unfair indeed because the risk is greater in bitcoin while the bank only maintains its stability so it's only natural that 17% requires 4 years in the bank because bank correlation is stability.

For me this is not a real increase, we will see bigger bullish than this, of course, who should we be for the long term, therefore buy defensively and keep bitcoin for a long time.
As many people have said recovery is happening.

Many even believe that there will be a new ATH this year. Optimism is a great thing, but I don't think we should expect too much because we will be disappointed if we don't meet our expectations. Investing needs to be realistic and with what's going on with the world economy so unstable, so expectations of a bull season or ATH are far-fetched. I'm not sure, but I predict this year is still a bear year, and accumulation would be more appropriate than expecting a bull year.

[Woodie]

It's important to note that predicting the future price movements of BTC is highly complex

Highly complex, I don't know about that but I believe one can develop the skills to read charts more actually by using techniques such as support and resistance or smart money concept's/ICT and for more technical analysis you could use Wyckoff  or whatever it is that works for you that can help with the prediction of where and what price action is doing.
Guess it's just about getting the trading knowledge to see things more clear and definitely just to put it out there you won't always be right!

and subject to many factors, including market sentiment, global economic conditions, regulatory changes, and more. Therefore, any statements about the status of BTC bulls should be taken as a general indication of sentiment and not a guarantee of future price movements.

Right on the money, these are definitely external factors that will influence price to be either bullish or bearish and ignore the technical analysis side of trade ,which  is why those that trade forex know that it's better to avoid trading news because this is when markets are highly volatile and unpredictable!

[STT]

Theres an aggressive uptrend and people have said we remain under resistance but I think we have already traded above the 25k area in a significant way that can last beyond near term.   


So long as this trend lasts and also various moving averages favor us then we can only conclude the bulls are back, the bullish trend is current meta.   It is a harsh gradient which suggests it wont last too long but while it is in place it would be incorrect to go against this repeated positive movement within BTC.