We are not out of the woods yet

[bittraffic]

Nothing is impossible, in the context of the world economy is still struggling, it is possible for bitcoin to continue to be impacted and fall more than is possible. When many believe that a bottom has been formed and bitcoin will never fall again, that is when bitcoin will fall. I still believe we haven't bottomed yet, bitcoin will drop below $15k.

I'm also wondering how you can determine for yourself about the fall in Bitcoin to a certain level at the moment which is even the opposite of what is happening in the market at the moment. And logically when there are many people who believe in Bitcoin not to fall again, automatically some people will also make purchases on Bitcoin and will not just sit idly by and see Bitcoin in the market. So what you say doesn't make much sense to me at this point.

That is my prediction, and I am expecting bitcoin to drop and fall further. Many people are expecting bitcoins to rise again because they bought bitcoins at a high price or they have accumulated enough of their bitcoins. But I still want to buy bitcoin cheaply, so I expect it to drop more, and in the current economic situation, I really hope my prediction is correct.

Well, we can't be so sure of what the price will be in the next few weeks despite how quick the rise of BTC since last week and this week. Like OP said we are yet not out of the woods, there could be challenges ahead since the bankruptcy of other big crypto groups had been in the news over and over.

Who knows what could happen? The market can just crash and spike for a simple reason. But one certain fact is known to us, Halving is in 2024. Right now is still 2023.

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[jakelyson]

Well, we can't be so sure of what the price will be in the next few weeks despite how quick the rise of BTC since last week and this week. Like OP said we are yet not out of the woods, there could be challenges ahead since the bankruptcy of other big crypto groups had been in the news over and over.

Who knows what could happen? The market can just crash and spike for a simple reason. But one certain fact is known to us, Halving is in 2024. Right now is still 2023.

Even after the halving, we will not feel the effect of it right away. It will still take some time, maybe months or more than a year before we feel the effect of it. And anything is possible between now and that time. I think, in the past, we experience a sudden drop in the price even after the halving. Price crashes can happen anytime.

[Casdinyard]

Well, we can't be so sure of what the price will be in the next few weeks despite how quick the rise of BTC since last week and this week. Like OP said we are yet not out of the woods, there could be challenges ahead since the bankruptcy of other big crypto groups had been in the news over and over.

Who knows what could happen? The market can just crash and spike for a simple reason. But one certain fact is known to us, Halving is in 2024. Right now is still 2023.

Even after the halving, we will not feel the effect of it right away. It will still take some time, maybe months or more than a year before we feel the effect of it. And anything is possible between now and that time. I think, in the past, we experience a sudden drop in the price even after the halving. Price crashes can happen anytime.

If I'm being honest the last week's price of bitcoin is a little insignificant for me, as I believe that the bear market is still far from over despite what other analysts and people may think or predict. Bitcoin and the crypto market is cyclical, and it follows a pattern, in the times that it didn't, it's because there was a huge paradigm shift that happened, prompting people to go bullish on buying cryptocurrencies and bitcoin as a result. This is no different, in fact, the next halving wouldn't happen til sometime next year, so if you'll ask me, unless something major is to happen within this year, I wouldn't put my hopes up on bitcoin entering a bullish season within this year.

[sana54210]

There are analysis that can support the statement of OP, and I’m sure as well that the market is still on bear market, too early to celebrate but its better to be safe than to be sorry later on. Just keep watching the price trend of Bitcoin because if it touch the support level again and breaks it, probably down trend will be the next trend and panicking will become active again so there’s no safe trend yet.

Does the analysis always determine? Apart from whatever we analyze this analysis will only find speculation which is probably only 2, namely true and not.
Even though the word careful is important, but we also cannot really give a statement that this will happen because regardless of anything even though caution must be maintained but we also do not need to panic ourselves with the current conditions.
Just enjoy the plot that is there, we are here not a short time and of course we know what to do in this condition.

I think when you make an analysis, you do not really make something that would be great, you are making something that would be troublesome in the long run if you think that only your analysis worths something and the others do not. I have to deal with the fact that it is going to be a horrible deal that needs to be done in a way where you just need to realize what you see is something only you see and not everyone sees.

If you think that you figured something out before anyone else then it would become a trouble for sure. That's why I can't really make a guess on anything that would be in crypto prices future, maybe I am right, or maybe I am just looking at it wrong.

[sulendra12]

It will get to a point where many will start losing hope on crypto, a more painful bottom will occur and holders will lose faith, the bear market will look like it will be here forever.

There are always people that losing faith and hope in cryptocurrency because of some reasons such as losing money, some of the coins that they invest are dumped and etc. Losing in investment is pretty normal but the way people manage these losses are different so there will be someone just survive with this bear market but many are giving up and try another chance.

We are not at this point yet so do not get too confidence that a new all times low is no more possible, no one saw COV-19 coming in 2020 and anything can still happen between 2023- 2024.

But, at that point the price surprisingly increasing for a moment.

[tjtonmoy]

Yes, it's still uncertain what will happen next. If you just bought a few weeks ago, you are on the green side. It's a small price jump when you compare it to ATH price. If you zoom out the chart, the price gap is huge. After the bear hit, people were expecting for bitcoin to get stable at $25k, but it went down more. We haven't reached the $25k yet after this price pump. So we are still in the red zone, despite being in the green for several weeks. It will be very interesting to know if this is an indication towards bull run or is this another bull trap.

[Wakate]

There is always this most painful season in crypto space that hurts even the strongest of crypto holders out there where they will almost give up, I don't believe that this bear market will be different, if you are here in 2019 you knew what I am talking about.

It will get to a point where many will start losing hope on crypto, a more painful bottom will occur and holders will lose faith, the bear market will look like it will be here forever.

We are not at this point yet so do not get too confidence that a new all times low is no more possible, no one saw COV-19 coming in 2020 and anything can still happen between 2023- 2024.

This is how the market moves. It is all about upward trend and downward which had been part of the market patten that constitute the behavior of the market. Bitcoin will always fall and rise whether we like it or not.
One thing I had understand about the market is that, people are mostly interested about the upward trend and forget that there is a time when the bear will take over. We can't have the bull market without having the bear market, everything works along the same so we need to be a smart trader to be ready to endure this season for a better one.

[Kryptowerk]

If you didn't know already, in crypto-land you are never "out of the woods". Last year should have been a wake-up call for anyone believing otherwise.
There is ALWAYS the chance of a massive black-swan-event lurking, prices can dump 20%+ over night if the circumstances are "right".

That being said, if you wonder what's going on with the recent tiny uptrend for Bitcoin, have a look at contrarian indicators - just before BTC climbed up from its 16k depths the general sentiment was as bad as almost never seen before for Bitcoin. - Check out PlanB and related analists for more info. https://dailyhodl.com/2022/11/24/quant-analyst-planb-says-bitcoin-btc-on-track-to-explode-by-over-500-heres-the-timeline/

[Mauser]

We are not at this point yet so do not get too confidence that a new all times low is no more possible, no one saw COV-19 coming in 2020 and anything can still happen between 2023- 2024.

Being cautious is good to a certain extend, but if we worry to much about all the things that could go wrong then we might miss out completely on the next big trend. It's still another year for the next halving, and it's true that many things could happen until then. The real question is if you expect crypto prices to drop much lower if something bad in the world happens again. In my opinion we are not going to see prices much lower than the 16,000 USD level. Who ever bought bitcoins in the last few years will be very happy by the end of 2024. I would rather stay invested and face the risk of short term price drops, then selling all my position and be at risk of missing out on the next big rally.

[lixer]

There are analysis that can support the statement of OP, and I’m sure as well that the market is still on bear market, too early to celebrate but its better to be safe than to be sorry later on. Just keep watching the price trend of Bitcoin because if it touch the support level again and breaks it, probably down trend will be the next trend and panicking will become active again so there’s no safe trend yet.

Does the analysis always determine? Apart from whatever we analyze this analysis will only find speculation which is probably only 2, namely true and not.
Even though the word careful is important, but we also cannot really give a statement that this will happen because regardless of anything even though caution must be maintained but we also do not need to panic ourselves with the current conditions.
Just enjoy the plot that is there, we are here not a short time and of course we know what to do in this condition.

Not all times the analysis is correct but people still keep on doing it. They think it's better than just predicting randomly. We need to be careful because we do not know what's coming ahead. By careful, it means we shouldn't buy quickly thinking that the recovery will continue because what if it dumps right after we buy? Panicking is bad but I don't think there are people who are doing it right now.

The market now is different from what we had last year where the dump seems not going to an end. People are calm now and waiting for more increases before they sell their bags. Losing money isn't fun so don't just say that we all must enjoy. This isn't the same as playing gambling inside a casino.

[Captain Corporate]

At around 23k right now, I have to say that there is a good chance we are getting out of the woods for sure. Don't expect it to be a child play, its going to take a while before we could end up with getting to 30k+ range, but haven't we shown a bit of glimpse of increases already? From 17k to 19k and then 19k to 21k and then 21k to 23k. That is like 2k increase every 3-5 days, and if it keeps up it, then in 2-3 weeks we are possibly at 30k with this increase. I am guessing its not going to be the same timing again and again, but I do believe that its going to happen, and 2023 will definitely end up with a good increase for sure.

[tabas]

Yeah, the history may repeat itself and just be prepared whatever is yet to come. But, it could possibly be that the toughest bear was already done last year. We're just a year for the next halving and you can assume whatever you want but it's best to think about the most positive things to happen but not settling that it's already there. Anyway, if there's the certain thing about bitcoin and the entire crypto market, its volatility is making everything as usual unpredictable. I see a lot of people telling that $10k-$13k may be the bottom this time, let's see if those predictions will become real.

[Silberman]

At around 23k right now, I have to say that there is a good chance we are getting out of the woods for sure. Don't expect it to be a child play, its going to take a while before we could end up with getting to 30k+ range, but haven't we shown a bit of glimpse of increases already? From 17k to 19k and then 19k to 21k and then 21k to 23k. That is like 2k increase every 3-5 days, and if it keeps up it, then in 2-3 weeks we are possibly at 30k with this increase. I am guessing its not going to be the same timing again and again, but I do believe that its going to happen, and 2023 will definitely end up with a good increase for sure.

Bitcoin has been recovering at an amazing speed but at the same time I think this is the reason so many people are still on the fence about this recovery, I mean the bear market was so long and intense that it is difficult to believe that is over just like that, which explains the no small number of traders which believe this is some sort of trap and that the price of bitcoin will go below 20k again, maybe they are wrong but it is understandable they still hold doubts about this recovery.

[Zanab247]

I don't think what happened in 2019 will repeat itself again in this year or next year because, it was a bad experience to the word economy which nobody wish to see it again . There are many researchers that came up early this year that this year and next year will be a better year for all crypto investors which many crypto investors are experiencing it already in the crypto market. I believe what we experienced last year will not happen in this 2023, because if it happen many will give up on crypto but I believe such long bear market will not happen this year.

[serveria.com]

That is my prediction, and I am expecting bitcoin to drop and fall further. Many people are expecting bitcoins to rise again because they bought bitcoins at a high price or they have accumulated enough of their bitcoins. But I still want to buy bitcoin cheaply, so I expect it to drop more, and in the current economic situation, I really hope my prediction is correct.

  Muahaha the biggest mistake. You realize that's wishful thinking, right? Bitcoin doesn't give a damn about your hopes/expectations/plans. It's like me saying: I predict ATH in March 2023, because I want to sell @$100k! That's ridiculous! 

[Obari]

We are in a world if uncertainty and certainly anything can happen at anytime especially in a world with drastic environmental degradation.

I don't think what happened in 2019 will repeat itself again in this year or next year because, it was a bad experience to the word economy which nobody wish to see it again.

Stop think and start thinking because this is reality and no one can actually predict accurately what the outcome of the next day would be because even the researchers you mentioned only say things based on analysis and assumption without certainty.
It is also true that people who bought the dip are smiling by now but that's not even enough reason to say this year will be better because we're just starting the year and I also know of people who are already in deep mess at the start of the year and will you also say same for such persons? I guess no but optimism is the only hope we have now and we pray we have a favourable year this year and hope to get out of the hood too.

[Silberman]

I don't think what happened in 2019 will repeat itself again in this year or next year because, it was a bad experience to the word economy which nobody wish to see it again . There are many researchers that came up early this year that this year and next year will be a better year for all crypto investors which many crypto investors are experiencing it already in the crypto market. I believe what we experienced last year will not happen in this 2023, because if it happen many will give up on crypto but I believe such long bear market will not happen this year.

Even if right now it seems that there is nothing which can stop bitcoin as its growth during the last weeks has been impressive, bitcoin can still be affected by events external to it, and a very good example of this was the pandemic, in which we saw a massive crash at the early stages, and with the war at Ukraine getting even worse it would not surprise me if this had an effect on the economy of the world during the next months, and such an event will affect bitcoin too.

[karmamiu]

I don't think what happened in 2019 will repeat itself again in this year or next year because, it was a bad experience to the word economy which nobody wish to see it again . There are many researchers that came up early this year that this year and next year will be a better year for all crypto investors which many crypto investors are experiencing it already in the crypto market. I believe what we experienced last year will not happen in this 2023, because if it happen many will give up on crypto but I believe such long bear market will not happen this year.

Well, it's true that everyday becomes a new day full of hope when it comes to crypto, since we always witness history repeating itself and it goes to show how much potential crypto has. Without a doubt it'll already be a part of history that crypto survived a pandemic. We also don't know how long this dry spell would last but I believe it wont last that long... "MAYBE"I am also no expert so I couldn't predict or give an analysis of how long it'll last.

Even if right now it seems that there is nothing which can stop bitcoin as its growth during the last weeks has been impressive, bitcoin can still be affected by events external to it, and a very good example of this was the pandemic, in which we saw a massive crash at the early stages, and with the war at Ukraine getting even worse it would not surprise me if this had an effect on the economy of the world during the next months, and such an event will affect bitcoin too.

External factors are already one of the factors that affects the growth of the economy, although crypto looks like an independent market, we still couldn't deny the fact that it is still affected by those economic pressure we are in. I know most of us are hoping for a positive movement from crypto this year, but I think without an event that could hugely influence the economy involving bitcoin it would be a long way for us to see either positive or negative changes. Again I am no expert and I could only tell this by a consumer's point of view.