The Start of a Bull Season on Bitcoin? Or a Trap?

[fadhilz123]

I don't think these New Year's positives are a trap, it's the natural driver of the bitcoin trend.  I'm not sure if the winter bear market will actually dissipate, that's just part of the optimism about the market's recovery.  Next time will prove it but clearly the market is not in the bull season yet

The current market condition is still not in a bullish situation, but now is the recovery period which is still a good opportunity to keep buying Bitcoin before we really see bullish in the market. Everyone has their own judgment in seeing the current market conditions and I also can't convince you to think positively about what's going on in the market. Because those who think this market condition is a trap, maybe one day they too will regret it when what they think is wrong.

[Pejoh Asu]

If we pay attention to the trends that have occurred since 2012, you will see a unique pattern that repeats itself every 4 years, if we can take advantage of the moment correctly, we can get big profits, and if we pay attention to what happened at the beginning of this year, this is a sign that the recovery happen, I believe bitcoin price will reach $40k before Q2 so the best thing right now is to keep buying.

[ethereumhunter]

The market is currently still recovering and accumulating again, which is what many people did when the price was still lower. Those who can take advantage of this opportunity can be said to be very lucky because the price is still low and they can continue to hold their bitcoins until the price rises high. But I'm not sure that the $25k price will be reached soon, especially since we are already at the end of January. But there is a possibility that in the next month, the price can go up higher but we don't know how high the price can go up and if it does go up high, will there be a deep correction that might occur?

The current situation is the result of a massive growth of investors during the price drop, it looks like those who never take their opportunity when the price is below $20k are now here to take the risk. Many people only have the courage to invest in Bitcoin when they see the price is increasing and this is what happens now. As long as these new investors will never dump their Bitcoin until we reach back to its peak again or just to say at least $40k, it is possible that in the next couple of month we never experience market correction but a continuous pump.

Let's hope that those who have just dared to make the decision to invest in bitcoin now will not panic if there is a continuous correction from bitcoin. And hopefully, they can still hold their bitcoins calmly and have no worries about a correction because bitcoin's journey to get to the last ATH is still long and surely, there will still be many corrections in the market. And hopefully the price can still increase slowly every month so we don't have to wait long to see the price reach the last ATH and after that, the bitcoin price makes a new ATH.

[yohananaomi]

If we pay attention to the trends that have occurred since 2012, you will see a unique pattern that repeats itself every 4 years, if we can take advantage of the moment correctly, we can get big profits, and if we pay attention to what happened at the beginning of this year, this is a sign that the recovery happen, I believe bitcoin price will reach $40k before Q2 so the best thing right now is to keep buying.

it's true that the cycle that you say is every 4 years or often also known as the halving period, you can be sure it will happen again. thus ensuring that period will fall on May 1, 2024 for the upcoming halving period.
so there are no signs that lead and there is information that can provide news that states that this year there will be changes towards recovery.
it is precisely the time now, where to continue to buy and save more savings so that when changes occur, it will provide significant benefits.
Is there actually going to be a surprise that will happen? we will wait for it

[Tony116]

Because those who think this market condition is a trap, maybe one day they too will regret it when what they think is wrong.

So far, I'm pretty sure we haven't gotten rid of the bears. I'm the one who used to think this was a trap, and maybe I was wrong, but I don't regret it. I think this is a trap, and I hope the price will continue to fall again, simply because I want to accumulate bitcoin at a low price rather than a high price. But if my judgment is wrong, I have not lost anything because I have started accumulating since the luna crash. I only regret that bitcoin has gone up in price too soon, so my plan to own more cheap bitcoins has ended.

[lizarder]

It could be because the next year halving, but it seems too early. If the trend continues, Bitcoin price will break ATH later this year so it does not make sense IMO. Therefore, I don't think the pump can be sustained for too long and the price will soon drop to the ~$19k range and then the ~$17k range again soon. But who knows...

What do you think?

It's still quite speculative to see what range bitcoin price will last this year, but if the pumping can keep the price steady for the next few months I think it's more to consolidate towards a total recovery process before hitting the next ATH for bitcoin and it should if that counts bitcoin journey cycle, this year is a gradual recovery step according to the consolidation process that will occur.

Personally I'm still quite optimistic that bitcoin will go to a better stage going forward and if this recovery process continues steadily then bitcoin will reach the next ATH next year and hopefully this will actually be a consolidation towards a big change for bitcoin.

[Moeda]

The Bitcoin price jumped from the ~$17k range to the ~$21k in the last 7 days. I'm not aware of any good news about Bitcoin, but the price seems moved so strongly, breaking its previous resistance.



It could be because the next year halving, but it seems too early. If the trend continues, Bitcoin price will break ATH later this year so it does not make sense IMO. Therefore, I don't think the pump can be sustained for too long and the price will soon drop to the ~$19k range and then the ~$17k range again soon. But who knows...

What do you think?

But in fact to this day the price of Bitcoin can stay at a price of $ 23k. We can monitor this until April. It's possible that the price will come back down, because talking of a bullrun to reach the previous ATH is probably too early at this time. But if Bitcoin starts moving, I think altcoins will jump in too. However the altcoin pump is inconsistent at the moment. After increasing the price will return to the previous price. Does not last at the last price, as is the condition of increasing Bitcoin prices.

[STT]

Its not a trap especially but a reset is completely normal at some point.   There is no free absolute upwards price that never goes lower, the real thing to watch how far can we pullback at certain points.   


So its above weekly average for this whole rise from year start but for the proper reset would be putting us back to a far more substantial level like 50 day average and that is still 19k.   Thats how to view it I guess, we can easily return to about 20k or 19k and yet that also would not be too big a deal to call it a trap etc.

[KingsDen]

The Bitcoin price jumped from the ~$17k range to the ~$21k in the last 7 days. I'm not aware of any good news about Bitcoin, but the price seems moved so strongly, breaking its previous resistance.



It could be because the next year halving, but it seems too early. If the trend continues, Bitcoin price will break ATH later this year so it does not make sense IMO. Therefore, I don't think the pump can be sustained for too long and the price will soon drop to the ~$19k range and then the ~$17k range again soon. But who knows...

What do you think?

I do not know much about charts in order to decipher a bull run from a bull trap. But I discovered something from this recent market increment and that is, the increment was genuine and not manipulated. Assuming it was manipulated the drop would have been so fast and deep. But looking at the present condition, it seems that a temporary support is trying to form at $22,000.
In conclusion, this green movement is a movement to restore hope to bitcoin.

[Raflesia]

I believe that the difficult situation has passed, after the FTX case ended with investors crying, now is the time to be more vigilant and choose exchanges, it's better to use exchanges for instant transactions, don't store large amounts of assets because bad things can happen, at least there isn't negative sentiment yet which makes the market panic so naturally bitcoin will continue to grow positively in 2023.

This is the start that the market will recover after all those issues in 2022, I think we already had enough of bear market and now, Bitcoin is taking over the market again and will about to boom.

This is not a trap, this is the real trend now and if you can’t see a good reason to buy, just search the price of Bitcoin on last halving, usually the pump happens a year before the halving and that time is right now so grab some now and stay positive for the whole yea.

Even though most of the assumptions are in this direction, we still cannot relax our vigilance because there could be several more falls that will be accepted as has always happened in the past year because we cannot predict what will happen and all possibilities are still there.
Even though things like this don't really matter to those who have long-term targets, still for some people this might be important.

[goaldigger]

If we pay attention to the trends that have occurred since 2012, you will see a unique pattern that repeats itself every 4 years, if we can take advantage of the moment correctly, we can get big profits, and if we pay attention to what happened at the beginning of this year, this is a sign that the recovery happen, I believe bitcoin price will reach $40k before Q2 so the best thing right now is to keep buying.

I was actually looking at the previous trend with Bitcoin and yes we are already on this cycle and its possible to repeat it. Many are anticipating the market to pump now, but to be more careful you should need to wait for other confirmations and analyze the trend properly. There might be a higher chance for the bull trend as we are about to end the first month of 2023 at a better price. Good news and big investors are also coming in, this is the usual scenario for a bull market.

[Hamphser]

If we pay attention to the trends that have occurred since 2012, you will see a unique pattern that repeats itself every 4 years, if we can take advantage of the moment correctly, we can get big profits, and if we pay attention to what happened at the beginning of this year, this is a sign that the recovery happen, I believe bitcoin price will reach $40k before Q2 so the best thing right now is to keep buying.

I was actually looking at the previous trend with Bitcoin and yes we are already on this cycle and its possible to repeat it. Many are anticipating the market to pump now, but to be more careful you should need to wait for other confirmations and analyze the trend properly. There might be a higher chance for the bull trend as we are about to end the first month of 2023 at a better price. Good news and big investors are also coming in, this is the usual scenario for a bull market.

If you are going for long term then buying on these levels wont really be a stressful thing on which you wouldnt mind on what the price it would be since you are targeting for long term but we know that not all people would really be going for long term but instead they would really be making short term approach and making buying and selling in shortest time as possible and it isnt something that easy to deal with.
We wont know if this current increase is already start of the bull run or some trap which we had been able to experience countless times before on how this market behaves on.
Trap or not then you should prepare yourself for whatever things that might happen because everything is really that unpredictable and there's no way on knowing it.

[ajiz138]

The Bitcoin price jumped from the ~$17k range to the ~$21k in the last 7 days. I'm not aware of any good news about Bitcoin, but the price seems moved so strongly, breaking its previous resistance.



It could be because the next year halving, but it seems too early. If the trend continues, Bitcoin price will break ATH later this year so it does not make sense IMO. Therefore, I don't think the pump can be sustained for too long and the price will soon drop to the ~$19k range and then the ~$17k range again soon. But who knows...

What do you think?

But in fact to this day the price of Bitcoin can stay at a price of $ 23k. We can monitor this until April. It's possible that the price will come back down, because talking of a bullrun to reach the previous ATH is probably too early at this time. But if Bitcoin starts moving, I think altcoins will jump in too. However the altcoin pump is inconsistent at the moment. After increasing the price will return to the previous price. Does not last at the last price, as is the condition of increasing Bitcoin prices.

We'll see until the 1st quarter after that how the movement with bitcoin is whether this can be an initial recovery that is quite effective or indeed it will experience a correction below $ 20k but I think at the current price of $ 23k bitcoin can hold its resistance even we see the potential it will coming in at $25k if it really can be sustained into quarter 1.
I'm not going to jump to conclusions about ATH indeed it's too far in the current year but if bitcoin lasts for the whole year $50k it means ATH will be getting closer to the next year and maybe this cycle will be faster than before.

[Silberman]

I do not know much about charts in order to decipher a bull run from a bull trap. But I discovered something from this recent market increment and that is, the increment was genuine and not manipulated. Assuming it was manipulated the drop would have been so fast and deep. But looking at the present condition, it seems that a temporary support is trying to form at $22,000.
In conclusion, this green movement is a movement to restore hope to bitcoin.

The price of bitcoin was too cheap for far too long and smart investors took advantage of it, most likely the collapse of centralized institutions that we witnessed during 2022 did not help at all as people lost confidence in this market, but once they realized that bitcoin was still as secure as ever and that only individual business were failing and this was because of their own mismanagement then those investors decided to comeback and invest in bitcoin again.

[GreatArkansas]

Its not a trap especially but a reset is completely normal at some point.   There is no free absolute upwards price that never goes lower, the real thing to watch how far can we pullback at certain points.   
(....)

Exactly. The dumped during FTT Exchange collapse is very huge damage to the market I believe and what we are experiencing now is a pullback from that event and  I am hoping we will stay above $20,000 until the next cycle or new bull run.
This level right now is where we should at if no lot of FUD happened after the tragedy of FTX Exchange.

[btc78]

you cannot force anyone here to follow your prediction as it is clearly said , Prediction right? meaning there is no accuracy in there and you are just lucky to bring good sometimes.
actually I have been following you at some point specially when you are posting about God and Gambling but I find no credential on those so i believe that no one trusted you here and yes I know that you are also trying to gain but are you truly earning from your predictions?

Everyone will try to analyze and not just follow other people's advice because even if that person is an expert, we must still try to find where he can get such an analysis. Of course, it will be useful for other people who want to learn to analyze because they can know how to analyze properly and correctly. But I wouldn't be surprised if the current price hike could turn into a bull trap, as I've seen before. Instead of being surprised, I will place a buy order at the bottom if the price ever goes down again. But the bitcoin price has stayed at the $20k-$21k level. And bitcoin will surely increase slowly.

analyzing is available for everyone but not to force people to believe you because if does will you let your self being blamed once the investment fails?
this is the problem to face once you are consistently luring people to trust you and not just let them have this because of your ability ,skills and knowledge .

[Dave1]

Its not a trap especially but a reset is completely normal at some point.   There is no free absolute upwards price that never goes lower, the real thing to watch how far can we pullback at certain points.   
(....)

Exactly. The dumped during FTT Exchange collapse is very huge damage to the market I believe and what we are experiencing now is a pullback from that event and  I am hoping we will stay above $20,000 until the next cycle or new bull run.
This level right now is where we should at if no lot of FUD happened after the tragedy of FTX Exchange.

Not sure about going above $20k, but it seems that is just a conservative price for the next bull cycle.

I'm thinking that maybe $30k-$40k might be the minimum price that we can achieved for this year because the block halving is going to happen around May 2024. So if we are in that price level, a good x10 might be experience so that is a huge pump for us and who knows how big the bull run will be. It could be at at a start price of $100k.

[Wong Gendheng]

I never thought too far about the current price conditions, I just focused on holding at least 3 years from now, many think that the current increase is a trap because the speculators will sell stocks with large quantities to make the price drops below $ 10K, But the thing that makes me optimistic is that the number of users globally continues to increase.

[Kelvinid]

I never thought too far about the current price conditions, I just focused on holding at least 3 years from now, many think that the current increase is a trap because the speculators will sell stocks with large quantities to make the price drops below $ 10K, But the thing that makes me optimistic is that the number of users globally continues to increase.

Can be a trap or not, but I don't it was important because what we wanted is to see the price of Bitcoin rise again. We should stop thinking about but rather remember that the market is so volatile that ups and downs can possibly happen at any time. If someone will sell their Bitcoin that is their decision, we don't need to be affected by those things because a true holder won't feel panic.
Yet, it was not the time also to say we are bullish, too far from being there. We need more pumps in order to be called "bullish", might that happen when the price of Bitcoin surpasses $50k?

[ilovealtcoins]

I never thought too far about the current price conditions, I just focused on holding at least 3 years from now, many think that the current increase is a trap because the speculators will sell stocks with large quantities to make the price drops below $ 10K, But the thing that makes me optimistic is that the number of users globally continues to increase.

Can be a trap or not, but I don't it was important because what we wanted is to see the price of Bitcoin rise again. We should stop thinking about but rather remember that the market is so volatile that ups and downs can possibly happen at any time. If someone will sell their Bitcoin that is their decision, we don't need to be affected by those things because a true holder won't feel panic.
Yet, it was not the time also to say we are bullish, too far from being there. We need more pumps in order to be called "bullish", might that happen when the price of Bitcoin surpasses $50k?

What's going on is not a trap, this is just a regular bull run after days of continuous bearishness. But you are right, the important thing is that the price has risen and we should enjoy this moment because we have waited so long to see it. Always prepare yourself with backup plans, even if bitcoin drops again or will continue to rise, it will never make it difficult for us.