Crypto Market on the Rise, But Proceed with Caution!

[cryptoreviewhunters]

It's true that despite the negative reputation that crypto assets have, they have been performing well in the beginning of 2023. Bitcoin, as an indicator of the overall crypto market, has risen 27% since the start of the year, while the S&P 500 has only risen 2.6% and gold has risen 5.4%. However, it's important to remember that the crypto market is still in a bear market and the bottom has not been reached yet. The editor of Daily, Teeka Tiwari, is a long-term bull on crypto but he advises caution and patience in the current market. He believes that there are several negative factors that need to be worked through before the long-term rally can restart.
It's important to be aware of these negative stories and to not let the bear market trap you.
It's also worth noting that the crypto market is still relatively small, so it's not necessary to make large investments to see significant returns as the market improves. It's recommended to be cautious and to focus on incredible buying opportunities when they arise. Despite the current market conditions, the future of crypto remains promising, with institutions like Fidelity launching new bitcoin products and more favorable regulations in countries like Brazil. Over the long-term, the outlook for crypto is positive.
More info at cryptocartel.co

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[BitMaxz]

How did you know if the bottom is not reached yet?
Yes, bitcoin is too volatile it's not the same as other assets like gold and it's not easy to predict the price movement keeps changing but no one could predict if this year is still on a bear market or bull market.

But for me, since it is cheap compared to the price last year it is better to buy and hold because we don't know maybe $16k is the bottom and now it's starting to rising.

[EarnOnVictor]

I don't believe that crypto has a negative reputation at all, people might talk and have their reservations, but cryptos would continue to flourish. As for the trend of Bitcoin and others, they are bullish, and the economic and technical reasons are attributed to this. There will always be bad issues and good circumstances about cryptos, yet the market sentiment shows that they are on the bullish path, and this is a long-term view that might last throughout the first quarter of 2023.

Of course, there might be retracement at times, but after this, I only see a bull run for cryptocurrencies.

[cryptoreviewhunters]

Yes, totally agree -But i think we might see some big drop more , and then a really good bull run  
Market makers will take some huge profits on drop, as most of people , like also You guys think that we where at bottom - its too easy to be true , that we are going now only upwards (not talking about corrections etc.).

[Zaguru12]

It's also worth noting that the crypto market is still relatively small, so it's not necessary to make large investments to see significant returns as the market improves. It's recommended to be cautious and to focus on incredible buying opportunities when they arise. Despite the current market conditions, the future of crypto remains promising, with institutions like Fidelity launching new bitcoin products and more favorable regulations in countries like Brazil. Over the long-term, the outlook for crypto is positive.
More info at cryptocartel.co

The rise has actually tricked some to buying more but although we ain’t sure when the this rise will continue but it’s early to tag it a bull run. The best thing right now is to DCA even if one has large amounts to pump into it. An every 3 days or weekly DCA could actually help this period.

I don't believe that crypto has a negative reputation at all, people might talk and have their reservations, but cryptos would continue to flourish. As for the trend of Bitcoin and others, they are bullish, and the economic and technical reasons are attributed to this.

Yeah some self acclaimed experts will come out with price predictions or some will try to put investors off accumulating bitcoin. We might be having a test of rise of rice now but this isn’t bull period yet. If the tag “cryptos will continue to flourish is only related to bitcoin I would agree but for some other coins I don’t think would continue. Most of them will fall off after a huge rise and luring some altcoin investors into buying them. I don’t see them coping with the trend when bitcoin starts to rise in bull period, these coins rising are all bull traps most especially the ones of the top 10 altcoin chart

[dothebeats]

If we always exercise caution even if the opportunity already presented itself, we will never really get to something and we'll only regret not doing grabbing these opportunities in the future. You'll never know if we've already hit the bottom or it's just that the price is low. That's why DCA is a great buying technique to use when you want to be in the game long term. If you only buy when the price is rising, you'll really have a hard time convincing yourself and analyzing whether the buy is good or not. But if you halt into buying no matter the price, you'll never have the coins and you'll never reap the rewards when it starts to rain.

[teosanru]

The market is bullish, obviously it's not a new bull run as we had in a bigger time frame but it's a short term bullish momentum that the market currently is experiencing. Some are even saying it's a correction in the bear cycle as you see the monthly RSI of bitcoin went to the oversold region it is now being corrected into the median area. I feel one should not say anything as a bull run until you see market near 20-30% area of the last all time high.

[Husires]

The same article will change if the price drops because it is an analysis that tracks the price and not analyzes the market and predicts what might happen and therefore it is not investment advice and you will lose if you decide to follow it or make investment decisions based on it.

Such articles are used to waste time. It is like listening to someone telling you the details of the World Cup or a channel showing matches two hours after they have ended.

I see you put your website link below, you may need a merit or buy a copper membership.

[goaldigger]

The trend is getting better but we are still on a bear market because bull trend is not that strong yet but eventually we will hit that level because we have to and the market is overdue for this. There’s a lot of positive news already, if Bitcoin can stay above $23k then it could be an indicator that bear market is gone already and we will not aim for a higher peak, just stay cautious and stay alert with the current trend just to be safe.

[Scripture]

It starting to get better but not enough to call it a bull run, though its a good start for the year but we are still fae from the real bull run. If you are trying to chase the market better not to, and just wait for your right moment to accumulate.

Stay cautious because the market is unpredictable and never go all it, better to diversify with other good coins and don’t expect too much. Bitcoin will lead the market again but correction might happen from time to time before we enter into the bull trend.

[EdenHazard]

The market is bullish, obviously it's not a new bull run as we had in a bigger time frame but it's a short term bullish momentum that the market currently is experiencing. Some are even saying it's a correction in the bear cycle as you see the monthly RSI of bitcoin went to the oversold region it is now being corrected into the median area. I feel one should not say anything as a bull run until you see market near 20-30% area of the last all time high.

In the long run? Sure it's always bullish.

But at the moment .. i don't think it is ... approaching the halving might hurt us all .. as we have witnessed it that the bitcoin price get dropped to the lowest back in 2019/2020 where everyone waiting for the halving that comes the year after. We sure have to proceed with caution as the drop might occured anytime soon.

[blockman]

The trend is getting better but we are still on a bear market because bull trend is not that strong yet but eventually we will hit that level because we have to and the market is overdue for this. There’s a lot of positive news already, if Bitcoin can stay above $23k then it could be an indicator that bear market is gone already and we will not aim for a higher peak, just stay cautious and stay alert with the current trend just to be safe.

Until the confirmation is there that we're on a bull run then we're on it. But as of now, the market is still uncertain, yes we see some ups but that doesn't verify yet if it's going to be stable there for a long time. Unlike with the $16k mark and $18k, it had stayed there for quite a while determined that it was likely the bottom of it. Right now, proceeding is the typical response we'll give to it but those that are scared of the volatility of it should think first before taking the risk.

[BitcoinPanther]

It isn't a surprise that Bitcoin market price  has a trend like this.  It has been known that Bitcoin market is highly volatile, meaning its surges can be in extreme and its collapse can be in extreme also.  This happen because the Bitcoin market is dictated by supply and demand and there is no regulators that watch or control the Bitcoin's market price.

The market is bullish, obviously it's not a new bull run as we had in a bigger time frame but it's a short term bullish momentum that the market currently is experiencing. Some are even saying it's a correction in the bear cycle as you see the monthly RSI of bitcoin went to the oversold region it is now being corrected into the median area. I feel one should not say anything as a bull run until you see market near 20-30% area of the last all time high.

In the long run? Sure it's always bullish.

I agree!  Bitcoin will always be bullish in the long run.

But at the moment .. i don't think it is ... approaching the halving might hurt us all .. as we have witnessed it that the bitcoin price get dropped to the lowest back in 2019/2020 where everyone waiting for the halving that comes the year after. We sure have to proceed with caution as the drop might occured anytime soon.

Well, we can't say that the market had transitioned to bullish yet, but I believe the current sentiment of people is bullish.  Unless something unexpected thing happen again that can cause the same  impact done by the FTX and Tera Luna does, I think there is a good chance that the bitcoin market will fully transition to bullish market even before the halving event happens.  I also hope that this uptrend is not a bull trap.

[AmoreJaz]

The trend is getting better but we are still on a bear market because bull trend is not that strong yet but eventually we will hit that level because we have to and the market is overdue for this. There’s a lot of positive news already, if Bitcoin can stay above $23k then it could be an indicator that bear market is gone already and we will not aim for a higher peak, just stay cautious and stay alert with the current trend just to be safe.

as we have this roller-coaster ride of market, we are not sure where we are heading to. but the positive sentiments are currently driving an upward trend. it has been month that we haven't seen the 20k level, and now finally, seeing it above 20k, a lot are having positive vibes.
but as we are seeing positive movement, and if you have spare funds, might as well think of your next step to take advantage of this market while it is still not high enough that you can still afford to buy some.

[jaberwock]

I don't believe that crypto has a negative reputation at all, people might talk and have their reservations, but cryptos would continue to flourish. As for the trend of Bitcoin and others, they are bullish, and the economic and technical reasons are attributed to this. There will always be bad issues and good circumstances about cryptos, yet the market sentiment shows that they are on the bullish path, and this is a long-term view that might last throughout the first quarter of 2023.

Of course, there might be retracement at times, but after this, I only see a bull run for cryptocurrencies.

Bitcoin and a few of the cryptos are in good reputation. It was those scam cryptos and crypto platforms that affected them badly or those who invest on them rather and then those people will have a bad impression on the overall market. The remaining legit cryptos are going to continue because there are still people who believes on them.

We only need to hope that nothing bad will happen to them because not all times people can extend their patience but they will soon ran out of it and quit permanently in cryptos. We are not in a bullish market yet but maybe we are heading on that path as the coins are now recovering slowly.

[bounceback]

However, it's important to remember that the crypto market is still in a bear market and the bottom has not been reached yet.

During the bear market haven't we seen a very deep drop in bitcoin price where bitcoin has fallen to $15k which I think is the lowest level for bitcoin after hitting a new ATH in 2021 and it doesn't look like there will ever be a level lower than price $15k, because right now if we notice that the bitcoin price has crept up past the $21k resistance area and if it is able to maintain that area for the next few days then it is possible that the bitcoin price will continue to increase in the coming weeks.

[Ziskinberg]

I invest in Bitcoin without a doubt but of course, I make decisions carefully like when to buy and when to sell.
Despite the market situation, I'd never make myself bothered too much whether we reach another bottom or not, my trust remain,s and still optimistic about the future of this project. As I learn how the market works, I understand that not all the time we are in bearish moments, sometime the price will run high which means that we still have a bigger chance to earn a profit.

[Oceat]

I invest in Bitcoin without a doubt but of course, I make decisions carefully like when to buy and when to sell.
Despite the market situation, I'd never make myself bothered too much whether we reach another bottom or not, my trust remain,s and still optimistic about the future of this project. As I learn how the market works, I understand that not all the time we are in bearish moments, sometime the price will run high which means that we still have a bigger chance to earn a profit.

If someone wants to invest and planning for a long term it's not a problem to just buy more since the price is still cheaper than when it's on its ATH someday. Whoever sell this time might be needing that money or just making a profit from what it's invested but we should always proceed with caution since we still don't know if the bottom was already done or it's still coming.

This might be a bull trap since it's kind of similar in the past where it made some growth yet after a week or two it's just back to the bottom or might as well making a new bottom.

[Bitstar_coin]

The best way to achieve a maximum success  is to have a long-term strategy, cryptocurrency markets can be highly unpredictable in the short-term, so it's important to have a long-term strategy in place. Don't make impulsive decisions based on short-term market fluctuations.
Crypto investment requires lots of patience, anyone who does not possess that will find it difficult to achieve anything in this space. The markets has been very positive the past days even their are different opinions regarding it.

[ShowOff]

It's always wise to think that the market can move in any direction. Even though the price is currently in a positive trend, volatility is still unavoidable.
I had been looking at $23K while ago, but a sudden correction brought the price down to $22.7K. So there is always dip risk, but if you want to invest in the long term then it's a good idea to consider DCA.

I had no doubts that the bitcoin price would never drop below $20K again, but we can never really say anything for sure. Consider your risk, invest for the amount you can afford to lose.