Bitcoin Mini bull run or short Squeeze (manipulation) ?

[Falconer]

It is tough to say but it is clear that $16k was way below the intrinsic value of bitcoin whether you want to compute it based on the cost of mining which some people do or based on the historical price movements where $20k was the last bubble's peak we saw back in 2017 and price never goes below it. Not to mention with all the adoption we had price had to have gone up not go down. But when a lot of bitcoin is unloaded on a small market with thinned order books, the price tends to go below the intrinsic value very easily.

I agree that $15K is not worth it for bitcoin given the increasingly expensive mining fees. Bitcoin has never dipped and traded below last ATH (at 2017) and $20K and above should be decent value for it. But I can't really be sure what caused bitcoin to break the habit, and now I think it's good to expect bitcoin to retain $20K to its price.

[OcTradism]

It is a mini bull run with a contribution of short squeeze. Personally it is a mini bull run is similar to the mini bull run in 2019.

Manipulation is one factor of cryptocurrency market and you're right that short squeeze or mini bull run always has contribution from manipulation. If this mini bull run is strong, Bitcoin will be able to reclaim $28k or $30k before its pull back.

After a mini bull run, it will take a few months or half of a year for accumulation before 2024 bull run.

[maydna]

Hm, we can speculate a lot but what is more important is how are we prepared in the face of something that will happen to bitcoin after this? But a correction is happening again because the price has experienced a slight decline, and hopefully, that doesn't trigger the price to continue dropping. There is a possibility that the price will increase again, but we have to be patient because we don't know how long this condition will last in the market.

[bittraffic]

Can't help but think of manipulation still. Even the chart today is really weird when I see this pump couldn't sustain anymore that it has to be dumped right now or the plunge will be harder. Suddenly the market goes further up instead.

So what I can say is that if this is manipulated, it would really go below $15K. The futures traders are not going to take the risk of whether to go long or short, they are probably waiting where this market will go.

[Haunebu]

Everyone? Really op? You clearly need to do more research. Many people did think that it would fall lower to the price range that you specified, but many people like me also expected it to bounce back as usual due to various reasons.

Also, the crypto market is manipulated in different directions majority of the time which is why manipulation isn't really such a big deal as long as BTC and other cryptocurrencies are moving upwards.

BTC will eventually go back down again, but it will rise back up too and history has proven that.

[GigaBit]

Based on various news and analysis i was preparing to watch Bitcoin bearishness but that happen to turn bullish again. Although it is not surprising but  lots of people get strange by the recent bitcoin movement. Although we all are waiting for that day of Bitcoin.

It's nothing new while all investors think one way, there are some whale investors who do the opposite. Bitcoin's sudden bearish turn has surprised me. It has been rising and falling between $21k-$23k for the last couple of days and there is no doubt that it will turn bullish again at any time. It is hard to say that it will not turn more bearish. Investors should keep it under observation for at least one more week before investing.

[Fullcoinese]

In these times, the bitcoin to pump makes me wonder whether it is due to manipulation and short squeeze to liquidate many short positions opened on bitcoin?

The pump that occurs is quite powerful. after all, if you want to manipulate as you say, it is clear that it will use quite a large amount of funds to manipulate Bitcoin prices.
we still don't know if this is a trap or if it will continue in the next pump. it is clear that now his condition is quite stable. and the situation is like when the price went from $17k and pumped to $20k, and in a short time, it rose to $23k.
some analysts say it won't last long as a correction is imminent. but we may see another pump taking it to the next level.

[famososMuertos]

I think there is always a predisposition to understand that there is a why, when it comes to volatility in the essential link of what bitcoin means as an asset.

 So in my case always! surfing with that wave (volatility), so sometimes  I surf it with a rating of 10 pts other times zero.  But in essence each wave is ever to learning although that does not always mean taking the perfect wave.
__
(Squeeze; slang of poker, it best use in that context) 

[Inwestour]

When each and every analysis was bearish on the bitcoin and everyone was expecting bitcoin to dump to 12K-14K$, the bitcoin start pumping and reached 23K in few days time.

Also, when we look at the fundamentals, they are also all bearish with events like Luna Crash, FTX Crash, Stable coins fund, Gemini and other companies' bankruptcy.

Also, we do not have any positive news about bitcoin recently, do we?

In these times, the bitcoin to pump makes me wonder whether it is due to manipulation and short squeeze to liquidate many short positions opened on bitcoin?

Everything seemed too obvious, all the negativity implied further movement of the price of bitcoin down, and you are right there are no positive news, all, on the contrary, mostly negative news.

This is very similar to manipulative growth. I expected local growth, but I expected that it would be gradual, but in this case everything indicates that it was just a manipulation. This growth led to great liquidations, to large losses for traders.

But we also often hear that the market drives contrary to the expectations of the majority, and since most were waiting for a further fall, the market played against them.

[darkangel11]

When each and every analysis was bearish on the bitcoin and everyone was expecting bitcoin to dump to 12K-14K$, the bitcoin start pumping and reached 23K in few days time.

Remember that saying that the majority is always wrong about the market? If it was different most people would be rich.
Analysts don't have a clue. They try to predict bitcoin's moves by looking at 2018 when the economy was different, bitcoin was different, we had no pandemic, no wars... The environment is different and you can't accurately predict what's going to happen.
All of them have their own agenda. Some will act bearish because they want the price to go down to buy cheaper. Some will act bullish because they want  to pump the price so they can sell.

Also, when we look at the fundamentals, they are also all bearish with events like Luna Crash, FTX Crash, Stable coins fund, Gemini and other companies' bankruptcy.

No. It's you that are looking at this with a bearish bias.
Luna did not have anything to do with bitcoin. It was a shitcoin scam and we're better off without it. It was never a bitcoin fundamental!

Also, we do not have any positive news about bitcoin recently, do we?

Again you're showing bearish bias. Bitcoin doesn't need good news to go up, just as it doesn't need bad news to go down. When we went from the ATH back to 50k there was no bearish news.

[Leviathan.007]

When each and every analysis was bearish on the bitcoin and everyone was expecting bitcoin to dump to 12K-14K$, the bitcoin start pumping and reached 23K in few days time.

Also, when we look at the fundamentals, they are also all bearish with events like Luna Crash, FTX Crash, Stable coins fund, Gemini and other companies' bankruptcy.

Also, we do not have any positive news about bitcoin recently, do we?

In these times, the bitcoin to pump makes me wonder whether it is due to manipulation and short squeeze to liquidate many short positions opened on bitcoin?

I don't think it's a simple manipulation, but there can be some simple theories regarding this. Since we didn't have any confirmed positive signals from the market we cannot expect to see the bear market is over yet in the other hand we didn't have any good and positive fundamental signals so expecting to see a bull run is completely wrong atlest with the current situation. But I think it's just a correction to higher levels and after end of this correction we can expect to see the price even reaching lower prices.

[KennyR]

Can't help but think of manipulation still. Even the chart today is really weird when I see this pump couldn't sustain anymore that it has to be dumped right now or the plunge will be harder. Suddenly the market goes further up instead.

So what I can say is that if this is manipulated, it would really go below $15K. The futures traders are not going to take the risk of whether to go long or short, they are probably waiting where this market will go.

Whether the price will fall down or continues to bounce is upto the market. To me, it id good growth for users who have been worrying about the market in the bearish trend. At these kind of market situation it is good to make some money than looking upon the charts and getting into some sort of confusion.

[Sayeds56]

When each and every analysis was bearish on the bitcoin and everyone was expecting bitcoin to dump to 12K-14K$, the bitcoin start pumping and reached 23K in few days time.

Also, when we look at the fundamentals, they are also all bearish with events like Luna Crash, FTX Crash, Stable coins fund, Gemini and other companies' bankruptcy.

Also, we do not have any positive news about bitcoin recently, do we?

In these times, the bitcoin to pump makes me wonder whether it is due to manipulation and short squeeze to liquidate many short positions opened on bitcoin?

The moves in crypto market are often contrary to what generally market participants expect. This is how this market is, and it always comes with surprises. However, the current mini rally in crypto has some fundamental reasons behind it, such as, falling inflation rate and weakening dollar index. Additionally, market was in oversold position since long time and technical rebound was overdue. The continuation of current rally will depend on, next interest rate increase decision of FOMC, the meeting is scheduled to be held on 31st January.

[Fundamentals Of]

The Luna crash is an old story. The FTX crash was already priced in. The price when it crashed had plummeted to around $16,000 just when it was about to climb back to $20,000 and beyond, so it was already priced in also. Stable coins fund is not a big deal. So is the bankruptcy of Genesis. The bankruptcy of Genesis and even other platforms that have not declared their bankruptcy yet could have already been priced in also when the fall of FTX was acknowledged to be huge enough that it will definitely be causing a domino effect.

By the way, it's Genesis that went bankrupt, not Gemini.

[Tony116]

When each and every analysis was bearish on the bitcoin and everyone was expecting bitcoin to dump to 12K-14K$, the bitcoin start pumping and reached 23K in few days time.

Also, when we look at the fundamentals, they are also all bearish with events like Luna Crash, FTX Crash, Stable coins fund, Gemini and other companies' bankruptcy.

Also, we do not have any positive news about bitcoin recently, do we?

In these times, the bitcoin to pump makes me wonder whether it is due to manipulation and short squeeze to liquidate many short positions opened on bitcoin?

Nobody knows what's going on in the market, and I hear a lot of mixed opinions. But if you ask about my thoughts, I believe this is a manipulation, price trap of the market, so I would be more careful at this point than feeling overly optimistic about an upcoming bullish sign. Nonetheless, I still think that Bitcoin will go up to 25K-30K in the near future, I won't sell my bitcoin, with this profit still not big enough for me to sell my bitcoin.

[dansus021]

what are you saying is all possible but I would describe this as a mini bull run too. if you are looking at the weekly candles you will notice that the price might be in the oversold area this might be a correction and squeeze out short traders.

apparently there is no much good news out there except chapter 11 and laid off of big tech sector we need wait and see in my opinion if bitcoin could handle stay above 20K for couple of week we safe

[yhiaali3]

Also, we do not have any positive news about bitcoin recently, do we?

In these times, the bitcoin to pump makes me wonder whether it is due to manipulation and short squeeze to liquidate many short positions opened on bitcoin?

This is how I feel, quite frankly I was one of the people who expected the drop to continue and I did not expect that we would see a rally anytime soon so I am a bit surprised.

All indications and data were indicating that we did not finish the bearish market, but this rise occurred, perhaps there is manipulation by whales, or there may be some incomprehensible reasons.

In any case, the rise occurred, and we are now facing two possibilities: a negative one, if it breaks $20,200, which will lead to a correction, and a positive one, if it manages to surpass $23,300, which will continue the rise.

[posi]

It is tough to say but it is clear that $16k was way below the intrinsic value of bitcoin whether you want to compute it based on the cost of mining which some people do or based on the historical price movements where $20k was the last bubble's peak we saw back in 2017 and price never goes below it. Not to mention with all the adoption we had price had to have gone up not go down. But when a lot of bitcoin is unloaded on a small market with thinned order books, the price tends to go below the intrinsic value very easily.

I agree that $15K is not worth it for bitcoin given the increasingly expensive mining fees. Bitcoin has never dipped and traded below last ATH (at 2017) and $20K and above should be decent value for it. But I can't really be sure what caused bitcoin to break the habit, and now I think it's good to expect bitcoin to retain $20K to its price.

Anything can happen, and habits can still be changed is not too surprising. Bitcoin is still a manipulated market, while players like us get smarter, the market needs to become more unpredictable as well. So I wouldn't be surprised if there are any major fluctuations in 2023.

If talking about the real value of bitcoin with what it can bring, then $ 100k is still not its true value, bitcoin deserves a much higher value like that. But since everything is still in development, being manipulated is unstoppable.

[Sayeds56]

what are you saying is all possible but I would describe this as a mini bull run too. if you are looking at the weekly candles you will notice that the price might be in the oversold area this might be a correction and squeeze out short traders.

apparently there is no much good news out there except chapter 11 and laid off of big tech sector we need wait and see in my opinion if bitcoin could handle stay above 20K for couple of week we safe

The recent upward move in Bitcoin price, despite only positive news being the recovery from the collapse of FTX, is not believed to be manipulation. It is hoped that Bitcoin will maintain its position above the 200-day moving average of around 19,600 for several weeks, as this could indicate a period of stability and increase the likelihood of breaking the next significant resistance level of 25,000. The monetary policy announcement on January 21st is a crucial event that will determine the future direction of the market, and we will have to wait & see what happens.

[michellee]

It looks like the mini bull run situation is over for a while because the price is starting to decline, although it doesn't drop too deep. But that suffices to mention that the market is currently correcting and either this correction will continue to bring the price down further or will only take the price higher and could reach $25k.

I can't still tell where the market is going because it doesn't seem like the price is moving too fast and seems to be slowing down. And this is where we have to be careful because there is a possibility that discharge will come again and that pumping can also occur.