Month January 23 - the best month since bitcoin?

[MinoRaiola]

A look at the stats shows that the month January could be the best since 2013, or the best since Bitcoin exists. I mean only the months of January. In 01.2013 with +44.05% and currently at about 43%. There are still a little more than two days to go, so it's possible. What do you think?


Quelle: https://de.cointelegraph.com/news/bitcoin-sees-worst-monthly-close-in-2-years-as-traders-watch-16-7k

[1715370833]

1715370833

[1715370833]

1715370833

[uneng]

Bitcoin has to surpass 24,000$ price range yet, what seems the currently resistance level. I'm hopeful it's still possible to happen, so it's going to be huge news to boost investors' optimism, consequently making bitcoin more bullish for the upcoming months.

If a similar tendency to 2013's repeats itself, we are going to see massive gains on the next months. That would be great to recover at least the 40,000$ price level this year, and then half of the way for the next ATH would be already completed.

[n0ne]

Bitcoin has to surpass 24,000$ price range yet, what seems the currently resistance level. I'm hopeful it's still possible to happen, so it's going to be huge news to boost investors' optimism, consequently making bitcoin more bullish for the upcoming months.

If a similar tendency to 2013's repeats itself, we are going to see massive gains on the next months. That would be great to recover at least the 40,000$ price level this year, and then half of the way for the next ATH would be already completed.

The price of bitcoin will surely rise in the left days of the month. Based on the growth that have taken place through the month we're to cross $25k. The resistance level seems to be at $25k. Growth percentage of bitcoin is on a cycle and now it is getting repeated. Based on which we can expect good bounce in the upcoming months even though the halving is scheduled for the year 2024.

[AmoreJaz]

Bitcoin has to surpass 24,000$ price range yet, what seems the currently resistance level. I'm hopeful it's still possible to happen, so it's going to be huge news to boost investors' optimism, consequently making bitcoin more bullish for the upcoming months.

If a similar tendency to 2013's repeats itself, we are going to see massive gains on the next months. That would be great to recover at least the 40,000$ price level this year, and then half of the way for the next ATH would be already completed.

$24k is not difficult to surpass as we are actually almost to that level. 23700 and still going up. it may hit 25k fast very soon. so yes, it may indeed boost the positive vibes in this market and may create buying spree for some users. though 40k level is still far from happening, but we are only one month over this year.

[uneng]

$24k is not difficult to surpass as we are actually almost to that level. 23700 and still going up. it may hit 25k fast very soon. so yes, it may indeed boost the positive vibes in this market and may create buying spree for some users.

Bitcoin hit 23,907$ two hours ago. It was so close... But the 24,000$ mark couldn't be surpassed yet. Then a little correction came and brought bitcoin to the price you mentioned above. Investors just need to put some more pressure on their buy orders and they can overcome the 24,000$ wall.

Everyone else just have to keep holding. Without short trades, we increase the chances it's going to happen in the next 48 hours, so this month will be a historical one!

though 40k level is still far from happening, but we are only one month over this year.

It's true. It's only the first month of the year, what means bitcoin is just beginning.

[franky1]

what we have is whales on future contracts..
december saw a month long resistace spot wall created so futures whales can win the sub $17k bets in december
1st-8th at 17k
11th-18th at 21.5k
20th-28th at 23k

we shall see if the whales turn off their resistance spot bots and leave hem off or just set them at a new higher or lower resistance

i suspect theres another whale at a 25th-1st gamble of $23k

[Yatsan]

Well it could be but I guess it won't mean a thing. What we are waiting for is a total recovery on the market price of cryptos. We are not yet sure whether this industry would be able to fully recover this year given that the anticipated increase would be on next year thru Bitcoin Halving. But I am still glad that after months of this market being down, we again saw green marks over this industry and that is a good indicator. More likely, if there would be good things to happen in this industry, we may see atleast half of their ATH price to be reached before this year end. Still a long way to go in the first place and many things could still take place as this year continues.

[franky1]

Well it could be but I guess it won't mean a thing. What we are waiting for is a total recovery

recovery..?
oh please take your inflation economics words/mindset and turn them upside down(bitcoin is deflationary by the way)

the 2021 ATh was not a point of sustained value. it was a inflation bubble PREMIUM due to burst like all ATH do.
the burst and recovery(correct down) back from a premium to near value point. which in 2022 was a $15k value bottom and a market price bottom of $16k

the recovery happened. now its the growth.
slow growth is good as it gives the time for the non-zero bottom value to grow too (below the market price). without the high speculation volatility bubble and pops of the market price going too premium to pop again soon

[Ojima-ojo]

It quite an exciting moment for those of us that hard low entry level multiple times in the last low and at. This time we are already on profits mergin, but not being a short term investor is what motivates our current standing as none DCA inspired bitcoin holders and at that the price of Bitcoin doesn't move us any more.

But also we can say that it is too early to start predicting a bull run and pahaps we should take this current market situation as bitcoin trying to rebound back to a significant price high, that will sustain it future events and making a push to an ATH when the market have enough liquidity to sustain a new high.

[maydna]

Ah, that was close to touching $24k. If it can touch the $24k level even a little bit, there's a good chance it will continue to increase. But that's okay, bitcoin still has time to rise higher, and this is proof that bitcoin will go up slowly.

Be patient, everyone, hold on tight to your bitcoin and hopefully, in the next month, the price of bitcoin can penetrate $ 24k and $ 25k well and continue to slide up.

This January, the bitcoin price has attempted to increase from $15k to $23k, and there is still plenty of time for the bitcoin price to keep increasing. And we can still buy bitcoin at the current price. And it could be that $24k will be closing this January, so in the next month, there is more opportunity to increase the price again.

[1miau]

There are still a little more than two days to go, so it's possible. What do you think?

It quite doesn't matter what I think because prices can go up or they can go down and such a short period of time is not possible to predict: until end of January are just 2 more days. For such a short period of time, it's somehow like 50% chance each for increasing prices or decreasing prices.
Maybe a bit more chance to increase in value because Bitcoin's fundamentals are designed like that (numbers go up) but it's not possible to make an educated prediction when just 2 days are left.

We can say one thing for sure:
A very positive (green) January is an extremely bullish sign for 2023, especially since Bitcoin's next halving is only 1 year away. 

Quelle: https://de.cointelegraph.com/news/bitcoin-sees-worst-monthly-close-in-2-years-as-traders-watch-16-7k

What's Quelle, do you mean source maybe? 

[Fundamentals Of]

It is possible. I think this January will be able to beat the record currently held by January of 2013. There are still around two days left before January of 2023 will end. And it seems the current trend is upward. I think the price would easily surpass $24,000 within this month.

Even if the month closes at $24,000 only, the record is already broken. Coingecko's price of Bitcoin on January 1, 2023 was $16,600. If the month closes at $24,000, that's already above 44.05% of growth. That's a new record.

[Poker Player]

What do you think?

What I think is that it is normal that we see these kinds of returns when we have fallen so low. Recovering is logical if we look at the bitcoins mined, the production ratio and the general situation, as Bitcoin was too cheap, and it was normal to return to at least levels above $20k.


Whether it ends up being the best January to date or not, I don't care. It's an isolated statistic that I don't care about.

[BlackBoss_]

A look at the stats shows that the Monar January could be the best since 2013, or the best since Bitcoin exists. I mean only the months of January.

Rather than relying on and waiting for reports from Cointelegraph, you can get it directly from
https://cryptorank.io/price/bitcoin
https://checkonchain.com/btconchain/monthlyreturns_pricing_usd/monthlyreturns_pricing_usd_light.html

In 01.2013 with +44.05% and currently at about 43%. There are still a little more than two days to go, so it's possible. What do you think?

Sorry and I am not offending you but what is a difference between 43% and 44.05%? It is a difference but too tiny.

And it's better if you compare between two bearish years or between two bullish years. 2013 and 2017, 2021 or compare 2023 with 2019 and 2015.

Lastly Bitcoin volatility looks to be shrinked and less wild than past few years and early years since it was tradable after 2pizzas event.

The Mayer Multiple Chart shows this https://charts.woobull.com/bitcoin-mayer-multiple/

[crypticj]

Honestly, I still think it will tank down. Unfortunately, the macro economy is still sucked so I expect bitcoin to go to +-15,000. But after that, we will see 100k for sure. But it will probably happen only in 2024.

[BlackBoss_]

Honestly, I still think it will tank down. Unfortunately, the macro economy is still sucked so I expect bitcoin to go to +-15,000. But after that, we will see 100k for sure. But it will probably happen only in 2024.

I am more positive that Bitcoin will climb slowly to about $30,000 after that it will be corrected so seriously. Maybe at the end of 2023, we will see Bitcoin around $30,000 after it recovers from the correction.

A big bull run will be in a halving year so 2024 will be a very great and exciting year for us.

I am not worrying about how Bitcoin will move in 2023 but I am focusing more on my plan to DCA Bitcoin. I don't want to miss a 2024 and 2025 bull run.
https://dcabtc.com/

[Nrcewker]

Bitcoin has to surpass 24,000$ price range yet, what seems the currently resistance level. I'm hopeful it's still possible to happen, so it's going to be huge news to boost investors' optimism, consequently making bitcoin more bullish for the upcoming months.

I think it will be really tough for Bitcoins to break the resistance and reach 24k usd mark in just 1 and half days. Bitcoins have already proved his capacity by jumping to 23k usd from sudden 18k usd price point. So yes people who have lost faith in BTC, are now again buying it. The sudden price jump had already made hype in the mind of investors, as this will lead to a bullish season. We don’t have accurate results whether Bitcoins are always up during January or not, but yes this time January was a blessing for all the crypto investors.

[slaman29]

The context of being the best month in terms of improvement is that we also went through a period of the worst time in recent months for Bitcoin. You know, like being last in class all the time, and suddenly getting 10th position and being the most improved student in the entire school history

But anyway, I'm not saying it's a bad thing. I think it could be a great thing too actually. Optimism!!

[MinoRaiola]

Many thanks for your opinions.

Whether it ends up being the best January to date or not, I don't care. It's an isolated statistic that I don't care about.

You are welcome to write the truth. that's okay.

Sorry and I am not offending you but what is a difference between 43% and 44.05%? It is a difference but too tiny.

It was only current % that I wrote down at that moment. The price is currently going down again. Everything is OK, feel free to write what you think.

The context of being the best month in terms of improvement is that we also went through a period of the worst time in recent months for Bitcoin. You know, like being last in class all the time, and suddenly getting 10th position and being the most improved student in the entire school history

But anyway, I'm not saying it's a bad thing. I think it could be a great thing too actually. Optimism!!

So I wouldn't compare it with 2013 and the coming months. But greed is on the rise again.

Bitcoin has to surpass 24,000$ price range yet, what seems the currently resistance level. I'm hopeful it's still possible to happen, so it's going to be huge news to boost investors' optimism, consequently making bitcoin more bullish for the upcoming months.

If a similar tendency to 2013's repeats itself, we are going to see massive gains on the next months. That would be great to recover at least the 40,000$ price level this year, and then half of the way for the next ATH would be already completed.

There are 10 years between 2013 and today, we can't compare it. But if Bitcoin continues like this for 1-2 months and we see a new BIG NEWS, then 40,000 USD could be possible, hopefully.

[CoinEraser]

-snip- We can say one thing for sure:
A very positive (green) January is an extremely bullish sign for 2023, especially since Bitcoin's next halving is only 1 year away. 

Bullish sign sounds too positive in my opinion. Whether 2023 will really be that good remains to be seen. But overall we can say that january 2023 was a good month for bitcoin. Precisely because the next halving is still a year away, I remain positively skeptical. 

What's Quelle, do you mean source maybe? 

You really see everything. I wouldn't have noticed. Quelle is a mail order company. Sorry I couldn't resist making that joke.