Month January 23 - the best month since bitcoin?

[MinoRaiola]

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.

Your opinion is probably exactly right at the moment, the price dropp 1,000 USD. But after 2022 we finally have some FOMO again.

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

Its a German word and I come from Germany, thats my mistake, please forgive me. In germany we say Korinthenkacker. Its also a joke, please don't hit me 

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[AverageGlabella]

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

The recovery has not happened how has it happened when we were much higher then we are right now? We might be in the recovery but we are not recovered yet. The bitcoin price jump was not because of inflation and btc being deflationary would support the argument of a total recovery. If you believe btc is deflationary then the bottom means nothing and the only concern is recovering to our ath or near enough it. Atm we are a too far away to call this a recovery.

[Obari]

This is a great news for we crypto lovers and holders and even without doubt, well all agree that Bitcoin despite it's setbacks, has been fighting seriously this month and it seems it's been moving upward positively.
I understand that it will require Bitcoin to surpass $24k in other to hit that expections of OP but just as we all know that nothing is impossible with Bitcoin especially when it comes to prove volatility of Bitcoin.
Let's all stay positive and very optimistic about the price as anything can possibly happen in this last day of the month.

I also don't want to seem like the evil or black sheep here but hope we're also making plans on how to cop just in case the price doesn't move as we expect or predict ?
There are always lots of surprises with crypto (Bitcoin)

[The Cryptovator]

Bitcoin has been performing in a decent manner so far. This month has just one day left. Therefore, you can see Bitcoin's current movement if you compare it to its movement from the previous year. I think that the price of bitcoin is rising this month. Me included, many of us anticipated a Bitcoin correction. However, it didn't occur until now and priced about $23,000. Since the start of this year, Bitcoin has shown strength. As there hasn't been a price reset yet, I am hoping for the best.

[Smartvirus]

I would say, it still comes with the some breath taking risk. From the statistics presented in the charts, the year 2013 isn't the only year that kicked off with the bulls pushing price up. The year 2021 had similar occurance and still, I closed bearish. I could give the same speculation  to this year give that, the bears at the moment are very much creating a strong resistance at $23k which still shows there presence and power in the market.
Based on that, we can keep watch and expect the unexpected because, bitcoin price is just something one can't predict accurate just based on records or whatever stats you've got. It would still move in a direction you just weren't expecting. Although, 2023 isn't going to be like last year for sure.

[Ultegra134]

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

The recovery has not happened how has it happened when we were much higher then we are right now? We might be in the recovery but we are not recovered yet. The bitcoin price jump was not because of inflation and btc being deflationary would support the argument of a total recovery. If you believe btc is deflationary then the bottom means nothing and the only concern is recovering to our ath or near enough it. Atm we are a too far away to call this a recovery.

As Franky already mentioned, the ATH wasn't of sustainable value; it was a bubble bound to burst. It was unrealistic to speculate that Bitcoin would just keep gaining in value; it needs sustained growth, and that's what's happening right now. The bottom was at approximately $15,000; now we're back in our growth phase, and that's a recovery. Just because it's not the recovery many users anticipate, due to them taking into account the $69,000 ATH, doesn't mean we're not headed towards one. It's way too early to speculate on the future, but the halving is about a year from now.

[Newlifebtc]

Everybody is shouting because of the little increment of Bitcoin so I can believe that bitcoin have a growth in this January 2023 but it's not due or enough for me to say that bitcoin is all in this new year or bitcoin have reached her ponder that we cannot think of it falling again so this time around I think about bitcoin still have a long way to go before it will fall or rise

[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 recovery has not ..
 We might be in the recovery ..
but we are not recovered yet...
btc being deflationary would support the argument of a total recovery. If you believe btc is deflationary then the bottom means nothing and the only concern is recovering to our ath or near enough it. Atm we are a too far away to call this a recovery.

As Franky already mentioned, the ATH wasn't of sustainable value; it was a bubble bound to burst. It was unrealistic to speculate that Bitcoin would just keep gaining in value; it needs sustained growth, and that's what's happening right now. The bottom was at approximately $15,000; now we're back in our growth phase, and that's a recovery. Just because it's not the recovery many users anticipate,

those shouting that growth is recovery have the mindset that bitcoin was suppose to be higher and that we crashed and now its healing, recovering

no. just no.
the ATH is a temporary event. not the point of value. its infact a point of premium. where you are more guaranteed to lose value buying in at the ATH

reality is that VALUE is not found at the high. the "store of value" is not the ATH amount

the store of value is the non-zero bottom

EG 2021 was $10k store of value
EG 2022 was $15k store of value

when the market premiumed to $70k
that meant that anyone buying at $70k was not protecting 100% of their wealth
they were only protecting 22% of their wealth

to protect say 95% of wealth is better to have bought 4.375btc at $16k rather than 1btc at $70k**

the recovery/value correction is when the speculative market comes back down from a speculative premium ATH bubble

thats the key good buying point of bitcoin. the ATh is not the good value store of btc. thats the good value store of fiat when your about to sell to get fiat.

again thinking if from a fiat inflation side where all you care about is maximising fiat you need to flip the mindset when talking about trying to maximise your btc holdings

**
think about it.. which is better
buy 1btc at $70k. it then corrects and recovers to near value of $16k by which if it then rose to 90$ in 2023 you only gain $20k when you sell

or buying 4.375k for that same fiat lump of $70k investment. which again if market then goes to $90k = 393.75(4.375@90) meaning you gain 323k on your initial $70k

..
those shouting that recovering to some ATH is the ones thinking in fiat mindset of their exit of a FIAT investment.. .. not thinking of value recovering/correction down of investing in btc

you are not a bitcoin investor if all you can think of is future holdings of mass fiat.
a bitcoin investor is thinking about accumilating bitcoin and protecting his wealth in the process by buying low

[dansus021]

According your table the best month October look at that 10 Year and only 2 missing its like a win streak just like February did better pack it up right now and selling on February buy again march sell it on April or July

[bounceback]

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.

A few days ago bitcoin tried to capture the $24k area but unfortunately bitcoin was only able to be in the $23,918k area according to the Coinmarketcap price movement chart and became the highest level of bitcoin during January, after being able to be at the highest level of the area only for a while then the bitcoin price underwent a slight correction came back and is now down to a price of $22,841k at the time of this post.
There are only a few hours left in late January and it doesn't look like bitcoin has the strength to close the month at $25k as there are currently no positive signs to help propel its move towards that price for the rest of the month.

[CoinEraser]

Your opinion is probably exactly right at the moment, the price dropp 1,000 USD. But after 2022 we finally have some FOMO again.

Yes, that's right. Either way, 2023 has got off to a good start and some FOMO is certainly not bad for the overall market. 

Its a German word and I come from Germany, thats my mistake, please forgive me. In germany we say Korinthenkacker. Its also a joke, please don't hit me 

I know that, and there's nothing wrong with that. Hope you didn't take my little joke too personally. Didn't mean you any harm. 

[slaman29]

Your opinion is probably exactly right at the moment, the price dropp 1,000 USD. But after 2022 we finally have some FOMO again.

Yes, that's right. Either way, 2023 has got off to a good start and some FOMO is certainly not bad for the overall market. 

And I would repeat what I thought two days ago when I first replied to this thread, I think there is nothing wrong with having a bit of optimism, even though the context is that Bitcoin was performing so so badly that it was impossible to do even worse

Optimism and FOMO in January might not be a bad thing at all, we all need a little break!

Now if we could please at least hold on to this sideways above 20000 for the entire February it would be great. I feel as if the problem now is confidence is so hard to build in the market after so many consecutive beatings in 2022.

[kryptqnick]

It's an interesting observation, and it seems that the rise is indeed higher than ever since 2013. However, that doesn't mean much per se, of course, as if other months don't go well, it won't be much of an achievement. I must say, though, that I didn't notice that the increase was so high, I was surprised to see 40% when I calculated the change myself. So far, so good. I'm happy Bitcoin is holding together well now, but I won't be surprised if there will be a fall back to the previous $17k or $20k barrier.

[worle1bm]

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 also optimistic about its growth but frankly saying $100k at this time seems long term game as first we have to break down the previous ATH of $68K and then head towards the next goal but yes it's achievable if are patient enough.But for short term it can go down also with any FUD or negative news but happy to see some small pumps taking it above $22k after long wait so let's see how well it goes from here.

[inthelongrun]

Nice tracking of the monthly performance of bitcoin price in the previous years. I'm saving the graph for future reference. Maybe Chinese whales are trading according to their beliefs and superstitions. So since 2013, Februaries and Octobers are the best months for bitcoin. And I thought the ghost months are the worst months to trade but it seems that Septembers are the worst months. Anyways, we might not have the same performance this month since January lit it up already with a nearly 50% increase. But we might see another bull run if bitcoin breaks the $24k-$25k resistance.

[Fara Chan]

The recovery has not happened how has it happened when we were much higher then we are right now? We might be in the recovery but we are not recovered yet. The bitcoin price jump was not because of inflation and btc being deflationary would support the argument of a total recovery. If you believe btc is deflationary then the bottom means nothing and the only concern is recovering to our ath or near enough it. Atm we are a too far away to call this a recovery.

Yeah right, it's not a very significant recovery for Bitcoin and can't say it's recovered, but at least right now from some of the upswing and starting from early january we think we've had a bit of a recovery that hasn't fully recovered, and we think Bitcoin performed well this month, and was able to end january at a good price, even though it didn't hit that significant ATH.

[19Nov16]

The price at the end of december was around $16k and last january had touched $23700 so there was an increase of around 45%, you could say since bitcoin skyrocketed in 2013 then last january's increase was the highest, of course bitcoin is being reported more and more by the media and this keeps new users growing so I'm sure that in 2023 there will be new ATH again.

[fuguebtc]

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.

Agree, bitcoin will have to be correct as we are still in the bear season, and the economy is still very volatile, it is not as stable as people imagine. Inflation is falling, but that doesn't mean the economy is recovering, looking at big businesses laying off thousands of employees every month is enough to see the economy is not good. Therefore, it is difficult to expect the financial industry or the cryptocurrency market to recover significantly. But the exciting thing is that no one knows how far this bitcoin pump will reach before the correction.

[yhiaali3]

We have passed 24k, so I expect it to be easy to reach the next target of 25k. If we manage to pass 25k, I expect, in my opinion, the next target will be 28k, and then 30k as the last goal in this interim period.

In general, Bitcoin's behavior was very good in the first month of 2023, which is the best in almost ten years. This is very promising behavior, especially as we approach Halving next year.

Of course, we have to mention that during that we might see a lot of corrections, but this is not effective in the long term.

[Jody.Drummer]

We have passed 24k, so I expect it to be easy to reach the next target of 25k. If we manage to pass 25k, I expect, in my opinion, the next target will be 28k, and then 30k as the last goal in this interim period.

In general, Bitcoin's behavior was very good in the first month of 2023, which is the best in almost ten years. This is very promising behavior, especially as we approach Halving next year.

Of course, we have to mention that during that we might see a lot of corrections, but this is not effective in the long term.

I saw yesterday being there but now the price is back at $ 23.4k, but with conditions like this it makes me a little more optimistic now because indeed they can still be in better conditions.
However, stay alert if you are a day trader as there can be some unexpected ups and downs which makes this a bit more risky although it is less impactful for those in the long term.