Bitcoin 2023, Bullish or Bearish?

[Why you bully me]

Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? I would love to hear why. I personally believe this is a bear market rally or something similar. 

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[elevates]

I think it will neither be bearish nor bullish. It will remain sideways and continue to do that with some gains until the next halving. If you are not aware of when the next halving will happen then it is scheduled to happen next year. I am expecting a good bull run after the halving.

Till 2019 Bitcoin somewhat was following the cycle of 2017 when we saw for the first time a big ATH. After 2019 it did not follow that same cycle but after the last halving it took some months then we saw a big bull run. I am confident we will see the same cycle next year or in 2025. We should be happy that Bitcoin never went down in 2022 or 2023 as it did in 2018.

[Z-tight]

I believe you should move this topic to speculation since it is not a discussion about BTC in itself, but about speculations on BTC's price.

2023 has started well, last year many events happened such as centralized services collapsing and economic problems which contributed to keep BTC price down. The year just started and it is difficult to predict too far-off, we have to wait and see what events happen this year to know if it will continue in a bullish way or be bearish.

[Oshosondy]

Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? I would love to hear why. I personally believe this is a bear market rally or something similar. 

Bullsih or bearish, this is still the best time to accumulate.

I think it will neither be bearish nor bullish. It will remain sideways and continue to do that with some gain until the next halving.

It would be busslish and bearish, but in total it would be bullish, this year started with less $20000, but I expect bitcoin to be more than $20000 as next year come.

[Maestro75]

Bitcoin has remained bullish for years if you follow the charts. Even when we think it is bearish, it is still bullish from the chart since it was created. I hope you understand me. There is no year that bitcoin has clearly been bearish or bullish. There is always a mixture of the both, bearish and bullish. My assessment of it this 2023 is that it will do more of bull than bear, we can feel that already starting in January. I want to see more of price rise in February than what we found in January, and more in the rest of the months this year. That is my position.

[BlackHatCoiner]

I'm constantly bullish on bitcoin, because it's been proved an excellent capital appreciation machine. You just buy it, wait for a minimum of 3 years, and then you start seeing profit. Even a person who bought at the pick of December 2017, and who didn't decide to sell on the 2021 bull run, enjoys profit.

Convince yourself it's a desired asset, and add the fact that it has a steady supply schedule, and you're done. The combination rocks. Find me another asset with such feature.

[bettercrypto]

Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? I would love to hear why. I personally believe this is a bear market rally or something similar. 

Maybe when the price of bitcoin plays constantly between 22k$-23k$ until June 2023 it can be said that we are still in a bearish season, but if the price value of Bitcoin goes beyond that then it may be a sign that we are gradually entering the Bullish season. That's why it's better than anyone accumulates bitcoin little by little like I do while it's still early.

  Because let's just remember that the market is volatile, we don't know and no one knows when its price value will increase and decrease in the market.

[cryptosize]

Bullish till June, then bearish till the next winter.

[Why you bully me]

Bullish till June, then bearish till the next winter.

why

[ethereumhunter]

Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? I would love to hear why. I personally believe this is a bear market rally or something similar. 

We have seen that bitcoin has had a good rise in the past 2 months and now, it looks like the price of bitcoin wants to break through another $24k. Maybe overall, the bitcoin market is still bearish because the price is still under $30k. However, if we look at the bitcoin price movement, there is a recovery phase that is still ongoing and it is possible that this year, the recovery phase will get stronger ahead of next year's halving. If you have invested in bitcoin in the sense that you only buy and store, you can continue what you have done up to a certain price limit or a certain period. After that, you just have to be patient and wait for the price to penetrate the last ATH price, then you can sell bitcoin to take profit.

[cryptosize]

Bullish till June, then bearish till the next winter.

why

2023 is almost exactly like 2019 if you look at the charts. BTC back in 2019 pumped till June (@13k) and then it went down to 4-5k in March 2020.

There's a chance the 2023-2024 winter will be really harsh in Europe (unlike the current mild winter), which could potentially spur a new crisis (akin to COVID/March 2020 meltdown) if LNG reserves are depleted...

Either way, I believe 2023-2024 will be an excellent period for accumulation/DCA (if you're into that). 5-digit BTC is considered cheap. 4-digit BTC is a thing of the past, we'll never see that again.

By 2025 Bitcoin's price will have risen to 6 digits, so I would stop BTC purchases by late 2024 (just before the US elections and FED's new climate-driven QE).

[Zaguru12]

We have seen that bitcoin has had a good rise in the past 2 months and now, it looks like the price of bitcoin wants to break through another $24k. Maybe overall, the bitcoin market is still bearish because the price is still under $30k. However, if we look at the bitcoin price movement, there is a recovery phase that is still ongoing and it is possible that this year, the recovery phase will get stronger ahead of next year's halving. If you have invested in bitcoin in the sense that you only buy and store, you can continue what you have done up to a certain price limit or a certain period. After that, you just have to be patient and wait for the price to penetrate the last ATH price, then you can sell bitcoin to take profit.

I also think same as you do. Although I expected the first quarter to be bearish but this seems more like a recovery period and not bullish I would have to wait till it crosses over the 25k mark and see maybe it has stability there. The second might follow same trend of the first but I have a feeling that the last quarters will be bearish because the 2024 halving might be hyped then. This year entirely is just to risky to think of selling off ones coins one should accumulate and the best way to do it is a weekly DCA

[OgNasty]

I think it's pretty clear that we're off to a bullish start if nothing else...  The thing people don't seem to understand about the current global marketplace is that a massive amount of money was just printed.  This isn't normal, well, not to the extent that they did it.  This is going to cause the price of pretty much everything to increase.  Sure, the government is trying to cause a recession to keep prices down and allow them to scoop up assets from out of work Americans to help them get into a position to "help" people in need.  This is what they do.  Don't let go of any of your assets in this coming engineered recession or it will hurt your financial situation the rest of your life...

[cryptosize]

a massive amount of money was just printed

During QT?

QE stopped a while ago...

[yudi09]

Bullish or bearish at this time does not really matter to those of us who are still eager to collect as much Bitcoin as possible before the new ATH comes.
Believe me that everyone who has faith in Bitcoin is still eager to buy before ATH so that wherever the direction of the chart moves is not really something that makes people think about whether this situation is bullish or bearish on the current market situation because in the end what is wanted is profit.

In conclusion, buy and be patient if you want to make a profit. It may take up to 2 or 3 years. 2023 the market is in a good mood.

[Yatsan]

Too early to know, impossible to determine in the first place. Indeed we saw an increase when this year started which is a good thing, especially after seeing how long the market prices have shown no signs of recovery last year. But I doubt it is enough for a bullish run. What's expected is for bullish trend to occur in 2024 because of the anticipated Bitcoin halving and assumptions are based from the past. But since this year started with green marks, I think there are chances for atleast half of ATH prices to be reached if things would be somehow consistent. Let us just hope that there'll be no correction to happen as this year goes by, in order for this industry to not struggle that much before this year end.

[bestcoins1]

Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? I would love to hear why. I personally believe this is a bear market rally or something similar. 

The ongoing price recovery at the start of 2023 is a good start before heading into a true bull run. Because the recovery that still looks a little unable to conclude whether it is bullish or not at this time or for this year. From the improvements I've seen over the past month, I consider this a very normal thing to happen and I don't consider it to be bullish because it's too early to assume that at the start of this year. So all this time I've been waiting for a real bullish and even bigger increase from the one that's been happening over the last month

[ethereumhunter]

We have seen that bitcoin has had a good rise in the past 2 months and now, it looks like the price of bitcoin wants to break through another $24k. Maybe overall, the bitcoin market is still bearish because the price is still under $30k. However, if we look at the bitcoin price movement, there is a recovery phase that is still ongoing and it is possible that this year, the recovery phase will get stronger ahead of next year's halving. If you have invested in bitcoin in the sense that you only buy and store, you can continue what you have done up to a certain price limit or a certain period. After that, you just have to be patient and wait for the price to penetrate the last ATH price, then you can sell bitcoin to take profit.

I also think same as you do. Although I expected the first quarter to be bearish but this seems more like a recovery period and not bullish I would have to wait till it crosses over the 25k mark and see maybe it has stability there. The second might follow same trend of the first but I have a feeling that the last quarters will be bearish because the 2024 halving might be hyped then. This year entirely is just to risky to think of selling off ones coins one should accumulate and the best way to do it is a weekly DCA

Even though it is currently a recovery period, we have seen progress from bitcoin, which can increase in price so this is a good phase for bitcoin. Well, maybe we still see market conditions like this for a while. And even though the market has crossed the $25k barrier, we still have to be patient as the current dips are deep and it will take time to get around the last ATH price. But as long as you don't sell your bitcoins at a low price but hold them and try to do weekly or monthly DCA, I think you can see a bullish process coming soon. This year is still a mystery because we don't know how bitcoin will move.

[Yaunfitda]

Bullish till June, then bearish till the next winter.

why

2023 is almost exactly like 2019 if you look at the charts. BTC back in 2019 pumped till June (@13k) and then it went down to 4-5k in March 2020.

It's because of Covid-19 that time, the first time it was reported to the world or at least the lockdown for most countries started around that time frame and so the effect on us is huge.

There's a chance the 2023-2024 winter will be really harsh in Europe (unlike the current mild winter), which could potentially spur a new crisis (akin to COVID/March 2020 meltdown) if LNG reserves are depleted...

I think that's two different scenario, Covid is global while it might be hard weather in Europe because of snow, I don't think it will have a drastic effect on the other part of the globe.

Either way, I believe 2023-2024 will be an excellent period for accumulation/DCA (if you're into that). 5-digit BTC is considered cheap. 4-digit BTC is a thing of the past, we'll never see that again.

By 2025 Bitcoin's price will have risen to 6 digits, so I would stop BTC purchases by late 2024 (just before the US elections and FED's new climate-driven QE).

Still a lot of time for us to accumulate and buy through DCA and any other strategy that fits our goal.

6 digits might just be a conservative estimates, there are predictions to $200k or more, but just like the rest of predictions, it's just wild and educated guess (with the help of TA).

[Oceat]

If this is 2019 most would say is it's still bullish despite of the price difference but it's different now from the past. So, I would say, it's kind of in the middle, not bearish yet not bullish enough but it's a fair price for accumulation or selling to make profit. If your only goal is to hodl for a long time then this is quite bearish and it should be your accumulation phase rather than selling period.

If Bitcoin would touch $30k I might consider it bullish but that's quite far from the truth to happen yet maybe in 2024 or 2025 but that time will be the halving and the next bull run trigger point.