Bitcoin 2023, Bullish or Bearish?

[pooya87]

are you bullish or bearish on bitcoin and why?

I'm always bullish on bitcoin regardless of what is happening to the price because I see the long term charts not the short term. Imagine you could buy bitcoin at $400 right now, would you not be bullish on it. $400 was the price I started with and it got dumped all the way down to $150 but nobody cares about that now that price is $20000.

As for short term (yearly trend) we have a lot of positive signals that could turn this into a the big bull market that we are very familiar with so the hopes are up. But we also have negative signals same as 2022 but the difference is that they are not new (recession, etc. that has been going on for a year now). So they may not be such big deals.

[CoinEraser]

Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? -snip-

I'm still skeptical that we'll see a bull run this year. Sure, the price went up and that's a good sign, but there hasn't been a bull run before a halving, I think, if I remember correctly. I hope 2023 will be better than 2022, but that shouldn't be too difficult to achieve either. Therefore, I say I am not bullish or bearish, but I am positive about the price development. 

[Why you bully me]

Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? -snip-

I'm still skeptical that we'll see a bull run this year. Sure, the price went up and that's a good sign, but there hasn't been a bull run before a halving, I think, if I remember correctly. I hope 2023 will be better than 2022, but that shouldn't be too difficult to achieve either. Therefore, I say I am not bullish or bearish, but I am positive about the price development. 

Do you think new low (lower than the ftx) of btc will be hit before the next bull run ?

[CoinEraser]

-snip-

Do you think new low (lower than the ftx) of btc will be hit before the next bull run ?

That's hard to predict. If we don't get another wave of bad news, I assume that we won't see such a low again this year or before the next bull run. But with the year still long, surely no one can predict what will really happen. But as already written, I'm assuming a good year in terms of price. 

[Why you bully me]

-snip-

Do you think new low (lower than the ftx) of btc will be hit before the next bull run ?

That's hard to predict. If we don't get another wave of bad news, I assume that we won't see such a low again this year or before the next bull run. But with the year still long, surely no one can predict what will really happen. But as already written, I'm assuming a good year in terms of price. 

Thanks for help, I will keep watching price

[Dickiy]

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. 

people often see that now they are still in a bearish phase, but for me in Q1 2023 this is considered bullish, we can see that the increase that has occurred in bitcoin and Alltcoin in the market is enough to give those who buy at -$17k. Far from my hope that bitcoin will be bullish this year, the biggest possibility is a sideway with high volatility, in my opinion, that is more logical, because we don't have indicators that are really bullish in bitcoin or to change market sentiment, it seems that yes, bitcoin will go sideways with enough time long.

[ivankoh]

We got off to a good start this year.  bitcoin rallied around 39% in January, which is a huge impetus for the market to recover.  However, I personally don't expect much on the short-term price structure.  Most of us are waiting for a prominent signal in 2024 and it's a big sign for the upside based on bitcoin's history of cyclical booms.  Therefore, I think bitcoin's trend will be to build and consolidate its No. 1 position and break its bear market bearish structure this year. Yes, 2023 - will be the recovery direction - increasing direction compared to the previous year.

[Quidat]

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.  

Hard to tell but basing up on the entrance we do have on this year on which the price at least make out some increase although it is really just that small or above 20k which it do matter the most.
For now its better to make yourself that versatile or easily could cope up on what are the things that you could possibly face on. Bearish,Bullish and sideways movement on where the common condition
you would be facing on on the time you had decided yourself to step your foot into this market.It is really hard to tell on what would be the things that will happen on  this year.
No one could predict on what the future looks like.

[Adbitco]

Are you still deliberating either to wait and watch the market more time or whether to buy now?
From all technical analysis bitcoin has been on bull trend except those who bought during the ATH could likely sees as bear due to poor technical analysis before jumping into the market.
So to be at the safer side use this medium to hold any volume of bitcoin you think will be good for you to hold as bitcoin halving is around the corner, which I strongly believe we may see another ATH.

[MoonOfLife]

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. 

What is happening is a rally after a long bearish streak rather than a sign of an uptrend. I still believe we are still in a bear season even though bitcoin is up 40% in just the first month of this year. I guess this year will be a year of bitcoin recovery to prepare for the bull season in 2024. We already have the bottom for this bearish season, we won't be able to fall any deeper this year.

[Dr.Osh]

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 answer to this question is definitely that is not certain. This year, the market can be bullish, or bearish. Even though the start of the year has been good for bitcoin, we don't know what news we will get next. if we get good news for the crypto world, a price recovery will quickly occur, and maybe have the potential to be bullish. Meanwhile, if negative information comes for crypto, it will be bearish.

Personally, I think we're going to be in a bullish and bearish phase, whereby the price of bitcoin may recover but won't be so high price in this year. however, this is a wild thought that exists in my mind that has no basis in anything. If referring to the recent speculation from Cointelegraph, they think that in the near future, the highest potential of bitcoin can reach $ 25k even though it is very difficult. Meanwhile, the first sign of a fall in the bitcoin price is in the $22k range, and that could trigger further declines.

[btc_angela]

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. 

What is happening is a rally after a long bearish streak rather than a sign of an uptrend. I still believe we are still in a bear season even though bitcoin is up 40% in just the first month of this year. I guess this year will be a year of bitcoin recovery to prepare for the bull season in 2024. We already have the bottom for this bearish season, we won't be able to fall any deeper this year.

Oh, I didn't know that we are up by 40% in January, if that is the case that is a huge jump already in the middle of the bear market. But too early to say that we are bullish, or what bullish means to us (a massive growth and it only happens after the block halving).

And with that we are still very far from the block halving, so this is just a uptrend as you have said after a long bearish trend or just a recovery from the FTX fiasco that we have witnessed last November.

[CoinEraser]

-snip-

Thanks for help, I will keep watching price

Yes, unfortunately my opinion probably doesn't help much either. We can't do more than watch the price and hope for a good year. Unfortunately, this is usually the case, as the market often reacts unpredictably. 

[Nrcewker]

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. 

If we see from the start of the year, then Bitcoins are more than 35% up. If you still consider it as a bear market rally, then my friend you are going to regret on this very soon. If Bitcoins continue this pace, then definitely in March we can expect Bitcoins at 35-40k usd range. Also if we see the previous 4 year charts, then this year it is meant for Bitcoins to go up in price, and Bitcoins have always followed the same pattern/graphs. So yes according to me, we are in the early phase of the bullish market. Now let’s hope for the best.

[rhomelmabini]

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. 

I'd say, we'll be in sideways or accumulation phase so nothing major break on resistances I guess. The overall sentiment is on a bear market rally and likely a dead cat bounce but we may never know since there are lot of factors to consider here. I'm not bearish nor bullish, I'm sticking you know rather than timing the market.

[aysg76]

I'm always bullish on bitcoin regardless of what is happening to the price because I see the long term charts not the short term. Imagine you could buy bitcoin at $400 right now, would you not be bullish on it. $400 was the price I started with and it got dumped all the way down to $150 but nobody cares about that now that price is $20000.

As for short term (yearly trend) we have a lot of positive signals that could turn this into a the big bull market that we are very familiar with so the hopes are up. But we also have negative signals same as 2022 but the difference is that they are not new (recession, etc. that has been going on for a year now). So they may not be such big deals.

That's the point that if you are looking in long term perspective then you will gain profits out of it but with these small pumps people keep asking that whether bull run has started? So the answer is its yet to come and we can't say bull market is there till we see really some big pumps and huge cash inflows in the form of investment or the other group is waiting for it to go down to invest and make profits but if you invest at $20k and hold it for say 5 years and prices are now $60k not going too high being conventional so you made $40k just holding so this is why we are bullish on it being long term players.

As you have said that prices also went to $150 so if you have also panicked and sell at that moment then would you have gained so much? But you understand why the prices will rise and know about the bitcoin working and it's utility, demand and deflationary nature against the worthless fiat having faith in it.

[Joshapat]

Bitcoin has risen more than 42% compared to the closing price in 2022, this is a strong signal that bitcoin will be a bull run in 2023, the same thing happened in 2021 when the beginning of the year the price skyrocketed by more than 25% and continues to skyrocket to create new ATH in the price is $69k, now let's think positively and take action by buying more.

[ilovealtcoins]

Bitcoin has risen more than 42% compared to the closing price in 2022, this is a strong signal that bitcoin will be a bull run in 2023, the same thing happened in 2021 when the beginning of the year the price skyrocketed by more than 25% and continues to skyrocket to create new ATH in the price is $69k, now let's think positively and take action by buying more.

If you want to buy, maybe 2022 is the best time, not now. Bitcoin is up 42%, but no one is sure if this is a sign of a bull run or maybe just a small bull run during the bear season. If you are a long-term investor, you can buy whenever you have money, no need to wait for signs of recovery to start buying. And if you are a trader, now is not a good time to buy.

[buwaytress]

Noting that if we're posting here in this forum, in general, we're bullish for the long term -- yes, all of us. Bearish people would probably stick to speculating and shorting -- or exit and liquidate, including on this forum... I'm probably more bearish in 2023. Not because I've lost hope for the future (2017/19/20 massive crashes did nothing to dent me!) but because I think we're in for quite a lot more than anyone expects in terms of the global economy.

It seems far away and distant, but we've already experienced Covid impacts. We've yet to experience a deep, deep global depression.

[crwth]

It's just a matter of time before you are determined to be what type of HODLer.

• Paper Hands
• Diamond Hands

That would determine quickly if you will be bullish or bearish about crypto. It will be a bullish year, or maybe the following years.