Bitcoin 2023, Bullish or Bearish?

[Wong Gendheng]

The first thing is, of course we must know from what price we determine bullish or bearish, if we take the price position at the beginning of the year, of course there has been an increase of more than 30%, and if we pay attention to the trend that occurred in February then it was seen that the price was difficult to rise, me sure if the price of February can touch $ 30k then this year the market will be bullish, it might be able to make a new ath again.

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[bettercrypto]

First of all, whether you admit it or not, most people think that the first month of 2023 is entering the bull season because of the gradual increase in the value of Bitcoin, but it didn't even reach 25k$ each.

    A lot of people fell for this event, and others even thought that it was just a bull trap, and those who bought bitcoin around 18k$ won again and those who owned the trading selling profited again when it reached 24k$ something.

Now, that it has dropped again by 21k$ or even lower, obviously we are still in the bearish season, we are not really in the bull season yet.

[Bitcoin_people]

If you currently think that Bitcoin is bearish in this market, it might be. But the Bitcoin market is much more bullish in 2023 than in 2022. And if you are thinking of holding for a long time in this market then your investment will be right. But the Bitcoin market is kind of bearish when it comes to the position it is in right now. But I believe that the Bitcoin market will go ahead like a bull run in 2024.

[Rigon]

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 start of 2023 was like a bull run. After 2022 was the end of Bitcoin's bloody year, in early 2023 the Bitcoin market started to rise. Investors saw gains from the bearish market in early 2023  But we see the market heading towards dumping again  So it is not possible to say which direction the market will go. But based on the current market conditions we can say that we are immersed in a bearish market. But we will wait and very soon we will reach the bull market.

[doomloop]

The first thing is, of course we must know from what price we determine bullish or bearish, if we take the price position at the beginning of the year, of course there has been an increase of more than 30%, and if we pay attention to the trend that occurred in February then it was seen that the price was difficult to rise, me sure if the price of February can touch $ 30k then this year the market will be bullish, it might be able to make a new ath again.

The title says 2023, so yes we begin on January. It's clear that these early two months of this year are still bullish for BTC because we haven't dropped yet below our starting point which was $17k. Maybe what we currently see can carry a big load to the next month or two but the rest of it are still going to be unpredictable.

There is still a possibility that we can end this 2023 with a bearish market but everyone seems sure that the next year is going to be a better year for Bitcoin and the rest of the coins. For now I don't think we can hit $30k this February because even $25k seems difficult but it's going to be a big achievement for BTC once we hit those numbers this year.

[maydna]

That's because the price hasn't gone up so high right now that we say that bitcoin is bearish. But if we look at the movement of the bitcoin price, maybe we can see that the bitcoin price has managed to rise from its lowest price and is currently trying to get a price reversal moment. And this gives us more opportunities to invest in bitcoins while the price hasn't increased, and we can buy more. Many people hope that the bitcoin price can stabilize below $30k so they can buy bitcoin again. I believe that bitcoin will get another big rally to reach the next ATH.

[19Nov16]

If we pay attention to the trends that have occurred until now then we are sure that 2023 can be bullish, today the price has risen by more than 10% and away from $ 20k, maybe tomorrow the price can touch $ 25k and will continue to rise because many will panic immediately buy, even reasonable if this year the price can make new ATH at $ 70k level.

[cryptosize]

If we pay attention to the trends that have occurred until now then we are sure that 2023 can be bullish, today the price has risen by more than 10% and away from $ 20k, maybe tomorrow the price can touch $ 25k and will continue to rise because many will panic immediately buy, even reasonable if this year the price can make new ATH at $ 70k level.

I reckon we won't hit 70k before Dec 2024/Jan 2025 at the earliest. So we still have around 2 years for accumulation.

Remember when the previous ATH was broken? It was Dec 2020.

[BlackHatCoiner]

There is still a possibility that we can end this 2023 with a bearish market but everyone seems sure that the next year is going to be a better year for Bitcoin and the rest of the coins.

I mean, 2022 ended with a 67% damage, and that's right after a bull run, how more bearish can this go? Sure, we might end this year at a lower price, but I don't expect to have tremendous losses. Two to three years of accumulation is what's going to happen. Then, the bulls will enter as always.

For now I don't think we can hit $30k this February because even $25k seems difficult but it's going to be a big achievement for BTC once we hit those numbers this year.

Aaand, $25k! 

[CageMabok]

If we pay attention to the trends that have occurred until now then we are sure that 2023 can be bullish, today the price has risen by more than 10% and away from $ 20k, maybe tomorrow the price can touch $ 25k and will continue to rise because many will panic immediately buy, even reasonable if this year the price can make new ATH at $ 70k level.

It's still too far away for a new ATH level of $70K, and it's likely that Bitcoin will still need some time over the next year to get a new ATH at that level. Because now Bitcoin has not yet reached half of the ATH price, so there is still a lot of time needed for Bitcoin to achieve this and I don't think that it will be achieved easily this year.

But the increase that is happening now can at least make everyone's enthusiasm and trust continue to increase for Bitcoin and this is very optimistic if it can continue in Bitcoin in every month of this year. Other than that, this upgrade is a win for those who are still holding Bitcoin and bought Bitcoin at $16K in the last year.

[inthelongrun]

There will be a lot of swings this year. But generally, I am bullish on bitcoin. We may reach $45k this year but I am not too confident that it will also hold that long since in the past it is always the year of the halving and its next year. So this year will be better than the last year which was the year of the correction. This year is an accumulation and of course, some traders might dump their holdings if a big upward swing happens and then buy back when it is down again. One thing I am confident about is we aren't going to see that $15k bitcoin price again this year.  

[Maslate]

Bitcoin is starting to show some bullish signs, having suddenly surged today and almost reaching the $25k mark. This is great news for the market, as it may convince the doubters to come back. The market has been bearish for a while now, but I believe that a bullish market will come as a surprise once again. Achieving a new all-time high is not an easy feat, but a bullish market can make it happen sooner.

Good times are ahead, so brace yourselves, guys. This may be the moment we've all been waiting for.

[Coyster]

Bitcoin is starting to show some bullish signs, having suddenly surged today and almost reaching the $25k mark. This is great news for the market, as it may convince the doubters to come back.

I don't think small price movements like this causes FOMO and makes people to rush in to buy Bitcoin, no, imo it doesn't. People start to FOMO and rush to buy Bitcoin when the bull run starts in earnest and the price is absolutely racing, that is when they think about the profits/ROI they can make/accrue if the upward trend continues, and they start to buy out of FOMO; but you see fairly stable price movements like this, it is only those who well and truly understand how Bitcoin works that would take advantage of it.

Good times are ahead, so brace yourselves, guys. This may be the moment we've all been waiting for.

If the moment is an upward trend until the next ATH, then i would say we are pretty far from that moment at this time as the halving would have to happen before that.

[btc_angela]

Bitcoin is starting to show some bullish signs, having suddenly surged today and almost reaching the $25k mark. This is great news for the market, as it may convince the doubters to come back. The market has been bearish for a while now, but I believe that a bullish market will come as a surprise once again. Achieving a new all-time high is not an easy feat, but a bullish market can make it happen sooner.

If this month continues to be very bullish, then we can say that it's 2/12 for now. And so we still have a lot of months to look for, whether the trend will continue or there will be another downtrend trend or at least sideways in the next quarter.

Good times are ahead, so brace yourselves, guys. This may be the moment we've all been waiting for.

I think we should wait though, I mean if we are looking for a bullish and new all time high then it is still very far. As the bitcoin halving will have to happen around May of next year because we can see good times. Again new all time high of most likely 6 digits are waiting for us all.

[STT]

Bullish right now, good reaction to Fib level and strong above 12hr average for some time now which makes it very strong action sustaining with only a quick pullback so far.


Negatives or negative action downwards to oppose price right now is the 50 week and 200 week moving average almost exactly in this area.  If BTC price action can build above 24.5k then 30k as a target is quite probable, we dont always get to say 25% gain is possible near term so thats bullish for sure.

A cynic would say we must pullback harder, to confirm the break of negative trend of 2022 but when or if is not definite imo.

[AbuBhakar]

There will be a lot of swings this year. But generally, I am bullish on bitcoin. We may reach $45k this year but I am not too confident that it will also hold that long since in the past it is always the year of the halving and its next year. So this year will be better than the last year which was the year of the correction. This year is an accumulation and of course, some traders might dump their holdings if a big upward swing happens and then buy back when it is down again. One thing I am confident about is we aren't going to see that $15k bitcoin price again this year.  

Bitcoin price shows a good direction at this early year if this movement continues we can finally say where in bullish mode, however we can’t still deny the fact that there are economic problems happening in different countries, war, inflation as well losses of job so we can’t guarantee if the price increase in bitcoin will continue so we will need to monitor it closely and see for ourselves if we have some holdings if we can trade it or still hold on to it till the market fully recover.

[Emitdama]

Not many people understand that anything good looking is still a benefit for all of us and doesn't need to break ATH price.

Like for example we were under 20k price for a few months, now we are over 25k price and that is good enough, that is something we should be happy about, I understand that it went up and stopped which made some people upset because they wanted to see it keep going higher and higher, but the reality is that we shouldn't be really worried about it and we should be focusing on a lot more towards just the happy thoughts about what has happened already and that should be more than enough, I know it doesn't sound like a great deal and all, but it is a great one and I think we should all be happy about it.

[Franctoshi]

Bitcoin just broke out a bit above $25k resistance level, and it really a good sign and this will be regard as a very healthy movement for the entire crypto market because this pull back exactly touched the ATH resistance line and FTX collapse level that recently just got smashed, which is now acting as a support zone. This could now be seen as a break out confirmation if we get a daily candle closure above $25k and if the market is able to hold that level, Then base on technical point of view , $30k should be our next level of residence to watch.

[passwordnow]

Good times are ahead, so brace yourselves, guys. This may be the moment we've all been waiting for.

Recognizing how the movements are these days is really there. But I don't want to be confident that this is what we really want. I know that we are for recovery but I think it's just something else when we think about the good times.
There's more to it but yeah, this might be the start of it and hopefully, it goes to the point that until the next halving, we're seeing an increase little by little as sign of the market's bullishness.

[salad daging]

Good times are ahead, so brace yourselves, guys. This may be the moment we've all been waiting for.

Recognizing how the movements are these days is really there. But I don't want to be confident that this is what we really want. I know that we are for recovery but I think it's just something else when we think about the good times.
There's more to it but yeah, this might be the start of it and hopefully, it goes to the point that until the next halving, we're seeing an increase little by little as sign of the market's bullishness.

We are happy to see that bitcoin's current movement will be positive which is where the market trend is happening although we don't really expect anything more when bitcoin has broken through the $25k level but it is hopeful that the bullishness will really start from now on as a sign of an increase now so there is hope that bitcoin will keep moving again.

When the bitcoin was $25k we were of course happy but would not sell any bitcoin holdings that have been built up, just pleased that the market has started to fluctuate in the next few days and when hope comes we are prepared for it.

We'll see the next target guys.