Bitcoin 2023, Bullish or Bearish?

[Falconer]

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.

I don't really expect to be bullish, but I do expect a fairly deep recovery after a correction over the course of 2022. January 2023 to date, bitcoin price has been pretty good at finding a recovery as today we have broken through $25K for the first time since $15K was touched. This is a great moment for us to experience, and a recovery like this was to be expected.

Some people think that the bullishness has been confirmed, so it is time to see how the value of the investment portfolio gets better. Unfortunately $25K didn't last long, and now it's priced between $24.5K - $24.7K. I expect price to close above $24.5K today and that to support more movement in the next day.

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[letteredhub]

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.

There's a high expectation by many traders to experience a bull run by the end of 2023 or at most 2024 and this has strengthen their resolute to keep on the HODL much longer but what I have not come to comprehension with is what's the rationale behind this strong believe by many traders that 2024 is gonna be a big bull year. Cause the expectation was same about 2023 while we were just entering into the year 2022.

[passwordnow]

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.

IMHO, any price increase that might come won't satisfy us in selling. We want more of the market and the price of bitcoin should be back to at least more than $30k before someone finally sells which is likely half or near 50% from the last ATH.
It all depends on how we look at the market but the majority of us will just need to be more patient until we finally see a better and higher price. All of the movements now are good really perhaps, those that were satisfied when it touched $25k have sold.

[fadhilz123]

There's a high expectation by many traders to experience a bull run by the end of 2023 or at most 2024 and this has strengthen their resolute to keep on the HODL much longer but what I have not come to comprehension with is what's the rationale behind this strong believe by many traders that 2024 is gonna be a big bull year. Cause the expectation was same about 2023 while we were just entering into the year 2022.

Maybe most traders just believe that after the big decline in 2022, the next year there will be a bigger increase and it starts from this year. I've also seen Bitcoin pass over $25K even though it immediately corrected again, but that's good enough for those who still hold Bitcoin and still believe in the next upswing in Bitcoin. Although this expectation is still not necessarily true because price drops can still occur in Bitcoin.

[yudi09]

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.

The opportunity to cross the $24K price has already happened because the $25K price has already been touched. We can say that the price that is currently being traded is a very supportive price to touch the price above $25K again. Nonetheless, we dare not speculate that it will reach a new ATH this year given that the sales ratio is still high. In my opinion, the high sales ratio is one of the initial assumptions behind the price drop from $25K to $23K.

[Lubang Bawah]

The good news and fact is that this week the price has risen by more than 13%, of course this makes us optimistic that 2023 will be bullish, if we observe in 2021 then the beginning of the year has also increased significantly, and prices have continued to skyrocket until the end of the year reaching almost $ 70k, unfortunately in 2022 there are many scam cases that create panic in the market, and when the price is at the bottom then the next year or now will be bullish again.

[bestcoins1]

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.

A price of $25K has already been touched by Bitcoin this month, but if you think Bitcoin is going to make a new ATH this year at $70K, it seems a bit tough to materialize this year on Bitcoin. Because it's not always possible for people to panic buy continuously throughout the year, after all I still firmly believe that some people bought Bitcoin at $20K earlier this year. Some of these people will definitely sell it when they see the Bitcoin price is at $40K or at $50K to take profits that are already so good before their eyes and maybe they will no longer remember the ATH that Bitcoin has achieved.

The opportunity to cross the $24K price has already happened because the $25K price has already been touched. We can say that the price that is currently being traded is a very supportive price to touch the price above $25K again. Nonetheless, we dare not speculate that it will reach a new ATH this year given that the sales ratio is still high. In my opinion, the high sales ratio is one of the initial assumptions behind the price drop from $25K to $23K.

Increasing the price of Bitcoin in the market is always colored by corrections, because Bitcoin is always traded by many people in the market where traders really like corrections and increases because they will always hope to offset the profits they can get every month. And I personally also can't overly speculate on new ATH on Bitcoin as the distance from $25K to $70K as @19Nov16 said still looks like a long way for Bitcoin to go this year.

[yudi09]

The opportunity to cross the $24K price has already happened because the $25K price has already been touched. We can say that the price that is currently being traded is a very supportive price to touch the price above $25K again. Nonetheless, we dare not speculate that it will reach a new ATH this year given that the sales ratio is still high. In my opinion, the high sales ratio is one of the initial assumptions behind the price drop from $25K to $23K.

Increasing the price of Bitcoin in the market is always colored by corrections, because Bitcoin is always traded by many people in the market where traders really like corrections and increases because they will always hope to offset the profits they can get every month.

It's not even a big correction after Bitcoin hit $25K yesterday. In a local discussion I said that the drop in Bitcoin price from $25K to the current price could be due to the high sell-off ratio. It is possible that traders placed sell orders at $25K considering they probably bought at $18K to $20K.

They (traders) must like the situation of Bitcoin prices in a corrected state because it can be used to buy back in larger quantities. Not only big investors, but personally I also want the same thing for long-term investment.

And I personally also can't overly speculate on new ATH on Bitcoin as the distance from $25K to $70K as @19Nov16 said still looks like a long way for Bitcoin to go this year.

Regarding the new ATH, I also wouldn't say it will happen this year.

[Reatim]

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.  

why not make this thread as POLL ? since you are asking completely either BULL or BEar 2023?
and you said it will be bear , but week after your post here? bitcoin price reacted to 24k and near 25k lol.
and also I may not believe that there will be ATH but I think we can call this as Bull market shorter than 2021.

The good news and fact is that this week the price has risen by more than 13%, of course this makes us optimistic that 2023 will be bullish, if we observe in 2021 then the beginning of the year has also increased significantly, and prices have continued to skyrocket until the end of the year reaching almost $ 70k, unfortunately in 2022 there are many scam cases that create panic in the market, and when the price is at the bottom then the next year or now will be bullish again.

actually this also happened early February mate that the price of bitcoin raises double digit .

[justdimin]

you said it will be bear , but week after your post here? bitcoin price reacted to 24k and near 25k lol.
and also I may not believe that there will be ATH but I think we can call this as Bull market shorter than 2021.

There is definitely a lot of people who always think that bitcoin will be a bear market. It's either not really knowing much about the markets and the history of bitcoin which is why they are this wrong, or it is about the fact that they do not really know what bear or bull means and they just think we are in the bear market even right now just because price is low, when in fact bear market just means crashing and we haven't been crashing for a while.

We are already not in bear, and we are getting into the bull as well and that should be the key lesson to people who still think that we are doing terribly, we are not, it doesn't have to recover it all, just a bit up means it's all good.

[Dickiy]

you said it will be bear , but week after your post here? bitcoin price reacted to 24k and near 25k lol.
and also I may not believe that there will be ATH but I think we can call this as Bull market shorter than 2021.

There is definitely a lot of people who always think that bitcoin will be a bear market. It's either not really knowing much about the markets and the history of bitcoin which is why they are this wrong, or it is about the fact that they do not really know what bear or bull means and they just think we are in the bear market even right now just because price is low, when in fact bear market just means crashing and we haven't been crashing for a while.

We are already not in bear, and we are getting into the bull as well and that should be the key lesson to people who still think that we are doing terribly, we are not, it doesn't have to recover it all, just a bit up means it's all good.

A bear market doesn't mean there isn't an upside in bitcoin it's just that the price action is sad to watch, days may turn red in a market moving at stagnate prices and below the long-term average price meanwhile and fairly low capitalization.
bull and bear is just a naming term and everyone can have an opinion and express it regarding the wrong or right prediction, that is a natural thing because until today no one can predict the market correctly.

Maybe in 2023 we will slowly crawl for price improvement and return to the next bull run phase.

[Kemarit]

you said it will be bear , but week after your post here? bitcoin price reacted to 24k and near 25k lol.
and also I may not believe that there will be ATH but I think we can call this as Bull market shorter than 2021.

There is definitely a lot of people who always think that bitcoin will be a bear market. It's either not really knowing much about the markets and the history of bitcoin which is why they are this wrong, or it is about the fact that they do not really know what bear or bull means and they just think we are in the bear market even right now just because price is low, when in fact bear market just means crashing and we haven't been crashing for a while.

We are already not in bear, and we are getting into the bull as well and that should be the key lesson to people who still think that we are doing terribly, we are not, it doesn't have to recover it all, just a bit up means it's all good.

A bear market doesn't mean there isn't an upside in bitcoin it's just that the price action is sad to watch, days may turn red in a market moving at stagnate prices and below the long-term average price meanwhile and fairly low capitalization.
bull and bear is just a naming term and everyone can have an opinion and express it regarding the wrong or right prediction, that is a natural thing because until today no one can predict the market correctly.

Maybe in 2023 we will slowly crawl for price improvement and return to the next bull run phase.

The next bull run phase should happen right after the block halving, and so this year, unlikely to see the price going to be very positive although there could be some bullish run just like last month wherein we bounce to a 40% increased.

So the best approach is to just be calm I guess and maybe buy bitcoin as we go this bear market.

Remember as I have said, bull run is right after the block halving, so it's better to save now than later.

[AnonBitCoiner]

At start of the recent year the market was bullish but now its faces slight dump so here no one have any experience about the bullish and bearish because its suddenly changes so the price of BTC is closely related to the price of market. 2023 is the year in which there will sometime a condition in which you will see that the market is bullish but after sometime the situations will be different and there will be slight dump in all coins prices.

In the end of the year what will happen is totally unpredictable so we can just estimated but don't know that what will be the future of selected coin. We all have thoughts and according to the current market price i think that very soon BTC will bullish.

[Fara Chan]

We all have thoughts and according to the current market price i think that very soon BTC will bullish.

Observing Bitcoin's journey in previous years stated that this should have been a bullish year, the changing chart from the beginning of the year gives a sign that Bitcoin's increase will recover this year, it's just that we can't predict accurately, experience in following Bitcoin's journey can only predict according to the graph from year to year, the rest we will see the truth at the end of this year.

[Jating]

We all have thoughts and according to the current market price i think that very soon BTC will bullish.

Observing Bitcoin's journey in previous years stated that this should have been a bullish year, the changing chart from the beginning of the year gives a sign that Bitcoin's increase will recover this year, it's just that we can't predict accurately, experience in following Bitcoin's journey can only predict according to the graph from year to year, the rest we will see the truth at the end of this year.

I don't know where you get that data, but this year, if we assumed the previous pattern, is that we are still in the bear market. And even if we see some signs of bullishness already like a huge pump in January, still though it's not enough to say that the pattern has been broken.

So don't be excited to see this kind of price increase, we are still in March and many things can happen.

The most important thing is that we should accumulate as much as we can and prepare to hold because the block halving is just around the corner.

[tiCeR]

you said it will be bear , but week after your post here? bitcoin price reacted to 24k and near 25k lol.
and also I may not believe that there will be ATH but I think we can call this as Bull market shorter than 2021.

There is definitely a lot of people who always think that bitcoin will be a bear market. It's either not really knowing much about the markets and the history of bitcoin which is why they are this wrong, or it is about the fact that they do not really know what bear or bull means and they just think we are in the bear market even right now just because price is low, when in fact bear market just means crashing and we haven't been crashing for a while.

We are already not in bear, and we are getting into the bull as well and that should be the key lesson to people who still think that we are doing terribly, we are not, it doesn't have to recover it all, just a bit up means it's all good.

Just arguing with the history of Bitcoin doesn't take into account that there are things going on in the world which nobody could ever predict. We can't know whether in a couple of months from now something will happen that will shake the whole world drastically. Markets will still be there and they will also recover, but asking for a tendency in a specific year is difficult.

Long-term I would say that Bitcoin might even be a safer bet than many other things. Companies can suffer depending on the type of the crisis. Perhaps some go even bankrupt. Bitcoin as a decentralized system for wealth storage won't disappear ever unless the whole planet gets nuked, but then your Bitcoin don't matter anymore anyway...

[Mr. Magkaisa]

   -   If we look at the Bitcoin Halving countdown, it's still quite a long time because it will happen in the middle of next year. So it is still obvious from what is happening now that we are still in the bear market season.

The only thing crypto traders can do is day trading or scalping and holdings for long terms. Whatever is happening now in the market we do not know although from time to time the value of Bitcoin decreases and increases, but right now it dropped below 22k an hour ago.

[crunck]

I believe in history and history will repeat itself, which means 2023 will still be a bear year. But this year will be like 2019, bitcoin will have short-term bull runs like what happened in the first 2 months of the year. And 2023 could be the last year for those who have not bought bitcoin or want to accumulate more bitcoin should take advantage.

[fadhilz123]

I believe in history and history will repeat itself, which means 2023 will still be a bear year. But this year will be like 2019, bitcoin will have short-term bull runs like what happened in the first 2 months of the year. And 2023 could be the last year for those who have not bought bitcoin or want to accumulate more bitcoin should take advantage.

Considering this year as a year of opportunities to buy and collect more Bitcoins, I think that's more appropriate. But if this year is considered to be the same as 2019, it seems I disagree a little because history doesn't always repeat itself as we want and it can be the same as the year that everyone has passed. Because Bitcoin is an unstable currency and its price is difficult to predict, even though it is a good asset to buy and invest.

[fuguebtc]

I believe in history and history will repeat itself, which means 2023 will still be a bear year. But this year will be like 2019, bitcoin will have short-term bull runs like what happened in the first 2 months of the year. And 2023 could be the last year for those who have not bought bitcoin or want to accumulate more bitcoin should take advantage.

Considering this year as a year of opportunities to buy and collect more Bitcoins, I think that's more appropriate. But if this year is considered to be the same as 2019, it seems I disagree a little because history doesn't always repeat itself as we want and it can be the same as the year that everyone has passed. Because Bitcoin is an unstable currency and its price is difficult to predict, even though it is a good asset to buy and invest.

If you are talking about the best time to buy bitcoin during this bear season, it might be last year, but investing this year is not too late, as long as the bitcoin price is below the ATH price, it is always a good investment. 2023 will be the last chance for those who have not had the opportunity to buy bitcoin cheaply.

Do you believe in history repeating itself? I believe history will repeat itself, but each time will have different events or circumstances, history will still repeat itself but will be a little different from the past.