Bitcoin 2023, Bullish or Bearish?

[Emitdama]

I think it's clear that we started bullish, but it all depends on that 25k level. If we can break above that level, then we are going to end up with a good return, if we can't break above it then we are going to end up with a bear run probably, or even if it is not a bear run at least a stagnant one where the whole year it will be between a little lower than 20k (above 18k I assume) and under 25k and keep going up and down.

Since I do not believe that bitcoin could stay that stable for a whole year, I support the idea that it will go above 25k without a doubt, but there is no proof of this so I can't guarantee that to anyone at all and advice anyone.

[capedbaldy]

I think it's clear that we started bullish, but it all depends on that 25k level. If we can break above that level, then we are going to end up with a good return, if we can't break above it then we are going to end up with a bear run probably, or even if it is not a bear run at least a stagnant one where the whole year it will be between a little lower than 20k (above 18k I assume) and under 25k and keep going up and down.

Since I do not believe that bitcoin could stay that stable for a whole year, I support the idea that it will go above 25k without a doubt, but there is no proof of this so I can't guarantee that to anyone at all and advice anyone.

Bitcoin could pass the 25k level easily but we need time to wait, the market will form a strong wall above $20k before the next recovery high, I am optimistic in Q2 bitcoin will be higher above $25k based on the assessment of the high recovery over the course of the year, so there is no doubt when bitcoin will reach halving, bullish will come soon and when bitcoin's rise can't be stopped.

[laurenB7742]

I think it's clear that we started bullish, but it all depends on that 25k level. If we can break above that level, then we are going to end up with a good return, if we can't break above it then we are going to end up with a bear run probably, or even if it is not a bear run at least a stagnant one where the whole year it will be between a little lower than 20k (above 18k I assume) and under 25k and keep going up and down.

Since I do not believe that bitcoin could stay that stable for a whole year, I support the idea that it will go above 25k without a doubt, but there is no proof of this so I can't guarantee that to anyone at all and advice anyone.

Bitcoin could pass the 25k level easily but we need time to wait, the market will form a strong wall above $20k before the next recovery high, I am optimistic in Q2 bitcoin will be higher above $25k based on the assessment of the high recovery over the course of the year, so there is no doubt when bitcoin will reach halving, bullish will come soon and when bitcoin's rise can't be stopped.

In February there was a time when bitcoin crossed $25k but it couldn't stay there and fell after that. Bitcoin hitting $25k this year or in the future is certain. But in the short term, like this month, I am skeptical though I still expect bitcoin to break 25k to conquer higher highs. I predict that since we're not out of bear season yet, there will be some intense shaking this year, which is not surprising, and we should be prepared for those as well.

[Pejoh Asu]

Since January of course we are optimistic that in 2023 the market will be bullish, until now the price has not dropped below $ 20k and made me dare to set a target that 2023 will rise again, small tests and tests that are happening at this time are normal and in my opinion they are a good opportunity to buy more before the price goes up.

[mich]

I am 'bullish" and I think it’s very likely that BTC will continue to rise until the end of the year. On the other hand, I suspect we’re not going to see the price back up to normal levels until the global economy picks back up.

For rest of 2023, I think we’re going to see small incremental gains and possibly some more dips. It will take some time until we see the institutional, governmental and retail traders getting back in and driving the price up. Right now with the state of the global economy we just have to be patient and hold long.

[CageMabok]

Since January of course we are optimistic that in 2023 the market will be bullish, until now the price has not dropped below $ 20k and made me dare to set a target that 2023 will rise again, small tests and tests that are happening at this time are normal and in my opinion they are a good opportunity to buy more before the price goes up.

Now the Bitcoin price is starting to move in place and sideways with no bounce up, but I also still believe that Bitcoin will bounce back up this month as long as more buyers are willing to use the $22K+ price as their buying price. And besides being able to take advantage of the current conditions to buy more Bitcoin, I will also try to keep holding it until a higher price is seen in the market for Bitcoin, because the market is not yet in a bullish state.

[posi]

I think it's clear that we started bullish, but it all depends on that 25k level. If we can break above that level, then we are going to end up with a good return, if we can't break above it then we are going to end up with a bear run probably, or even if it is not a bear run at least a stagnant one where the whole year it will be between a little lower than 20k (above 18k I assume) and under 25k and keep going up and down.

Since I do not believe that bitcoin could stay that stable for a whole year, I support the idea that it will go above 25k without a doubt, but there is no proof of this so I can't guarantee that to anyone at all and advice anyone.

I believe we are still not in a bull run, even if bitcoin crosses $25k, there is no guarantee that it will continue to run up one circuit without a correction afterward. In view of the fact that we are still a long way from the halving, I can sure say that bear season has not yet ended. This year is still the right year to accumulate bitcoin and is the last chance to own cheap bitcoin. Once the halving comes, we won't have a chance to see 2x bitcoin again.

[Wiwo]

Once the halving comes, we won't have a chance to see 2x bitcoin again.

Well, one thing I believe in investment is that at any price one can still easily buy Bitcoin so long as the money is available to do so, I agree with you on the urgency of time for us to accumulate more Bitcoin at the current price,  and also we may unlikely see a $20k bitcoin price.

-The bitcoin halving will certainly change the cause of things,  but the Bitcoin market volatility will continue after the halving so as we are expecting a 2x BTC price, we should also prepare for the likelihood of a -2 BTC price too.

[inthelongrun]

This year will be a combination of both bears and bulls. Probably no clear winner since this year is accumulating period for the next year's bitcoin halving. I can see bitcoin reaching a minimum price of $35k this year but I am not sure if it can stay at that price by the year's end as we may be able to touch $19k too. I just expect a lot of swings this year but generally, I will give a slight edge to the bulls considering that this year will be way better than last year. Personally, I am also undecided if I start accumulating altcoins this year or early next year.  

[DOH!]

Given the historical signals, I would guess that in 2023 we will have a market reset phase, with slight corrections and increasing volatility.  As can be seen, January and February are the basis for believing that.  Meanwhile, the 2024 halving will see many institutions closely watch bitcoin.  Although the economic risk volatility is passing, I think bitcoin will still perform well as the long-term opportunity will be much greater.  I think, 2023 is a period of decentralization in between bulls and bears - a cycle of trend recovery and strengthening of bitcoin's position

[tiCeR]

As we have seen there are also more or less unexpected events like that with Silvergate now. The precise impact on the price and overall sentiment can hardly be calculated, but those incidents cause unnecessary trouble in the market on the one hand and also incentivize regulators to take a harsher stand on cryptocurrencies as a whole. As soon as the public gets to hear about it a positive trend might be slowed down significantly.

When you ask whether it is going to be bullish or bearish, I would say it depends. The less multibillion dollar collapses we have in the industry, the better. But we don't really know what situation most exchanges or stable currency providers are in. What we do know is that it is probably often too good to be true.

[cryptomaniac_xxx]

As we have seen there are also more or less unexpected events like that with Silvergate now. The precise impact on the price and overall sentiment can hardly be calculated, but those incidents cause unnecessary trouble in the market on the one hand and also incentivize regulators to take a harsher stand on cryptocurrencies as a whole. As soon as the public gets to hear about it a positive trend might be slowed down significantly.

The thing with Silvergate is that it didn't turn out to be that black swan event that will pull the market down so hard like FTX collapse. At least this news didn't put a lot of dent as we are above the threshold and support is strong at $20k-$22k.

When you ask whether it is going to be bullish or bearish, I would say it depends. The less multibillion dollar collapses we have in the industry, the better. But we don't really know what situation most exchanges or stable currency providers are in. What we do know is that it is probably often too good to be true.

We will have runs like we did in January 40% or more in a month. And then maybe like March which is historically very poor for us, the negative. But overall it might be in the middle grounds this year, not very bearish like year, with few occasions of small runs.

[Semar Mesem]

I believe bitcoin in 2023 can be bullish, the beginning of the year is a good and strong signal that this year will skyrocket, many analysts believe that in 2023 the price can touch at least $ 50k, of course this is good news for us and if we want to get bigger profits then I suggest immediately selling assets to invest in bitcoin.

[Ludmilla_rose1995]

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. 

bitcoin in this 2023 is entering signs of going big bullish, now all the predictions that appear are referring to the history of bitcoin prices that have existed, and usually before the halving, we will see the price of bitcoin going up high so prepare yourself.

[lixer]

I believe we are still not in a bull run, even if bitcoin crosses $25k, there is no guarantee that it will continue to run up one circuit without a correction afterward. In view of the fact that we are still a long way from the halving, I can sure say that bear season has not yet ended. This year is still the right year to accumulate bitcoin and is the last chance to own cheap bitcoin. Once the halving comes, we won't have a chance to see 2x bitcoin again.

We are not on the actual bull run but we are heading there because the price didn't drop heavily. It only paused a bit but later on it could continue again hitting the higher prices. Correction can also happen but it does not totally prevent bitcoin from reaching its target. Time can fly so fast especially if you don't check often the dates.

We won't notice it that one day we are now at the halving event already so make sure that you guys already stocked up a lot of coins so that you won't missed this rare party. What I know is that the max value bitcoin can get is 1 million usd therefore 2x, 3x and so on is still possible for bitcoin even after a couple halving has passed.

[tiCeR]

As we have seen there are also more or less unexpected events like that with Silvergate now. The precise impact on the price and overall sentiment can hardly be calculated, but those incidents cause unnecessary trouble in the market on the one hand and also incentivize regulators to take a harsher stand on cryptocurrencies as a whole. As soon as the public gets to hear about it a positive trend might be slowed down significantly.

The thing with Silvergate is that it didn't turn out to be that black swan event that will pull the market down so hard like FTX collapse. At least this news didn't put a lot of dent as we are above the threshold and support is strong at $20k-$22k.

When you ask whether it is going to be bullish or bearish, I would say it depends. The less multibillion dollar collapses we have in the industry, the better. But we don't really know what situation most exchanges or stable currency providers are in. What we do know is that it is probably often too good to be true.

We will have runs like we did in January 40% or more in a month. And then maybe like March which is historically very poor for us, the negative. But overall it might be in the middle grounds this year, not very bearish like year, with few occasions of small runs.

About the impact of Silvergate, that's right it wasn't as harsh as the FTX collapse yet. If I understand correctly, Silvergate has filed for an extension to provide requested reports about their overall financial situation. Is that about right? That would mean that as of now we don't really know whether there is more to come or have I missed anything here? I am perhaps not up to date in that case. I just know that there are countless companies directly involved with or connected to Silvergate. But I don't know the implications and what kind of consequences that could entail. I have no idea of the systemic relevance of Silvergate for the industry.

[Sorryfor]

The beginning of the year showed that the price of Bitcoin did not grow as much as we expected in 2022. At the start of 2023, we thought the price of Bitcoin would exceed $35k, but it hasn't happened yet. Bitcoin's trajectory over the past few days suggests that the market is likely to rally towards the end of the year. If you invest and hold in this bear market market, you can certainly earn good profits in 2024. We think the market is more likely to turn Bull market  again in 2024.

[BALIK]

This year will be a combination of both bears and bulls. Probably no clear winner since this year is accumulating period for the next year's bitcoin halving. I can see bitcoin reaching a minimum price of $35k this year but I am not sure if it can stay at that price by the year's end as we may be able to touch $19k too. I just expect a lot of swings this year but generally, I will give a slight edge to the bulls considering that this year will be way better than last year. Personally, I am also undecided if I start accumulating altcoins this year or early next year.  

I also think like you, this year will be a year of struggle between bears and bulls, the market is volatile, and at the end of the year the price will be higher than in 2021 but not too high to be called a bull year.

As for altcoin investment and accumulation, I think we should start in early 2024 because, with the current volatile economic situation, we are still uncertain that a bull market will occur when halving occurs. I mean, I still believe in history repeating itself but also pay attention to the economic situation because it has a huge impact on the market.

[asrinur]

The beginning of the year showed that the price of Bitcoin did not grow as much as we expected in 2022. At the start of 2023, we thought the price of Bitcoin would exceed $35k, but it hasn't happened yet. Bitcoin's trajectory over the past few days suggests that the market is likely to rally towards the end of the year. If you invest and hold in this bear market market, you can certainly earn good profits in 2024. We think the market is more likely to turn Bull market  again in 2024.

It is difficult to predict what will happen throughout 2023 regarding the bitcoin price. However, it would be better if we could take advantage of the current downward price momentum to buy and then hold in the long term to sell without having to always look at market conditions.

[bettercrypto]

We are still really staying at the bearish level, I don't feel that we are entering the bull season yet, I think it will be a few months before it happens in my opinion.

       I've noticed recently that many communities are anxious about the return of the bull run, and I also think that many of our bitcoin enthusiasts have saved up somehow because they don't want to be left behind again... But the problem is that no one knows when the bull run is. So all we have to do is be prepared for anything that can happen in the market.