Bitcoin 2023, Bullish or Bearish?

[Rasa nanas]

i wouldn't say bullish but bitcoin price in 2023 will slowly continue to increase.
Why is that ? because I believe the real bullish will occur in 2024 and the price increase that will occur this year is due to the effect of many people buying in preparation for the bullish that will occur in 2024. and of course we will also see normal (not bearish) price declines because it is impossible for the crypto market to continue to move up.

[tiCeR]

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.

I am not so sure whether it is about a certain time span whether or not the crypto market turns into a bull market. I think it is a lot more about the events and news about crackdowns and regulations and so on and so forth. We have had several collapses of relatively relevant crypto companies/exchanges and it is still not really transparent in how far there might be more systemic risk that we just haven't discovered yet. I think it needs some catalyst for Bitcoin to switch into bull market sentiment, but is there really extraordinary good news on the horizon or relative certainty that no collapses are waiting around the corner? Nobody can really know except for those who do But I think that some players would make to love a move but are not sure whether the timing could be particularly bad right now.


One thing also is important to consider. It was often said that the stable coins played a big role in the last bull markets as they have been said to be excessively issued in order to buy up and push Bitcoin. That theory was never really confirmed nor denied, but if that was the case and there is now the growing interest from governments to further scrutinize and investigate stable coin providers, then that would actually take away one component that added to the upwards dynamics in the market in the past.

[CageMabok]

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.

After buying and then holding it in the long term does not mean that you have to forget about the market by not monitoring it anymore even though what you bought is to be stored in the long term. Because there are also many opportunities that are missed by many people when they don't often monitor the market or forget about the market after buying, even though monitoring the market is part of an important task when someone already owns a valuable asset like Bitcoin.

[speedy963]

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.

No one really know what's going to happen next, but IMO this year will either maintain or rise slightly. Based on thr economic situation we are in right now, it is not yet time for those big whales to move their assets (not that we know what they will do next), coz if they do, they will the ones who will be the most affected on this inflation.

But of course that all depends on their mood, besides that, if there is anything huge to happen that disturbs the economy, for sure it'll impact cryptocurrencies as well.

[tabas]

After buying and then holding it in the long term does not mean that you have to forget about the market by not monitoring it anymore even though what you bought is to be stored in the long term. Because there are also many opportunities that are missed by many people when they don't often monitor the market or forget about the market after buying, even though monitoring the market is part of an important task when someone already owns a valuable asset like Bitcoin.

I think that's just a term that's being used by the holders and even I, I've told my friends to do that after buying. And that's to forget the entire market and what they've bought. It's an easier explanation of what holding is but yes, there should still be a monitoring on how the market is doing because your money is in it. Like for this year, it doesn't look like everyone is gonna be optimistic while looking at bitcoin's correction. Nevertheless, all of the eyes are already advanced and looking forward to the year of 2024 and onwards because that's where the next bull run might occur.

[bettercrypto]

With what is happening in the market today it is clear that we are still bearish for now. And this is a good opportunity to buy bitcoin and other altcoins that we think have great potential to give us good income in the future.

      There is also no reason for us to worry about what happened in the market today because as far as I can see it is normal and we just need to save as much as we can, this is the only thing that can be said.

[Ngewex Yuk]

I didn't expect that when I woke up and saw the current price it was $19980, I didn't think that the price would be red again, it looks like the negative trend hasn't gone yet and makes us have to be patient, let's wait if the price will continue to fall like last year or could it rise like in January , I think March and April can be a measure of whether the market will rise or fall this year.

[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.

I am not so sure whether it is about a certain time span whether or not the crypto market turns into a bull market. I think it is a lot more about the events and news about crackdowns and regulations and so on and so forth. We have had several collapses of relatively relevant crypto companies/exchanges and it is still not really transparent in how far there might be more systemic risk that we just haven't discovered yet. I think it needs some catalyst for Bitcoin to switch into bull market sentiment, but is there really extraordinary good news on the horizon or relative certainty that no collapses are waiting around the corner? Nobody can really know except for those who do But I think that some players would make to love a move but are not sure whether the timing could be particularly bad right now.


One thing also is important to consider. It was often said that the stable coins played a big role in the last bull markets as they have been said to be excessively issued in order to buy up and push Bitcoin. That theory was never really confirmed nor denied, but if that was the case and there is now the growing interest from governments to further scrutinize and investigate stable coin providers, then that would actually take away one component that added to the upwards dynamics in the market in the past.

You may be right that it could be because of the news that is happening now in the crypto industry why the value of bitcoin fell a little bit and I did read some news regarding it.

This is about silvergate bank

California crypto banking giant Silvergate Capital announced Wednesday it is ending operations and liquidating its Silvergate Bank, sending its stock price plummeting, following a months-long downward spiral for the embattled crypto lender.

source: https://www.forbes.com/sites/brianbushard/2023/03/08/crypto-bank-silvergate-will-shut-down-amid-financial-problems/?sh=27f6ab9372b3

     It's possible that this is one of the reasons but I know that Bitcoin is not much affected by this. But it's surprising because since 2013 Silvergate started operating in this industry for about 9 years but in the end it still closed, maybe because of the intensity of the competition that led to this.

[Unbunplease]

I get the feeling that bitcoin prices will be held down by various speculative means until April. Then we may well see a good rise until July-August 2023. It is likely that we will see some important news in April (maybe Russia will be the newsmaker).

[Sir Legend]

The usual trend is that the price will rise if the previous year dropped, as we know that in 2022 the price dropped more than 70% compared to the end of 2021, of course this is our hope that after the drop, in 2023 the market will rise, not much what we can do apart from continuing to buy so that we have the opportunity to profit in 2023.

[bitgolden]

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's going on in the fiat world is a proof that this year will be a bullish year for all of us. I think it will even do better than expected all because we are talking about something that will actually hurt fiat a lot more and when fiat is hurt there are a lot of people who invest into bitcoin at the same time.

Because all those people who got out of bitcoin with the fear of volatility and the drops, will realize that their money is not safer at fiat and will end up with a much worse return in the long run. I know that it will not be simple to fix any of this and I know that it will take a while before we can see them all come here, but we will see it this year until the end.

[Woodie]

Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? I would love to hear why.

I think the year 2022 ended on a very bearish trend and knowing the mechanics of the market moves up and down like a wave, a pullback or new high is on the card's which means we should see price getting bullish especially in the second half of the year(2023) as bitcoin price will be discounted for many to buy it low.

I personally believe this is a bear market rally or something similar. 

I think we hit the low and price needs needs to bounce back up... Think of it like a bouncing ball which was thrown up and has lost momentum and needs to be picked up and thrown up to keep the ball bounce again.

[indah rezqi]

The usual trend is that the price will rise if the previous year dropped, as we know that in 2022 the price dropped more than 70% compared to the end of 2021, of course this is our hope that after the drop, in 2023 the market will rise, not much what we can do apart from continuing to buy so that we have the opportunity to profit in 2023.

Take a look at the bitcoin chart for 1 day TF, I think you will really get the answer about bitcoin price potential at 2023.
I haven't seen any drop to a low for 2023 so far like $18k or any other low. I think it clearly means that the price is in a bullish position even though in the last few days the market has experienced quite a big correction.

In fact today we actually had a strong move from the upside which eventually sent the price back near $25k. The percentage increase today or as I write is 14% and bitcoin is trading at $24.4k. I expect $25k to be break through quickly after this and $25k to be held till end of March.

[livingfree]

The usual trend is that the price will rise if the previous year dropped, as we know that in 2022 the price dropped more than 70% compared to the end of 2021, of course this is our hope that after the drop, in 2023 the market will rise, not much what we can do apart from continuing to buy so that we have the opportunity to profit in 2023.

And the another setup is rise do happens when we're just done with the halving. Well, we just came from a drop and that made a lot of thoughts that we'll see below $15k.

But within just a few days after the news popped about SVB and all other ruckus made by the banks in the US, here we go, the market has calmly and quickly recovered.

Now, after having that thoughts of being bearish for some in the last few days, there goes the idea going back that we're now bullish again. 

[Sorryfor]

The market has already grown quite a bit over the past few days. All markets turned green as the Bitcoin market gained momentum. The market is likely to gradually improve in 2023. But now is the right time to invest so it is possible to get profit even if you invest. So seeing the position of the Bitcoin market, it can be understood that the market is going back to the previous position again.

[Rasa nanas]

The usual trend is that the price will rise if the previous year dropped, as we know that in 2022 the price dropped more than 70% compared to the end of 2021, of course this is our hope that after the drop, in 2023 the market will rise, not much what we can do apart from continuing to buy so that we have the opportunity to profit in 2023.

yes that's true, but the price drop that happened in 2018 was also significant and it took about 3 years to recover and bitcoin to reach ATH again. it looks like the current price drop is not much different from 2018, that means it will take quite a long time for it to recover and reach ATH again. if this does happen the most likely possibility for bitcoin to touch ATH again is 2024, but it is not final as the crypto market changes frequently.

[Kadal Ijo]

Until now I'm optimistic that in 2023 the market will be bull run, even today will be a record in itself because the price rose by more than 17%, if before that many doubted that the price was difficult to reach $ 25k but today the price of $ 25k only happened about 3 hours since the price has already reached $26k, I believe this year the price can pass ATH in 2021.

[Epaper]

It is very difficult to accurately predict whether Bitcoin will experience a bullish or bearish movement in 2023. This is because Bitcoin price movements are heavily influenced by various factors such as market adoption, investor sentiment, government policies, and fluctuations in demand and supply.

[redsun114]

It is very difficult to accurately predict whether Bitcoin will experience a bullish or bearish movement in 2023. This is because Bitcoin price movements are heavily influenced by various factors such as market adoption, investor sentiment, government policies, and fluctuations in demand and supply.

I think we could easily see that it has been bullish this year, right? I mean I am not saying that it is doing terrible or great or anything like that but it is obvious that we are seeing it do as well as hoped for. The start of the year saw us go from 16k levels to 23k levels at first, we failed to break over 25k for a long time and then it dropped under 20k just recently, then it went ahead and moved above 25k now as well.

So, all of this provides a proof that we are in a bull market and by the end of the year we could easily be over 30k as well. People act as if that is normal but that is a x2 increase during the whole season and that matters.

[Davian144]

The market has already grown quite a bit over the past few days. All markets turned green as the Bitcoin market gained momentum. The market is likely to gradually improve in 2023. But now is the right time to invest so it is possible to get profit even if you invest. So seeing the position of the Bitcoin market, it can be understood that the market is going back to the previous position again.

It would be better if the investment was made before Bitcoin has increased in price like in the past two days, because the profit will be much better if you have time to buy Bitcoin at $20K and hold it for the long term. And in these two days traders also get extraordinary profits if they have time to buy at $20K and sell at $26K which is a very enormous profit in just two days, so stay optimistic about the Bitcoin market and also try to invest before Bitcoin increases its price in the market.