Is Bitcoin Heading Back To $23,000?

[Oasisman]

Maybe it will go down further but I do not think we will go down to $15000 and I do not think we should be worried about it correcting a little because we should know that a bull run atm is impossible there has been to much instability and people are gaining faith back slowly but they have not gained full confidence yet that a bull run would require.

Most likely Btc will not gonna fall that low simply because it has enough trading volume to sustain the price level since the year started, and yeah people are gradually gaining their faith back after learning of the price improvement since it was last seen below $20k.
The most recent news regarding the fed's remarks on inflationary control has caused Bitcoin to surge back to $23k. That's what mostly the articles were saying, right after the fed's remark, Btc fell a few hundred dollars, but it didn't really go as low as $22k, which is good thing.

[19Nov16]

Yesterday I was worried that the bad trend would continue and the price would drop below $20k again, and today the market is rising again so that makes us optimistic that 2023 is the start of a skyrocket, even I really believe in February the price can reach $30k or go up more of 30% compared to the end of January price.

[TravelMug]

Yesterday I was worried that the bad trend would continue and the price would drop below $20k again, and today the market is rising again so that makes us optimistic that 2023 is the start of a skyrocket, even I really believe in February the price can reach $30k or go up more of 30% compared to the end of January price.

Same here, but then again, there are no momentum, or the price going back to $23,400 was not sustainable. I can see the price again on the $23,100. So anytime in the next 24 hours, the price might go down again.

And so it seems that $23k could be a big resistance this month. And now the bullish sentiments are slowing down a bit and hopefully it is not enough to see the price again going below $20k.

[1miau]

It looks like some people already got FOMO. 
But we should be realistic for now:

Bitcoin gained a lot in January, rising over 40% from 16,500 USD to 23,000 USD, which is one of the best January statistics since Bitcoin was launched.
After gaining over 40%, it's completely normal to have a dip, when few people are realizing profits.
We are still way over 20k USD, which is a great support level for Bitcoin's next gains. Before Bitcoin is going up, a small consolidation doesn't hurt. 

Yes, we expect gains from BTC but plz let be realistically. We have already gained a lot in January, so a phase to cool down a bit is very vital in the long-term. 

[GreatArkansas]

(....)
Yes, we expect gains from BTC but plz let be realistically. We have already gained a lot in January, so a phase to cool down a bit is very vital in the long-term. 

Agree. I rather have a healthy price movement than have crazy pumps without correction. With these testing supports, it will just help the Bitcoin market to be healthy. Healthy pumps and dumps are good to the market. It will not always pump, we must also have a correction along the way.
These dumps or corrections are also a good opportunity for people who are waiting for a buying opportunities.

[ethereumhunter]

Yesterday I was worried that the bad trend would continue and the price would drop below $20k again, and today the market is rising again so that makes us optimistic that 2023 is the start of a skyrocket, even I really believe in February the price can reach $30k or go up more of 30% compared to the end of January price.

Same here, but then again, there are no momentum, or the price going back to $23,400 was not sustainable. I can see the price again on the $23,100. So anytime in the next 24 hours, the price might go down again.

And so it seems that $23k could be a big resistance this month. And now the bullish sentiments are slowing down a bit and hopefully it is not enough to see the price again going below $20k.

And as it turns out, the bitcoin price went down again to $21k and I guess many people didn't expect this to happen. Also, the market is now on the weekend, where corrections can be frequent and there may be flash dumps coming to the market. It looks like the second week of this month, bitcoin should still be in the current price range but hopefully, next week the price can increase again.

And even though the price is back to $20k, that's okay because we are still being given a discount to buy at that low price. After the price has been low for a while, bitcoin will go back up again. And that is the time when we again see the profit potential.

[Pejoh Asu]

I didn't expect it because the price has dropped again and is now around $21k, hopefully this is not a bear sign anymore, we are tired of market conditions which are difficult to increase, the beginning of the year has shown good performance because it has increased by more than 40%, hopefully tomorrow the market will be green again and could return to a position of $ 23k.

[bitzizzix]

I didn't expect it because the price has dropped again and is now around $21k, hopefully this is not a bear sign anymore, we are tired of market conditions which are difficult to increase, the beginning of the year has shown good performance because it has increased by more than 40%, hopefully tomorrow the market will be green again and could return to a position of $ 23k.

As long as you do it for the long term, there's nothing to worry about because your goal is the highest price or a satisfactory profit. And I think this is still a healthy correction as the bitcoin price is struggling to reach 25K which there is a possibility that it will continue to reach 29K/30K, and this decline may be due to several factors.
and one of them because some new investors took profit after bitcoin price hit 24K in early February after they bought low and they still don't have the patience, and fear or Fomo, and hopefully bitcoin price doesn't drop more than 20K. Because if that happens there is a possibility that the bitcoin price will return to 17K.
the price of bitcoin is not easy to predict and the ups and downs of the price of bitcoin can occur due to several factors that make it reverse direction, and long term is the best choice for bitcoin.

[TravelMug]

Yesterday I was worried that the bad trend would continue and the price would drop below $20k again, and today the market is rising again so that makes us optimistic that 2023 is the start of a skyrocket, even I really believe in February the price can reach $30k or go up more of 30% compared to the end of January price.

Same here, but then again, there are no momentum, or the price going back to $23,400 was not sustainable. I can see the price again on the $23,100. So anytime in the next 24 hours, the price might go down again.

And so it seems that $23k could be a big resistance this month. And now the bullish sentiments are slowing down a bit and hopefully it is not enough to see the price again going below $20k.

And as it turns out, the bitcoin price went down again to $21k and I guess many people didn't expect this to happen. Also, the market is now on the weekend, where corrections can be frequent and there may be flash dumps coming to the market. It looks like the second week of this month, bitcoin should still be in the current price range but hopefully, next week the price can increase again.

And even though the price is back to $20k, that's okay because we are still being given a discount to buy at that low price. After the price has been low for a while, bitcoin will go back up again. And that is the time when we again see the profit potential.

Yeah, unfortunately, what I predicted is slowly getting into shape, there is no momentum upward and now we are in the $21k'ish and so the bearish trend is slowly with us again this February.

In any case, just hold and continue to accumulate if the correction is deep for this month.

There is nothing better that seeing our sats increasing as we might be entering a period of consolidation.

[el kaka22]

When this topic started, the question was "will it DROP to 23k" now we are aiming at going back to 23k. I think it is clear that sometimes things do not happen the way you want them to happen and we lose so much money because of it. I believe that things may not look to bright as of right now, but there is a good chance that it could go back to being better again in the future.

I think it is quite important to not lose hope and do not give up. If you lose hope and sell then you will regret it when the price starts to go back up again, worst case scenario you would hold your coins longer than you would like to, but it will go back up in the future and you will profit.

[Davian144]

Yesterday I was worried that the bad trend would continue and the price would drop below $20k again, and today the market is rising again so that makes us optimistic that 2023 is the start of a skyrocket, even I really believe in February the price can reach $30k or go up more of 30% compared to the end of January price.

Now everyone is enjoying the market correction with Bitcoin price already under $22K again. But a correction with a percentage that is not that much is not a problem to be afraid of because a more significant increase usually occurs after the completion of a correction or a price decrease. For this month I'm just more optimistic on the increase in price which might be $25K more, but I don't think Bitcoin will get to $30K in this month.

[ilovealtcoins]

I didn't expect it because the price has dropped again and is now around $21k, hopefully this is not a bear sign anymore, we are tired of market conditions which are difficult to increase, the beginning of the year has shown good performance because it has increased by more than 40%, hopefully tomorrow the market will be green again and could return to a position of $ 23k.

I don't see anyone getting tired of the current situation because those who have survived until now firmly believe that history will repeat itself and that the real bull season only comes when the halving takes place. What's going on is still a healthy market, and I find it very normal. Since bitcoin is up 40% in January, you shouldn't be upset when bitcoin corrects, you cannot expect bitcoin to just increase without falling.

[SirLancelot]

When this topic started, the question was "will it DROP to 23k" now we are aiming at going back to 23k. I think it is clear that sometimes things do not happen the way you want them to happen and we lose so much money because of it. I believe that things may not look to bright as of right now, but there is a good chance that it could go back to being better again in the future.

I think it is quite important to not lose hope and do not give up. If you lose hope and sell then you will regret it when the price starts to go back up again, worst case scenario you would hold your coins longer than you would like to, but it will go back up in the future and you will profit.

The OP asked it because he saw some signs that the rise won't continue further and it seems that he is correct with his predictions because days later, the price fell not only to $23k but it continued to $22k and now it was down to $21k but I am not sure if what you said there is true. Maybe I will only be convinced with that if we already break $22k and more (i.e $22.3k, $22.6k) something like that.

If you are only predicting the price blindly, without doing some analysis then yeah it won't mostly go against your predictions but I guess it's not really a big deal for you because are unlikely doing trades with that kind of knowledge you have.

[ethereumhunter]

Yesterday I was worried that the bad trend would continue and the price would drop below $20k again, and today the market is rising again so that makes us optimistic that 2023 is the start of a skyrocket, even I really believe in February the price can reach $30k or go up more of 30% compared to the end of January price.

Same here, but then again, there are no momentum, or the price going back to $23,400 was not sustainable. I can see the price again on the $23,100. So anytime in the next 24 hours, the price might go down again.

And so it seems that $23k could be a big resistance this month. And now the bullish sentiments are slowing down a bit and hopefully it is not enough to see the price again going below $20k.

And as it turns out, the bitcoin price went down again to $21k and I guess many people didn't expect this to happen. Also, the market is now on the weekend, where corrections can be frequent and there may be flash dumps coming to the market. It looks like the second week of this month, bitcoin should still be in the current price range but hopefully, next week the price can increase again.

And even though the price is back to $20k, that's okay because we are still being given a discount to buy at that low price. After the price has been low for a while, bitcoin will go back up again. And that is the time when we again see the profit potential.

Yeah, unfortunately, what I predicted is slowly getting into shape, there is no momentum upward and now we are in the $21k'ish and so the bearish trend is slowly with us again this February.

In any case, just hold and continue to accumulate if the correction is deep for this month.

There is nothing better that seeing our sats increasing as we might be entering a period of consolidation.

And it looks like the current market situation is getting more interesting as this time, the price is able to stay in the $21k range. But can it go down any deeper? The answer is definitely yes and I don't know. Hopefully, that doesn't happen.

But many predict that the bitcoin price could slide below $21k and maybe $19k-$20k. So we must be prepared for everything that will happen later because we are still at the weekend, which can usually trigger the price to get another correction.

I agree that we should be able to collect more satoshis this time because the bitcoin price has fallen deeper than before. And if we don't use it, we may regret it later.

[Mr.suevie]

The price fluctuation shouldnt be a worry to an investor who is currently planning on hodling his BTC for a long term investment as we all know that the market is currently experiencing a bearish season. Constant watch of the market can even scare you thats if don't understand the market because the price rate always fluctuates and it may cause you to sell off your coins.

[cryptomaniac_xxx]

The price fluctuation shouldnt be a worry to an investor who is currently planning on hodling his BTC for a long term investment as we all know that the market is currently experiencing a bearish season. Constant watch of the market can even scare you thats if don't understand the market because the price rate always fluctuates and it may cause you to sell off your coins.

You are right, but we are discussing about the current trend, the price goes above $24k to be able to go back again to $21k. So yeah, fluctuating price and no one can see where the price is heading because of this. I just everyone went on that kind of experience to check the price everytime because after all we have our investments and see if it is growing. Nevertheless when we grow mature here, price is just a means to an end. Accumulation and going long will be the better option. So let's see if we can go back to $23k or this correction will continue next week.

[STT]

BTC is breaking some of its recent negative descent but it took almost all of the hours left in 11th of Feb a weekend with no large selling apparent to do so.   Its a weak responce, I would not expect large positive moves in BTC until it proves better capable of doing so.   
  I dont expect more then the peak price of 22.8k seen about 50 hours ago, that'd be the first target so far price action appears greatly subdued.

[DOH!]

Bitcoin tightened its bullish momentum and broke out of the bear market in January, which bodes well for the market.  Recently, FUD-SEC pressure has partly affected the market but bitcoin is still safe at $21k, next correction could kick off rally at $23k, now  is a good time to observe how bitcoin moves.  The fact that bitcoin in February was able to close at $23k is also an impressive result.  I'm not worried at all with accumulative buying and long-term structure building.

[Joshapat]

I didn't expect it because the price has dropped again and is now around $21k, hopefully this is not a bear sign anymore, we are tired of market conditions which are difficult to increase, the beginning of the year has shown good performance because it has increased by more than 40%, hopefully tomorrow the market will be green again and could return to a position of $ 23k.

I don't see anyone getting tired of the current situation because those who have survived until now firmly believe that history will repeat itself and that the real bull season only comes when the halving takes place. What's going on is still a healthy market, and I find it very normal. Since bitcoin is up 40% in January, you shouldn't be upset when bitcoin corrects, you cannot expect bitcoin to just increase without falling.

And today the price has risen more than 12% and is close to $ 25k, if the price has touched $ 25k there will be many big surprises that can happen this year, bored investors are usually those who expect too much to get big profits in a short time, this is which makes us always have to look for other sources of income, and making bitcoin as an alternative income is better so we don't panic when the market is red.

[Dave1]

I didn't expect it because the price has dropped again and is now around $21k, hopefully this is not a bear sign anymore, we are tired of market conditions which are difficult to increase, the beginning of the year has shown good performance because it has increased by more than 40%, hopefully tomorrow the market will be green again and could return to a position of $ 23k.

I don't see anyone getting tired of the current situation because those who have survived until now firmly believe that history will repeat itself and that the real bull season only comes when the halving takes place. What's going on is still a healthy market, and I find it very normal. Since bitcoin is up 40% in January, you shouldn't be upset when bitcoin corrects, you cannot expect bitcoin to just increase without falling.

And today the price has risen more than 12% and is close to $ 25k, if the price has touched $ 25k there will be many big surprises that can happen this year, bored investors are usually those who expect too much to get big profits in a short time, this is which makes us always have to look for other sources of income, and making bitcoin as an alternative income is better so we don't panic when the market is red.

Yes, that's how unpredictable the price movement as of late, now we are going to attempt a 3rd time to break $25k and we don't know if we can do it or it will take another week to have the bullish momentum to punch it out.

So we will see, 8% or more increased in a day, that is huge because there could be positive news in the market. And it looks like we will continue to have a bullish outlook 2 months straight for this year.