Quote from: Baofeng on January 16, 2023, 11:05:53 PM

Quote from: Why you bully me on January 16, 2023, 07:41:28 AM

I was thinking BTC was going to be on a down hill mostly until near end of 2023. Do you believe this is a bull trap or true recovery for next bull is now here?

I would be interested to see what you people think and why.

:3

Hard to say, but if you look at previous history, after a worst year, like in 2018 we bounce back a bit in 2019 in preparation for the bitcoin block halving in 2020. So this might be the same scenario here, 2022 is one of the worst bear market, but maybe this 2023 we could see a recovery, not the bull run that we expecting, but at least a good $30k-$40k at the end of the year will not be that bad isn't it.

In any case though, either bull trap or true recovery, I will advise you to continue to accumulate, the price is still very cheap today. Save and stack sats as much as you can and then we will see what will be the price in the next bull run, it could be a conservative $100k or higher. And that will be a huge profit for us if we start to pile up BTC thru DCA or any strategy that works for you.

The recent recovery became the reason why we saw a new market sentiment, people are now being happy after they see that the price of the bitcoin is finally goes back $20,000, it is a good move for the BTC because of the consecutive monthly down of its price. I'm part of the people that saying reversal is now happening and it can take weeks to months for us to see that the price of the bitcoin will create series of higher highs and higher lows. If we have enough plan for this new trend then we can catch a lot of opportunities.