Quote from: CryptoBuds on Today at 03:07:29 AM

Quote from: bounceback on Today at 02:32:13 AM

Quote from: Questat on January 17, 2023, 09:55:10 PM

Quote from: DaNNy001 on January 12, 2023, 12:22:34 PM

2022 was certainly a bloody year for bitcoin investors and many drama played out in the crypto space but all that said we have manage to cross the year successfully to 2023.

Perhaps, we can't assume also that 2023 is a good year for crypto but rather expect some dumps. We can't say that we already pass the bear season because even though we saw a few pumps in the market today but still not enough to make us say that we are moving to another phase of the market (bullish). I don't find this become a reason to sell my Bitcoin but rather to keep its hold. The pump is tricky and it is possible will drop again. Maybe I well sell my Bitcoin if the price of Bitcoin will reach $50k again.

We cannot conclude that the pump that occurred at the current bitcoin price will soon enter a bullish period and it seems that the recent pump will only last for a while as some investors who bought bitcoins below $20k will definitely take advantage of the increase to sell their bitcoins. so this will put pressure on the price movement, however if bitcoin is able to maintain its resistance area in the $21k area for the next few days then there is a possibility that the price of bitcoin will continue to increase further and could reach $24k this month or early next month.

Bitcoin is above $21k, and we still have yet to see any selling for a profit in the past few days. Many people buy at a low price doesn't mean they will sell as soon as they make a profit, maybe they still want to hold for a long time or are waiting for a higher profit.

A lot of people bought the dip and keep holding it until the next halving since they expected that the price at that time would increase. I am sure those who sold now that bought at 17K need money or they just want to sell for a profit no matter how small it is. Let's just respect them and we that continue holding let's ride the next rocket to the moon!? For sure due to halving a lot of people right now are saving up money (including me) to buy more what is the price getting ready for halving.