Quote from: wxa7115 on Today at 05:17:30 AM

Quote from: Piesel on January 18, 2023, 11:06:52 PM

Quote from: RILWAN on January 15, 2023, 10:42:46 PM

We are halfway into January and we are still around 20k Bitcoin price we may have a very slow growth in this period and since we are already above 20k the only time we can expect to end the month at a 25k price of we should be climbing up to around 22k before this week end.

some speculators are already predicting a further pull back since the price have dropped below the 21k within the last 24 hours.

But if tge price of Bitcoin can really recover up to 22k in thos months only then we can expect to see a significant bull come back with a lot of recoveries to do in the coming month if all things keep being equal and on a positive appetite.

The next days are going to be very important as according to some reports Genesis could declare bankruptcy a week from now, and it would be natural for the bears to take advantage of this opportunity to try to make the price to go even lower.

Regardless though, we haven't seen that much impact and dent on the price, although we have some corrections, going to back < $21k. But I think the $20k price is our support for now.

Quote from: wxa7115 on Today at 05:17:30 AM

But if the price can sustain itself and does not drop that hard then that would mean there are not many weak hands left on the market and that a stronger recovery is just a matter of time, and while I think this is the most likely scenario, a strong downward movement cannot be discarded completely.

As I have said, still holding and we didn't go below $20k, so maybe those who are selling are just small fraction, and investors are continuing to take advantage of the cheap price and loading as much bitcoin as they can at $20k price. What we should look is the price action throughout this month not just the end of the week as I have a feeling that we are going to sustain above $20k this month which is a good sign.