What have changed in BTC price

[SquallLeonhart]

I think this year can be called crypto adoption because the integration of cryptocurrency into everyday aspects of life allows room to grow and strengthen itself as more than just an asset. It became a serious alternative financial system to fiat currency and people started to pay attention to it. we have seen a significant increase in bitcoin adoption by large institutions. Many large companies have accepted bitcoin as a payment method, and some have also purchased large amounts of bitcoin to use as an investment instrument. Therefore in the future the price of Bitcoin will again reach a new ATH.

That is the thing about bitcoin, if we could spend it instead of sell it for fiat and spend that? We could logically make al to more money as well, that is the important thing. If people end up spending it more than they sell it, eventually some of those sellers that receive the bitcoin will end up holding it instead of selling it, and that is going to make bitcoin go up a lot. Think about how the world uses fiat currencies, not every one of them is sold and that means we are going to see bitcoin go up in value because there are less sellers, it is just logic.

Supply and Demand mathematics say that if the supply drops, than even if demand stays the same the price would go up. And demand would go up a lot more as well, people who did not turn their fiat into crypto will end up doing it a lot easier because now they can use their crypto everywhere.

[bots1]

In my opinion, Bitcoin is in a consolidation phase, and I think it could last until the end of the year. Since its peak in April, institutional interest has waned, and there has been a shortage of liquidity from both corporate and retail buyers.

[philipma1957]

It will last until chips are no longer scarce.

[TravelMug]

In my opinion, Bitcoin is in a consolidation phase, and I think it could last until the end of the year. Since its peak in April, institutional interest has waned, and there has been a shortage of liquidity from both corporate and retail buyers.

We are no longer in the consolidation phase, the price has skyrocketed to the $50k'ish already, so that's no consolidation.

I totally disagree though that the interest of institutions and retail investors interest have waned out. If that is the case then we should be seeing the price into the $10k-$15k, but it didn't happen. After the lowest low that we hit this year around $28k, we have bounce back and make it double already as we enter the last quarter.

[Rajamuda]

It's all based on increasing interest from time to time, and in my opinion, from year to year it must experience a price movement that changes to a higher direction, this is of course because Bitcoin is getting closer to more people, it has strong potential from its advantages until the Bitcoin price does have a natural change, especially in this year.

[SirLancelot]

The biggest difference is definitely the big companies coming into bitcoin and staying as well. Retail investors like us were here for a long time and there are more and more of us out there every single day and we can change so much, look at what WSB subreddit did to Gamestop, there are many hedge funds who are trying to not lose money and they are throwing every single trick in the book at the retail investors but retail investors are not selling, they do not have any plan to sell, some of the people may have gotten out but more and more got in, which is why we could easily say that hedge funds lost.

However here it is not about retail vs funds, it is about big companies helping us out and getting in, and instead of small by small amounts getting in, we have huge amounts getting in, and instead of being the bad guys, they are good guys and get promoted and liked.

[Shasha80]

I think this time around, retail and institutional interest in crypto has ushered in greater adoption than ever before. The year 2021 is clear to see times have changed. This development was unimaginable even a few years ago. The future of bitcoin in the crypto market looks very bright.

The development of Bitcoin has indeed been extraordinary this year, even Bitcoin managed to reach a price above $60k, that's
an extraordinary achievement. I agree that this happened because this year many institutions invested in Bitcoin, and this led to
a large adoption process. Now that Bitcoin is still showing a positive trend by trying to rise above the $50k price, I believe until
the end of the year Bitcoin will be bullish. In conclusion, the future of Bitcoin will be very bright if we look at Bitcoin price movements,
then what we need to do is collect as much Bitcoin as possible.

[STT]

Can we now call 2021 the year of Bitcoin/crypto adoption year?

Price is not a good indicator when we have a currency standard being debased, it shows Dollar is increasingly weak in real terms such that very large numbers are possible in anything more certain in its progression.   BTC is clearly more limited supply then Dollar which has infinite and unscaled production of new dollars, one day it may completely fail and prove unreliable through no set fix to any system of value.
  Despite the great history behind dollar the modern reality it has no regular reliable schedule of issue.

[jakdanyel]

I think that this year has been quite positive about Bitcoin so far in general. I remember the huge dump. But the pandemic period helped this market start being preferred more than ever in this year. Because many people got stuck at their homes. They needed new things not to get bored and they met cryptocurrencies. There has been a huge demand for Bitcoin so far. And we are still expecting a bull run in this year also. If it happens, this year might be unbeatable for a long time.

[Fatunad]

I think that this year has been quite positive about Bitcoin so far in general. I remember the huge dump. But the pandemic period helped this market start being preferred more than ever in this year. Because many people got stuck at their homes. They needed new things not to get bored and they met cryptocurrencies. There has been a huge demand for Bitcoin so far. And we are still expecting a bull run in this year also. If it happens, this year might be unbeatable for a long time.

Remember that we had reached up all time high for this year the price of bitcoin climbed as high as $63,729.5 which means it did really make out some significant change if we do really tend to
compare it into the past. It isnt something surprising though considering on the demand and awareness of it then its just really that normal on having that attention.
For now it might not really be that anticipate on global scale but at least we are seeing some merchants and services out there that do really aware into its existence.

[rahmatrf331]

bitcoin has had a very drastic improvement in recent months, since the price of bitcoin fell at the level of $28k yesterday and was able to improve again in a few months, until today it returned to $50k. I see bitcoin has tremendous potential, it looks like bitcoin will score another new coordination meeting this year.

[BobK71]

It doesn't matter how much the price of BTC has gone up or down . To keep the market positive, BTC prices must remain stable. Today 7.9.2021 suddenly the price of BTC has changed drastically. Approximately 10% reduction in 24 hours. This is a really big fall in one day. I have never seen so much change in such short of time. Though i don't take it otherwise because it is as usual behavior of crypto market.

[STT]

Just normal profit taking nothing changed with this latest pullback, we reached the top prices for normal expectations and speculators closed trades is all it takes to bring us back to prices of about a month ago which is nothing drastic imo

In 5 days the 50 day moving average will cross above the 200 day moving average,  its fair to say it means we are in medium to long term positive in appreciative BTC price action.