what caused bitcoin to go up this january 2023

[boltz]

Pure speculation! That's what made Bitcoin increase in price + Lunar year that everytime had an impact on Bitcoin price even if it was for good or bad. This year , we see nothing different , as Lunar year hit again , Bitcoin started to rise in price and as soon as it will end , most likely Bitcoin will fall under 20k again. If not , there are some small chances for a bear market to show sign of weakness and if that is the case , Bull run is not so far away but again , this is a very optimistic scenario.

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[carlisle1]

The more it stays like this the more I'm going to believe that it's not a bull trap or maybe it is but they just prolong it a little to caught more of the trap. Hard to say what makes this price to go and stop but it's almost a week that the price stayed like maybe we need a little more days and we will finally be able to see the real deal of this pump.

Although, Bitcoin has been in a bearish trend and was staying at the $17k, perhaps it's time to move the price a little since almost everyone are holding already.

There are believers who holds and that might affect the market to stay at this good position, but we can't say that it will be the
beginning of the market to pump up hardly.

The chance of seeing it to dump back is still possible, it will be depending on how you foresaw the potential market run.

And it's probably more on how you plan ahead your target for the next market bull season.

[Crypto_I.N]

I see the price of bitcoin has increased, from 18000 now to 21000. and I think this is a good increase, at the beginning of 2023 and I think of course this is a sign that bitcoin will soon go to a bull market,

but I want to ask is bitcoin going to a bull run, or is it just a trap,? which later the price of bitcoin will fall again to 18000 or 17000?

Indeed, seeing how enthusiastic people are now who are just literate about technology and find crypto as a field for making money, they are trying to mine as many bitcoins as possible.
And that is what makes bitcoin more and more increase in price every year, especially now that it is supported by computer equipment which makes it easier for traders to continue trying to develop their tools.

[Wong Gendheng]

A good start in 2023 because prices can rise by more than 30%, this is a strong indication that Hold Bitcoin is now the best option, investors are getting smarter and can do the best so that if this year there is a collapsed exchanges like FTX then it will not Has a significant impact, the market will grow positively because of the growing number of users.

[Pejoh Asu]

The more it stays like this the more I'm going to believe that it's not a bull trap or maybe it is but they just prolong it a little to caught more of the trap. Hard to say what makes this price to go and stop but it's almost a week that the price stayed like maybe we need a little more days and we will finally be able to see the real deal of this pump.

Although, Bitcoin has been in a bearish trend and was staying at the $17k, perhaps it's time to move the price a little since almost everyone are holding already.

When there was a significant increase this month, it made investors more optimistic about the future of bitcoin, at the end of 2023 many people believed that the price would continue to drop below $10k, but the price continued to hold and is now up more than 30% if we compare it with price position at the end of 2022, hopefully this year the price can reach at least $ 50k.

[Baofeng]

A good start in 2023 because prices can rise by more than 30%, this is a strong indication that Hold Bitcoin is now the best option, investors are getting smarter and can do the best so that if this year there is a collapsed exchanges like FTX then it will not Has a significant impact, the market will grow positively because of the growing number of users.

It's more of investors know where to put their money with less risk and there are chances that they can get at least x10 in the next bull run.

No need to look for more x20 or more, it will just make things complicated on your end and you might ending with a bad headache if suddenly the altcoins that you invested didn't go well in the bull run.

Like the FTX collapse, no one saw it coming. But if you just stay with bitcoin, I doubt that it will have the same situation because bitcoin is too big too fall and it has the universal support of investors.

[ivankoh]

Pure speculation! That's what made Bitcoin increase in price + Lunar year that everytime had an impact on Bitcoin price even if it was for good or bad. This year , we see nothing different , as Lunar year hit again , Bitcoin started to rise in price and as soon as it will end , most likely Bitcoin will fall under 20k again. If not , there are some small chances for a bear market to show sign of weakness and if that is the case , Bull run is not so far away but again , this is a very optimistic scenario.

Yah, If I'm not mistaken, you are referring to the prediction of buying on the 1st of Tet and selling on the 10th of the Lunar New Year in 2023 by researcher Markus Thielen.  Lol, that seems a bit of a hypothetical when looking at the current bitcoin price.  I think confidence in the Fed is no longer retained for the next adjustment.  If true, the possibility of the Fed raising interest rates by 0.25% is not very optimistic.  Whatever the assumption/speculation, it is a very bullish move for bitcoin.

[pooya87]

Pure speculation! That's what made Bitcoin increase in price + Lunar year that everytime had an impact on Bitcoin price even if it was for good or bad. This year , we see nothing different , as Lunar year hit again , Bitcoin started to rise in price and as soon as it will end , most likely Bitcoin will fall under 20k again. If not , there are some small chances for a bear market to show sign of weakness and if that is the case , Bull run is not so far away but again , this is a very optimistic scenario.

Yah, If I'm not mistaken, you are referring to the prediction of buying on the 1st of Tet and selling on the 10th of the Lunar New Year in 2023 by researcher Markus Thielen.  Lol, that seems a bit of a hypothetical when looking at the current bitcoin price.  I think confidence in the Fed is no longer retained for the next adjustment.  If true, the possibility of the Fed raising interest rates by 0.25% is not very optimistic.  Whatever the assumption/speculation, it is a very bullish move for bitcoin.

That sounds more like superstition than speculation since there really isn't any relationship between bitcoin and new years even though each year we see the same before and after them!

As for interest rates increase by the FED, The chances seem high already since they couldn't control inflation the way they wanted to. If they increase it again it would worsen the recession in United States which I don't see how that can be positive for bitcoin in short term, although I have to say those who wanted to sell should have already sold their bitcoins.

[fadhilz123]

A good start in 2023 because prices can rise by more than 30%, this is a strong indication that Hold Bitcoin is now the best option, investors are getting smarter and can do the best so that if this year there is a collapsed exchanges like FTX then it will not Has a significant impact, the market will grow positively because of the growing number of users.

You also look so optimistic when you say this and it's as if you know so well about the market crashing without having any impact. Hello mate, everything related to the market clearly has its risks and if there is a large exchange that crashes like what happened to FTX, of course the effect will be there and it can even be bigger than the effect that happened to FTX last year. So it will be very useless if you just talk carelessly without looking at examples of facts that have happened in the past year.

[tygeade]

A good start in 2023 because prices can rise by more than 30%, this is a strong indication that Hold Bitcoin is now the best option, investors are getting smarter and can do the best so that if this year there is a collapsed exchanges like FTX then it will not Has a significant impact, the market will grow positively because of the growing number of users.

You also look so optimistic when you say this and it's as if you know so well about the market crashing without having any impact. Hello mate, everything related to the market clearly has its risks and if there is a large exchange that crashes like what happened to FTX, of course the effect will be there and it can even be bigger than the effect that happened to FTX last year. So it will be very useless if you just talk carelessly without looking at examples of facts that have happened in the past year.

That's the issue with the market, you never know what's going to happen and I think it's going to be pretty mild to have a situation where it's going to end up with a trouble. Lets face the fact that any exchange could turn out to be a bankrupting one at any moment and we may never know about it, which is why it's quite important to be ready for any crash.

However, just because that could happen, doesn't mean it will drop, look at how Gemini got screwed and the market didn't care, but the market cared about FTX, why? Well market does what market wants, and that's why I think it's important to keep holding and not focus on just the potential crashes that may come, that's too pessimistic.

[o48o]

That's the issue with the market, you never know what's going to happen and I think it's going to be pretty mild to have a situation where it's going to end up with a trouble. Lets face the fact that any exchange could turn out to be a bankrupting one at any moment and we may never know about it, which is why it's quite important to be ready for any crash.

However, just because that could happen, doesn't mean it will drop, look at how Gemini got screwed and the market didn't care, but the market cared about FTX, why? Well market does what market wants, and that's why I think it's important to keep holding and not focus on just the potential crashes that may come, that's too pessimistic.

That's true but some things you can predict. Or get ready and prepare for anayway, For example tomorrow st Feb, there will be be a press conference in where FED is announcing their interest rate decision.

And i for one have a long order ready. In fact i might even gamble before the decision that it's going to be good news. That could affect crypto markets like a gasoline. And not in a destructive way

[lizarder]

I see the price of bitcoin has increased, from 18000 now to 21000. and I think this is a good increase, at the beginning of 2023 and I think of course this is a sign that bitcoin will soon go to a bull market

It's hard to say for sure what caused the bull run, bitcoin has been through cycles and will most likely continue in a more positive direction, before hitting ATH in the next year. The more people who try to hold bitcoin, the potential for an increase is also very likely to occur. Apart from that, the supply and demand relationship also plays a role in efforts to increase bitcoin prices in the future, who knows?

but I want to ask is bitcoin going to a bull run, or is it just a trap,? which later the price of bitcoin will fall again to 18000 or 17000?

Both are possible, but judging from previous bitcoin cycles, this year should be the starting point for recovery resistance and maybe a small correction will also have an impact, before the real breakthrough towards ATH.

The most appropriate step, buy and hold in the long term, because we will see something extraordinary from bitcoin, believe me!!!

[carlfebz2]

That's the issue with the market, you never know what's going to happen and I think it's going to be pretty mild to have a situation where it's going to end up with a trouble. Lets face the fact that any exchange could turn out to be a bankrupting one at any moment and we may never know about it, which is why it's quite important to be ready for any crash.

However, just because that could happen, doesn't mean it will drop, look at how Gemini got screwed and the market didn't care, but the market cared about FTX, why? Well market does what market wants, and that's why I think it's important to keep holding and not focus on just the potential crashes that may come, that's too pessimistic.

That's true but some things you can predict. Or get ready and prepare for anayway, For example tomorrow st Feb, there will be be a press conference in where FED is announcing their interest rate decision.

And i for one have a long order ready. In fact i might even gamble before the decision that it's going to be good news. That could affect crypto markets like a gasoline. And not in a destructive way

Make yourself versatile and could make out adjustments or easily adapt on which we know that this market involves up and down on which it is really just right that you should need to adjust whether on a bear

or bullish market.We know that everything is unsure and nothing is guaranteed into this market where it do involves lots of price pumps and dumps in a short span of time.Therefore, the wisest thing to be don is to

make yourself to be that adaptive and able to take up actions basing on what are the things in front of you.Expect the unexpected as always since this had been always the case.

[Lubang Bawah]

Until now there is no major news that makes bitcoin rise more than 35% in 2023, many argue that the current price increase is the growth in the number of users making requests for bitcoin, whatever the analysis, let's not be busy to keep looking for the cause of the price increase, it's better focus on profit, namely by continuing to buy.

[South Park]

That's the issue with the market, you never know what's going to happen and I think it's going to be pretty mild to have a situation where it's going to end up with a trouble. Lets face the fact that any exchange could turn out to be a bankrupting one at any moment and we may never know about it, which is why it's quite important to be ready for any crash.

However, just because that could happen, doesn't mean it will drop, look at how Gemini got screwed and the market didn't care, but the market cared about FTX, why? Well market does what market wants, and that's why I think it's important to keep holding and not focus on just the potential crashes that may come, that's too pessimistic.

Trying to figure out why things happen is in most occasions a useless exercise, with so many traders each doing their own thing on the market it is simply not possible for anyone to pinpoint the specific reason about why when an exchange crashes nothing happens and when another does the price does crash, then it is better to not even think about the why and instead concentrate ourselves on what we can do when the market goes down, decisions which have a major effect on our finances and in which we have complete control.

[Woodie]

In some crypto circles I have heard people say that finding of the billions in crypto from Sam Bankman-Fried could have fired the markets up after the alleged hack when the CEO of FTX put his interests first over the business.

But generally crypto is usually bullish around this time (Chinese new year time) if history saves me right.

And others claim the anticipation of another possible recession could be what's behind Bitcoins bullish moves as users try to protect their financial well-being.