Will the bitcoin price continue to increase?

[dragonvslinux]

I think it will continue to increase but not in a straight line as it has been, now that many believe that not only the low is in, but currently there is a trend reversal.

My general theory would be a correction at some point, but the higher we go then the deeper the correction:

$21.5K to $19.5K (-10%)
$25K to $21.5K (-15%)
$30K to $25K (-17%)
$40K to $30K (-25%)
$50K to $25K (-50%) ~ My ultimate target for full blown reversal

Roughly...

Yeah, just imagine if we hit $50k this year and then go back to $25k, but I guess it could be good to us then, as we can continue to accumulate before the bull run or the block halving next year.

I think if we reach $50K in the coming months (similar to a 2019 retracement to 0.618 fib) then it will simply be too far too soon, hence a deeper correction towards the end of the year. Not ruling out simply moving sideways between $15K and $30K either, as this is what happened in 2015. Likewise, something inbetween reaching $50K and going sideways is more than possible.

In any case, we really don't know what's going to happen long term, there are news that can really affect the price, the one that the OP mentions somewhat bring the market down when the Russian owner of Bitzlato was charge a week ago. But we are still good at this point and trying to break $23k.

Bitzlato was a completely irrelevant exchange imo, so had no short-term affect on price action. It also becomes clearer when a bull trend returns as bearish news no longer affects price. We're all too keen to attribute bearish news to bearish price action and bullish news to bullish price action, but when bearish news has no effect on the bullish trend or visa versa, then it usually goes somewhat unnoticed.

[rodskee]

watching the market continues to grow for at least 1 week now? I think it is better if we will look at that point though expect also some changes in the coming weeks as the price may decrease a little as we knew about the changes or the recovery and some are selling because they are trapped of the decrease from the whole 2022.

Maybe, maybe not, but even if it did increase from here, it wouldn't boom past 30k imo, at most 25k maybe. The 20k recovery was supposed to have happened months ago which originally did iirc, but with the ftx fiasco happening, it pushed it down back and lasted till the end of the year. So it goes back up to 20k doesn't really say anything about it going up continuously once again. In the long term, I don't expect any big gains, in the short term who knows.

if not to take 30k at least we can expect 25k any time soon?

[michellee]

Now bitcoin has started to increase again to $ 23k and there is a possibility that the price will continue to increase after yesterday's correction. Yesterday's correction turned out to be a small correction that had too much effect on the bitcoin price so that the price did not fall too deep and could experience another increase today. I feel that the next barrier for bitcoin price is at $25k.

Hopefully, the price of bitcoin will not have too much influence on the negative news that is experienced by countries out there. And even if there is a decline later, the price of bitcoin will not fall too deeply so that it will not cause panic in the market.

[Fara Chan]

is it possible that bitcoin will increase again in the near future, or will it decrease again.

So far we can only say what has been concluded from some of the analysis that has been seen from the graph of increasing and decreasing value in the market, currently what is happening in the market is still not very stable, basically prices are never stable, maybe the predictions obtained by Bitcoin will be staying above $20k till the end of this January, now the Little Bulls are still trying to pump up the price.
It is very likely that in the near future the market chart will continue to increase even though with a not so significant increase soaring upwards.

[Davian144]

So far we can only say what has been concluded from some of the analysis that has been seen from the graph of increasing and decreasing value in the market, currently what is happening in the market is still not very stable, basically prices are never stable, maybe the predictions obtained by Bitcoin will be staying above $20k till the end of this January, now the Little Bulls are still trying to pump up the price.
It is very likely that in the near future the market chart will continue to increase even though with a not so significant increase soaring upwards.

Now the Bitcoin price is starting to run in the $23K area with a small correction in the market, meaning that the Bitcoin price is now in a very good area and still has a chance for a better increase this month although I only believe that Bitcoin will end this January on $23K+ assuming no further correction in the near future. Because some people think that this year is the time for price improvement for Bitcoin before going to a real bull.

[un_rank]

some novice investors and traders have more concerns about the assets they own. especially when market conditions are not very friendly. they look at a market that has fallen sharply and then sees a move that makes them happy. Of course, there is a sense of wanting to take advantage of seeing the correction happen again.

That is one quick way to get burned out of the market quickly. If you are confident on your choice of asset and did your research beforehand, then you should not be bothered by unfriendly market conditions. This difficult for new holders, but easier for more experienced ones.

Without trading skills, trying to profit from changing markets would result is losses.

- Jay -

[ivankoh]

Bitcoin price has shown signs of improvement this year. it is clear that the time of 15k price has long since shown a positive sign when entering the new year.  That also opens the prospect of price recovering at an increasing level, a slight increase is a good but likely scenario.  So that is a bullish signal and I believe this is not the time for institutions to book short term profits.

[jaberwock]

Bitcoins price completely depends on their users only. If we want, then only the price will increase, and vice versa. The thing that I want to point out is that, Bitcoin follows the policy of supply and demand. So if the demand of the coin increases, then due to the limited supply of coin, the price will be forced to increase. So Bitcoins will only increase, if we buy more coins than we sell. You can easily see the application in a particular exchange. If the exchange has more buy orders than sell orders, then you will notice that the price of Bitcoins will increase simultaneously.

This is the disadvantage of a decentralized currency. Unlike to a centralized currency like fiat and some stable coins which value depends on the bank, the value of decentralized coins such as Bitcoin will only depend on the trust of the people so BTC must be careful because a one big mistake could lead for the users to quit on supporting it and then it will now become valueless or useless.

It seems too good be true that the only way for the Bitcoins value to increase is for the people to buy more coins and not to sell them but what's the point of doing this right? We shouldn't forget that the primary reason on why people hop in is because of the profit.

[Fara Chan]

So far we can only say what has been concluded from some of the analysis that has been seen from the graph of increasing and decreasing value in the market, currently what is happening in the market is still not very stable, basically prices are never stable, maybe the predictions obtained by Bitcoin will be staying above $20k till the end of this January, now the Little Bulls are still trying to pump up the price.
It is very likely that in the near future the market chart will continue to increase even though with a not so significant increase soaring upwards.

Now the Bitcoin price is starting to run in the $23K area with a small correction in the market, meaning that the Bitcoin price is now in a very good area and still has a chance for a better increase this month although I only believe that Bitcoin will end this January on $23K+ assuming no further correction in the near future. Because some people think that this year is the time for price improvement for Bitcoin before going to a real bull.

And until now we still have full confidence in Bitcoin, we always feel Bitcoin brings everything more directed, we all still really believe Bitcoin will continue to increase, at the end of January we expect Bitcoin to determine a better value, one of which is as you mentioned " you and some people want Bitcoin to end this January with a Value of $ 23k or even more ", and here we still really believe this year should be a good year for Bitcoin.

Right now Bitcoin price is in the process of pumping maybe not significantly too much upwards, but Bitcoin is still going through this process with little bulls, generally we know this to be a good start for Bitcoin and its true holders.

[Yaunfitda]

Now bitcoin has started to increase again to $ 23k and there is a possibility that the price will continue to increase after yesterday's correction. Yesterday's correction turned out to be a small correction that had too much effect on the bitcoin price so that the price did not fall too deep and could experience another increase today. I feel that the next barrier for bitcoin price is at $25k.

Barely holding $23k, but I do agree that it's nice to see that price after a long time. But we need to hold and sustain this price, because from the looks of it, doesn't yet that sustainable. And if I'm not mistaken, we hit $23,500 before the correction. So we need to see that price again, if ever we can reach that in the next 5 days or at the end of this month.

Hopefully, the price of bitcoin will not have too much influence on the negative news that is experienced by countries out there. And even if there is a decline later, the price of bitcoin will not fall too deeply so that it will not cause panic in the market.

Depends on the negative news that we will hear. But for now, it's seem that the panic has subsided already. The last negative news is the FTX collapse but we are over with it and that is very positive news.

[milewilda]

Bitcoins price completely depends on their users only. If we want, then only the price will increase, and vice versa. The thing that I want to point out is that, Bitcoin follows the policy of supply and demand. So if the demand of the coin increases, then due to the limited supply of coin, the price will be forced to increase. So Bitcoins will only increase, if we buy more coins than we sell. You can easily see the application in a particular exchange. If the exchange has more buy orders than sell orders, then you will notice that the price of Bitcoins will increase simultaneously.

This is the disadvantage of a decentralized currency. Unlike to a centralized currency like fiat and some stable coins which value depends on the bank, the value of decentralized coins such as Bitcoin will only depend on the trust of the people so BTC must be careful because a one big mistake could lead for the users to quit on supporting it and then it will now become valueless or useless.

It seems too good be true that the only way for the Bitcoins value to increase is for the people to buy more coins and not to sell them but what's the point of doing this right? We shouldn't forget that the primary reason on why people hop in is because of the profit.

Profit in most case which it isnt surprising and only a few percent is totally really that being supportive when it comes to its utility which is something not that surprising and just let them be because we do have different perceptions on things but even myself is really that included into those people who do come after the profits and not for its utility frankly speaking.Its true that if we do speak about future then there would be no guarantee on what would happen because it would really be basing up on the demand which is something that we do know that could drive out the price for whatever the position or movement
it would be and this should be bare up on mind about or  speaking about  the risk.

[beerlover]

Now bitcoin has started to increase again to $ 23k and there is a possibility that the price will continue to increase after yesterday's correction. Yesterday's correction turned out to be a small correction that had too much effect on the bitcoin price so that the price did not fall too deep and could experience another increase today. I feel that the next barrier for bitcoin price is at $25k.

Barely holding $23k, but I do agree that it's nice to see that price after a long time. But we need to hold and sustain this price, because from the looks of it, doesn't yet that sustainable. And if I'm not mistaken, we hit $23,500 before the correction. So we need to see that price again, if ever we can reach that in the next 5 days or at the end of this month.

Holding and sustaining the price is only possible if everyone in the market trusts what's going on. There are too many people who think that bitcoin is not where it should be and they are afraid that it will go down, too many people are worried that we are going to crash even harder and there could be even a lower bottom after this.

If we keep fearing upside, then we will go lower, however if we get hyped about the current situation then we could be going even higher and that will be much better, it would allow everyone to work towards making bitcoin price higher. For this to happen we need to keep buying and keep saying good things about the current situation in every possible place.

[OgNasty]

Seems pretty clear to me that the market hit bottom and is on it's way up, likely for a couple of years.  Sure, there will be bull traps and liquidation crunches, but if you purchased BTC with your own money and removed it from an exchange, you don't have to worry about these things.  Keep stacking sats and wait a year or two, you'll be glad you did.  When you look at the daily news cycle and manipulation of crypto, it's easy to get lost in a trader's mindset.  However, if you zoom out and look at the 4-year cycle with some patience, this should be the easiest investment you ever make.  Buy now and sell in 2025, then buy in 2027 and sell in 2029.  You're welcome.  If your time frame is shorter than that, consider looking at ways to earn income as investing is not what you're looking for.

[Silberman]

Now bitcoin has started to increase again to $ 23k and there is a possibility that the price will continue to increase after yesterday's correction. Yesterday's correction turned out to be a small correction that had too much effect on the bitcoin price so that the price did not fall too deep and could experience another increase today. I feel that the next barrier for bitcoin price is at $25k.

Hopefully, the price of bitcoin will not have too much influence on the negative news that is experienced by countries out there. And even if there is a decline later, the price of bitcoin will not fall too deeply so that it will not cause panic in the market.

Just in the last few hours there was an attempt by the bears to try to make the price of bitcoin to go below 22k and they got close to achieving it, but the bulls have reacted quickly and now they are buying bitcoin and it has reached a price of 22.5k, this is very similar to the move we saw 2 days ago and it seems this attempt will also be defeated by the bulls, but this shows the bears are still trying to end the bullish momentum we have built and if given the opportunity they will try to make the market to lose the ground we have won during the last weeks.

[kro55]

Bitcoins price completely depends on their users only. If we want, then only the price will increase, and vice versa. The thing that I want to point out is that, Bitcoin follows the policy of supply and demand. So if the demand of the coin increases, then due to the limited supply of coin, the price will be forced to increase. So Bitcoins will only increase, if we buy more coins than we sell. You can easily see the application in a particular exchange. If the exchange has more buy orders than sell orders, then you will notice that the price of Bitcoins will increase simultaneously.

The value of any asset depends on supply and demand. But at present, the value of bitcoin I suspect that it depends only on supply and demand.
Bitcoin is still a volatile asset and somewhat manipulated by sharks, the bitcoin market is more of a game than a supply and demand market. This will improve in the future when bitcoin becomes bigger, like the gold market, but unfortunately, now is not the time. So we can never predict whether the bitcoin price will go up or down in the coming days.

[michellee]

Now bitcoin has started to increase again to $ 23k and there is a possibility that the price will continue to increase after yesterday's correction. Yesterday's correction turned out to be a small correction that had too much effect on the bitcoin price so that the price did not fall too deep and could experience another increase today. I feel that the next barrier for bitcoin price is at $25k.

Barely holding $23k, but I do agree that it's nice to see that price after a long time. But we need to hold and sustain this price, because from the looks of it, doesn't yet that sustainable. And if I'm not mistaken, we hit $23,500 before the correction. So we need to see that price again, if ever we can reach that in the next 5 days or at the end of this month.

And apparently, a correction is starting to come again for the bitcoin price as it has now fallen back to $22.5xx. We seem to have to be more patient in waiting for prices to increase again. From these 24 hours, the bitcoin price has decreased by 2.21% and I wonder to what extent this decline will stop and reverse direction again. But let's hope that the bitcoin price survives the current correction so it doesn't drop below $22k.

Hopefully, the price of bitcoin will not have too much influence on the negative news that is experienced by countries out there. And even if there is a decline later, the price of bitcoin will not fall too deeply so that it will not cause panic in the market.

Depends on the negative news that we will hear. But for now, it's seem that the panic has subsided already. The last negative news is the FTX collapse but we are over with it and that is very positive news.

That's true but we don't know if there will be negative news from other countries related to regulations governing crypto. That could cause the price to experience a correction because we have seen it happen before and make it fall even deeper.

[yudi09]

bitcoin started the year quickly, resulting in a series of price increases, bitcoin for example increased in price to $20,000, and now bitcoin has increased again to $22,695.20.
is it possible that bitcoin will increase again in the near future, or will it decrease again.

There will be further improvements but we can't say when the improvement graph will stand tall. We are waiting for the price of $23K to hold for the next few months to plan ahead for other situations to occur.

on the other hand some of the negative things experienced by crypto this week also dampened the positive atmosphere, one of which was anxiety in the market, when the US justice department announced it would make an important statement.
However, the statement announcing the confiscation of Russian cryptocurrencies based in Hong Kong, as a continuation of the operations that have been underway from September eased the anxiety a bit. But still the warning message from the US DOJ was overwhelming.

Reference : bitcoin news

Negative news will always be there to destabilize the market by those who wish to make huge profits. But we feel confident if at this time many investors are starting to understand in accepting any negative news aimed at Bitcoin and many investors are starting to realize that Bitcoin is a long-term investment for profit.

[CryptocurrencyJunction]

 Inflation will have a significant impact on Bitcoin's price in 2023 With Bitcoin's price halving this year, some believe it will skyrocket next year. 

[JoyMarsha]

Whether bitcoin keeps increasing or decreasing in the near future, what gives me the courage to trust in bitcoin, is that bitcoin ain't going nowhere. it has come to stay. That alone gives me happiness cos am having a long-time goal of bitcoin. Not stressing myself about the price of bitcoin now.

The future is with bitcoin. The key is to have a long-term investment strategy. if only not to let changes in the price of bitcoin influence your emotions.

[Fatunad]

 Inflation will have a significant impact on Bitcoin's price in 2023 With Bitcoin's price halving this year, some believe it will skyrocket next year. 

Just dont make yourself that too hopeful so that you wont be ending up on getting frustrated or annoyed or regretting for whatever actions that you had missed out.This is the hardest part when dealing on an
unpredictable and random market where we do always have those questions on mind on where the price would really be that going.This is where analysis and strategies would really be that significant
as a trader or investor which you would really be basing up your situation and decisions into that.We know that we do have different approach and this is where it do determines whether you
are really that good or not on sustaining yourself.