Will the bitcoin price continue to increase?

[Baofeng]

Anyone saw the price hitting as high as $23,400? So now, $23k is the biggest support line, and it might take some days to maintain that price. Because that's how the market works when he had this sort of mini bullrun. The last time was $22k and it took us like 4 attempts to finally get over with that barrier and hit $23k++ today.

So yeah, probably the price will continue to increase even next month.

And it seems that everyone is very bullish right now. It could be good or bad, depending on how you are going to look at it.

[STT]

Nothing is ever new, thats the best stance to have when considering what could occur.   Its not quite cynical its just reasonable that history has a worth too.   The pattern of what will be is quite sure to reflect the pattern of what has been.    When we can see a bias upwards its fair to be more positive but theres always repeats and its reasonable to expect BTC will respect prior volume and hesitate at certain points more then others.


Theres more then enough reasons in this graph to expect some hesitant action around the pricing sub 30k.     A big factor by itself is we approach the initial sell-off low, at first 27k was a sea bed when we plunged then we found a further crevice to go lower    If we're emerging again, heres where there is some volume and time likely required to push back and forth finding and weighing up strength in BTC vs various sellers.   
  Theres always words and stories describing a situation in an asset but the graph with just numbers also has a story and I think we do move in circles here for as long as is needed to thrash out weakness etc.

"Il n'y a de nouveau que ce qui est oublié" ("There is nothing new except what has been forgotten.").

[uneng]

Anyone saw the price hitting as high as $23,400? So now, $23k is the biggest support line, and it might take some days to maintain that price. Because that's how the market works when he had this sort of mini bullrun. The last time was $22k and it took us like 4 attempts to finally get over with that barrier and hit $23k++ today.

So yeah, probably the price will continue to increase even next month.

And it seems that everyone is very bullish right now. It could be good or bad, depending on how you are going to look at it.

I agree with you. Bitcoin is now between 23,000$ and 23,500$. Next fluctuations are going to define with certainity if we can really consider a new support level or if we should still take in consideration Bitcoin may drop to 22,000$ and 21,000$.
Personally, I expect Bitcoin to remain stable on this price range, or to continue rising from 1000$ in 1000$ for the next months. I don't believe in a hard crash in this year of 2023. The currently scenario looks a preparation for a strong and intense bull run that should happen next year.

[Fundamentals Of]

That warning of the DOJ does not mean we should be wary in buying Bitcoin. It doesn't mean too much to its price or to the security of investing in Bitcoin. So it can't be a reason why you should not buy now while the bull run is probably starting.

There's reason to believe that this increase right now is not the bull run yet. Probably the start but the halving is yet to happen in 2024 and that signals a much stronger bull run. The price right now is still low despite the recent increases.

[dansus021]

No one has a crystal ball to predict what happens in the near or distant future, though the latter is considerably easier to attempt to predict.

Indeed  I mean if i have one i will play futures all in with leverage x150 
Since this speculation i don't think bitcoin gonna reach new ATH this year bitcoin is oversold for couple of week so price is up is normal.

but enjoy take profit if you want too and maybe altcoin will start to rise this august

[Sebas.tian]

Based on the moved of the market price early this year, showed that Bitcoin price will continue increasing till next year 2024 because the price just hit $23,232 few days ago that is making long term investors and short term investors celebrating for the massive moved of the price. I think, 2023 is a year of recovery from the losses investors experienced last year, because according to some researchers last year saw what will happen to Bitcoin price this year that made them to spread the information for investors to do everything possible within their power to invest in Bitcoin and other stable coins so that they will be part of the process in this season.

[peter0425]

well, Bitcoin is continuously increasing as the market shows us here https://coinmarketcap.com/currencies/bitcoin/ and to my belief we will be having small dump but the growth will follow through the years till halving comes.
yeah there is some says it is another bull trap buy looking at the graph? bitcoin will have its way up this whole year.

[Joshapat]

well, Bitcoin is continuously increasing as the market shows us here https://coinmarketcap.com/currencies/bitcoin/ and to my belief we will be having small dump but the growth will follow through the years till halving comes.
yeah there is some says it is another bull trap buy looking at the graph? bitcoin will have its way up this whole year.

No doubt to believe that the price will continue to rise, usually the trend will be up after a correction in 2022, and it's time to continue to buy and hold, I believe this year the price can touch at least $ 40k, even many influencers on social media believe that the year this can create new ATH.

[visionE2]

No doubt to believe that the price will continue to rise, usually the trend will be up after a correction in 2022, and it's time to continue to buy and hold, I believe this year the price can touch at least $ 40k, even many influencers on social media believe that the year this can create new ATH.

Yes I agree with you, many analysis of BTC price indicates that Bitcoin is in oversold condition, which could indicate a short term bottom. Over the past few weeks, the price of Bitcoin has been hovering around $15k-22k, and some see it as an opportunity to buy Bitcoin before it hits $40k.

[ScamViruS]

well, Bitcoin is continuously increasing as the market shows us here https://coinmarketcap.com/currencies/bitcoin/ and to my belief we will be having small dump but the growth will follow through the years till halving comes.
yeah there is some says it is another bull trap buy looking at the graph? bitcoin will have its way up this whole year.

No doubt to believe that the price will continue to rise, usually the trend will be up after a correction in 2022, and it's time to continue to buy and hold, I believe this year the price can touch at least $ 40k, even many influencers on social media believe that the year this can create new ATH.

With the change in market trends, everyone's thinking has changed. The way Bitcoin is going uptrend after the start of the new year is really promising. If Bitcoin continues this uptrend we may see something better this year. And the market needs a healthy correction to start the next uptrend. The positive momentum created in the crypto market at the start of this year has given crypto investors a lot of relief. A few days ago everyone was bearish about the market trend, and now everyone has changed. Influencer activity has increased on social media, which is good for the crypto market. Let's see if we can achieve the $40k target in the near future.

[ultrloa]

No doubt to believe that the price will continue to rise, usually the trend will be up after a correction in 2022, and it's time to continue to buy and hold, I believe this year the price can touch at least $ 40k, even many influencers on social media believe that the year this can create new ATH.

Yes I agree with you, many analysis of BTC price indicates that Bitcoin is in oversold condition, which could indicate a short term bottom. Over the past few weeks, the price of Bitcoin has been hovering around $15k-22k, and some see it as an opportunity to buy Bitcoin before it hits $40k.

At the moment still good phase to buy since we are not done yet with the bullish condition. The movement we see at the moment is slight recovery and there are more to come then might we will pass again at the $40k price you given. This is good for long term holder but for people intend to trade short then its still fine since they can still ride the hype brought by bullish condition what we see these past few days.

[Natalim]

Interesting question but the answer is "we never know". I say this not because I'm doubted the potential of Bitcoin but due to the unstable movement of the market today, it seems to be the right answer. Of course, it will pump someday, no doubt about it but with the current situation, it is something we are in a level of confusion as to what will happen next. That is why we should be careful with the pump today, can't say it was a trap but must prepare for the possible dump to come.

[maydna]

The current bitcoin price situation can be confusing because today, the bitcoin price has gone up and down and doesn't move up or down too much, and it looks like the price looks sideways. Perhaps, we will continue to see the price like this until the end of the month, and probably in the next month, the price will start to rally again. But I don't know, that's just a temporary prediction while we also don't know for sure what will happen later. The important thing is to prepare your money. If you see the price is right for you, make a purchase.

[justdimin]

The current bitcoin price situation can be confusing because today, the bitcoin price has gone up and down and doesn't move up or down too much, and it looks like the price looks sideways. Perhaps, we will continue to see the price like this until the end of the month, and probably in the next month, the price will start to rally again. But I don't know, that's just a temporary prediction while we also don't know for sure what will happen later. The important thing is to prepare your money. If you see the price is right for you, make a purchase.

I do not think that it will stay sideways for too long. I know that it has been sideways for a very long time before this increase, and people think that we may go back to that again and I understand the logic behind it. But, the cat is out of the bag and I believe that it won't happen again and again.

I think it is going to be something seriously good and we just need to make sure that we could end up with a good return eventually. The price has already moved big time, and it can't go back to sideways, it is going to keep making big moves, either up (which is the likely expectation) or down (unlikely) because once it starts being volatile, it's hard to make it go back to being sideways.

[19Nov16]

Very happy because bitcoin has risen more than 30% in january, the opportunity to continue to rise is even greater because more and more of the world's top companies are making bitcoin as an asset, moreover many currencies continue to decline so the best alternative for storing assets is bitcoin, even though there will always be speculators who take advantage of the current moment to take profits because they buy at a price below $ 20k so if they sell now they will have profit of more than 10%.

[kotajikikox]

Here is the movement and you can assess looking at the chart and graph to tell what is the future for this coin this year

https://coinmarketcap.com/currencies/bitcoin/

but also we can check the yearly graphs to compare what would be the factor for expectations .

I love to buy and wait and this is the attitude we need to act .

[Minor Miner]

Interesting question but the answer is "we never know". I say this not because I'm doubted the potential of Bitcoin but due to the unstable movement of the market today, it seems to be the right answer. Of course, it will pump someday, no doubt about it but with the current situation, it is something we are in a level of confusion as to what will happen next. That is why we should be careful with the pump today, can't say it was a trap but must prepare for the possible dump to come.

If this is a 5 year or 10 year long term question, then really without thinking or doubting, I will declare that bitcoin will continue to rise and hit new ATHs. But this is a short term question, and I doubt everything because of the sudden price increase of bitcoin. Bitcoin price increase is a good thing as it will bring profit to all of us, but we also need to watch out as this is most likely a price trap that will make us lose. So there is nothing wrong with us being skeptical of this bull run.

[maydna]

The current bitcoin price situation can be confusing because today, the bitcoin price has gone up and down and doesn't move up or down too much, and it looks like the price looks sideways. Perhaps, we will continue to see the price like this until the end of the month, and probably in the next month, the price will start to rally again. But I don't know, that's just a temporary prediction while we also don't know for sure what will happen later. The important thing is to prepare your money. If you see the price is right for you, make a purchase.

I do not think that it will stay sideways for too long. I know that it has been sideways for a very long time before this increase, and people think that we may go back to that again and I understand the logic behind it. But, the cat is out of the bag and I believe that it won't happen again and again.

I think it is going to be something seriously good and we just need to make sure that we could end up with a good return eventually. The price has already moved big time, and it can't go back to sideways, it is going to keep making big moves, either up (which is the likely expectation) or down (unlikely) because once it starts being volatile, it's hard to make it go back to being sideways.

We will see whether it will stay sideways, increase or even decrease and get a deeper correction. What we can now see for a while is that the price is still going up and down, and this is good for us because we can buy at low prices a few times while accumulating more bitcoins.

But I don't know if the market will move up, but maybe it will move slowly up so that we won't even notice that the price has started to increase. We may only see increases and decreases, but behind that, there will be an urge to keep raising the price. It looks like this year will be a momentum for the bitcoin price to make something different from previous years. Let's wait.

[Wong Gendheng]

It has been almost 2 weeks that the price is above $ 20k and I hope the price will continue to rise, in my opinion the factor that makes the price continues to rise is that investors have forgotten big cases that hinder in 2022, and like many predictions from experts that when the price go -to moon then The following year there will be correction, and this year I'm sure the price will be close to the level of $ 50K.

[irhact]

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.

I'm been positive like most of us here, Bitcoin has to continue increasing because I see no reason it should decrease any more. It has been dumping all through last year and might have shaked all the weak hands out so what's left now is holders. The increase mightn't be instant but overall I think 2023 will be a good year not just for Bitcoin but the whole market in general.

If we look at the big picture here, Bitcoin halving is just couple months away and people might have started staking up their Bitcoin bag just so they don't miss out and also there haven't been much negative news directed at Bitcoin most recent. Other news I have seen are towards centralized crypto companies but not Bitcoin.