What is the reason for the increase in the price of Bitcoin?

[Davian144]

I think there's no need to bother too much about why bitcoin goes up or what causes bitcoin to drop. Bitcoin is a financial market, and its ups and downs are inevitable. Enjoying it instead of looking for causes won't help you either. Bitcoin is rising, but I prefer it to fall, I expect a strong correction soon for me to buy it, I like to buy cheap rather than high.

Looking for the cause is also not wrong in this case, because when you want Bitcoin to fall immediately so that you can buy it at a cheap price, you will also find out what things can make Bitcoin fall in the market. Because you are waiting for a desire that is not a dream, although in the end you will also hope for an increase and will find out what things can make Bitcoin increase.

Because the market is not to be enjoyed and even if it can be enjoyed, it is not like someone who is enjoying a cup of coffee on the terrace of his house accompanied by wet cakes. So everyone needs to find out the things that cause Bitcoin to fall and cause Bitcoin to increase because that is also part of the science that Bitcoin traders and investors need to know.

You don't seem to be a proponent of predictions. Because on the background of news, events, you can predict the rise or fall of the price, which will allow you to have a more favorable position.

It seems so, because he is just waiting for his wish to come true in Bitcoin without wanting to know what things can have an effect on increasing and decreasing Bitcoin. And I don't think there will be as much confusion as he said when everyone wants to know about the reasons why the price of Bitcoin has decreased and increased, because successful people are not people who just enjoy the atmosphere as it is, but those who are successful are those who continue to think without feeling dizzy with everything they have seen and felt.

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[sana54210]

You don't seem to be a proponent of predictions. Because on the background of news, events, you can predict the rise or fall of the price, which will allow you to have a more favorable position.

It seems so, because he is just waiting for his wish to come true in Bitcoin without wanting to know what things can have an effect on increasing and decreasing Bitcoin. And I don't think there will be as much confusion as he said when everyone wants to know about the reasons why the price of Bitcoin has decreased and increased, because successful people are not people who just enjoy the atmosphere as it is, but those who are successful are those who continue to think without feeling dizzy with everything they have seen and felt.

I think it is quite important to also remember that if you keep on trying to buy it at a cheap price then you will also end up getting in too late as well sometimes. Some people buy it when it is cheap, and some people wait for it to get even cheaper and wait and the price goes up so they are too late to buy at that price, it's too late.

I would say buy it whenever you want to, do not really wait for excess time but even if you do, just buy it whenever you want to, because it will go up eventually, even above ATH, so it should be fine if you buy it right now or before or later, because in the end you are going to profit from it one way or another.

[Kadal Ijo]

As we know that bitcoin is a cryptocurrency with a decentralized concept, of course the price is very much influenced by market conditions, sometimes prices go up or down, because the more popular bitcoin is being adopted by many large companies to develop, wallet and exchange developers usually store large amounts of bitcoin so that they make demand increases.

[Paul Pogba]

I think the thing that makes bitcoin prices increase is the community that continues to grow, according to reports in many countries stating that active bitcoin users are increasing, in Africa there is an increase of up to thousands of percent so that automatically makes demand increase, even some top exchanges like Binance are also expanding in the African market .

[19Nov16]

I think the more than 50% increase since this year is a fantastic increase, the start of the year was around $17k and now it's over $27k now, and I think the current increase is the start of a bull run, it doesn't matter if anyone says that this increase is pump for a while because the whales will sell and shake again, but the most important thing is that we get profit.

[Fesatmas]

We've got having two source of printing, stablecoins printing their new supplies and the FED as well. These are the two injections that we're having to the market but that doesn't mean that bitcoin is solely reliant on it.

These can't be avoided and it's them, the FED and US government that's deciding on this one. While the impact of it is really being felt by most of us, we're not just abiding with the negativity of it but as well as the beneficial part for bitcoin and the whole crypto market.

It's true that the increase in bitcoin cannot be related to the printing of money that was done by the FED some time ago, I think more about the crash of the FIAT bank which is one of the trusted banks in managing customer money, because that is the factor that causes positive sentiment towards bitcoin for alternative investments for investors, plus the positive sentiment from printing money, it does indirectly affect the price and investor confidence in bitcoin.
There should have been bad sentiment towards bitcoin since Silvergate crashed but thankfully the impact of that was overshadowed by the SVB bank crash.

[Negotiation]

I think the reason for the increase in the price of bitcoin is that the number of companies investing in bitcoin is increasing. Also the price of bitcoin has increased significantly this year which has boosted investors' confidence that bitcoin will see good growth in the future. Also the acceptance of bitcoin as a means of payment has greatly increased commercial organizations have invested hundreds of billions of dollars in its pursuit of financial benefits.

[ivankoh]

- some banks failed this month and bitcoin is the only way to store money without banks

I agree.  I think this could be the impetus for bitcoin to break $25k-27k in a row.  Like a boom, i.e. water bursting banks along with the difficulty of inflation - loss of confidence in government, bank collapse - confidence has dried up.  Bitcoin is the spark they expect, everything moves very logically.

[fadhilz123]

I think the more than 50% increase since this year is a fantastic increase, the start of the year was around $17k and now it's over $27k now, and I think the current increase is the start of a bull run, it doesn't matter if anyone says that this increase is pump for a while because the whales will sell and shake again, but the most important thing is that we get profit.

There will still be more price shocks for Bitcoin and if next month there is another increase from the current price range, it will certainly be a very different outcome which could even be close to the $30K range. For traders, they only think about the profits they can get in conditions like now, but for investors and whales, they will certainly be happier if the increase continues and there are no too large corrections on the sidelines of this increase.

[b3j0]

I think the more than 50% increase since this year is a fantastic increase, the start of the year was around $17k and now it's over $27k now, and I think the current increase is the start of a bull run, it doesn't matter if anyone says that this increase is pump for a while because the whales will sell and shake again, but the most important thing is that we get profit.

actually positive and bullish trends are different, usually in a positive trend the price moves up only temporarily and does not increase significantly like the bullish one. there are many factors that cause a positive trend to occur, for example good news or getting closer to bullish. I think the recent increase in price is due to a lot of investors starting to buy because the bullish are getting closer.

[StreakW]

It is very difficult to know exactly what factors make the increase in the price of bitcoin. The rise and fall of bitcoin prices is influenced by many factors. Therefore, there is no one specific reason for the increase in the bitcoin price.

[arufox]

In my opinion, there are several reasons for the recent jump in the price of Bitcoin. One reason is that governments around the world are printing more money to combat the economic impact of the pandemic, and some investors see Bitcoin as a hedge against inflation. In addition, more and more individual investors are buying Bitcoin because they realize its potential as an investment.

[BobK71]

It is very difficult to know exactly what factors make the increase in the price of bitcoin. The rise and fall of bitcoin prices is influenced by many factors. Therefore, there is no one specific reason for the increase in the bitcoin price.

Bitcoin started an upward trend when the US Silicon Valley Bank was rumored that going to bankrupt. After spreading the news of Silicon Valley Bank bankruptcy Bitcoin suddenly showed a glimpse of a major bullish trend when negative comments came about other banks as well. Bitcoin stopped at $19000 to $28000. But at present this situation prevails. Moreover, since the results of the Fed have been positive, the crypto market is also in a good position till today.

[wxa7115]

In my opinion, there are several reasons for the recent jump in the price of Bitcoin. One reason is that governments around the world are printing more money to combat the economic impact of the pandemic, and some investors see Bitcoin as a hedge against inflation. In addition, more and more individual investors are buying Bitcoin because they realize its potential as an investment.

Another factor is that while the bear market lasted for a long time and it had a significant effect on the price of bitcoin, at the same time it was not as bad as many people thought it could be.

So when people began to see that the price of bitcoin was recovering they immediately took advantage of the low prices thinking that if they did not took action now they may never see bitcoin below 20k again, and taking into account how fast the price of bitcoin increased, it seems to me those investors had a point and we could have left 20k behind for good this time around.

[Betwrong]

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yes, it's still good if you buy under 30k, if the person has never owned bitcoin before, this is a golden opportunity to save long term. but people who are just entering the crypto world are always reckless or afraid of what will happen if the price of bitcoin goes down making new people discouraged..?

But it's not like some secret information, the history of Bitcoin I mean. They can google it, and use their own head to estimate the probabilities of what's going to happen to BTC price in the future. If something was not only recovering after some big crashes, but was always reaching new ATHs, maybe the same thing will happen again, no?

[RealMalatesta]

I think the more than 50% increase since this year is a fantastic increase, the start of the year was around $17k and now it's over $27k now, and I think the current increase is the start of a bull run, it doesn't matter if anyone says that this increase is pump for a while because the whales will sell and shake again, but the most important thing is that we get profit.

actually positive and bullish trends are different, usually in a positive trend the price moves up only temporarily and does not increase significantly like the bullish one. there are many factors that cause a positive trend to occur, for example good news or getting closer to bullish. I think the recent increase in price is due to a lot of investors starting to buy because the bullish are getting closer.

What about in a bullish trend? It can sometimes be temporary or also called as a bull trap. Positive and bullish trend both are the same and they indicate an increase in the price. No need to make this a big deal. I don't think there are many people who are buying more when the bulls are now close when the golden rule here is to buy low and sell high, not buy high and sell high.

There must be other factors on why we are seeing an increase lately. It can be related to the USDC issue. Crazy isn't it? The market supposed to crash because the news is negative but it's not the first time it happen. We also have negative news in the past that triggers a pump.

[uneng]

It is very difficult to know exactly what factors make the increase in the price of bitcoin. The rise and fall of bitcoin prices is influenced by many factors. Therefore, there is no one specific reason for the increase in the bitcoin price.

Bitcoin started an upward trend when the US Silicon Valley Bank was rumored that going to bankrupt. After spreading the news of Silicon Valley Bank bankruptcy Bitcoin suddenly showed a glimpse of a major bullish trend when negative comments came about other banks as well. Bitcoin stopped at $19000 to $28000. But at present this situation prevails. Moreover, since the results of the Fed have been positive, the crypto market is also in a good position till today.

Yes, this is the most likely reason for the recent bullish bitcoin's tendency, added to some whales who saw this as an opportunity to grow their holdings in a decisive moment for bitcoin market. Today MicroStrategy company, which is a whale, announced they are going to buy more 6.455 BTC for 150$ million dollars. That is just an example of how whales behave in such bullish markets and besides MicroStrategy there must be more of them.

On the other hand it means bitcoin gets more centralized on the hands of few investors, what isn't good for the long term sustainability of the currency's price.

[visionE2]

I think the price of Bitcoin is influenced by many factors, including demand and supply in the market. Like the adoption of Bitcoin by large companies, wallets and exchanges can increase demand, which in turn can drive up prices. In addition, other factors such as positive or negative news about Bitcoin, government policies towards cryptocurrencies, and unforeseen events such as pandemics can affect the price of Bitcoin.

However, it is important to remember that the price of Bitcoin is very volatile and can fluctuate a lot in a short period of time. Prices can rise and fall quickly and dramatically, sometimes due to market factors, and sometimes for no apparent reason. Therefore, it is important to understand the investment risks associated with cryptocurrencies such as Bitcoin and carry out adequate research before making an investment decision.

[kro55]

It is very difficult to know exactly what factors make the increase in the price of bitcoin. The rise and fall of bitcoin prices is influenced by many factors. Therefore, there is no one specific reason for the increase in the bitcoin price.

Bitcoin started an upward trend when the US Silicon Valley Bank was rumored that going to bankrupt. After spreading the news of Silicon Valley Bank bankruptcy Bitcoin suddenly showed a glimpse of a major bullish trend when negative comments came about other banks as well. Bitcoin stopped at $19000 to $28000. But at present this situation prevails. Moreover, since the results of the Fed have been positive, the crypto market is also in a good position till today.

Yes, this is the most likely reason for the recent bullish bitcoin's tendency, added to some whales who saw this as an opportunity to grow their holdings in a decisive moment for bitcoin market. Today MicroStrategy company, which is a whale, announced they are going to buy more 6.455 BTC for 150$ million dollars. That is just an example of how whales behave in such bullish markets and besides MicroStrategy there must be more of them.

On the other hand it means bitcoin gets more centralized on the hands of few investors, what isn't good for the long term sustainability of the currency's price.

Everything has two sides to it, bitcoin being held by large institutions will make bitcoin more centralized and more susceptible to price manipulation. But on the contrary, it proves that bitcoin is getting more attention, and if we want bitcoin to become more and more popular, we need big countries and corporations to accept bitcoin. To be honest, it is tough for bitcoin to become more popular and solid if it is only based on small investors like us, we need the participation of the big players. We need trade-offs to achieve the goal, and as bitcoin becomes more popular, more people hold bitcoins, and bitcoin becomes more decentralized.

[Joshapat]

The basis of bitcoin can rise is a decentralized system working effectively, the price is determined in the market based on stock and demand, and when demand continues to increase, the price will automatically continue to rise, and this March there is still 3 days to be able to penetrate the limits Previously it was considered difficult, which could reach $ 30K.