Why Is Bitcoin Price Increasing?

[Shumyl]

This is the time of Bitcoin selling. Maybe the Bitcoin can come down again because sometimes the Bitcoin gives you a surprise. Today bitcoin prices are going down but not more than enough, which is good for some people and some people don't have with this.

[fuguebtc]

I think there are only one reason why btc price rise, it is supply and demand. normally there are two reason that influence the demand, the first one is the growing number of adoption which make steady increasing price of btc, there is no volatility in it. the second one is the speculative investors, this factor is what makes btc price volatile because they make big number of fund come in and out from btc market, they make temporary demand. the main reason which influence the supply is the halving event, as there is no central authority who control btc price (by create fiscal policy or etc) then halving event will have big influence in btc price. but that's just my opinion.

In theory, the value of all assets is determined by supply and demand, but for some financial markets, there is unavoidable manipulation behind it. Therefore, the increase or decrease in bitcoin price is not completely determined by supply and demand.

Regarding the volatility of bitcoin, I agree with you that part of it is caused by speculators but another cause is the manipulation behind it. Market makers create volatility, on the one hand they profit from it, on the other hand they create attraction for people. Those who enjoy the thrill of a roller coaster ride will never miss bitcoin's volatility, and it's how the market attracts new participants.

[G_Besar]

This is the time of Bitcoin selling. Maybe the Bitcoin can come down again because sometimes the Bitcoin gives you a surprise. Today bitcoin prices are going down but not more than enough, which is good for some people and some people don't have with this.

I still think that selling Bitcoin when the price is falling is a mistake, because surprise price increases always exist in Bitcoin so I still prefer to sell Bitcoin when the price increase has occurred and even while it is happening. Because Bitcoin is a cryptocurrency that should not be sold carelessly at uncertain prices, but if someone prefers to sell Bitcoin when the price is down, I will not say he is wrong because maybe he needs money that is not in the form of Bitcoin for himself.

[Dickiy]

This is the time of Bitcoin selling. Maybe the Bitcoin can come down again because sometimes the Bitcoin gives you a surprise. Today bitcoin prices are going down but not more than enough, which is good for some people and some people don't have with this.

I still think that selling Bitcoin when the price is falling is a mistake, because surprise price increases always exist in Bitcoin so I still prefer to sell Bitcoin when the price increase has occurred and even while it is happening. Because Bitcoin is a cryptocurrency that should not be sold carelessly at uncertain prices, but if someone prefers to sell Bitcoin when the price is down, I will not say he is wrong because maybe he needs money that is not in the form of Bitcoin for himself.

Some of us and indeed in general, profit is always the main goal of what we are aiming for, which means it is true that selling in the low area is a mistake.

Selling bitcoin according to your analysis plan is the best decision, and I think all investors will also definitely take the same action because again profit is always our main goal here. Now therefore it is very important to pay attention before you jump in there you have to prepare money that will not be used by other needs, or in essence you have full responsibility for whatever happens to your money later, with that I am sure you will not feel too pressured by all the price fluctuations that occur there, and with that it will be calmer to do a long-term hold, but yes even so if there is an urgent need as you said then even though they get a low price it is very likely that you will still sell it, there is no other solution than that and it is natural that they do it. 

[Nrcewker]

If anyone knows basic maths and economics, then definitely he himself can figure it out, why the price of Bitcoins are increasing. Yes the points mentioned in the OP plays an important role to increase in the price, but I am sure many of us have already know about this or have seen similar types of information lot many times. If you want to summarise whole thing, then it would like, due to the limited amount of supply of Bitcoins, the price goes up when the demand to acquire it increases. And the demand increases when various external sources influence the people.

[South Park]

Currently, the price of Bitcoin continues to increase. Today the price of Bitcoin is 27000$. It is assumed that the price of Bitcoin will increase further in the future. Many people want to know why this Bitcoin price is increasing. There are several reasons behind the rise in the price of Bitcoin. I mentioned some important reasons:

snip

The combination of these fundamental factors has led to the rise in value of Bitcoin. Also distribution limits and mainstreaming means that Bitcoin's supply mechanism affects the mainstream price on the upside.

While understanding why something happens is without a doubt important, sometimes it is important as well to not try to dig too deeply about it as you are not really going to find a definitive answer to your question, the price moves because of the supply and demand, so if the price is increasing is simply because the demand went up, the supply at exchanges went down or both, now you could go further than that and ask why it happened? But when the price moves due to the influence of millions of people all around the world then finding an answer to that question seems impossible.

[AmoreJaz]

If anyone knows basic maths and economics, then definitely he himself can figure it out, why the price of Bitcoins are increasing. Yes the points mentioned in the OP plays an important role to increase in the price, but I am sure many of us have already know about this or have seen similar types of information lot many times. If you want to summarise whole thing, then it would like, due to the limited amount of supply of Bitcoins, the price goes up when the demand to acquire it increases. And the demand increases when various external sources influence the people.

and simply put it, the supply and demand is the main driving force of why the price of BTC is behaving such direction. as we have fixed supply of this currency, and more and more people are going into this market, there's no doubt that we will experience this increase. various stakeholders are already trying to get a hold of this currency, because of its potential. start to worry if you haven't heard anything about crypto anymore. but so far, we are still heading to the positive direction.

[Dr.Bitcoin_Strange]

It's not as if the price jump was so sudden, because definitely people are already expecting a spike in price, but yet there's not much of a significant increase; even upon reaching $27k as of two days ago, it still retarded back to $25k+. Bitcoin usually has some factors that contribute to the price spike, and it could happen so suddenly, as some investors don't expect. Like towards the end of this year, I predicted bitcoin to be trading around $40k or $50k, but here we are already in the 9th month, with just three months left to end the year, and bitcoin is still trading around $25k. Well, let's see what will happen in the month of November.

[Abiky]

Currently, the price of Bitcoin continues to increase. Today the price of Bitcoin is 27000$. It is assumed that the price of Bitcoin will increase further in the future. Many people want to know why this Bitcoin price is increasing. There are several reasons behind the rise in the price of Bitcoin. I mentioned some important reasons:

1. Much Demand: Bitcoin has become more popular among users. This is one of the reasons for the increase in the value of Bitcoin.

2. Supply : The supply of bitcoins is limited (21 million) and new bitcoins have to follow strict procedures to generate them. This in turn increases the value of Bitcoin.

3. Media : Bitcoin news, events, policy changes, etc. Journalistic events influence the price of Bitcoin.

4. Technology : Bitcoin uses a blockchain technology, which is reliable, secure and provides maximum security.

5. Investment: Bitcoin's value increases through various individuals, companies, and pneumatic investments.

The combination of these fundamental factors has led to the rise in value of Bitcoin. Also distribution limits and mainstreaming means that Bitcoin's supply mechanism affects the mainstream price on the upside.

To state the obvious, Bitcoin's price is increasing because big companies are investing in it. Not to mention, the halving is nearly 6 months away. Your post basically explains why Bitcoin is such a hot topic right now. While prices are relatively stagnant, I believe it shouldn't be long enough before BTC reaches a new ATH. That's assuming the global economy starts to recover at a slow and steady pace. If the economy worsens, don't expect market prices to rise anytime soon.

I really hope Bitcoin becomes independent from mainstream events so that people could use it more as a currency. I'd be surprising to see BTC "heading north", when all of the other markets (stocks, bonds, equities) are going all the way down the drain. If that happens, the world will adopt Bitcoin as Fiat's replacement faster than you could've ever imagined. Who knows how lucky we'll be by the time this happens? Just my opinion

[laurenB7742]

Currently, the price of Bitcoin continues to increase. Today the price of Bitcoin is 27000$. It is assumed that the price of Bitcoin will increase further in the future. Many people want to know why this Bitcoin price is increasing. There are several reasons behind the rise in the price of Bitcoin. I mentioned some important reasons:

1. Much Demand: Bitcoin has become more popular among users. This is one of the reasons for the increase in the value of Bitcoin.

2. Supply : The supply of bitcoins is limited (21 million) and new bitcoins have to follow strict procedures to generate them. This in turn increases the value of Bitcoin.

3. Media : Bitcoin news, events, policy changes, etc. Journalistic events influence the price of Bitcoin.

4. Technology : Bitcoin uses a blockchain technology, which is reliable, secure and provides maximum security.

5. Investment: Bitcoin's value increases through various individuals, companies, and pneumatic investments.

The combination of these fundamental factors has led to the rise in value of Bitcoin. Also distribution limits and mainstreaming means that Bitcoin's supply mechanism affects the mainstream price on the upside.

I really hope Bitcoin becomes independent from mainstream events so that people could use it more as a currency. I'd be surprising to see BTC "heading north", when all of the other markets (stocks, bonds, equities) are going all the way down the drain. If that happens, the world will adopt Bitcoin as Fiat's replacement faster than you could've ever imagined. Who knows how lucky we'll be by the time this happens? Just my opinion

But if evaluated realistically, that will never happen because everything that wants to exist must be closely linked together, no entity can exist without being related to the world economy. Bitcoin exists and develops thanks to human needs and humans are part of the world economy. They are all interconnected, we cannot expect bitcoin to grow alone. 

Furthermore, even we ourselves are discussing bitcoin price every day, we hope it will increase in price to make profits. I don't think bitcoin will easily replace fiat and become a currency because even bitcoin advocates only see bitcoin as an investment.

[Jating]

It's not as if the price jump was so sudden, because definitely people are already expecting a spike in price, but yet there's not much of a significant increase; even upon reaching $27k as of two days ago, it still retarded back to $25k+. Bitcoin usually has some factors that contribute to the price spike, and it could happen so suddenly, as some investors don't expect. Like towards the end of this year, I predicted bitcoin to be trading around $40k or $50k, but here we are already in the 9th month, with just three months left to end the year, and bitcoin is still trading around $25k. Well, let's see what will happen in the month of November.

Yes, it went back again to $26,++, I thought that we have the momentum to reach at least $28k again for this month. But as we have said, the price is really volatile that we can't really say where it's going.

But for now we have like 2 weeks for this month and again, the price might go on a sideways again. The biggest barrier is $30k so, so for me, I don't see it reaching $40k-$50k at the end of the year. Maybe after the block halving we will see that price but not for this year.

[justdimin]

Some of us and indeed in general, profit is always the main goal of what we are aiming for, which means it is true that selling in the low area is a mistake.

Selling bitcoin according to your analysis plan is the best decision, and I think all investors will also definitely take the same action because again profit is always our main goal here. Now therefore it is very important to pay attention before you jump in there you have to prepare money that will not be used by other needs, or in essence you have full responsibility for whatever happens to your money later, with that I am sure you will not feel too pressured by all the price fluctuations that occur there, and with that it will be calmer to do a long-term hold, but yes even so if there is an urgent need as you said then even though they get a low price it is very likely that you will still sell it, there is no other solution than that and it is natural that they do it. 

That is definitely the way to go, it allows you to make as much profit as you possibly could from it. I understand that it is not going to be easy or anything like that, but it is definitely possible to make it happen. I personally hope for the best in order to make as much profit as possible but that doesn't mean that it will be possible for a long term to not face any difficulties neither.

When you face a difficulty like that, the best thing to do would be ignoring them and focusing on your strategy, do not change up just because you see some changes, or if you have something ready for them use that, but do not suddenly get scared and sell just because it went down. That's a wrong move without a doubt.

[philipma1957]

Currently, the price of Bitcoin continues to increase. Today the price of Bitcoin is 27000$. It is assumed that the price of Bitcoin will increase further in the future. Many people want to know why this Bitcoin price is increasing. There are several reasons behind the rise in the price of Bitcoin. I mentioned some important reasons:

1. Much Demand: Bitcoin has become more popular among users. This is one of the reasons for the increase in the value of Bitcoin.

2. Supply : The supply of bitcoins is limited (21 million) and new bitcoins have to follow strict procedures to generate them. This in turn increases the value of Bitcoin.

3. Media : Bitcoin news, events, policy changes, etc. Journalistic events influence the price of Bitcoin.

4. Technology : Bitcoin uses a blockchain technology, which is reliable, secure and provides maximum security.

5. Investment: Bitcoin's value increases through various individuals, companies, and pneumatic investments.

The combination of these fundamental factors has led to the rise in value of Bitcoin. Also distribution limits and mainstreaming means that Bitcoin's supply mechanism affects the mainstream price on the upside.

It is now dropping under 27k to 26.6k


mostly due to lots of bears leveling price.

As I see BTC in this slot of 25k-31k

It reminds me of gold in the 1991-2003 time slot

200-400 usd price range was locked in for more than 10 years.

BTC may be slotted for months to come.

[Sexylizzy2813]

As of yesterday it was trying to confuse us that is going up and never coming back to $25k (which I pray never happens) but it later stopped at $26k all the way from $27k, I still don't have any clue why the sudden drop of price but is like something is about to go down, in the positive aspect.
Maybe by the end of this week it might go back to $27k without drastically coming back down to $25. Let's forget prediction and accept it the way the prices come in and expect a huge amount next week, I hope.

[goaldigger]

As of yesterday it was trying to confuse us that is going up and never coming back to $25k (which I pray never happens) but it later stopped at $26k all the way from $27k, I still don't have any clue why the sudden drop of price but is like something is about to go down, in the positive aspect.
Maybe by the end of this week it might go back to $27k without drastically coming back down to $25. Let's forget prediction and accept it the way the prices come in and expect a huge amount next week, I hope.

The resistance level are still strong and it doesn’t confuse many because its expected after trying many times, probably this is not the right time for the breakout but at least Bitcoin is trying and we are trying to beat the record last Month. DCA is still the best option to do right now because the market is unpredictable and we have to make sure that we are catching this cheaper price for us not to miss any opportunity, Bitcoin will rise in time and let’s hope for that before the end of the year.

[JoyMarsha]

We already know that these factors contribute to the rise in the price of bitcoin, but I'm not sure how this relates to the $27k price of bitcoin from yesterday.

What would you say about the current fall in price from $27k to $26+ if this were your own justification for what caused it to be $27k? Is it that what you mentioned that triggers the price of bitcoin to $27k has decline overnight?

What you need to know, OP, is that the price of bitcoin is volatile. Her price fluctuation in both an upward and downward direction is foreseen.

[Abiky]

But if evaluated realistically, that will never happen because everything that wants to exist must be closely linked together, no entity can exist without being related to the world economy. Bitcoin exists and develops thanks to human needs and humans are part of the world economy. They are all interconnected, we cannot expect bitcoin to grow alone. 

Furthermore, even we ourselves are discussing bitcoin price every day, we hope it will increase in price to make profits. I don't think bitcoin will easily replace fiat and become a currency because even bitcoin advocates only see bitcoin as an investment.

There's nothing we can do other than wait until the global economy shows signs of recovery for BTC to reach a new ATH. It's already the world's "best performing asset". Whereas stocks are struggling to get back on their feet, Bitcoin's market prices have remained relatively stable (between the $25k - $30k range). If everything goes back up again, it's likely Bitcoin will finally get past the $100k milestone.

For what I know, "all cards are on the table". Big investment companies, as well as, mainstream governments are joining the game. Who knows if many of us will become filthy rich by the time BTC goes all the way to the moon? Just my thoughts

[lixer]

The combination of these fundamental factors has led to the rise in value of Bitcoin. Also distribution limits and mainstreaming means that Bitcoin's supply mechanism affects the mainstream price on the upside.

It all boils down to one point, which is supply and demand, the supply of Bitcoin is limited and so when the demand increases, the price increases with that. All other points basically only add up to the main point because no matter what the reason is for which people want to have Bitcoin, it basically increases the demand which is the fundamental reason why the price of an asset keeps increasing over time, now since it's free to grow and the demand keeps increasing, it keeps going up.

However, if we consider the reason why most people are adopting Bitcoin these days is because they want to earn money and they can clearly see that the price of Bitcoin keeps going up which provides an opportunity for them to buy when it's relatively low and sell when it is higher than usual.

[posi]

As of yesterday it was trying to confuse us that is going up and never coming back to $25k (which I pray never happens) but it later stopped at $26k all the way from $27k, I still don't have any clue why the sudden drop of price but is like something is about to go down, in the positive aspect.
Maybe by the end of this week it might go back to $27k without drastically coming back down to $25. Let's forget prediction and accept it the way the prices come in and expect a huge amount next week, I hope.

But why are you afraid and don't want bitcoin to fall to 25k$? I think it's good for us, it doesn't do us any harm. Not that most of us would say we would buy more if prices fell more and that was actually an opportunity. I don't want to predict what will happen next but if it drops again, I think a lot of people will be happier because they say they will buy more bitcoin. As for me, the short-term price doesn't make much sense and I don't care too much about it, what I'm waiting for is after the halving happens.

[Dickiy]

As of yesterday it was trying to confuse us that is going up and never coming back to $25k (which I pray never happens) but it later stopped at $26k all the way from $27k, I still don't have any clue why the sudden drop of price but is like something is about to go down, in the positive aspect.
Maybe by the end of this week it might go back to $27k without drastically coming back down to $25. Let's forget prediction and accept it the way the prices come in and expect a huge amount next week, I hope.

But why are you afraid and don't want bitcoin to fall to 25k$? I think it's good for us, it doesn't do us any harm. Not that most of us would say we would buy more if prices fell more and that was actually an opportunity. I don't want to predict what will happen next but if it drops again, I think a lot of people will be happier because they say they will buy more bitcoin. As for me, the short-term price doesn't make much sense and I don't care too much about it, what I'm waiting for is after the halving happens.

Well that makes little sense to me, on the other hand there are a lot of investors who want a moment where the price drops lower and after that they will buy more and then hoard it for a certain period of time. But well maybe some of them have already bought at $25k so they don't want the price to go back down to their original purchase point, I think this is one of the more plausible reasons why some of the investors are resisting the price drop. Of course I agree that every drop means that indirectly bitcoin has given us the opportunity to start our best plan to buy more and HOLD as long as possible, or if possible until reaching ATH.

Actually now also bitcoin has shown a big enough opportunity for investors, as we know now bitcoin is in the $ 26,500 area and previously also bitcoin has touched the lowest support area that has occurred in the previous few months, the point is now there is a great opportunity because bitcoin has touched the lowest support and there have been sideways and indications of price increases, now the price is still experiencing a correction and I say this is a pretty good opportunity for you to increase the amount you have. I hope you will always be consistent in doing HOLD.