Why Is Bitcoin Price Increasing?

[Sophokles]

My prediction is that there will still be some correction and the price could return to $25k before the halving, but I also disagree with the idea of selling now and waiting to buy back when the price drops. After all, we are all just making predictions and nothing is certain because we all know bitcoin is unpredictable.

I believe we have bottomed out for this bear and the halving is approaching so we won't have another big drop. So buying bitcoin at $28k or $30k or $25k won't make much of a difference if our goal is to only sell when bitcoin makes a new ATH. Don't trade too much risk for a little profit, think about what will happen if we sell now and the price doesn't drop as we expected?

I agree with your observation about the market. There can be a small correction before the halving which can take us to the 25k level again. This correction won't be significant so selling at this level and buying back when there is a dip won't make much difference. However there isn't any guarantee that there will be a dip before halving. If our prediction proves invalid we will miss the chance to buy at this level either.

[el kaka22]

It is still a bit above 27k as we can see, plenty of people assumed that it would go up a lot but we have seen it not do that and we are still around the same prices. I understand that going from 25kish to above 27k made people hopeful and they got some FOMO, but that doesn't really mean that it would go up a lot just because it went up a bit. I believe that just because we are doing what we are doing doesn't mean that we are going to be continuing to do so. I think it is better to just have something that will benefit us all which would be just realizing that it is a steady growth and not a quick one.

We can keep doing what we are doing right now and I believe that it could be done but it has to be something that will take some time. I hope that we could end up with something that would be amazing and it should not be all that shocking when you are looking at what you are doing, and because of that we should not be really surprising it all that much when it goes up more in the future but stays same for now.

[Renampun]

...

The reasons which could explain why the price of bitcoin has presented a small increase are simply to numerous, besides the increase we have seen recently does not really indicate some major change in the way the majority of the people think about bitcoin, so I am more inclined to think that this is simply the result of long term holders buying all the bitcoin they can, and the number of weak hands reducing to the point the demand outstrips the supply and this is causing a price increase.

as has been shown in the OP, the reason for the increase in the price of bitcoin is of course not far from market sentiment, especially traders who continue to sell and buy bitcoin as they please, apart from that, news about the global economy which continues to change over and over again has a big influence. the price of bitcoin, a simple example - currently we have just seen a hot war (I'm sure you know which country is having a big war again) if the country affected by the war opens donations with bitcoin then I'm sure the price of bitcoin will increase several percent, something as simple as that is one of the triggers for the price of bitcoin, so don't miss your view on the global news that is happening, surely the price of bitcoin will move because of that.

[Oasisman]

My prediction is that there will still be some correction and the price could return to $25k before the halving, but I also disagree with the idea of selling now and waiting to buy back when the price drops. After all, we are all just making predictions and nothing is certain because we all know bitcoin is unpredictable.

I believe we have bottomed out for this bear and the halving is approaching so we won't have another big drop. So buying bitcoin at $28k or $30k or $25k won't make much of a difference if our goal is to only sell when bitcoin makes a new ATH. Don't trade too much risk for a little profit, think about what will happen if we sell now and the price doesn't drop as we expected?

I agree with your observation about the market. There can be a small correction before the halving which can take us to the 25k level again. This correction won't be significant so selling at this level and buying back when there is a dip won't make much difference. However there isn't any guarantee that there will be a dip before halving. If our prediction proves invalid we will miss the chance to buy at this level either.

You might see a difference when you sell at $27k and then buy back when it dips around $25k, only if you have huge amount of bitcoin being sold and that means when the price dips, a huge amount of bitcoin can be added to your holding when you buy back. However, the risk associated with such strategy is very high considering that we are approaching the next bitcoin halving. If bitcoin won't come down at the $25k level again, you'll gonna end up not being able to maximize the opportunity to make good profit for the most anticipated bullrun next year.
It's not gonna be a good strategy for someone who is DCAing, as the goal for it is to hodl as much as you can and wait for bitcoin to hit that specific target.

[DanWalker]

My prediction is that there will still be some correction and the price could return to $25k before the halving, but I also disagree with the idea of selling now and waiting to buy back when the price drops. After all, we are all just making predictions and nothing is certain because we all know bitcoin is unpredictable.

I believe we have bottomed out for this bear and the halving is approaching so we won't have another big drop. So buying bitcoin at $28k or $30k or $25k won't make much of a difference if our goal is to only sell when bitcoin makes a new ATH. Don't trade too much risk for a little profit, think about what will happen if we sell now and the price doesn't drop as we expected?

I agree with your observation about the market. There can be a small correction before the halving which can take us to the 25k level again. This correction won't be significant so selling at this level and buying back when there is a dip won't make much difference. However there isn't any guarantee that there will be a dip before halving. If our prediction proves invalid we will miss the chance to buy at this level either.

You might see a difference when you sell at $27k and then buy back when it dips around $25k, only if you have huge amount of bitcoin being sold and that means when the price dips, a huge amount of bitcoin can be added to your holding when you buy back. However, the risk associated with such strategy is very high considering that we are approaching the next bitcoin halving. If bitcoin won't come down at the $25k level again, you'll gonna end up not being able to maximize the opportunity to make good profit for the most anticipated bullrun next year.
It's not gonna be a good strategy for someone who is DCAing, as the goal for it is to hodl as much as you can and wait for bitcoin to hit that specific target.

Unless you're investing millions, there's a pretty clear difference between buying for $25k and buying for $27k, but if we only have a few thousand then I don't think it's worth the risk. To put it bluntly, it's a really bad idea as bear season is ending and the halving is approaching. Instead, why don't we work or look for other sources of capital to accumulate more bitcoin instead of with the intention of selling and buying back?
If increasing the amount of bitcoin simply by buying low and selling high could be done so easily, then the DCA strategy would be useless?

[Razmirraz]

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.

The limited scarcity of Bitcoins (21 million) then combined with increased demand makes the value of Bitcoins rise over time. Another reason the price of Bitcoin continues to increase over time is because acceptance and adoption of Bitcoin continues to grow, as more businesses and individuals use Bitcoin for various transactions the price of Bitcoin will grow.
High demand from investors driven by the prospect of huge profits generated made Bitcoin gain recognition throughout the world, even though the price was very volatile, the forces of supply and demand played an important role in causing the price spike.

[Davian144]

I agree with your observation about the market. There can be a small correction before the halving which can take us to the 25k level again. This correction won't be significant so selling at this level and buying back when there is a dip won't make much difference. However there isn't any guarantee that there will be a dip before halving. If our prediction proves invalid we will miss the chance to buy at this level either.

I would rather not sell at this level than later not have the opportunity to buy back at the declining level you are referring to. So I would prefer to continue holding rather than selling now and will also try to buy when there is a price drop as you say, although not with much force. But buying when the price decline has occurred is still a pretty good option for everyone so there's no harm in taking advantage of it, just because the guarantee of a decline is still uncertain. I will continue to keep the Bitcoin that I bought previously.

[Sophokles]

I agree with your observation about the market. There can be a small correction before the halving which can take us to the 25k level again. This correction won't be significant so selling at this level and buying back when there is a dip won't make much difference. However there isn't any guarantee that there will be a dip before halving. If our prediction proves invalid we will miss the chance to buy at this level either.

I would rather not sell at this level than later not have the opportunity to buy back at the declining level you are referring to. So I would prefer to continue holding rather than selling now and will also try to buy when there is a price drop as you say, although not with much force. But buying when the price decline has occurred is still a pretty good option for everyone so there's no harm in taking advantage of it, just because the guarantee of a decline is still uncertain. I will continue to keep the Bitcoin that I bought previously.

You can plan for your own way of executing the situation. What i think is that there won't be any significant drop and even if there will any it won't last for long. The market will recover quickly and price will back to its normal position again. The best we can do is accumulate more if price made a correction because this dip can be the last significant dip we are going to see.

[ShowOff]

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I would rather not sell at this level than later not have the opportunity to buy back at the declining level you are referring to. So I would prefer to continue holding rather than selling now and will also try to buy when there is a price drop as you say, although not with much force. But buying when the price decline has occurred is still a pretty good option for everyone so there's no harm in taking advantage of it, just because the guarantee of a decline is still uncertain. I will continue to keep the Bitcoin that I bought previously.

You can buy at any price if you want, but buying low during a bearish or correction is the best way to accumulate. You don't need to wait for the decline to be too deep if you use the DCA strategy, meaning you still have a reserve budget to buy the decline if after the first purchase the price drops again.

Right now think something about surviving in the long term. The long-term potential is more profitable than taking daily profits through price volatility, but it's up to you how you do it. The best investment is when you are able to refrain from taking small profits just because you are afraid of a price drop.

[BitcoinPanther]

I agree with your observation about the market. There can be a small correction before the halving which can take us to the 25k level again. This correction won't be significant so selling at this level and buying back when there is a dip won't make much difference. However there isn't any guarantee that there will be a dip before halving. If our prediction proves invalid we will miss the chance to buy at this level either.

I would rather not sell at this level than later not have the opportunity to buy back at the declining level you are referring to. So I would prefer to continue holding rather than selling now and will also try to buy when there is a price drop as you say, although not with much force. But buying when the price decline has occurred is still a pretty good option for everyone so there's no harm in taking advantage of it, just because the guarantee of a decline is still uncertain. I will continue to keep the Bitcoin that I bought previously.

This action needs a lot of patience.  I hope you are able to withstand the temptation and fears when price surge or crash.  Holding is the best strategy in Bitcoin investment because the market is yet to be saturated and the Bitcoin Industry is just starting to bloom.  Buying in its early stage is a wise decision but I think it is still better to know when to sell so that we can realize our profit and look for possible re-entry.  One must set a selling price so that he can realized his profit.  Holding without a plan opens missed out on the oportunity given by the market volatility.

[Hamphser]

I agree with your observation about the market. There can be a small correction before the halving which can take us to the 25k level again. This correction won't be significant so selling at this level and buying back when there is a dip won't make much difference. However there isn't any guarantee that there will be a dip before halving. If our prediction proves invalid we will miss the chance to buy at this level either.

I would rather not sell at this level than later not have the opportunity to buy back at the declining level you are referring to. So I would prefer to continue holding rather than selling now and will also try to buy when there is a price drop as you say, although not with much force. But buying when the price decline has occurred is still a pretty good option for everyone so there's no harm in taking advantage of it, just because the guarantee of a decline is still uncertain. I will continue to keep the Bitcoin that I bought previously.

This action needs a lot of patience.  I hope you are able to withstand the temptation and fears when price surge or crash.  Holding is the best strategy in Bitcoin investment because the market is yet to be saturated and the Bitcoin Industry is just starting to bloom.  Buying in its early stage is a wise decision but I think it is still better to know when to sell so that we can realize our profit and look for possible re-entry.  One must set a selling price so that he can realized his profit.  Holding without a plan opens missed out on the oportunity given by the market volatility.

If you dont have patience then this market isnt for you. Tons of people specially new ones would really be having that kind of impression on which they do really believe that dealing up with this market is really just that simple or something that can be handled until the reality would fuck you up then this is where you would really be making out realizations but well it is really just that common that you would really be learning from your mistakes.In regarding about why Bitcoin is increasing then everything would really be depending or basing up with the demand and this is would really be entirely be depending on how people would really be recognizing and really buying it. Market news and sentiments? Of course it cant really be called a market if it would really be just having one movement whether going up or down but rather it would really be having both things. It is really just that a market could really be having those unpredictable movement which it is really just that normal that there's no way on easy for it to guess on where it would heading.

[South Park]

If you dont have patience then this market isnt for you. Tons of people specially new ones would really be having that kind of impression on which they do really believe that dealing up with this market is really just that simple or something that can be handled until the reality would fuck you up then this is where you would really be making out realizations but well it is really just that common that you would really be learning from your mistakes.In regarding about why Bitcoin is increasing then everything would really be depending or basing up with the demand and this is would really be entirely be depending on how people would really be recognizing and really buying it. Market news and sentiments? Of course it cant really be called a market if it would really be just having one movement whether going up or down but rather it would really be having both things. It is really just that a market could really be having those unpredictable movement which it is really just that normal that there's no way on easy for it to guess on where it would heading.

I will go even further and say that someone that has no patience has no business becoming a trader or an investor in any market, and this is because while there are without a doubt good times in which everything seems to be going right for us, like when the bull market appears and the price of bitcoin creates a new ATH almost every day, we must also recognize that such joy is only temporary, and after the bull market we need to deal with the bear market and then a ranging market that can last for years.

[bayu7adi]

You can plan for your own way of executing the situation. What i think is that there won't be any significant drop and even if there will any it won't last for long. The market will recover quickly and price will back to its normal position again. The best we can do is accumulate more if price made a correction because this dip can be the last significant dip we are going to see.

After 7 days, BTC has experienced a 6% increase, which is indicative of a positive trend, driven by the growing dominance of BTC.D. This implies that the current cryptocurrency landscape is predominantly focused on Bitcoin, with limited significant movement in the realm of altcoins.

Bullish signals are ringing strong for the upcoming weeks, or at the very least, for the next few months, serving as a gift for the holiday season around Christmas and New Year. Everyone is eagerly anticipating news regarding the Bitcoin ETF, and many individuals are starting to accumulate Bitcoin from this point onwards. Moreover, making purchases at this juncture can serve as a preparation strategy for the impending halving event, which is drawing nearer with each passing day.

Let's stay tuned for more updates on the Bitcoin ETF news for an upcoming surprise and the halving event as a medium-term gift.

[Onyeeze]

The funny thing in bitcoin market is that when the price of bitcoin is increasing some will be appreciating the good will of bitcoin and when the value of bitcoin will be decreasing same people will complain about the price of bitcoin currently, but I think that falling of bitcoin in price doesn't give people happiness but rather the increment of bitcoin give people joy and understanding, let us be happy to bitcoin when the price fall and when the price rise may people benefit from both aspects, their is some investors who is desperate for bitcoin price to fall before they can be okay but when the price rise people that invested for sometime ago also be happy.

[Nrcewker]

The funny thing in bitcoin market is that when the price of bitcoin is increasing some will be appreciating the good will of bitcoin and when the value of bitcoin will be decreasing same people will complain about the price of bitcoin

This is the human nature mate. They only care about is profits. They don’t treat the price fall as opportunity. When the price falls they should treat is as a chance and should buy the high value coin in low prices. Nevertheless, coming back to OP’s concern, then supply and demand plays the important role for making the price of coin go up and down. When the demand is high price goes up, and the reverse happens when demand is low. All this happens due to the fix supply of Bitcoins.

[Dickiy]

The funny thing in bitcoin market is that when the price of bitcoin is increasing some will be appreciating the good will of bitcoin and when the value of bitcoin will be decreasing same people will complain about the price of bitcoin

This is the human nature mate. They only care about is profits. They don’t treat the price fall as opportunity. When the price falls they should treat is as a chance and should buy the high value coin in low prices. Nevertheless, coming back to OP’s concern, then supply and demand plays the important role for making the price of coin go up and down. When the demand is high price goes up, and the reverse happens when demand is low. All this happens due to the fix supply of Bitcoins.

True and I see now that it is not uncommon for those who come with the intention and only think of profit, when bitcoin experiences a decline it is clear as discussed above that some of them will doubt bitcoin because of its decline, even though it is clear as you said the decline in bitcoin is one of the opportunities they can take to realize something they always want, namely profit. There is no instant profit unless they are willing to take at low prices and wait for some time or even years to be able to achieve maximum profit with the capital they bring.

Of course supply and demand have a very important role, when one of the two exceeds the limit then there will be something significant happening, for example an increase due to very high demand, it is clear that with the conditions of a decline like this then most people will come and take the lowest price according to them, and if 90% of them take advantage of opportunities like this when the price is below then obviously the increase will occur soon because the market demand is very high. 

[Abiky]

This is the human nature mate. They only care about is profits. They don’t treat the price fall as opportunity. When the price falls they should treat is as a chance and should buy the high value coin in low prices. Nevertheless, coming back to OP’s concern, then supply and demand plays the important role for making the price of coin go up and down. When the demand is high price goes up, and the reverse happens when demand is low. All this happens due to the fix supply of Bitcoins.

Not only prices move according to the rules of supply and demand, but also because of what happens in the real world. Certain factors (like rising inflation rates, wars, government regulations, etc.) could impact market prices for Bitcoin (either negatively or positively). The crypto market is still small, so expect wild fluctuations in price. As of now, BTC has reached the $30k milestone. It could be the result of a rumored spot ETF approval by the SEC.

If the US regulatory agency gives the "green light", it's likely the market will turn bullish. That, combined with the halving event of 2024, should help BTC reach a new ATH. We must grow our BTC holdings before this happens. Who knows if we'll never see prices below $25k ever again?

[Dunamisx]

This is the human nature mate. They only care about is profits. They don’t treat the price fall as opportunity. When the price falls they should treat is as a chance and should buy the high value coin in low prices. Nevertheless, coming back to OP’s concern, then supply and demand plays the important role for making the price of coin go up and down. When the demand is high price goes up, and the reverse happens when demand is low. All this happens due to the fix supply of Bitcoins.

Not only prices move according to the rules of supply and demand, but also because of what happens in the real world. Certain factors (like rising inflation rates, wars, government regulations, etc.) could impact market prices for Bitcoin (either negatively or positively). The crypto market is still small, so expect wild fluctuations in price. As of now, BTC has reached the $30k milestone. It could be the result of a rumored spot ETF approval by the SEC.

If the US regulatory agency gives the "green light", it's likely the market will turn bullish. That, combined with the halving event of 2024, should help BTC reach a new ATH. We must grow our BTC holdings before this happens. Who knows if we'll never see prices below $25k ever again?

You're all right and this can be attributed to any of your various reasons, meanwhile, let's not forget that the breaking news on the ETF approval of BlackRock that sprouted the second time also is a major push on why this sudden sporadic increase occurs, this forum has been a major source and reliable means of getting any well approved trending news from a genuine source, when it firstly arrived here that bitcoin spot ETF was approved, then alot of people awaiting for this take advantage and the market continue to rise untill BlackRock themselves make the declaration that it was fake, but wether this happened intentionally or not bitcoin will always rise.

[fzkto]

This is the human nature mate. They only care about is profits. They don’t treat the price fall as opportunity. When the price falls they should treat is as a chance and should buy the high value coin in low prices. Nevertheless, coming back to OP’s concern, then supply and demand plays the important role for making the price of coin go up and down. When the demand is high price goes up, and the reverse happens when demand is low. All this happens due to the fix supply of Bitcoins.

Not only prices move according to the rules of supply and demand, but also because of what happens in the real world. Certain factors (like rising inflation rates, wars, government regulations, etc.) could impact market prices for Bitcoin (either negatively or positively). The crypto market is still small, so expect wild fluctuations in price. As of now, BTC has reached the $30k milestone. It could be the result of a rumored spot ETF approval by the SEC.

If the US regulatory agency gives the "green light", it's likely the market will turn bullish. That, combined with the halving event of 2024, should help BTC reach a new ATH. We must grow our BTC holdings before this happens. Who knows if we'll never see prices below $25k ever again?

The cryptocurrency market is very manipulative. Now there is a huge price increase and there is no certainty about what caused it. Many people are talking about the approval of bitcoin etf, but this news or a week ago. No one knows exactly why the price has risen so much now. But it could happen that it could fall just as quickly.

[G_Besar]

The cryptocurrency market is very manipulative. Now there is a huge price increase and there is no certainty about what caused it. Many people are talking about the approval of bitcoin etf, but this news or a week ago. No one knows exactly why the price has risen so much now. But it could happen that it could fall just as quickly.

I also think that a fall is still very possible for Bitcoin, but when I saw the price increase that occurred in Bitcoin today, I started to have a slight idea that it might be caused by the large number of purchases of Bitcoin by people who wanted to have more Bitcoin before this year ends so that the price increase begins to become more clear and real. And it is also very possible that this could continue for Bitcoin if the level of buying demand continues to increase this month, because I was also a little surprised when I saw the price of Bitcoin rising so quickly to $35K.