Why Is Bitcoin Price Increasing?

[Wiwo]

To me, there is nothing new to this,  and this has never been different from what we used to exuberance with the market because at some point in the past,  bitcoin has always been showing similar price movement and we shouldn't try to ascribe this one to any event or anticipated bull run,  this is just a normal market recovery movement and just for a short term,  to allow those that got in at around 20 or below to be able to cash in the profit in the short term.

Unless for long-term Bitcoin holders who may not look at the directions of the market at its present level,  and also giving the expression we are in for a long-term market recovery up until the next price break out that we can call a bull market.

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[Abiky]

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.

It's all because of the hype surrounding the spot Bitcoin ETF approval by the SEC. As far as I know, nothing has been confirmed by the agency. It could decide to delay the application again, leaving us all in suspense. Once this happens, market prices could go back to the $25k - $28k range. The real pump will happen once a spot ETF is officially approved by the SEC. That, combined with the halving event of 2024, should lead BTC towards a new ATH.

I hope we'll have enough time to buy Bitcoin at a discount before it's all over. There are a lot of companies invested into the cryptocurrency after all. With surging demand from institutional investors, it's very likely Bitcoin will reach $100k soon. This is all speculation, so lets hope for the best.

[Juse14]

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.

It's all because of the hype surrounding the spot Bitcoin ETF approval by the SEC. As far as I know, nothing has been confirmed by the agency. It could decide to delay the application again, leaving us all in suspense. Once this happens, market prices could go back to the $25k - $28k range. The real pump will happen once a spot ETF is officially approved by the SEC. That, combined with the halving event of 2024, should lead BTC towards a new ATH.

I hope we'll have enough time to buy Bitcoin at a discount before it's all over. There are a lot of companies invested into the cryptocurrency after all. With surging demand from institutional investors, it's very likely Bitcoin will reach $100k soon. This is all speculation, so lets hope for the best.

But it is true that bitcoin has recently increased due to the circulation of the ETF Hype, and shows that bitcoin has started to be listed on Nasdaq, and there is also a narrative from SEC members themselves about ETFs that should have been accepted several years ago, which shows that among the SEC there are those who are pro bitcoin.

It should be seen that we will experience a big positive double moment for Bitcoin in 2024, namely the halving and the approval of this Bitcoin ETF will cause a significant increase in spot Bitcoin adoption, as a market mechanism, institutional investors will be more confident in Bitcoin in the future, which will make them also collect bitcoins sopt to hold in their wallet.

[Out of mind]

The price of Bitcoin is increasing at the current rate and will reach even higher in the future. Although the current price of Bitcoin continues to hover around $34,000, we may see it go higher before the halving. The main reason why Bitcoin price increases is because every four years Bitcoin halving happens, and then the Bitcoin market gradually moves to higher levels.  Moreover, the Bitcoin market is constantly changing and the demand for Bitcoin is increasing, thus investors are interested in investing in Bitcoin. When the amount of investors HODL Bitcoins invested then the demand for Bitcoins increases, that is why the price of so many coins increases in the market. Moreover, the supply of Bitcoin is stable due to which its supply will not increase any more and the market is getting huge demand for Bitcoin as the days go by. Quantity supply is why the bitcoin market has been so high and will continue to go higher in the future when people have a small amount of bitcoins, the price of bitcoin will probably be at an all-time high.

[macson]

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.

everything you say here is very true, but I will add a little about the causes of the increase in the price of bitcoin, such as world economic uncertainty that occurred, investors immediately looked at investments that were safe and immune to inflation, namely bitcoin, and usually, the adoption was carried out by large companies greatly influences the price of bitcoin too.  In essence, market sentiment is something that has a big influence on the price of bitcoin, without market sentiment, the price of bitcoin is unlikely to move very volatile.

[mirakal]

Obviously, bitcoin is intended to grow overtime. Its value keeps appreciating because bitcoin has huge potentials enough to see it consistently growing, unlike altcoins that are mostly pump and dump scheme. And knowing bitcoin remains on the top position and the king of crypto, then people will focus on bitcoin accumulation not only because the coin is hyped, but because investing in bitcoin for long term guarantees high profitability that is too far to happen from other crypto coins.

Besides, who would want to invest in such coins that are doomed to fail? People are smart and wise enough to trust only bitcoin, and that motivates bitcoin to skyrocket its price regardless of its high volatility.

[gunhell16]

To me, there is nothing new to this,  and this has never been different from what we used to exuberance with the market because at some point in the past,  bitcoin has always been showing similar price movement and we shouldn't try to ascribe this one to any event or anticipated bull run,  this is just a normal market recovery movement and just for a short term,  to allow those that got in at around 20 or below to be able to cash in the profit in the short term.

Unless for long-term Bitcoin holders who may not look at the directions of the market at its present level,  and also giving the expression we are in for a long-term market recovery up until the next price break out that we can call a bull market.

I can only say that the reason why the price value of Bitcoin is rising is because of the hype that is happening in the news and in the market. It's really different when it's well reported. For example, it happened recently that someone reported that Blackrock was approved for ETF on a well-known platform, Cointelegraph, which published the same news. Though blackrock denied it.

If this is just fake news and there are a lot of hyped investors, how can it be that what is happening in this matter with Bitcoin is true regarding its price value in the market?

[Wiwo]

To me, there is nothing new to this,  and this has never been different from what we used to exuberance with the market because at some point in the past,  bitcoin has always been showing similar price movement and we shouldn't try to ascribe this one to any event or anticipated bull run,  this is just a normal market recovery movement and just for a short term,  to allow those that got in at around 20 or below to be able to cash in the profit in the short term.

Unless for long-term Bitcoin holders who may not look at the directions of the market at its present level,  and also giving the expression we are in for a long-term market recovery up until the next price break out that we can call a bull market.

I can only say that the reason why the price value of Bitcoin is rising is because of the hype that is happening in the news and in the market. It's really different when it's well reported. For example, it happened recently that someone reported that Blackrock was approved for ETF on a well-known platform, Cointelegraph, which published the same news. Though blackrock denied it.

If this is just fake news and there are a lot of hyped investors, how can it be that what is happening in this matter with Bitcoin is true regarding its price value in the market?

Bitcoin ETF have indeed become the major propeller to the current market value of Bitcoin and the surge in the price in recent times,  much more also is the fact that Bitcoin is highly volatile and any event can easily affects it value in whatever direction possible and this is one of those instances.

Alot have been in the news lately on the development and possible approval of the bitcoin ETF by the United state legislators and cex which will open up a lot of opportunities to most Bitcoin holders,  investors and speculator,  trader and a host of all others.

[pinggoki]

Besides, who would want to invest in such coins that are doomed to fail? People are smart and wise enough to trust only bitcoin, and that motivates bitcoin to skyrocket its price regardless of its high volatility.

I know some people that were able to leverage the inevitable doom of altcoins that they're invested in because they know that though most of them fail, they all experience some peaks that we like to call the altcoin season which has happened before many times already and I think that the smartest and wisest ones are those that are able to utilize that potential and doom to generate more profit for themselves and at the same time if they are thinking of it, invest more money back into bitcoin to again hodl for a long time and generate more profit.

[lixer]

Obviously, bitcoin is intended to grow overtime. Its value keeps appreciating because bitcoin has huge potentials enough to see it consistently growing, unlike altcoins that are mostly pump and dump scheme. And knowing bitcoin remains on the top position and the king of crypto, then people will focus on bitcoin accumulation not only because the coin is hyped, but because investing in bitcoin for long term guarantees high profitability that is too far to happen from other crypto coins.

Besides, who would want to invest in such coins that are doomed to fail? People are smart and wise enough to trust only bitcoin, and that motivates bitcoin to skyrocket its price regardless of its high volatility.

It's the supply and demand that pushes the price of Bitcoin up and down, and no motivation or anything. People trust Bitcoin more than altcoins because of its qualities and properties such as decentralization and security and most importantly, scarcity. Altcoins in general are not completely decentralized because they are managed and owned by certain projects and their supplies are also controllable which means that even if they have a certain supply, they can always make a change in it if they want in the future.

So, because the supply of Bitcoin is limited and there will never be more Bitcoins than its fixed total supply, the price will keep increasing over time as the demand increases and more and more people become interested in it and would want to buy some of it for themselves and those willing to sell will start asking for more money for their holdings.

[slashz9]

To me, there is nothing new to this,  and this has never been different from what we used to exuberance with the market because at some point in the past,  bitcoin has always been showing similar price movement and we shouldn't try to ascribe this one to any event or anticipated bull run,  this is just a normal market recovery movement and just for a short term,  to allow those that got in at around 20 or below to be able to cash in the profit in the short term.

Unless for long-term Bitcoin holders who may not look at the directions of the market at its present level,  and also giving the expression we are in for a long-term market recovery up until the next price break out that we can call a bull market.

but at least people feel happy because of this, especially for those who are still negative and seeing this market recovery, like getting a surprise, maybe they have been waiting for a long time,so let everyone rejoice because of this.

[Fatunad]

Obviously, bitcoin is intended to grow overtime. Its value keeps appreciating because bitcoin has huge potentials enough to see it consistently growing, unlike altcoins that are mostly pump and dump scheme. And knowing bitcoin remains on the top position and the king of crypto, then people will focus on bitcoin accumulation not only because the coin is hyped, but because investing in bitcoin for long term guarantees high profitability that is too far to happen from other crypto coins.

Besides, who would want to invest in such coins that are doomed to fail? People are smart and wise enough to trust only bitcoin, and that motivates bitcoin to skyrocket its price regardless of its high volatility.

It's the supply and demand that pushes the price of Bitcoin up and down, and no motivation or anything. People trust Bitcoin more than altcoins because of its qualities and properties such as decentralization and security and most importantly, scarcity. Altcoins in general are not completely decentralized because they are managed and owned by certain projects and their supplies are also controllable which means that even if they have a certain supply, they can always make a change in it if they want in the future.

So, because the supply of Bitcoin is limited and there will never be more Bitcoins than its fixed total supply, the price will keep increasing over time as the demand increases and more and more people become interested in it and would want to buy some of it for themselves and those willing to sell will start asking for more money for their holdings.

Just a simple economics subject on why we are really that pumping or increasing which specifically talking about on the demand and recognition of bitcoin on why we are really that experiencing these things.
We do know on a market on which it would really be just simply getting involved with those ups and downs. Market could neither have a bear or bullish market and it would really be that depending on several factors.
Now that we are really that seeing that its price is increasing then whats the reason? It would be always on the demand and some mix of FOMO. 

This is why you should really that make yourself that aware and really that wise on taking up decisions because if you dont then you are really that putting up yourself on a
hard situation because you would really be keeping on trying out to chase whenever it do moves.

[danadc]

To me, there is nothing new to this,  and this has never been different from what we used to exuberance with the market because at some point in the past,  bitcoin has always been showing similar price movement and we shouldn't try to ascribe this one to any event or anticipated bull run,  this is just a normal market recovery movement and just for a short term,  to allow those that got in at around 20 or below to be able to cash in the profit in the short term.

Unless for long-term Bitcoin holders who may not look at the directions of the market at its present level,  and also giving the expression we are in for a long-term market recovery up until the next price break out that we can call a bull market.

but at least people feel happy because of this, especially for those who are still negative and seeing this market recovery, like getting a surprise, maybe they have been waiting for a long time,so let everyone rejoice because of this.

It may be that the price of bitcoin is rising because demand has increased , there are more people who want to buy bitcoin because they know that it is a great investment, and with everything that can be achieved when buying right now and hoping to sell much more late, for example, buy now and wait until the end of 2024, you would be making a lot of money, this is a lifelong investment, where the more time passes, the more strength the investment takes because the better price it takes, this is what is expected all the time to be done, based on how much they think about why ? It could be because the investors have planned it that way, if the big investors who are the ones with the most money see it that way, we who buy little by little because we must follow the big ones.

Those who follow the big ones do well buying , and selling when they sell, that is the only way I have seen that they can Achieve the things they want, you only have to Follow those who know and those who know know that there is still a long way to go to go up.

[Wiwo]

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It may be that the price of bitcoin is rising because demand has increased , there are more people who want to buy bitcoin because they know that it is a great investment, and with everything that can be achieved when buying right now and hoping to sell much more late, for example, buy now and wait until the end of 2024, you would be making a lot of money, this is a lifelong investment, where the more time passes, the more strength the investment takes because the better price it takes, this is what is expected all the time to be done, based on how much they think about why ? It could be because the investors have planned it that way, if the big investors who are the ones with the most money see it that way, we who buy little by little because we must follow the big ones.

That is the fundamental foundation of Bitcoin price increase,  because only when the demand increases that guarantee the price to increase and that is what has an impact much more on our understanding of how and what makes Bitcoin price increase or decrease because when demand increases,  the commodity will become scarce and at that point, the value will automatically increase which will give birth to a competitive price.

Those who follow the big ones do well buying , and selling when they sell, that is the only way I have seen that they can Achieve the things they want, you only have to Follow those who know and those who know know that there is still a long way to go to go up.

We call such approach,  the DCA approach and this is the most effective way to accumulate both bitcoin and the dollars at the same time using same formula DCA,  with that too are sure that you may have short term Bitcoin price speculations and buying vs selling at regular proportions.

[Yaunfitda]

To me, there is nothing new to this,  and this has never been different from what we used to exuberance with the market because at some point in the past,  bitcoin has always been showing similar price movement and we shouldn't try to ascribe this one to any event or anticipated bull run,  this is just a normal market recovery movement and just for a short term,  to allow those that got in at around 20 or below to be able to cash in the profit in the short term.

Unless for long-term Bitcoin holders who may not look at the directions of the market at its present level,  and also giving the expression we are in for a long-term market recovery up until the next price break out that we can call a bull market.

but at least people feel happy because of this, especially for those who are still negative and seeing this market recovery, like getting a surprise, maybe they have been waiting for a long time,so let everyone rejoice because of this.

Definitely who wouldn't be happy to see that the price is going above $40k now? We might hit $45k if the FOMO is real. And perhaps the reason for the big surge is still the speculation about approval of Bitcoin Spot ETF. So everyone is very high on it  that we could see approvals already based on the positive sentiments of those who have filed. So it's just a matter of race on who will be the first one to get approval early next month.

So there is something that needs to be happy and excited, but we shouldn't sell any at this point though. Just keep on buying and selling, this is going to be fun to see that huge bull run that we all expecting next year with that bitcoin that we have save right now.

[EarnOnVictor]

To me, there is nothing new to this,  and this has never been different from what we used to exuberance with the market because at some point in the past,  bitcoin has always been showing similar price movement and we shouldn't try to ascribe this one to any event or anticipated bull run,  this is just a normal market recovery movement and just for a short term,  to allow those that got in at around 20 or below to be able to cash in the profit in the short term.

Unless for long-term Bitcoin holders who may not look at the directions of the market at its present level,  and also giving the expression we are in for a long-term market recovery up until the next price break out that we can call a bull market.

but at least people feel happy because of this, especially for those who are still negative and seeing this market recovery, like getting a surprise, maybe they have been waiting for a long time,so let everyone rejoice because of this.

Definitely who wouldn't be happy to see that the price is going above $40k now? We might hit $45k if the FOMO is real. And perhaps the reason for the big surge is still the speculation about approval of Bitcoin Spot ETF. So everyone is very high on it  that we could see approvals already based on the positive sentiments of those who have filed. So it's just a matter of race on who will be the first one to get approval early next month.

So there is something that needs to be happy and excited, but we shouldn't sell any at this point though. Just keep on buying and selling, this is going to be fun to see that huge bull run that we all expecting next year with that bitcoin that we have save right now.

The market is often crazy, it reacts as it likes and the person with an in-depth insightful thought would always make their money for they would always outsmart it. Did you know that if not for this time of the season and in the Bitcoin cycle where halving is much anticipated Bitcoin wouldn't have reacted this much to ETF headlines and expectations? This is how the market is, it goes with some kind of strange mood as long as it sees the right sentiment to back it up. For real, the FOMO is pumping the market so well, it might reach $45,000 which I least expected this year. In my wildest dreams, I never thought that Bitcoin could reach $40,000 in 2023, not to talk of the level of $44,000 which it comfortably seated above now.

As everyone can see, it's an obvious bullishness for Bitcoin and I am glad that I made my long-analysis on it in October before all these and also advised those who had not started buying it to buy and DCA if that was what they could resolve to. It's all bullish and I can't doubt it if someone predicts that it will reach $50,000 before the end of this year. However, this might spell unforgeable doom for the coin since it's deviating from the widely expected pattern, and it might start so urgently if ETF is rejected. Well, let's see how thing unfolds and let us use our charts to guide and educate ourselves accordingly even as we make the right investment plans.

[Davian144]

but at least people feel happy because of this, especially for those who are still negative and seeing this market recovery, like getting a surprise, maybe they have been waiting for a long time,so let everyone rejoice because of this.

Recovery like now is certainly something that Bitcoin holders or Bitcoin buyers have been waiting for a long time because they also want more decent profits from the efforts they have made previously. So of course it wouldn't be wrong for everyone to celebrate this joy as a victory for those who have spent as much capital as possible in the past. I am also quite happy to see this continued increase even though transaction costs are also increasing at this time.

[Wiwo]

The market is often crazy, it reacts as it likes and the person with an in-depth insightful thought would always make their money for they would always outsmart it. Did you know that if not for this time of the season and in the Bitcoin cycle where halving is much anticipated Bitcoin wouldn't have reacted this much to ETF headlines and expectations? This is how the market is, it goes with some kind of strange mood as long as it sees the right sentiment to back it up. For real, the FOMO is pumping the market so well, it might reach $45,000 which I least expected this year. In my wildest dreams, I never thought that Bitcoin could reach $40,000 in 2023, not to talk of the level of $44,000 which it comfortably seated above now.

Yeah Bitcoin market have really done a lot of rollercoaster movement to the point that none can really anticipate which direction the price will go,  and since Bitcoin price react to a lot of sentiment as a direct propeller to it price movement this made it easier for Bitcoin price to react positively to the Bitcoin ETF news even though it has not been confirmed yet,  most time we tend to forget the fact that Bitcoin is an unpredictable assets when it comes to it value movement, so for that,  any one who is in for the short term price speculation must be ready to take some accurate and on time actions that reflect direction of sentiment as inline with their DCA approach or formula.

Take those that bought Bitcoin while it price was at it lowest point in the last discount touch where Bitcoin slumped and stayed below 20k region for a while before it start recovering to this present point,  by now if those who bought at that $15k-20k price benchmark are already in 1x+ gains at the present moments as Bitcoin have reached 45k+ already.

As everyone can see, it's an obvious bullishness for Bitcoin and I am glad that I made my long-analysis on it in October before all these and also advised those who had not started buying it to buy and DCA if that was what they could resolve to. It's all bullish and I can't doubt it if someone predicts that it will reach $50,000 before the end of this year. However, this might spell unforgeable doom for the coin since it's deviating from the widely expected pattern, and it might start so urgently if ETF is rejected. Well, let's see how thing unfolds and let us use our charts to guide and educate ourselves accordingly even as we make the right investment plans.

At this moment,  we can't declare Bitcoin bullisness as you call it because at some point,  45k price is still a recovery phase for us here and at that will wait to see Bitcoin touche at least 55k price benchmark before we can boldly declare the start of a bull market again and which I doubt if we can reach that price before the month of march-appril when the Bitcoin halving will occurs.

[Abiky]

Definitely who wouldn't be happy to see that the price is going above $40k now? We might hit $45k if the FOMO is real. And perhaps the reason for the big surge is still the speculation about approval of Bitcoin Spot ETF. So everyone is very high on it  that we could see approvals already based on the positive sentiments of those who have filed. So it's just a matter of race on who will be the first one to get approval early next month.

So there is something that needs to be happy and excited, but we shouldn't sell any at this point though. Just keep on buying and selling, this is going to be fun to see that huge bull run that we all expecting next year with that bitcoin that we have save right now.

Everyone gets excited when BTC market prices increase. There's no denying that. The only problem is that fees soar like crazy due to high network congestion. Many Bitcoiners are already feeling the pain of paying over $15 per transaction, especially when other coins are faster and cheaper to use. Even ETH is cheaper than BTC right now. Unless the hype comes to an end, don't expect things to get better soon.

If you only rely in BTC as a store of value, high fees shouldn't be much of an issue. Bitcoin is now sitting within the $43k mark, with ample room for growth in the future. If spot ETFs are approved in the US, expect market prices to rise all the way to the moon. Even without the spot ETFs, the upcoming halving will have a positive effect over Bitcoin's market price. I'd wait until the dust settles to buy more BTC at a discount. But if you've bought early and are still holding BTC, I'd suggest you don't sell until the big pump. Who knows what surprises we'll find by 2024?

[cryptoknightt]

In anticipation that the FED will pivot? No rate hike they say.  Or it could be retracing back to $31k to try a breakout. Yuletide season is coming though and it usually goes up every holiday.  

There are just so many fundamental factors now like Gas going up to $150 per gallon. The last time the gas price went berserk was the time when Russia-Ukraine started and the price of BTC also rocketed so it could be possible.

but I think the bad impact of war is greater than the good impact, let's say the market and oil go up, but human lives are lost just because of the interests of a few parties who want to monopolize or whatever.
I would rather have other news cause Bitcoin to rise than war.