Topic: Will the bitcoin price continue to increase? - page 7. (Read 1312 times)
Seems pretty clear to me that the market hit bottom and is on it's way up, likely for a couple of years. Sure, there will be bull traps and liquidation crunches, but if you purchased BTC with your own money and removed it from an exchange, you don't have to worry about these things. Keep stacking sats and wait a year or two, you'll be glad you did. When you look at the daily news cycle and manipulation of crypto, it's easy to get lost in a trader's mindset. However, if you zoom out and look at the 4-year cycle with some patience, this should be the easiest investment you ever make. Buy now and sell in 2025, then buy in 2027 and sell in 2029. You're welcome. If your time frame is shorter than that, consider looking at ways to earn income as investing is not what you're looking for.
Now bitcoin has started to increase again to $ 23k and there is a possibility that the price will continue to increase after yesterday's correction. Yesterday's correction turned out to be a small correction that had too much effect on the bitcoin price so that the price did not fall too deep and could experience another increase today. I feel that the next barrier for bitcoin price is at $25k.
Barely holding $23k, but I do agree that it's nice to see that price after a long time. But we need to hold and sustain this price, because from the looks of it, doesn't yet that sustainable. And if I'm not mistaken, we hit $23,500 before the correction. So we need to see that price again, if ever we can reach that in the next 5 days or at the end of this month.If we keep fearing upside, then we will go lower, however if we get hyped about the current situation then we could be going even higher and that will be much better, it would allow everyone to work towards making bitcoin price higher. For this to happen we need to keep buying and keep saying good things about the current situation in every possible place.
Bitcoins price completely depends on their users only. If we want, then only the price will increase, and vice versa. The thing that I want to point out is that, Bitcoin follows the policy of supply and demand. So if the demand of the coin increases, then due to the limited supply of coin, the price will be forced to increase. So Bitcoins will only increase, if we buy more coins than we sell. You can easily see the application in a particular exchange. If the exchange has more buy orders than sell orders, then you will notice that the price of Bitcoins will increase simultaneously.
This is the disadvantage of a decentralized currency. Unlike to a centralized currency like fiat and some stable coins which value depends on the bank, the value of decentralized coins such as Bitcoin will only depend on the trust of the people so BTC must be careful because a one big mistake could lead for the users to quit on supporting it and then it will now become valueless or useless.It seems too good be true that the only way for the Bitcoins value to increase is for the people to buy more coins and not to sell them but what's the point of doing this right? We shouldn't forget that the primary reason on why people hop in is because of the profit.
it would be and this should be bare up on mind about or speaking about the risk.
Now bitcoin has started to increase again to $ 23k and there is a possibility that the price will continue to increase after yesterday's correction. Yesterday's correction turned out to be a small correction that had too much effect on the bitcoin price so that the price did not fall too deep and could experience another increase today. I feel that the next barrier for bitcoin price is at $25k.
Barely holding $23k, but I do agree that it's nice to see that price after a long time. But we need to hold and sustain this price, because from the looks of it, doesn't yet that sustainable. And if I'm not mistaken, we hit $23,500 before the correction. So we need to see that price again, if ever we can reach that in the next 5 days or at the end of this month.Hopefully, the price of bitcoin will not have too much influence on the negative news that is experienced by countries out there. And even if there is a decline later, the price of bitcoin will not fall too deeply so that it will not cause panic in the market.
Depends on the negative news that we will hear. But for now, it's seem that the panic has subsided already. The last negative news is the FTX collapse but we are over with it and that is very positive news. 
So far we can only say what has been concluded from some of the analysis that has been seen from the graph of increasing and decreasing value in the market, currently what is happening in the market is still not very stable, basically prices are never stable, maybe the predictions obtained by Bitcoin will be staying above $20k till the end of this January, now the Little Bulls are still trying to pump up the price.
It is very likely that in the near future the market chart will continue to increase even though with a not so significant increase soaring upwards.
Now the Bitcoin price is starting to run in the $23K area with a small correction in the market, meaning that the Bitcoin price is now in a very good area and still has a chance for a better increase this month although I only believe that Bitcoin will end this January on $23K+ assuming no further correction in the near future. Because some people think that this year is the time for price improvement for Bitcoin before going to a real bull.It is very likely that in the near future the market chart will continue to increase even though with a not so significant increase soaring upwards.
And until now we still have full confidence in Bitcoin, we always feel Bitcoin brings everything more directed, we all still really believe Bitcoin will continue to increase, at the end of January we expect Bitcoin to determine a better value, one of which is as you mentioned " you and some people want Bitcoin to end this January with a Value of $ 23k or even more ", and here we still really believe this year should be a good year for Bitcoin.
Right now Bitcoin price is in the process of pumping maybe not significantly too much upwards, but Bitcoin is still going through this process with little bulls, generally we know this to be a good start for Bitcoin and its true holders.
Bitcoins price completely depends on their users only. If we want, then only the price will increase, and vice versa. The thing that I want to point out is that, Bitcoin follows the policy of supply and demand. So if the demand of the coin increases, then due to the limited supply of coin, the price will be forced to increase. So Bitcoins will only increase, if we buy more coins than we sell. You can easily see the application in a particular exchange. If the exchange has more buy orders than sell orders, then you will notice that the price of Bitcoins will increase simultaneously.
This is the disadvantage of a decentralized currency. Unlike to a centralized currency like fiat and some stable coins which value depends on the bank, the value of decentralized coins such as Bitcoin will only depend on the trust of the people so BTC must be careful because a one big mistake could lead for the users to quit on supporting it and then it will now become valueless or useless.It seems too good be true that the only way for the Bitcoins value to increase is for the people to buy more coins and not to sell them but what's the point of doing this right? We shouldn't forget that the primary reason on why people hop in is because of the profit.
Bitcoin price has shown signs of improvement this year. it is clear that the time of 15k price has long since shown a positive sign when entering the new year. That also opens the prospect of price recovering at an increasing level, a slight increase is a good but likely scenario. So that is a bullish signal and I believe this is not the time for institutions to book short term profits.
some novice investors and traders have more concerns about the assets they own. especially when market conditions are not very friendly. they look at a market that has fallen sharply and then sees a move that makes them happy. Of course, there is a sense of wanting to take advantage of seeing the correction happen again.
That is one quick way to get burned out of the market quickly. If you are confident on your choice of asset and did your research beforehand, then you should not be bothered by unfriendly market conditions. This difficult for new holders, but easier for more experienced ones.Without trading skills, trying to profit from changing markets would result is losses.
- Jay -
So far we can only say what has been concluded from some of the analysis that has been seen from the graph of increasing and decreasing value in the market, currently what is happening in the market is still not very stable, basically prices are never stable, maybe the predictions obtained by Bitcoin will be staying above $20k till the end of this January, now the Little Bulls are still trying to pump up the price.
It is very likely that in the near future the market chart will continue to increase even though with a not so significant increase soaring upwards.
Now the Bitcoin price is starting to run in the $23K area with a small correction in the market, meaning that the Bitcoin price is now in a very good area and still has a chance for a better increase this month although I only believe that Bitcoin will end this January on $23K+ assuming no further correction in the near future. Because some people think that this year is the time for price improvement for Bitcoin before going to a real bull. It is very likely that in the near future the market chart will continue to increase even though with a not so significant increase soaring upwards.
is it possible that bitcoin will increase again in the near future, or will it decrease again.
So far we can only say what has been concluded from some of the analysis that has been seen from the graph of increasing and decreasing value in the market, currently what is happening in the market is still not very stable, basically prices are never stable, maybe the predictions obtained by Bitcoin will be staying above $20k till the end of this January, now the Little Bulls are still trying to pump up the price.It is very likely that in the near future the market chart will continue to increase even though with a not so significant increase soaring upwards.
Now bitcoin has started to increase again to $ 23k and there is a possibility that the price will continue to increase after yesterday's correction. Yesterday's correction turned out to be a small correction that had too much effect on the bitcoin price so that the price did not fall too deep and could experience another increase today. I feel that the next barrier for bitcoin price is at $25k.
Hopefully, the price of bitcoin will not have too much influence on the negative news that is experienced by countries out there. And even if there is a decline later, the price of bitcoin will not fall too deeply so that it will not cause panic in the market.
Hopefully, the price of bitcoin will not have too much influence on the negative news that is experienced by countries out there. And even if there is a decline later, the price of bitcoin will not fall too deeply so that it will not cause panic in the market.
watching the market continues to grow for at least 1 week now? I think it is better if we will look at that point though expect also some changes in the coming weeks as the price may decrease a little as we knew about the changes or the recovery and some are selling because they are trapped of the decrease from the whole 2022.
Maybe, maybe not, but even if it did increase from here, it wouldn't boom past 30k imo, at most 25k maybe. The 20k recovery was supposed to have happened months ago which originally did iirc, but with the ftx fiasco happening, it pushed it down back and lasted till the end of the year. So it goes back up to 20k doesn't really say anything about it going up continuously once again. In the long term, I don't expect any big gains, in the short term who knows.
if not to take 30k at least we can expect 25k any time soon? 
I think it will continue to increase but not in a straight line as it has been, now that many believe that not only the low is in, but currently there is a trend reversal.
My general theory would be a correction at some point, but the higher we go then the deeper the correction:
$21.5K to $19.5K (-10%)
$25K to $21.5K (-15%)
$30K to $25K (-17%)
$40K to $30K (-25%)
$50K to $25K (-50%) ~ My ultimate target for full blown reversal
Roughly...
My general theory would be a correction at some point, but the higher we go then the deeper the correction:
$25K to $21.5K (-15%)
$30K to $25K (-17%)
$40K to $30K (-25%)
$50K to $25K (-50%) ~ My ultimate target for full blown reversal
Roughly...
Yeah, just imagine if we hit $50k this year and then go back to $25k, but I guess it could be good to us then, as we can continue to accumulate before the bull run or the block halving next year.
I think if we reach $50K in the coming months (similar to a 2019 retracement to 0.618 fib) then it will simply be too far too soon, hence a deeper correction towards the end of the year. Not ruling out simply moving sideways between $15K and $30K either, as this is what happened in 2015. Likewise, something inbetween reaching $50K and going sideways is more than possible.
In any case, we really don't know what's going to happen long term, there are news that can really affect the price, the one that the OP mentions somewhat bring the market down when the Russian owner of Bitzlato was charge a week ago. But we are still good at this point and trying to break $23k.
Bitzlato was a completely irrelevant exchange imo, so had no short-term affect on price action. It also becomes clearer when a bull trend returns as bearish news no longer affects price. We're all too keen to attribute bearish news to bearish price action and bullish news to bullish price action, but when bearish news has no effect on the bullish trend or visa versa, then it usually goes somewhat unnoticed.
I think it will continue to increase but not in a straight line as it has been, now that many believe that not only the low is in, but currently there is a trend reversal.
My general theory would be a correction at some point, but the higher we go then the deeper the correction:
$21.5K to $19.5K (-10%)
$25K to $21.5K (-15%)
$30K to $25K (-17%)
$40K to $30K (-25%)
$50K to $25K (-50%) ~ My ultimate target for full blown reversal
Roughly...
My general theory would be a correction at some point, but the higher we go then the deeper the correction:
$25K to $21.5K (-15%)
$30K to $25K (-17%)
$40K to $30K (-25%)
$50K to $25K (-50%) ~ My ultimate target for full blown reversal
Roughly...
Yeah, just imagine if we hit $50k this year and then go back to $25k, but I guess it could be good to us then, as we can continue to accumulate before the bull run or the block halving next year.
In any case, we really don't know what's going to happen long term, there are news that can really affect the price, the one that the OP mentions somewhat bring the market down when the Russian owner of Bitzlato was charge a week ago. But we are still good at this point and trying to break $23k.
is it possible that bitcoin will increase again in the near future, or will it decrease again.
No one has a crystal ball to predict what happens in the near or distant future, though the latter is considerably easier to attempt to predict.If you are a long term holder you should not be worried about what happens in the near future, or which DoJ said what.
If you are a trader then, you should not have to ask questions like above.
- Jay -
Anyways if OP has asked this question shows that he is not an experienced trader.
We should know that no financial market moves in straight upward direction. For me, bitcoin will make correction soon as it is now over bought. Bitcoin can fall to 20,000$ levels and if you're lucky you may get bitcoin as low as 18,000$. If bitcoin reaches these levels on correction, make sure to place your buy orders in these levels in advance.
I think it will continue to increase but not in a straight line as it has been, now that many believe that not only the low is in, but currently there is a trend reversal.
My general theory would be a correction at some point, but the higher we go then the deeper the correction:
$21.5K to $19.5K (-10%)
$25K to $21.5K (-15%)
$30K to $25K (-17%)
$40K to $30K (-25%)
$50K to $25K (-50%) ~ My ultimate target for full blown reversal
Roughly...
My general theory would be a correction at some point, but the higher we go then the deeper the correction:
$25K to $21.5K (-15%)
$30K to $25K (-17%)
$40K to $30K (-25%)
$50K to $25K (-50%) ~ My ultimate target for full blown reversal
Roughly...
There could be a correction but it might not go below $16K. The first year of the bear market is over and its usually not going to go up all the time but it often goes sideways.
One reason to see the adoption rate to be higher is that Davos people are discussing crypto regulation which sure many are going to see a positive look on the market despite the filing of bankruptcy off companies.
Are you talking about this year or until ATH max of $90k? If this year I agree that's more or less the range (except I think $20k to 50k is more likely in this next 12 months).
If it is including next year I do expect a crash to $10k if it happens below 30k (50% wipeout).
If it is including next year I do expect a crash to $10k if it happens below 30k (50% wipeout).
Bitcoin is price rise has been predicted by some analysts but I still doubt if it could continue rising. As you said and I would like to agree with you is we might see an upsurge to 50k but that is most likely to happen at last quarter of the year. This first quarter might be mixed and the second could possibly see it falling but I don’t agree with you on coming down as low as 10k. The lowest I think it could come is 16k because the end of last year bear period made bitcoin to look to have gain stability at that price. Even when the FTX saga occured and it went to 14k you could see it coming back to 16k mark easily and quickly so I think it has gain stability there. The next stability point could be 20k if it stays there for the next few weeks.
but according to my predictions the price of bitcoin will continue to increase, because now the issue of war has subsided, post-covid 19 issues and crismon has subsided, even now there are clear and firm regulations against thousands of micin coins that have spread too much and are at risk of scams.
All your stated factors have actually impacted the rise of bitcoin but one scary thing that was left and could affect it rise is the recession lurking around and the much talked about inflation hike. Should any of these suffice within the year it could greatly alter the price. Also we could be faced again with another saga like a big exchange been hack which could have its impact on it too
bitcoin started the year quickly, resulting in a series of price increases, bitcoin for example increased in price to $20,000, and now bitcoin has increased again to $22,695.20.
is it possible that bitcoin will increase again in the near future, or will it decrease again.
on the other hand some of the negative things experienced by crypto this week also dampened the positive atmosphere, one of which was anxiety in the market, when the US justice department announced it would make an important statement.
However, the statement announcing the confiscation of Russian cryptocurrencies based in Hong Kong, as a continuation of the operations that have been underway from September eased the anxiety a bit. But still the warning message from the US DOJ was overwhelming.
Reference : bitcoin news
Define "near future". Yes it's possible. But this is just a bounce from the bottom so we could definitely retrace at some point. It's not just promptly going up to ath without retrace and accumulation periods. Or at least i haven't seen any TA supporting that idea.is it possible that bitcoin will increase again in the near future, or will it decrease again.
on the other hand some of the negative things experienced by crypto this week also dampened the positive atmosphere, one of which was anxiety in the market, when the US justice department announced it would make an important statement.
However, the statement announcing the confiscation of Russian cryptocurrencies based in Hong Kong, as a continuation of the operations that have been underway from September eased the anxiety a bit. But still the warning message from the US DOJ was overwhelming.
Reference : bitcoin news
Russia is under sanctions, so obviously their accounts are in danger of getting frozen if they are in CEXes or in their wallets as USDT. But i can't see that affecting to people who are not in sanctioned countries.
Maybe, maybe not, but even if it did increase from here, it wouldn't boom past 30k imo, at most 25k maybe. The 20k recovery was supposed to have happened months ago which originally did iirc, but with the ftx fiasco happening, it pushed it down back and lasted till the end of the year. So it goes back up to 20k doesn't really say anything about it going up continuously once again. In the long term, I don't expect any big gains, in the short term who knows.
Jump to: