Bitcoin’s Price Will Continue to Rise

Bitcoin has been a topic of interest for investors and traders alike since its inception in 2009. Its price has been volatile, with extreme highs and lows, making it a risky investment option. However, the long-term view on Bitcoin’s price seems to be positive, with many experts predicting that it will continue to rise over the years.

Bitcoin logo

The reasons for this positive outlook are several. One of the main reasons is the limited supply of Bitcoin, with only 21 million Bitcoins in existence. This scarcity makes it a valuable asset, and as demand for Bitcoin increases over time, its price is likely to rise.

Another reason is the increasing adoption of Bitcoin by mainstream institutions and individuals, which is expected to drive up its demand and price.

However, in the short-term, the outlook for Bitcoin’s price is not as positive. The price of Bitcoin is highly volatile and can fluctuate significantly in a short period. Therefore, it is possible that the price of Bitcoin may experience a temporary decline before it resumes its upward trend. It is essential to consider both the long-term and short-term views when investing in Bitcoin, as it is a high-risk, high-reward investment option.

Short-term View

Short-term view forecast

While Bitcoin’s long-term prospects may be promising, the short-term outlook is less certain. There are several factors that may impact Bitcoin’s price in the short-term.

Factors that may impact Bitcoin’s price in the short-term:

1. Increased government regulation: Governments around the world are starting to take a closer look at cryptocurrencies, and increased regulation could impact the price of Bitcoin. For example, if a major government were to ban Bitcoin outright, it could cause a significant drop in the price.

2. Volatility: Bitcoin is known for its volatility, and this can impact short-term price movements. Sudden drops or spikes in price can be caused by a variety of factors, such as news events or changes in market sentiment.

3. Competition from other cryptocurrencies: Bitcoin may be the most well-known cryptocurrency, but it is far from the only one. As other cryptocurrencies gain popularity, they may start to compete with Bitcoin for market share, which could impact the price.

4. Limited adoption: While more and more businesses are starting to accept Bitcoin as a form of payment, adoption is still relatively limited compared to traditional currencies. This means that changes in demand can have a bigger impact on the price of Bitcoin.

5. Technical factors: Finally, technical factors such as mining difficulty and transaction fees can impact the price of Bitcoin in the short-term. For example, if mining becomes more difficult, it could lead to a decrease in supply, which could drive up the price.

Long-term View of Bitcoin Price

Factors that may impact Bitcoin’s price in the long-term

Bitcoin long term view and forecast

Bitcoin’s price is influenced by a variety of factors, some of which may have a significant impact on its long-term price potential:

  • Adoption: As more individuals and institutions adopt Bitcoin, its demand and price may increase. This trend has been observed in the past, and it may continue in the future.
  • Regulation: Governments around the world are still figuring out how to regulate Bitcoin. If they decide to ban or restrict it, Bitcoin’s price may suffer. However, if they embrace it, Bitcoin’s price may soar.
  • Competition: Bitcoin is not the only cryptocurrency in the market. If a new cryptocurrency emerges that offers superior features and benefits, Bitcoin’s price may decline.
  • Technology: Bitcoin’s technology is constantly evolving, and new features and improvements may make it more valuable and desirable.

Historical trends that suggest Bitcoin’s price will continue to rise

Bitcoin’s price has been volatile in the short-term, but it has shown a consistent upward trend in the long-term:

YearBitcoin’s Price (Year-End approx.)
2023as of March 2023 – $28,000

While past performance is not a guarantee of future results, these historical trends suggest that Bitcoin’s price may continue to rise over the long-term. Of course, 2022 saw a huge dip and more than 65% loss of value. But at the same time, from January to March of 2023, Bitcoin

Bitcoin Price Elliott Waves WXY Forecast

Bitcoin Elliott waves WXY forecast

Considering the Elliott waves analysis, if the last completed wave in the weekly chart is an expanding flat correction, neither short-term nor mid/long-term views look promising. Because it means the sideways market will likely continue to create the (Y) of the WXY wave.

Given this is the weekly chart, if this analysis is correct, then the real longer-term uptrend of Bitcoin will not start for at least another 2-3 years.


Overall, the long-term view for Bitcoin’s price is positive (except for the forecast using the Elliott waves), but the short-term view is more uncertain. Many experts believe that Bitcoin’s price will continue to rise in the long-term due to factors such as limited supply, increasing demand, and growing institutional adoption.

However, in the short-term, Bitcoin’s price may be more volatile and subject to market fluctuations. Factors such as regulatory changes, investor sentiment, and global economic conditions could all impact Bitcoin’s price in the short-term.

It is important to note that there are multiple possibilities for Bitcoin’s price in both the short and long-term. While some experts are bullish on Bitcoin’s future, others are more cautious and believe that a market correction could be imminent.

Ultimately, the future of Bitcoin’s price is uncertain and will depend on a variety of factors. Investors should consider their own risk tolerance and do their own research before making any investment decisions.

Scroll to Top