At this time when I am writing this post the price of bitcoin is $9,799.51. Many brokers expect it to touch $10,000 in the next few hours or after a day.
Reason
The reason behind the increase in price is determined by the sudden and gradually increase in price of bitcoin. By seeing the price chart of bitcoin, it is excluded that it will be touching $10,000. This will be highest price gained by bitcoin.
Advantage
If the price increases to this point then the one who bought the bitcoin at $8,000 will get his profit 2,000 on increase of the price of bitcoin. Stakers will get a lot of benefit with this. Miners will greatly benefited by the increase of bitcoin price and at that time as buyers of bitcoin decreases, decreasing difficulty which result in the increase in mining of bitcoin by mining machines.
Disadvantage
The increase in the price of bitcoin leads to loss of buyers. As the price increases the people will wait to come it down so that they can easily buy the bitcoin.
What do you think about it? Will it increase or not?
All the above was my observation