Cause of bitcoin price pump!!!

[therozaq]

Elon Musk is the main reason for the increase in the price of Bitcoin.Because we all know that Elon Musk is the richest man in the world.And he invests heavily in cryptocurrencies.A few days ago, Elon Musk made a post about Bitcoin on his Twitter page.Which is why the price of Bitcoin has risen so much.

Yes, I see. I think Elon musk is the main reason why bitcoin pump now. Other word,  Elon musk has bought a big amount of bitcoin . It is a good thing for bitcoin market. Because we all know elon musk is a famous people

[pacar_tiri]

Elon Musk is the main reason for the increase in the price of Bitcoin.Because we all know that Elon Musk is the richest man in the world.And he invests heavily in cryptocurrencies.A few days ago, Elon Musk made a post about Bitcoin on his Twitter page.Which is why the price of Bitcoin has risen so much.

Yes, I see. I think Elon musk is the main reason why bitcoin pump now. Other word,  Elon musk has bought a big amount of bitcoin . It is a good thing for bitcoin market. Because we all know elon musk is a famous people

I think the basic factor why bitcoin rising because bitcoin has high demand. Elon musk has bought $ 1.5 billion. It is really great. It will have good effect , But I don't believe it will continue until the middle this year

[Mayajal]

Bitcoin prices have been rising for some time now.  Naturally, the price of Bitcoin is driving people crazy because the price of Bitcoin has never risen in such a way as it has now.  That's why suddenly the price of Bitcoin was about  47,920 dollar.  Although the price of a bitcoin is lower now, the chances of a price increase in the future are much higher.

[Rain075]

We have seen that Bitcoin has increased a lot and decreased a little again today.  The way the price of Bitcoin started to rise, it seemed that Bitcoin could surpass $50,000 and reach $70,000 in a few days.  But instead of staying within 50 thousand dollars, it went down again.  However, many have speculated that Bitcoin will pump again and will be within $70,000 by 2021.

[UNIVERSE]

There are some reasons why Bitcoin is increasing so highly only in a limited time and period. The most fundamental reasons is because of the big news tweeted by Elon Musk that Tesla bought Bitcin. ANd the numbers are also very high so that many people expect this to be a very great sign for Bullrun always.

[wahyudi]

The phenomenon of skyrocketing Bitcoin prices has also been accompanied by increases in the prices of other cryptocurrencies such as Ethereum (ETH), Ripple (XRP) and Binance Coin (BNB).  JP Morgan analyst Nikolaos Panigirtzoglou in an interview with the well-known British media The Guardian on November 17, said that the increase in the prices of various other crypto assets could not be separated from the influence of the crisis due to the Covid-19 pandemic and the increasing demand in the market.

[Alvida]

The main reason Bitcoin has been pumping in recent months is the growing number of investors in Bitcoin.  As Bitcoin is popular, everyone is making fun of Bitcoin.  So the bitcoin that is growing in this vinegar is pumping. Everyone can benefit if they invest in bitcoin form.  Because Bitcoin is a popular form.

[Dark Knight]

For the past few months now bitcoin have been pumping and I don't know the reason behind the pump pls I will like to know the possible reason behinde bitcoin pump and will it still continue to pump or we should expect a retrace or a dump!!!

I am a new user of crypto currency. So I don't know how Bitcoin is pumped  or even the reason behind it pumped. I am hoping for the opinion of senior members in this regards. l would have benefited  if the seniors had discussed in detail. Thanks.

[Linda78]

We can see that the price of Bitcoin is constantly rising. Especially in 2021, Bitcoin is putting a shelf on cryptocurrency. Bitcoin is the king of cryptocurrency.Here people are getting higher profit from investing a lot. However, it has been observed from time to time that the price of Bitcoin has come down. Cryptocurrency is the rule that one time the price will go up and the other time the price will go down. However Bitcoin will exceed 50 thousand dollars at one time.

[Sharpmax]

There is a lot of criticism about the price of Bitcoin at the moment. There are a lot of questions about why the price of Bitcoin is so high. We can see that the price of Bitcoin is currently at 48156 dollars. We heard a news that a person named Elon musk Many have praised and posted a lot about Bitcoin on his profile which is why the price of Bitcoin has increased so much.

[DAMKAR]

There is a lot of criticism about the price of Bitcoin at the moment. There are a lot of questions about why the price of Bitcoin is so high. We can see that the price of Bitcoin is currently at 48156 dollars. We heard a news that a person named Elon musk Many have praised and posted a lot about Bitcoin on his profile which is why the price of Bitcoin has increased so much.

For now, I think Elon musk and several companies are the main factor why bitcoin pump. I hope It will not temporary. I hope bitcoin will more popular and the bitcoin price will increase day by day and touch 50K USD

[Jaya60]

The way the price of Bitcoin is pumping, maybe 50,000 dollars in a few days, After crossing 50,000 dollars. I think it won't take long for Bitcoin to cross 70,000 dollars. And by 2021, the price of Bitcoin will definitely exceed 70,000 dollars.

[Chiblex]

the main reason is that the holders of large companies have entered into bitcoin, and also the richest people in the world buy bitcoin, making bitcoin price increase quite rapidly... the encouragement of the community below them to keep up with what their superiors are doing...

[emmybd]

For the past few months now bitcoin have been pumping and I don't know the reason behind the pump pls I will like to know the possible reason behinde bitcoin pump and will it still continue to pump or we should expect a retrace or a dump!!!

I believe Covid - 19 has certainly played a big role in the growing interest of bitcoin. As there is no physical contact involved. you don't have to go to the banks or ATMs to cash out. If you are not very careful, then there is a growing risk of spreading coronavirus with paper money. So, people all over the world, big companies, and financial institutions have started realizing the importance of bitcoin.

[ayatoslaw]

the main reason is that the holders of large companies have entered into bitcoin, and also the richest people in the world buy bitcoin, making bitcoin price increase quite rapidly... the encouragement of the community below them to keep up with what their superiors are doing...

I agree, if based on fundamentals bitcoin price goes up because many big companies like Tesla, Amazon, Twitter and mastercard are trying to buy and/or use crypto as a payment method.
and if based on technical analysis, the bullish trend of bitcoin is very strong in the big time frame, so it's no wonder that the price of bitcoin has gone up very high until today.