Cause of bitcoin price pump!!!

[0t3p0t]

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 behind bitcoin pump and will it still continue to pump or we should expect a retrace or a dump!!!

The current situation wherein popular companies, institutions and individual invested billions of dollars in Bitcoin what makes the FOMO and that makes the pump. Adoption is also rising so no doubt for a skyrocket. For me it will continue to pump unless these whales don't make any move to create FUD to fill their bags again for a cheaper price.

[Altcoin1998$]

Recently Elon musk profile bio #(hastage) Bitcoin pumping the market. But another big advantage is the tesla acceptance of bitcoin and cryptocurrencies helps to price halving.

[Triedboy]

Recently Elon musk profile bio #(hastage) Bitcoin pumping the market. But another big advantage is the tesla acceptance of bitcoin and cryptocurrencies helps to price halving.

Yeah Al that sounds pretty crap to me, Looks like Elon Musk just tweeted the hashtag on his Twitter page. He commented that not only Bitcoin but also a couple of other coins have become more expensive now. I think Elon Musk has an endless role to play in raising the bitcoin price.

[trauchot]

Recently, there has been a lot of positive news about cryptocurrencies and of course about bitcoin, for example, that Elon Musk and Tesla invested 1.5$ billion in bitcoin, or for example, the oldest bank in America will soon start working with cryptocurrencies, and there are a lot of such news lately, and that's why the price of bitcoin is growing so quickly.

[Power420]

The current Bitcoin price is 47,162 dollar.  The price of Bitcoin has been rising very fast for some time now. If the price of Bitcoin continues to rise, then the price of Bitcoin is likely to reach 70,000 dollar in a few days.

[Tnoy30]

The value of Bitcoin is constantly rising. Currently the CEO of Tesla supports Bitcoin the most for the day. For example, the transaction on Elon musk paypal has started long ago. The current trend of transactions continues. So there are good reasons to increase the price of Bitcoin. This is how the price of Bitcoin will gain popularity.

[Doctor]

The value of Bitcoin is constantly rising. Currently the CEO of Tesla supports Bitcoin the most for the day. For example, the transaction on Elon musk paypal has started long ago. The current trend of transactions continues. So there are good reasons to increase the price of Bitcoin. This is how the price of Bitcoin will gain popularity.

Yes, I see bitcoin is still gaining popularity now. Many investors and companies already invested in bitcoin. I think It is good sign bitcoin will have promising future. The famous people , Tesla owner Elon musk also invested in bitcoin.

[SkyRocket]

The current Bitcoin price is 47,162 dollar.  The price of Bitcoin has been rising very fast for some time now. If the price of Bitcoin continues to rise, then the price of Bitcoin is likely to reach 70,000 dollar in a few days.

I think it's too quick to say if the BTC will go up from $ 47k to $ 70k in a few days ... maybe it could be a few months but still this year it will cost up to $ 50k in my opinion...

[yohananaomi]

The current Bitcoin price is 47,162 dollar.  The price of Bitcoin has been rising very fast for some time now. If the price of Bitcoin continues to rise, then the price of Bitcoin is likely to reach 70,000 dollar in a few days.

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it can happen or may not happen, because now it is difficult to determine the movement of bitcoin that can change quickly.
but if to reach $ 70K it could be but not for this month.

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I think it's too quick to say if the BTC will go up from $ 47k to $ 70k in a few days ... maybe it could be a few months but still this year it will cost up to $ 50k in my opinion...

[/size]

what you say may be more realistic than the above colleague who determine in just a few days, indeed there is an increase that will obviously occur but the timing is unpredictable.

[SkyRocket]

@yohananaomi Therefore, I think it is impossible in a few days to see bitcoin still in a stable movement, but it could be that if a lot of big investors come in and they buy up bitcoin, the price can go up quickly. but predictions can be wrong and could be right .. let's just wait how will happen. there are so many factors that can affect the price of bitcoin.

[dekafee79]

@yohananaomi Therefore, I think it is impossible in a few days to see bitcoin still in a stable movement, but it could be that if a lot of big investors come in and they buy up bitcoin, the price can go up quickly. but predictions can be wrong and could be right .. let's just wait how will happen. there are so many factors that can affect the price of bitcoin.

I don't think the bitcoin price will stable, because It is decentralized platform. Crypto currencies are always on high demand.  So, don't imagine about stability of the price. Because investors and traders get profit from price gaps.

[ashraf786100]

The increase in bitcoin is the main reason why bitcoin is in high demand. Elon Musk has bought 1.5 billion. That's really nice. It will have a good effect, But prices are likely to rise in the future.

[Stuart]

Since the crypto space got the interest of investor around the world over the years, and having seen the dump in the price of bitcoin, knowing that bitcoin will rise again, started making their investments with fomo when the price will increase. Right now, with the big investment of Tesla into the system made gave bitcoin ATH, and this gave profits to investors who are in, getting the interest of those yet to come into the system.
Before, whales control the price of bitcoin, now investor and big institutions are in the space.

[Azaleea]

Since the crypto space got the interest of investor around the world over the years, and having seen the dump in the price of bitcoin, knowing that bitcoin will rise again, started making their investments with fomo when the price will increase. Right now, with the big investment of Tesla into the system made gave bitcoin ATH, and this gave profits to investors who are in, getting the interest of those yet to come into the system.
Before, whales control the price of bitcoin, now investor and big institutions are in the space.

Yes, right. The new era of bitcoin looks like it's just beginning. Companies and other institutional investors are starting to play their part so as to spur significant growth. This is a new era that many people have been waiting for. Hopefully it can last long.

[SkyRocket]

I don't think the bitcoin price will stable, because It is decentralized platform. Crypto currencies are always on high demand.  So, don't imagine about stability of the price. Because investors and traders get profit from price gaps.

I mean is if the movement of bitcoin fluctuates slowly, there will be no very high price jumps .. like in 2018 to 2020 the movement of bitcoin is very slowly ... unlike today, the ups and downs of bitcoin prices are very drastic.