Cause of bitcoin price pump!!!

[Arkann]

I believe that large companies with a worldwide reputation are influenced very strongly by the pricing of cryptocurrencies, If they invest huge capital in Bitcoin. I believe that the capital of such companies is much better than institutional capital.

[vegasus]

Bitcoin price was already pumped many times in the last few months. And I think it continues to increase or be pumped again. If you checked the current market price, Bitcoin value is already increasing again today. Looks like Bitcoin is trying to go above $60K again and try to survive above $60K.

[Mahindra]

Bitcoin prices are already pumping heavily into the cryptocurrency market. Especially since the end of 2020, in 2021, the price of Bitcoin has increased the most. Bitcoin is currently the most popular country in the world. Currently the price of Bitcoin has gone close to 60k. I think by 2021, the price of Bitcoin could exceed 70k dollar to 80k dollar Crossed.

[sair786]

I believe that large companies with a worldwide reputation are influenced very strongly by the pricing of cryptocurrencies I am sure, bitcoin will pump again. I am sure at the end of this year it will reach its highest price position.

[gargamel]

Btc is in the safe zone for now. There has been a serious boost for 56k btc. If bad news did not come, the first target would be 66k. As soon as the 66k target is reached, there will be 73k targets.

[rizqillah]

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 think pandemic covid19 has good effect to bitcoin..Bitcoin is high demand now. I think It is good for crypto market. I think It is the reason why many people already invested in bitcoin and altcoins..

[aiviaa485]

Lots of investors and large companies are willing to buy Bitcoin and everyone who buys Bitcoin in retail is also starting to hold Bitcoin.
All because of this Bitcoin asset is very valuable and its supply is getting less and less in the future. But, from 2009 until now the price of Bitcoin has continued to rise.
Humans in the world are more than 7 Billion and Bitcoin was only created 21,000,000, in other words this will be a struggle and Bitcoin will continue to rise in price. Believe me , Bitcoin will to the Moon !

[Rds3b]

This is the rule of cryptocurrency to fluctuate the market. Because if the market is not upside down, the market will not survive. It will be seen that one time the price will be pumping and the other time it will be dumping. That is why you cannot be disappointed with patience Success is possible only if we work hard. Bitcoin will now remain in the pumping position.

[ExtraPoint]

It is not possible for anyone to say what happens in the cryptocurrency market.There are many types of coins in cryptocurrency.The most well-known coin is Bitcoin.Bitcoin prices are rising the most at the present time.However, no one can say exactly why the price of Bitcoin is rising.Elon Musk, the owner of the Tesla company, seems to have added a new dimension to Bitcoin since he tweeted about Bitcoin.The price of Bitcoin has risen the most since he tweeted.

[LUCKMCFLY]

The market is characterized by making its movements based on the influence of whales and emotions, when Elon Musk tweets the market and names Bitcoin or Doge, it produces so many emotions that the people who follow it start buying, that's where it is produce pumps, in these cases social networks become powerful tools to influence investors, traders and especially over emotions.

[Angel jara]

The cryptocurrency market is always up and down. This is a common thing for the cryptocurrency market. The price of bitcoin goes up when there are a lot of bitcoin transactions in the cryptocurrency market.

[AGM]

Now the btc unfortunately dump but from two or three months before the btc price was pump because in that time there are many new investor invest in cryptocurrency and they were looking the btc price rise like goes on the moon .and another reason treaders buy and sell btc for more profit so marketcap stable and green .

[mahadev]

The market is characterized by making its movements based on the influence of whales and emotions, when Elon Musk tweets the market and names Bitcoin or Doge, it produces so many emotions that the people who follow it start buying, that's where it is produce pumps, in these cases social networks become powerful tools to influence investors, traders and especially over emotions.

Yes, I see when famous person has tweeted about crypto , we all see the coin prices go up. But I think It's just good news, the basic factor which affect the price of bitcoin pump, I think because high demand. It's the reason why bitcoin price increases

[I-Bit]

The pump of Bitcoin price should be caused by the big demand for Bitcoin in the market. Especially in the current Bullrun season, many people want to buy Bitcoin because it has a big potential to soar very significantly. Some experts even stated that the price of Bitcoin will go to above $100K this season. The hype of this prediction brings an impact on the crypto market, many people are buying Bitcoin. Because there is an improvement of Bitcoin demand in the market, then the price of Bitcoin increases gradually and continuously.

[Chiblex]

Indeed the biggest influence is the huge amount of information that says bitcoin will go far beyond $100k, and that's what makes a lot of people panic buying bitcoin these days... but trust me that there will be many people trapped because of that information, we are just waiting for that time to come and we can together see what will happen...