Cause of bitcoin price pump!!!

[yashwant]

Bitcoin has grown rapidly in the last few months. If we talk about the price increase, then the price of any item increases with the demand and supply. Then whether it is a physical object or a coin.
When we talk about bitcoin, its supply is fixed and people are aware of its benefits, then its demand increases daily. Hence its price has been rising.

[dodok]

if in my opinion why bitcoin is pumping because bitcoin has a lot of demand so that the supply is decreasing and there is a lot of positive news about bitcoin, maybe that's the reason bitcoin is pumping until when this happens nobody knows.

[Dreamer]

Many people thought Bitcoin will not cross more than $25K in this year, but it crossed that amount very fast than we expected! From there a lot of companies started to invest in Bitcoin 10x because they saw a good opportunity for earning a profit, and they keep pushing the price until today we see more than $55K

[Falcon]

Negative news and fud from different angles about bitcoin investment. Despite from that Bitcoin take off the negative spirits and shows the pump power at any moment. The demand increase. The attraction and interest of the world increase. The last is the investment of whales. Bitcoin price is unstoppable at this moment.

[Freemind]

I agree with @Falcon's opinion. Bad news spread by people, companies and corporations that don't like Bitcoin or cryptocurrencies in general. The funny thing is that now many of those companies are interested in lBitcoin, such as Morgan Stanley, JP Morgan and others. Time has left them in evidence like many other companies, which many experts now call hypocrites.

[dekafee79]

The rapid growth of bitcoin is due not only to investments in it by large institutional investors, but also to a favorable news background. Today the price of bitcoin rose above $44,000 just on rumors of a bitcoin purchase by Tesla.

Yes, that's right. After companies and several famous people already invested in bitcoin, I see bitcoin starting to pump..It is really amazing and good for crypto market . For now the problem is high fee transaction.

[Herry]

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!!!

It is not clear when the crypto market will be pumping or dumping. Bitcoin prices have been rising since last month. Bitcoin prices are currently dumping. Bitcoin has dumped the prices of all the currencies in the crypto market. It cannot be said with certainty that the price of Bitcoin will be pumping again.

[de_prof]

The rapid growth of bitcoin is due not only to investments in it by large institutional investors, but also to a favorable news background. Today the price of bitcoin rose above $44,000 just on rumors of a bitcoin purchase by Tesla.

Yes, that's right. After companies and several famous people already invested in bitcoin, I see bitcoin starting to pump..It is really amazing and good for crypto market . For now the problem is high fee transaction.

Every investors are facing this problem, high fee transaction. But I hope the team will solve this problem. If you asked why bitcoin price pump, I think because bitcoin has high demand now and more popular than last year.

[AllSii]

It is not clear when the crypto market will be pumping or dumping. Bitcoin prices have been rising since last month. Bitcoin prices are currently dumping. Bitcoin has dumped the prices of all the currencies in the crypto market. It cannot be said with certainty that the price of Bitcoin will be pumping again.

Today we saw a correction in the price of bitcoin and we can expect that now the price of BTC in the next few days will exceed the previous high. Such a sharp change in the price led to the liquidation of traders positions for $ 4 billion.

[Tamsialu$$]

The reason why the price of Bitcoin has suddenly pumped up so much may be that there are a lot of investors in Bitcoin. And the big businesses around the world are all investing in Bitcoin. And all the rich people in the world are investing heavily in Bitcoin. This may be the main reason for the increase in bitcoin price.

[sampoerna]

There are some influence why BTC price is increasing and we are going not too much. We can see from the price itself is also infleunced by the good news about Elon Musk tweet, and also another new Bitcoin pump that can really make the exchange

[Quart]

I am sure that the most bullish influence of Bitcoin is the increase of the demand and supply in the market. Moreover many people from stocks and commodity traders or investors are coming into the crypto world during this bullish time. So the demand is really increasing.

[fadl4]

The reason why the price of Bitcoin has suddenly pumped up so much may be that there are a lot of investors in Bitcoin. And the big businesses around the world are all investing in Bitcoin. And all the rich people in the world are investing heavily in Bitcoin. This may be the main reason for the increase in bitcoin price.

Your opinion seems right, because if there are many buyers it will make bitcoin volume increase. But why is bitcoin price dropping nowadays?

[tamango]

Companies are starting to buy bitcoin in large quantities, and this is really new gold, only more convenient and safe, it is much easier to store and impossible to take away! The demand for bitcoin from the institutional side is very high!

[Batch18-19]

I think one of the reasons for the rise in the value of bitcoins is that investors ‌ because if investors hadn't invested in the bitcoin platform, the value of bitcoins would never have risen.So I want to give the credit to the investors for the increase in the value of bitcoin