3 Key Factors Why Bitcoin Price Exploded to $9.4K Overnight

[sirty143]

3 Key Factors Why Bitcoin Price Exploded to $9.4K Overnight

Bitcoin price has soared from $7,700 to $9,500 in 24 hours, mainly driven by three key factors that triggered the short-term... See more for yourself here.

Your opinion is greatly appreciated.

[Noverteno]

Such events indicate that we should soon expect a good increase in the price of bitcoin and the entire cryptocurrency market. Many understand that the deterioration of the global economic potential due to measures taken to combat the spread of coronavirus and the impending economic crisis will lead to large inflation, and then cryptocurrency can be a worthy way out of this situation in order to avoid depreciating its savings.

[Octoalts]

For me, whatever the reason is that Bitcoin is an asset worth investing. Because the nature of Bitcoin which has fluctuating prices will benefit us. The key is to be patient! 
Every time there is a change in the price of Bitcoin, people always give reasons that might be right or wrong. And don't be too dizzy with that reason, In Cryptocurrency all we have to do is look for profit.
Buy at a cheap time, and sell at a high price.

[Andruha1993]

I personally do not particularly follow why the price of Bitcoin could rise. I just quietly observe the market and I like when the price starts to rise.

[I-Bit]

For me, the reasons is some whales pumped the price to take advantage of halving hype. I don't know why the whales take profits too early but maybe they know well that the upcoming halving won't bring significant increase. So, be careful of something surprising in the near future.

[Tronjal-Tronjol MahaAsyik]

I am very happy to see that the price of btc has gone up positively in a while. But there is a little concern for me because there is a possibility that the positive trend will not last long, because there is a possibility of whales playing behind the scenes.

[greatones]

Clickbait but nice read