Could this be the reason for the recent rise in Bitcoin price?

[DanWalker]

I would like to mention Some Reasons that might be behind BTC's recent Bullish market sentiments. Recently market is trying to approach the Golden cross that might be a strong reason behind the markets current behavior as i can see more and more liquidation.

• Chinese New Year ended on 22nd Jan
• Because I am Bullish (Kidding)
• US dollar Recent Developments

This is reasonable I will add some more

• positive CPI report released on Jan. 12 by the Bureau of Labor Statistics (BLS) which showed overall inflation for all urban consumers declining by 0.1%.
• The drop in inflation
• cooling U.S. dollar index (DXY)

and the fact this not happen on bitcoin only gold and stock also on rising

After all, the reason I find most plausible for the price of bitcoin to rise is that the world economy is showing signs of recovery after a year of crisis. After 3 weeks of announcing a decrease in CPI, yesterday's PCE also decreased, showing signs of stronger economic recovery. And many people predict that with inflation indicators showing signs of decline, a Fed rate hike of only 0.25% is entirely possible. All news is good for the economy, so it is understandable that the entire financial market is benefiting from that.

[CageMabok]

There have been a lot of theories to make bitcoin go up during this time but I'm really not convinced by any of the news. In my opinion, bitcoin rallies are sometimes normal market movements. Just as we say, there is no forever bull market, so there is no forever bear market either. The economy is showing signs of recovery after a difficult year so the market could benefit from that recovery.

Everything that happens in the market is based on cause and effect so that increases and decreases must be considered normal because this is influenced by certain conditions that can cause increases and decreases. This means that the market always runs on a logical and normal path based on demand and supply that always occurs. Now is the time for improvement and everyone is seeing how far the market can improve this year.

[ivankoh]

Bitcoin isn't doing some magic just because of the random event happened to those aircraft/airport. I can't see any connection to your topic on why the price will move that way.

Great, buddy.  I agree with this point of view.  Bitcoin doesn't need to have a reason for the up/down, it just has a cognitive and cultural significance of value acceptance for the possibility of value belief.  Demand is improved, potential and great trust is created.  Supply / demand is essentially shaped, the influence is only analytical.

[sana54210]

Bitcoin doesn't need to have a reason for the up/down, it just has a cognitive and cultural significance of value acceptance for the possibility of value belief.  Demand is improved, potential and great trust is created.  Supply / demand is essentially shaped, the influence is only analytical.

Bitcoin market is primarily driven by sentiments which is the reason its 4 year cycle is still intact till date. For example, halving event is fixed hence boom of demand is scheduled. When everything is happening as per "expectation" then you may not need a proper reasoning for bear or bull markets.

After the bearish year of 2022, everyone has been expecting a different conditions in 2023, it is happening. Only in extreme conditions, we may have surprising market conditions even not for long run. The overall trend of bitcoin market is predictable due to these; hence, long term hodlers will never get disappointed.

[dansus021]

After all, the reason I find most plausible for the price of bitcoin to rise is that the world economy is showing signs of recovery after a year of crisis. After 3 weeks of announcing a decrease in CPI, yesterday's PCE also decreased, showing signs of stronger economic recovery. And many people predict that with inflation indicators showing signs of decline, a Fed rate hike of only 0.25% is entirely possible. All news is good for the economy, so it is understandable that the entire financial market is benefiting from that.

Yep you was right and we already on the first yearof 4 year cycle "History doesn't predict the future. But this is the history. 4 year cycles so far. " - CZ https://twitter.com/cz_binance/status/1620058528747753473

I think back a couple of year ago bitcoin have nothing to do with US economy  but now bitcoin part of it like stock and other commodities

[Fundamentals Of]

I don't think this is the reason. I think the reason is quite simple. It doesn't have to be controversial or mysterious as if it came from a conspiracy theory. The reason I think is that a stronger buying force has resumed. Bitcoin's price has been cheap for a while. The correction has started at least a year ago already. Everything became worse because of a series of big bankruptcies and unexpected collapse of crypto companies. The entry of a new year has somehow restarted things.

[TravelMug]

I don't think this is the reason. I think the reason is quite simple. It doesn't have to be controversial or mysterious as if it came from a conspiracy theory. The reason I think is that a stronger buying force has resumed. Bitcoin's price has been cheap for a while. The correction has started at least a year ago already. Everything became worse because of a series of big bankruptcies and unexpected collapse of crypto companies. The entry of a new year has somehow restarted things.

Sometimes, we don't need to reason or think more deeply, just be simple and we might understand the reason. Yeah, we can say that the buying force has resumed, the whales and speculators and there are FOMO right now.

I don't think that much that the bitcoin market is going to be affected any any political tensions or anything. Yeah, probably the war in EU but it's about to turn one year and so far the market is still fine.