Why is Bitcoin Pumping?

[lionheart78]

Is it possible that a weakening Dollar would translate into the opposite reaction of a soaring Bitcoin because right now USD prices are down.. because of tarrifs and less demand for the currency which is weakening it...

Probably more investor confidence in crypto currencies as traditional assets/stocks are losing value because of the politics going on and investors are avoiding the uncertainty.

It is highly possible, that when the value of dollar is weakening, people who hold it tend to look for an alternative and transfer their funds on it to preserve the financial value of their money.  With dollar keeping on depreciating, seeing Bitcoin value soaring is very tempting to those who want to preserve their wealth, so it is really possible that this is one of the reasons why Bitcoin is getting more attention from the higher society and institutions is taking advantage on it by creating ETFs and other services that cater the advantages of Bitcoin over fiat currency.

[virasog]

Is it possible that a weakening Dollar would translate into the opposite reaction of a soaring Bitcoin because right now USD prices are down.. because of tarrifs and less demand for the currency which is weakening it...

Probably more investor confidence in crypto currencies as traditional assets/stocks are losing value because of the politics going on and investors are avoiding the uncertainty.

It is highly possible, that when the value of dollar is weakening, people who hold it tend to look for an alternative and transfer their funds on it to preserve the financial value of their money.  With dollar keeping on depreciating, seeing Bitcoin value soaring is very tempting to those who want to preserve their wealth, so it is really possible that this is one of the reasons why Bitcoin is getting more attention from the higher society and institutions is taking advantage on it by creating ETFs and other services that cater the advantages of Bitcoin over fiat currency.

That is the reason that when DXY dumps the bitcoin usually pumps but the weakening of the dollar is not the only reason for the bitcoin pump. It is the overall global macroeconomic situation that tends to drive the price of bitcoin and also the stock markets. That is the reason why we see dumps during war or tariff news as the bitcoin needs favourable market conditions to pump and when there are uncertainties the bitcoin usually dumps.

Another thing is to keep an close eye on is the interest rates. When interest rates are higher, people usually prefer to keep their money in the bank and earn interest on it. However, when interest rates are lower, investors tend to prefer investing in Bitcoin and also in stocks.

[Odusko]

Alot of positive news, new wave of Bitcoin ETF buy in and so much more made Bitcoin to pump in Price, and for sure we can say that we are just at the beginning of the new market trends and anyone that aim at long term Bitcoin investment, it make much sense to keep holding on to your Bitcoin to avoid exiting the market too early, unless if in case of emergency.

[GigaBit]

When there is positive news about Bitcoin in the market, the market is seen to be somewhat positive, and when there is negative news in the market, the market is seen to be somewhat down, but all this depends on the investment of the investor. Now, if a big company starts buying Bitcoin with a large amount of money, then the price of Bitcoin will gradually increase, and when this news spreads that this big company has invested in Bitcoin with such a large amount of money, then in their presence, the ordinary investors who are there will invest with more money, and this will gradually see the market rising higher. However, the market will not always be positive, along with the increase, dumping is also seen in the market at times, but that should be considered as a normal behavior in the market.

News is constantly being created about the Bitcoin market. Depending on this news, the market sometimes becomes positive or sometimes negative. When the market is positive, the price of Bitcoin naturally rises, and when negative news comes, there is a downward situation. However, for those who have gained a good understanding of Bitcoin, it is never possible to change their goals with one news. Moreover, various rumors are constantly emerging about this market worldwide, which is why if you plan to hold it for the long term instead of worrying about its temporary pump or dump, there can be an opportunity to make profit.

[STT]

Its not pumping now its going sideways and possibly its finding support, this could mean a decline until good support is found.   It cannot be that the 50 day average is support yet that is whats marking the recent lows, so BTC price is falsely high at the moment.  I'd expect it to resolve downwards even if we do so sharply, it could be positive in the end once genuine support has been found.
   I would estimate the weekly closing lows of late last year are possible and normal to explore now before later moving higher.   In any case even if we do manage to go up from here, BTC isnt in a bullish phase or under the power of a regular trend just right now.

[Sticky Bomb]

there always has been desire to buy coin over $110k-$400k but the price has been artificially held down by whales so they can force the purchases to stay cheap..
and when they decided to release the walls. the markets get to move freely and actually move in response to buyers demand

its not a sudden influx of new buyers going FOMO due to recent stuff that made them only just learn about bitcoin
it actually normal buyers paying on the market at a now open going rate without the suppression of market movement
..

what you will see is whales slowly do stepping stones.. of releasing the walls, letting the price move naturally up, then put the walls back up to hold prices at a level for a while

I think the last time the markets were really free for a longer time was when Trump won the presidency and buyers jumped in to secure bitcoin for themselves based on their belief that he is going to favor bitcoin. The markets saw a natural boost in price as people made purchases without much artificial manipulations of the markets by the whales.

I believe it when you say the whales suppress the markets and release it at intervals. I believe they do this either directly, or triggering a perception, just like Blackrock moving thousands of BTC into Coinbase which triggered a negative perception in investors and some started selling their coins thinking BlackRock wanted to begin selling.

[Ultegra134]

Its not pumping now its going sideways and possibly its finding support, this could mean a decline until good support is found.   It cannot be that the 50 day average is support yet that is whats marking the recent lows, so BTC price is falsely high at the moment.  I'd expect it to resolve downwards even if we do so sharply, it could be positive in the end once genuine support has been found.
   I would estimate the weekly closing lows of late last year are possible and normal to explore now before later moving higher.   In any case even if we do manage to go up from here, BTC isnt in a bullish phase or under the power of a regular trend just right now.

The topic was posted on May, Bitcoin is no longer pumping due to the raising tensions in the middle east. The recent attack from Israel towards Iran and them striking back has sparked a global downfall in the markets. We shouldn't expect much from Bitcoin either, if the situation isn't settled, oil prices are already rising, two days after the attack (even in gas stations, talk about profiteering). I don't believe it's going to cause a third world war, even though it's always a possibility, but the situation needs to be set under control,  don't expect much from the market before then.

[laijsica]

Its not pumping now its going sideways and possibly its finding support, this could mean a decline until good support is found.   It cannot be that the 50 day average is support yet that is whats marking the recent lows, so BTC price is falsely high at the moment.  I'd expect it to resolve downwards even if we do so sharply, it could be positive in the end once genuine support has been found.
   I would estimate the weekly closing lows of late last year are possible and normal to explore now before later moving higher.   In any case even if we do manage to go up from here, BTC isnt in a bullish phase or under the power of a regular trend just right now.

The topic was posted on May, Bitcoin is no longer pumping due to the raising tensions in the middle east. The recent attack from Israel towards Iran and them striking back has sparked a global downfall in the markets. We shouldn't expect much from Bitcoin either, if the situation isn't settled, oil prices are already rising, two days after the attack (even in gas stations, talk about profiteering). I don't believe it's going to cause a third world war, even though it's always a possibility, but the situation needs to be set under control,  don't expect much from the market before then.

The world will naturally experience pressure on the economy for various reasons but every activity will continue. Bitcoin volatility is at its core amid the negative impact on the global economy from the oil market situation resulting from instability in the Middle East. The mutual hostility between Iran and Israel has been going on for many years, with many geopolitical issues involved. Despite religious and nuclear issues, America main objective is to reduce China and Russia dominance over the Middle East. The negative ripple effects of war can be felt in every area but I don't think it will be long-term. 

Bitcoin price situation was in a downward trend, but it has now rebounded and is showing a higher price. In the context of the Third World War, you should remain calm rather than take risks to ensure your personal financial security. In reality, the influence that exists in the capital market will also be restore in future.

[free-bit.co.in]

Its not pumping now its going sideways and possibly its finding support, this could mean a decline until good support is found.   It cannot be that the 50 day average is support yet that is whats marking the recent lows, so BTC price is falsely high at the moment.  I'd expect it to resolve downwards even if we do so sharply, it could be positive in the end once genuine support has been found.
   I would estimate the weekly closing lows of late last year are possible and normal to explore now before later moving higher.   In any case even if we do manage to go up from here, BTC isnt in a bullish phase or under the power of a regular trend just right now.

BTC has been bumping near fifty-day average, I can see a golden cross signal on various indicators. MACD, RSI all are hinting at bullish potential. Also narrowing spread between price and the 50 day suggests momentum is cooling here. A corrective pullback might happen at any time. We are facing multiple retests between 100K & 110K ranges cause the next rally is gearing up at this level. So yes, sideways near term, however, that build-up might quietly set the stage for a bigger move.

[babo]

the reasons are really very simple, if we look at the black circles we see selloffs similar to those of 2020
so this is definitely a sign that we are probably not in a bullish phase yet
I thought we were reaching 120k as ath, maybe I'm wrong
i dont understand this new pattern

[coolcoinz]

It's pumping because of strong demand, low amount of btc on exchanges, MSTR still buying, and so on.
There will be dumps, that's a fact you have to be ready for, but eventually bitcoin is going to go back up. In the long run it's always going to be worth more because it's such a game-changing invention.

IMO you have to be completely ignorant to not own any bitcoin nor plan to buy it in the near future.

That said, with the war brewing in the Middle East, one would expect stocks to go down and drag bitcoin along, just like in 2020 during covid, but we're seeing something else.

[_BlackStar]

For daily TF - bitcoin has broken through resistance at $108K now, next is a breakout of resistance at $110K. I think the potential for a breakout of resistance at $110K is very big - but the double top pattern that formed earlier is still the reason why some people are hesitant. I really hope bitcoin can maintain its price above $108K until the market closes today - thus, resistance at $110K seems likely to be broken next day.

[babo]

It's pumping because of strong demand, low amount of btc on exchanges, MSTR still buying, and so on.
There will be dumps, that's a fact you have to be ready for, but eventually bitcoin is going to go back up. In the long run it's always going to be worth more because it's such a game-changing invention.

IMO you have to be completely ignorant to not own any bitcoin nor plan to buy it in the near future.

That said, with the war brewing in the Middle East, one would expect stocks to go down and drag bitcoin along, just like in 2020 during covid, but we're seeing something else.

also also, certainly one of the main reasons for this four-year period is the fact that more institutional people want bitcoin as a strategic reserve
this certainly helps the question a lot
then on the supply side we had, after four years with the halving, a halving, and this also counts
supply decreases, demand increases.. price goes up.

[Fuso.hp]

The market is now an exception to other times, before when a country in the world was involved in a war, it was seen that the price of Bitcoin was dumping, but now there is a terrible war between Israel and Iran and a few days ago the war between India and Pakistan ended, but still the price of Bitcoin is positive and Bitcoin continues to increase its value. The way the market is changing every moment, it seems that the Bitcoin market may not take much time to touch $ 150,000. However, since anything can happen in the crypto market, we have nothing to do but wait and follow the market movement. I have now made a positive comment about the Bitcoin market, but instead of being positive, the market may be negative. In other words, I think everything in the market depends on investors and good and bad news in the market.

[Ojima-ojo]

Before the current correction Bitcoin have pumped significantly and for sure the reason is because the demand for Bitcoin is on the increase and both institutional and private heavy Bitcoin purchases are along going and this will definitely be a contributor to the extent at which Bitcoin have come so far.


Most of the time Bitcoin answers to market forces, that is when the demand increases, Bitcoin Price tend to increase because of scarcity of Bitcoin at that time.

[Leahized]

Before the current correction Bitcoin have pumped significantly and for sure the reason is because the demand for Bitcoin is on the increase and both institutional and private heavy Bitcoin purchases are along going and this will definitely be a contributor to the extent at which Bitcoin have come so far.

Most of the time Bitcoin answers to market forces, that is when the demand increases, Bitcoin Price tend to increase because of scarcity of Bitcoin at that time.

Yes, that's right, Bitcoin prices increase due to the huge demand for Bitcoin but the market is currently towards the decline despite the high demand. This is basically because of the war, but the market we can see quite a stable situation. Bitcoin Market we will see again when a person like Saylor holds Bitcoin every day and BTC Buy a new BTC. But now I think the price of Bitcoin will go to the downturn because those who were Bitcoin holders in Iran or Israel will sell Bitcoin and convert it into a FIAT coin. The minimum we will see in 102k .

[Swordsoffreedom]

Before the current correction Bitcoin have pumped significantly and for sure the reason is because the demand for Bitcoin is on the increase and both institutional and private heavy Bitcoin purchases are along going and this will definitely be a contributor to the extent at which Bitcoin have come so far.


Most of the time Bitcoin answers to market forces, that is when the demand increases, Bitcoin Price tend to increase because of scarcity of Bitcoin at that time.

I agree that the price of bitcoin or other assets increases largely due to supply and demand but don't forget that in financial markets. Prices are not only determined by supply and demand but many other factors such as manipulation, macroeconomic and political factors will also impact the market. That is why sometimes we end a day or a week with positive money flow with billions of dollars flowing into the market from bitcoin ETFs but bitcoin is still dumped or not rising.

[Awaklara]

Yes, that's right, Bitcoin prices increase due to the huge demand for Bitcoin but the market is currently towards the decline despite the high demand. This is basically because of the war, but the market we can see quite a stable situation. Bitcoin Market we will see again when a person like Saylor holds Bitcoin every day and BTC Buy a new BTC. But now I think the price of Bitcoin will go to the downturn because those who were Bitcoin holders in Iran or Israel will sell Bitcoin and convert it into a FIAT coin. The minimum we will see in 102k .

If the war does not involve more countries, likely, the Bitcoin market situation will not be affected significantly. It is possible that, for the current situation, we will still see Bitcoin quite strong at $100k. The duration of the war will also affect the world market situation. A decline may be inevitable if the war lasts longer. After the crisis is over and the situation becomes conducive, the market will gradually strengthen. Likewise, Bitcoin adoption is very likely to increase. Many people are still waiting for the price to drop because they want to buy.

[SATWAT]

Yes, that's right, Bitcoin prices increase due to the huge demand for Bitcoin but the market is currently towards the decline despite the high demand. This is basically because of the war, but the market we can see quite a stable situation. Bitcoin Market we will see again when a person like Saylor holds Bitcoin every day and BTC Buy a new BTC. But now I think the price of Bitcoin will go to the downturn because those who were Bitcoin holders in Iran or Israel will sell Bitcoin and convert it into a FIAT coin. The minimum we will see in 102k .

If the war does not involve more countries, likely, the Bitcoin market situation will not be affected significantly. It is possible that, for the current situation, we will still see Bitcoin quite strong at $100k. The duration of the war will also affect the world market situation. A decline may be inevitable if the war lasts longer. After the crisis is over and the situation becomes conducive, the market will gradually strengthen. Likewise, Bitcoin adoption is very likely to increase. Many people are still waiting for the price to drop because they want to buy.

Currently, I am also feeling like this if this war is having no involvement from other countries than surely this is going to be stayed stable around $104K but as news are coming things are going to be had some big changes and this is also going to hurt bitcoin.
After some shocks in last year now things are getting better with demand is also increasing which is good sign for price staying on good level, but problems like this surely going to hurt investors confidence.
Adoption is already on new level while things are also favoring for having some better news, but few are also waiting for having more decrease in price which allow them to have bought on lowest level, but this current price is also good for buying because most chances this could be jumped big if situation will be gone on peace.