Bitcoin (BTC) price regained $10,000 Feb. 8 restoring investor confidence just two months after touching a higher low of $6,500 compared to the $3,300 dip in early December 2018.
Bitcoin started the 2020 calendar year just over $7,200 and is now already increased to over $10,100 just 38 days into the 20’s decade.
Data from Coin360 shows BTC/USD put in a sudden rally on Tuesday Feb. 4, gaining more than 1000$ in 4 days and subsequently holding onto support above $10,000.
Bitcoin price bounce back to $10k We could really see the effect of the upcoming halving event. In my opinion, the sudden rise on the price of Bitcoin is because of the investors and holders trying to buy a lot of stock of Bitcoin before the halving, causing a massive decrease in the supply of Bitcoin that could explain why the price of Bitcoin is still gaining momentum and increases its price day by day.
One possible reason is the Bull run. It might already happening.