Bitcoin in Rocket 🚀 mood.

[Wiwo]

The Bitcoin market witnessed an intermittent price rocket movement in the early hours of today as Bitcoin price was standing at $37k at the early hours of Friday but jumped to $40,300 towards the late hours of today this is a movement that surpassed our expectations.

Source of the chart: https://coinmarketcap.com/currencies/bitcoin/
With so much good news around Bitcoin from various countries around the world adopting Bitcoin after El Salvador made the first move Bitcoin is in another phase for mainstream operation.

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[kentrolla]

This is indeed great leap after a while but too early to comment on possible bitcoin rally unless it stays above $40k for a while because the last time I saw posts in this forum they were saying the same thing when bitcoin crossed $38k two days ago only to be dropped back to $36k.

But right bitcoin might gain some momentum as this pump has become mainstream and may pool in more investments from the users who will invest in FOMO due to the following news which indirectly predicts a further bullrun.

https://www.aljazeera.com/amp/economy/2022/2/4/bitcoin-jumps-10-climbs-past-40000-for-first-time-in-2-weeks

https://www.coindesk.com/markets/2022/02/04/bitcoin-tops-40k-for-first-time-in-2-weeks/?outputType=amp

https://news.bitcoin.com/technical-analysis-bitcoin-hits-40000-as-leo-leads-friday-rally/

[batang_bitcoin]

Do you think that this skyrocket has something to do with Facebook's(Meta) massive drop? It could be the whales from there that have taken their share moved some of their wealth into bitcoin. I'm only thinking that it's one of the reasons on what we're seeing right now and it's my just mere opinion about the recent pump. It's likely that it will eventually hit back $41k.

[Ararbermas]

I believe bitcoin is ready to go for another bull run. Because to be honest it's been how many day now that bitcoin really showing sign despite of the current situation wherein along with other alts in the market. and this time the percentage of it seems different. i mean there's a big improvement since the day it shows green. probably whales is keep accumulating at this moment and at the same time a sign that soon or later bitcoin will gonna skyrocketed.

[Questat]

I believe bitcoin is ready to go for another bull run. Because to be honest it's been how many day now that bitcoin really showing sign despite of the current situation wherein along with other alts in the market. and this time the percentage of it seems different. i mean there's a big improvement since the day it shows green. probably whales is keep accumulating at this moment .

Let's see if bitcoin will remain on the uptrend for at least a week, it's hard to decide only based on a 24 hours performance. I'm also surprised with what I'm seeing now, but knowing how volatile the market is, I can't be too confident that the bullish mode is already back.

[Accardo]

I think the increment of employees in American has helped the price of bitcoin. Recently, Biden made a tweet for uplifting the rate of employments in America and It's recorded as the highest rate of employment in One year in the history of America. The bitcoin market had to adapt to the recent change in the global economy and it's something that should stipulate the price of bitcoin.

Read Source

[Kelvinid]

I think the increment of employees in American has helped the price of bitcoin. Recently, Biden made a tweet for uplifting the rate of employments in America and It's recorded as the highest rate of employment in One year in the history of America. The bitcoin market had to adapt to the recent change in the global economy and it's something that should stipulate the price of bitcoin.

Read Source

Just maybe and it can possibly there is another reason behind this surprise spike. But honestly, I was happy to see this and got lucky that I bought some of BTC's yesterday.

Anyways, this is really what we wanted and we got it now. But of course, we can't just be confident enough to see this, that unless if the momentum keeps for at least a week. I don't want to make myself excited about the current situation, I just trying to calm down and watch the market move high continuously. I hope that it meant to be.

[dothebeats]

I don't really think that bitcoin is really in the verge of making a breakout move. It sits pretty well on the $40k range though there aren't any indications that it can go past beyond that. Volumes have been pretty good across all exchanges, but there haven't been any significant movements or any other significant buy volumes that popped up.

I'd wait for it to cross $45k where the first resistance levels are placed before I consider it a breakout.

[24Kt]

I think the increment of employees in American has helped the price of bitcoin. Recently, Biden made a tweet for uplifting the rate of employments in America and It's recorded as the highest rate of employment in One year in the history of America. The bitcoin market had to adapt to the recent change in the global economy and it's something that should stipulate the price of bitcoin.

Read Source

Just maybe and it can possibly there is another reason behind this surprise spike. But honestly, I was happy to see this and got lucky that I bought some of BTC's yesterday.

Anyways, this is really what we wanted and we got it now. But of course, we can't just be confident enough to see this, that unless if the momentum keeps for at least a week. I don't want to make myself excited about the current situation, I just trying to calm down and watch the market move high continuously. I hope that it meant to be.

I believe an institution bought big amount of btc though we may not know this yet. This will only disclosed after few months or so. With the sentiments going positive, people are now in good vibes again so if this will continue, 45k is very easy to achieve. We will see how the market will behave this weekend. For those who bought it around 33-34k, that's already a handsome profit that you can get if you will sell at the current market price.

[Oceat]

Finally, a good pump after a bloodbath weeks but I don't know what triggers this pump yet. I hope people don't panic too much from it again and they should just hodl if they aren't sure about their investment yet. They should have a price target before they consider to sell their Bitcoin. In times like this I think I am not the only one thinking that this is a trap or something but the pump is way too good though so I think there's a FOMO from institutional investors although we don't know yet who it was.

I think it's time for Bitcoin to make a move and stop the panic or break another ATH.

[Taskford]

Cannot be called a skyrocket yet since the added value is low only but still we can call it a good milestone achieve by bitcoin since eventhough fear has great factor rotating among traders today it still manage to pump up at that figures. Hopefully this is not a bull trap and this pump will continue so chill out for a while guys and let see what will happen next to it.

[Uang_kartal]

  Again and again pump with beautiful movements, currently at a price of $ 40755 in this 1 hour candle period, there are so many transactions between buying and selling but there will be a reversal, a breakout that is quite capable. I believe it will gradually and be fine. For sure this will come back for Ath his krjaya is even more. Let's see it together

 source chart



  Other than that news (bitcoin adopting countries) hopefully not affected by news of theft and laundering of other assets that are fundamentally affected, hopefully bitcoin's glory returns again
 Go $ 50.000 in this week in the past few weeks

[Peanutswar]

We now see that the bitcoin surpass the change of order and attempting again to see the price of the 45k USD again still we need to take more focus on the price because it does not respect it gives a long candle straight for sure this day will now need to focus to the unfilled orders but let's see what will happen if the new support beat. It's a good thing because there's hope again that we will reach the 100k another ATH let's wait for the price movement.

[Bitstar_coin]

We now see that the bitcoin surpass the change of order and attempting again to see the price of the 45k USD again still we need to take more focus on the price because it does not respect it gives a long candle straight for sure this day will now need to focus to the unfilled orders but let's see what will happen if the new support beat. It's a good thing because there's hope again that we will reach the 100k another ATH let's wait for the price movement.

There is always hope with btc only that people were too emotional about the news and make the wrong decision by selling, from 37k to 41k within 24hrs is showing us the strength of btc and it really call pull a surprise when you list expect,
Nothing can match btc performance, no similar assets can give such an amount in that time frame, btc will always come back from any fud or pressure, I think 2022 will be a great year.

[antmex]

After testing support and resistance it goes up 13%. https://de.tradingview.com/x/tSV1RQb4
So far so good but take attention that this is an bigger resistance now. Be careful

[pawanjain]

The Bitcoin market witnessed an intermittent price rocket movement in the early hours of today as Bitcoin price was standing at $37k at the early hours of Friday but jumped to $40,300 towards the late hours of today this is a movement that surpassed our expectations.

Source of the chart: https://coinmarketcap.com/currencies/bitcoin/
With so much good news around Bitcoin from various countries around the world adopting Bitcoin after El Salvador made the first move Bitcoin is in another phase for mainstream operation.

Which good news are you talking about ? I don't think that countries adopting bitcoin is the trigger for the current upwards price swing.
I think its the tech stocks that are seeing a current price dump which is triggering a price jump in bitcoin.
May be its having an inverse effect and people are shifting their money from tech stocks to cryptocurrencies.
Alsp, bitcoin was bound to increase in price and may be facebook plunge acted as a catalyst to serve this need.

[The Cryptovator]

Not rocket yet, I will say rocket once it move above $50K. The main reason I am assuming investors moving to Bitcoin and leaving some other stock investment. I have seen a couple of companies whose stock price has been dumped hard like Meta. So most probably that investors decide to invest in Bitcoin since the price of Bitcoin was lower. That's what I believe, however no matter the reason for the pump, we need it.

[Baofeng]

Not rocket yet, I will say rocket once it move above $50K. The main reason I am assuming investors moving to Bitcoin and leaving some other stock investment. I have seen a couple of companies whose stock price has been dumped hard like Meta. So most probably that investors decide to invest in Bitcoin since the price of Bitcoin was lower. That's what I believe, however no matter the reason for the pump, we need it.

Yes, that is the next big psychological barrier that we have to break again, $50k.

So I wouldn't say that we are in a rocket or going to the moon, it's too early, we've lost so much ground last December that we have to cover for that. At least going to $48k might be the logical target and then $50k. So we will see if this spike will continue, it might slow down a bit though this weekend. But at the start of the second week of this month will be the exciting part for us so let's see how it will pan out.

[Jawhead999]

Bitcoin is skyrocketing? Not yet.

The 10% price increase is normal due to 24 hours volatility, IMO until it above 25% can be said is skyrocketing. Sudden increase doesn't always need a good news behind it, similar like price decrease doesn't always have a bad news. Don't forget on 2018, before Bitcoin is crashes it's followed by small pump. I'm just hoping history isn't repeating this year.

[michellee]

I guess bitcoin is still in the recovery phase from the last dips and although the price looks down and up many times, it will increase at the right time. Maybe this time, bitcoin is getting stronger as the price can go back to $41k so the chance to see the price reach $45k will still be there and hopefully, that will happen this month. But bitcoin is still far away from achieving $69k as the gap is bigger and we do not know when it will reach that price, but it will reach more than that for the long term. This first week of this month brings a new hope to us to see the price increase in the next weeks, but we should still be careful because we may see many corrections coming after this.