Bitcoin in Rocket 🚀 mood.

[Reatim]

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.

You cannot call rocketing a 5-7% increase mate, and now even that it is 10% increase for the last 24 hours does not enough to put this as rocket story , though I know this is a high performance after a whole month of dumping .
i don't want to be in bad character here but we must understand that any moment there will be another fall like what we always have since december last year.
but congratulations to those who Made a good earning investing when the price drops low and now recovered 10%.

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[Xinarae*]

The market is rising a lot from the deep but it is difficult to say exactly it will pump because the market is not stable. But those who have invested in the downturn have made some gains the price of bitcoin is likely to rise sharply and it could enter the mainstream trading system. Top investors are investing in it bitcoin will show less volatility than other currencies to reach this price this cryptocurrency has a history of rapid price fluctuations.

[Poker Player]

Of the reasons I have seen for the increase in price, I am not convinced by any of them, maybe this is it:

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.

Anyway, I wouldn't call it skyrocket either, maybe if we had a few sessions like this, yes, but it is logical to express this after the boring market and the failed expectations we have been having lately. It is psychological:

... however no matter the reason for the pump, we need it.

Yes, we needed it.

[Ozero]

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.

In any case, it's nice to see how prices in the cryptocurrency market are going up quite quickly. Bitcoin has now risen in price to $41,633 and ethereum to $3,027 and it looks like the upward trend is continuing. Over the past day, the rise in the price of bitcoin is 11 percent, ethereum 12 percent. Other altcoins also show good price growth. It looks like we are going through a bearish period. Of course, I would like to see how growth will be at the same pace throughout the week. I hope that's how it goes.

[worle1bm]

I think we need to wait a little more to claim it in rocket mood as still the engine ignition is on but once it gained full momentum then you would see the rocket to the moon.The prices have grown to $41k at this time from $38k range which means we have ended the $30k barriers and now we are in 40's range which is positive sign for it's revival but still calm down and don't jump to conclusions until it finally shows some good signs above $45k.

[btc78]

This is another great movement mate for Bitcoin and ofcourse some altcoins , but calling this as rocket mood is over words.

Maybe some sort of Pumping but if this happens consistently in the next days or weeks? with same growing level then yes this may be called rocket mood.

But no matter how small or large the increase yet this is what the market needs now for the in going 1st quarter dump of 2022.

[cryptomaniac_xxx]

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.

Stock market is down, and I'm under the impression that investors are shifting to bitcoin right now that's why the massive increase which is very unusual because it's weekends.

So I would say that we shouldn't be jumping for joy, we will have to see how this spike will go. This might be a bull trap for all we know.

[bounceback]

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.

I also hope the same with you and it looks like today's rise is an early sign of the market entering a bull run because if we look at the chart of the current price movement, bitcoin has been able to break through the main resistance in the $40k area and currently bitcoin continues to struggle to continue experiencing further gains, so if bitcoin is able to hold on to that key resistance area for the next few days, this will certainly allow us to enter a bull run market.

[Tellek Garing]

The bitcoin market is on a whole new level as the price is now 41k which is a good sign of bull return Bitcoin have been on a red trend for the past couple of weeks now but with the latest price recovery 📈 relief has come to most Bitcoin holders.
All through 10% recovery is not that big but again it's better and a signal of what to expect from the market in the weeks ahead.

[darewaller]

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.

Stock market is down, and I'm under the impression that investors are shifting to bitcoin right now that's why the massive increase which is very unusual because it's weekends.

So I would say that we shouldn't be jumping for joy, we will have to see how this spike will go. This might be a bull trap for all we know.

I think this is not the first time that happened but it happens before. When stocks market is down, bitcoin and crypto market will then rise. Maybe you are right with your impressions and maybe this how it works but if they are transferring here, does that mean that they will also sell at a loss?

They have no difference with the panic sellers that we have here in crypto that also sell at loss to transfer to the other investments that they think are safer at the moment just because their current investments are not doing well but we cannot prevent others if they will celebrate this unexpected pump that happen in bitcoin because they also have waited a little longer.

[Chato1977]

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.

not enough to be a rocket mood but we are nearing that as we are heading to 242k anytime soon

https://coinmarketcap.com/currencies/bitcoin/

this means one thing , we will be on the top again this 2nd month of 1st quarter , unless this is another bull trap? hope its not .

The bitcoin market is on a whole new level as the price is now 41k which is a good sign of bull return Bitcoin have been on a red trend for the past couple of weeks now but with the latest price recovery 📈 relief has come to most Bitcoin holders.
All through 10% recovery is not that big but again it's better and a signal of what to expect from the market in the weeks ahead.

how can you call this as new level when we have been in this level many times last year  ?

[bitzizzix]

The recent 10% rise in bitcoin from previous lows which I don't think is a rocket move as it's still far from the previous ATH price and such moves happen frequently and vice versa, and currently bitcoin price is holding at 41k and if bitcoin price doesn't return to 38k- 39k I think there is a possibility of a slow move towards 45k and beyond.
It looks like the recovery process is going to slow down which makes bitcoin price difficult to predict and you have to be patient because bitcoin hikes are bound to happen and it's just a matter of time.

[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.

Stock market is down, and I'm under the impression that investors are shifting to bitcoin right now that's why the massive increase which is very unusual because it's weekends.

So I would say that we shouldn't be jumping for joy, we will have to see how this spike will go. This might be a bull trap for all we know.

Yeah, that's what I'm thinking about. So aside from the drop of FB, there's also the stock that has been down and usually, when the others down, the other should be up.
I'm happy to see how it's going and with the debt of USA going up as well. Investors are putting their money to the best bet that they can and for now, many of them think that it's bitcoin. Hope this continues until it confirms breaking the usual cycle we see.

[LogitechMouse]

Rocket in the short term and TBH, I'm quite surprised that it went higher than $40,000 quicker than what I expected.
Its been 2 weeks since Bitcoin went below $40,000 and I expected that it will go sideways or at least below $35,000 but.... yeah my first prediction is wrong .

Now that we saw Bitcoin go up to $40,000 right now, what it needs is for it to stay above that price but lets not forget that we are in a bear market so there is a chance that this might be a false breakout only. Just be ready because I'm leaning that this is only a false breakout.

[Jating]

I really like the rocket term though, reminds of the the rocket game, lol. But seriously, maybe because we are not seeing a huge jump in the price for the last two months or at least after the all time high in November. So everyone jump in and very excited about seeing the price going up to $41k. I understand that we are animated moved by the price, but I will still be careful, maybe the whales are again manipulating the price and giving us a sense of hope, just saying.

[BuNga_cute]

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.

After a long time Bitcoin was under $40k price, finally Bitcoin is now making us all happy by successfully rising to the price of $41k. Although
the actual increase in Bitcoin is not very significant and is still in the process of recovering, but a small increase like this is needed. At least
it makes the market look positive and gives hope that the bearish trend might end in the near future. I admit that this Bitcoin price increase
cannot be said to have skyrocketed, because the Bitcoin price is still too far from the ATH price. Because we really don't know the cause of
the Bitcoin price increase, it's a good idea to stay vigilant and don't get too excited.
 

[Scripture]

I really like the rocket term though, reminds of the the rocket game, lol. But seriously, maybe because we are not seeing a huge jump in the price for the last two months or at least after the all time high in November. So everyone jump in and very excited about seeing the price going up to $41k. I understand that we are animated moved by the price, but I will still be careful, maybe the whales are again manipulating the price and giving us a sense of hope, just saying.

I can't disagree on this one since whales really knows how to manipulate the market but the price looks more convincing now that we finally back to $40k level and at the price of $41k as of posting. The rocket has been launched the moment he reached the bottom, now we are slowly getting back to the good trend.

Bitcoin did a great job, we survive the downtrend, I'm really optimistic about the new peak and that can happen this year.

[bittraffic]

Come on it does rocket quickly. I just sleep for 6 hours and it's already $41K, that sure a shoot to the moon. We don't even know the reason but I'd take it because the market had shown its bottom as what some forecasters had predicted.

I have not really bought back the BTC I have sold yet but I'm assuming the price will also drop low soon by Feb 8-10.  Hard to see it's going to continue to the moon without other reasons.

[GeorgeJohn]

The bitcoin market is on a whole new level as the price is now 41k which is a good sign of bull return Bitcoin have been on a red trend for the past couple of weeks now but with the latest price recovery 📈 relief has come to most Bitcoin holders.
All through 10% recovery is not that big but again it's better and a signal of what to expect from the market in the weeks ahead.

At least the return of green in cryptocurrency market, have put smile to the faces of investor's,  Bitcoin price which accelerated from thirty six, seven thousand (36-37) approach to forty two thousand currently, i think we are encroaching to bullish market gradually, before the month will end we have to know fully if the market will reach to the estimated prediction of some community user who predicted that Bitcoin price will reach hundred thousand (100k)

[Reid]

$41k now. This is pumping me up. So I suppose we could say our new bottom will be 37k - 40k right? and there's a low chance we will go further down than that. I hope so. I may be a long time holder but I don't want to see it plummet at a point where its a sore in my eyes.
Like what others feel, indeed this is good news even with the altcoin holders as they are now having hopes that their portfolios will go back to a forest like color.