Bitcoin in Rocket 🚀 mood.

[bhooscream]

Not rocket yet, I will say rocket once it move above $50K.

Agree. The current price improvement isn't that so significant, still doesn't deserve to call 'Rocket'. We are waiting for the Bitcoin price to be back about $50k, then we can say it's Rocket. $33k - $50k, that surely deserves to call as 'Rocket'.

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.

This is good news. Once investors prefer to put their money in crypto investment, especially in Bitcoin, then crypto market probably will recover. Then, good or bad news following the investors' decision will play a big role. If we have good news about crypto in the next few days or months, I believe Bitcoin can easily pass $50k again. But if there is much bad news, investors may move their money to the stock market again, the crypto market to continue experiencing big drops. Be careful!

[uneng]

Bitcoin is supporting 40,000$ range price for two days already. That looks very good, but too early to say if this tendency is going to last longer or not. I would like to see what happens to bitcoin price in a week time period or so to conclude if this is a solid movement or just a common fluctuation that is going to be reverted soon, like we have seen recently during the first weeks of January.
The only thing I'm sure is that everyone should always hold some amount of bitcoin, doesn't matter the scenario. We never know when prices are going to change, so it's better to be prepared for it all the time.

[Taskford]

$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.  

Good to see those figures rolling out but still I will not get hype on such things and keep waiting if we can able to see more pump since its hard to get caught again by another dump. Although I accumulate some at 37k but I'm doubting to add up since we don't know we can continue to see this or not.

[7788bitcoin]

~
Good to see those figures rolling out but still I will not get hype on such things and keep waiting if we can able to see more pump since its hard to get caught again by another dump. Although I accumulate some at 37k but I'm doubting to add up since we don't know we can continue to see this or not.

That is exactly the issue here, it is hard to predict how the market will react and i have no idea why we saw a huge rally in the past couple of days, yet i was hesitant to invest even at $35k and once i saw huge orders coming in then i jumped in to ride the rally and if there is huge selling pressure in the next couple of days, i might book my profit and wait for the market to consolidate.

[michellee]

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.

Indeed. That is what I think as bitcoin can be stable at $41k which is good for us to take profit. This hour, bitcoin has a red candle and hopefully, that does not make the price go down below $41k and still stable at the $41k level. It gives people a chance to buy bitcoin, especially for people who think that they are late to buy bitcoin at below $40k yesterday. But if they think that the price will go down below $40k again, they can still wait and see if the price will move to the price they want. Otherwise, they can test to buy at this price and buy again if the price is down below. Only patience will give them a chance to see bitcoin is at the top price in the next ATH.

[aruldaroy]

I don't think it has skyrocketed maybe if the bitcoin price has moved towards the price of $50k or $55k it might be called skyrocketing.
Maybe this is just the beginning of the bitcoin price reversal, especially if many investors want to buy bitcoin again, I think the bitcoin price will quickly skyrocket again.

[peter0425]

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.

That is really a Good increase as we stayed lowering for weeks and for my surprise ? made a 3-4k growth in just a  day .

but is this really a rocket?  i think it's not mate , maybe if the increase made at least 10,000 dollar price value then we will be heading to rocketing and  i would love to see it happening .

I don't think it has skyrocketed maybe if the bitcoin price has moved towards the price of $50k or $55k it might be called skyrocketing.
Maybe this is just the beginning of the bitcoin price reversal, especially if many investors want to buy bitcoin again, I think the bitcoin price will quickly skyrocket again.

50k in just a this week coming then yes that is the sky rocket .

[btc_angela]

But the rockets seems to stop now and not going up?
And what's what we said, not to be jumpy with those price spike. I get the point that we have trounce the $40k barrier but still a long way to go for us.
Now it's trading sideways and not enough momentum to even to get to $41k because money has been poured already.

[davis196]

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.

Nah,this is just a coincidence.The Meta drop has nothing to do with Bitcoin.
I don't believe that the current Bitcoin price pump is going to be the beginning of a bull run.
It's more like a bull trap or a "dead cat bounce".The price is currently staying at 41K USD,but after several days of staying arounf the 40-41K USD level,it will eventually drop below 40K again.
I guess that some crypto whales pumped the BTC price from 34-36K to 41K,but the impact of this BTC purchase will be short term.
There aren't any good conditions for a new FOMO phase/bull run.Fear will continue to dominate over greed on the crypto markets.

[Wiwo]

But the rockets seems to stop now and not going up?
And what's what we said, not to be jumpy with those price spike. I get the point that we have trounce the $40k barrier but still a long way to go for us.
Now it's trading sideways and not enough momentum to even to get to $41k because money has been poured already.

May be the rocket get stock at $41,600 Bitcoin has been on that price for the past 48 hours who are in a more stable position at the list it not dropping as we saw in the last couple of weeks back when the Bitcoin market was on a downward trend, we may need my best to push the price above it present level most analysts are predicting 45,000 and above before the end of February but that is also contrary to the trader view on the market as Bitcoin trading volume is high on the present price which looks like a sell-off to me. Keeping our fingers crossed to see which direction the market goes next if it will continue the rocket movement by jumping from $41,600 to 44,000 or above or it will drop below the 40,000 regions.

[sirminesalot]

But the rockets seems to stop now and not going up?
And what's what we said, not to be jumpy with those price spike. I get the point that we have trounce the $40k barrier but still a long way to go for us.
Now it's trading sideways and not enough momentum to even to get to $41k because money has been poured already.

At least the price is going to be a stable price so the time for altcoin is coming, altcoin were already bleeding more than 50% even for high marketcap altcoin and if the price of PC always fluctuating like right now since the early of this year, it's hard for altcoin to rise.
We hope we see another pump before the price going stable and altseason come, and no more price drops like before

[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.

Nah,this is just a coincidence.The Meta drop has nothing to do with Bitcoin.
I don't believe that the current Bitcoin price pump is going to be the beginning of a bull run.
It's more like a bull trap or a "dead cat bounce".The price is currently staying at 41K USD,but after several days of staying arounf the 40-41K USD level,it will eventually drop below 40K again.
I guess that some crypto whales pumped the BTC price from 34-36K to 41K,but the impact of this BTC purchase will be short term.
There aren't any good conditions for a new FOMO phase/bull run.Fear will continue to dominate over greed on the crypto markets.

I've just thought of it that the people that have large stock there have probably dumped it for bitcoin. It's having difficulty to step on $42k and have stopped on that line.
I guess this is the same during the time when it hasn't reached $40k yet. The move isn't that much and more of being stagnant.

[Mamun74]

It's not huge pump because previous week bitcoin price was Under 40$k and current price is $42k+. I think this the little pump.I still believe that bitcoin price movement correction. Many Altcoin price is rising already and i think when bitcoin price more increase then all Altcoin price will be rise again.

[Oshosondy]

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.

I do not think this is connected to Facebook stock massive drop, I do not see how both price can even be related, this is just another bull run for bitcoin before the price may decrease again, I just know that this year will not really be so encouraging about bitcoin price, but I may be wrong.

altcoin were already bleeding more than 50% even for high marketcap altcoin and if the price of PC always fluctuating like right now since the early of this year, it's hard for altcoin to rise.

Altcoins decreased more than 50%, you can check there price like Doge, Qtum, Link, Neo and many like that that have dropped in price of over 250% or more.

[aoluain]

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.

Correct I am reserved on this movement, we will have to pass the usual resistance
points, $45k, $50k etc. until then its too early, there was also talk of a "dead Cat bounce"
scenario.

I can understand the excitement though, after a month of sub $40k sideways movement
any sort of rise is welcome and stirs up a bit of excitement.

[ibuddy122505]

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.

Correct I am reserved on this movement, we will have to pass the usual resistance
points, $45k, $50k etc. until then its too early, there was also talk of a "dead Cat bounce"
scenario.

I can understand the excitement though, after a month of sub $40k sideways movement
any sort of rise is welcome and stirs up a bit of excitement.

I'm actually learning TA however I'm believing you're correct. Watch out for what comes next with market opening tomorrow.

Fundamentals looking a bit positive for organizations, right now compared to the last week. whether we go up or down will be determined by institutional traders. Bitcoin is extremely impressive, however they destroy all the other things in the event that they settled on seriously selling. Figuring it will demonstration of a "dead Cat bounce" like previously and afterward down soon. Pumping right now however I actually believe it will crash or round 43k probably a decent short there.

[RealMalatesta]

Correct I am reserved on this movement, we will have to pass the usual resistance
points, $45k, $50k etc. until then its too early, there was also talk of a "dead Cat bounce"
scenario.

I can understand the excitement though, after a month of sub $40k sideways movement
any sort of rise is welcome and stirs up a bit of excitement.

If you keep on waiting for that to happen, do you realize how much money you are missing out? I mean if you could buy right now, and it reaches 50k, you are already in %20 or so in profit, and if you buy there, it reaches 60k, then you are in profit but you are missing out that extra amount.

It is your decision of course and I could not tell you what to do, if you want to make a profit that way then you could make a profit that way and nobody could tell you what to do. However if you really want to make sure that you are doing the right thing, then I would have to suggest you to make sure you are ready for such an increase, we are not just a few dollars away from those prices.

[antmex]

Bitcoin have to break the yellow line to continue higher. This is an resistance zone and must be done and maybe retested. https://de.tradingview.com/x/oymaqduL

[aoluain]

Correct I am reserved on this movement, we will have to pass the usual resistance
points, $45k, $50k etc. until then its too early, there was also talk of a "dead Cat bounce"
scenario.

I can understand the excitement though, after a month of sub $40k sideways movement
any sort of rise is welcome and stirs up a bit of excitement.

If you keep on waiting for that to happen, do you realize how much money you are missing out? I mean if you could buy right now, and it reaches 50k, you are already in %20 or so in profit, and if you buy there, it reaches 60k, then you are in profit but you are missing out that extra amount.

It is your decision of course and I could not tell you what to do, if you want to make a profit that way then you could make a profit that way and nobody could tell you what to do. However if you really want to make sure that you are doing the right thing, then I would have to suggest you to make sure you are ready for such an increase, we are not just a few dollars away from those prices.

Already bought the dip and worshiped at the church of DCA for the last 3 weeks!

I'm reserved in terms of getting excited too early.

[MyIdeas]

Correct I am reserved on this movement, we will have to pass the usual resistance
points, $45k, $50k etc. until then its too early, there was also talk of a "dead Cat bounce"
scenario.

I can understand the excitement though, after a month of sub $40k sideways movement
any sort of rise is welcome and stirs up a bit of excitement.

If you keep on waiting for that to happen, do you realize how much money you are missing out? I mean if you could buy right now, and it reaches 50k, you are already in %20 or so in profit, and if you buy there, it reaches 60k, then you are in profit but you are missing out that extra amount.

It is your decision of course and I could not tell you what to do, if you want to make a profit that way then you could make a profit that way and nobody could tell you what to do. However if you really want to make sure that you are doing the right thing, then I would have to suggest you to make sure you are ready for such an increase, we are not just a few dollars away from those prices.

Already bought the dip and worshiped at the church of DCA for the last 3 weeks!

I'm reserved in terms of getting excited too early.

I also hold when the market was red. I was worried a little as many people told that it is not winter but crypto ice which made me worry but then I thought that what ever happen at the end a good time comes. So I kept and I told to myself that if it is ice then even the ice melts at the end. Today I am very happy. I learned another lesson that stay firm we will get the success.