Whats your thought

[Researchoo]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

[Salahmu]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

OP I'm not really seeing any pump on Bitcoin now, rather I would call it retracement, I believe it just normal demand and supply, the price was $36k sometime ago which later fall to $26k there about but am not sure on the exact amount and now it has started retracing back which is normal market movement, so for now I wouldn't call it a pump on less it breaks $36k. Secondly I don't think Bitcoin moves based on speculation and news because is not a Meme coin that moves based on speculation and news

[Zaguru12]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

What drives any pump in bitcoin can simply be summarized to be high demands. Now the question is what creates or brings about this high demand, I would say it news surrounding it. Take for example the recent announcement of many institutions looking into Bitcoin ETF this caused a little FOMO and people started buying and this caused the pump. Another reason again could be government policies, should a top country relaxes there policy against bitcoin it becomes news and insights demand.

But the major reason for bitcoin pump is usually the halving period. Before each halving period many investors rush to buy bitcoin because they feel the reduction of its availability will actually cause it to become scarce and expensive. For example a block mined is rewarded at 6.25 bitcoin after the next halving it reduce to 3.125 which would make it expensive. So this demands actually cause the pump we see

[hd49728]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors?

The market always have those elements. Sometimes some elements outperform others and lead the market. In bull run, positive news lead the market and triggers hype. In bear market, negative news lead the market and cause fear, panic. It always have combination of many market elements.

How do you think this pump will impact the overall cryptocurrency market?

Bitcoin leads the market but it is difficult to know how it leads altcoins. It is very complicated and you see two diagrams that will make you more uncertain.

Trading altcoin hype cycles, a deep dive

[livingfree]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge?

Not a surprise and we do get this often.

Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors?

Yes.

It can't be denied that whenever there's a good news like those Bitcoin ETF applications, that really drives the market positively. But do not forget about the halving effect and before it happens, there's also the force that it creates.

How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

As always, there will be some motion that it can do to the market. You just need to get used to it whether there is an impact or none.

[Lucius]

I'm curious about the recent pump in Bitcoin's price.
~snip~

What you call "pump" is actually a recovery after the big "messiahs" of the crypto world Bankman & Kwon did their dirty work and knocked the price down by 50%, that is, right from where it is now. Anything under $69k can't and shouldn't be called a pump, but a lot of people believe in good fairies, dwarves and the like and you can sell them any news, and most seem to have already bitten the hook that BlackRock and Fidelity threw.

[hd49728]

What you call "pump" is actually a recovery after the big "messiahs" of the crypto world Bankman & Kwon did their dirty work and knocked the price down by 50%, that is, right from where it is now. Anything under $69k can't and shouldn't be called a pump, but a lot of people believe in good fairies, dwarves and the like and you can sell them any news, and most seem to have already bitten the hook that BlackRock and Fidelity threw.

The market is slowly completing its bearish months but it is not completed yet. Before the halving in 2024, likely in April, we will not enter a new bull market. I can not know when it starts but market is still bearish.

Bearish before a bull run so I don't think sell now, believe in a prediction that market will dive again, and buy back is a good plan. We can not outsmart the market so if we have coins, hold them and don't sell them within few months before a halving next year.

Big news will not come in bear market and believe that it will come in these days is not realistic.

[KiaKia]

What pumps are you talking about because presently there is no pump happening, only sideways movement, and this should continue for a long period of time, the stage we are in right now is where everything gets more boring as time passes on, and many people will either get tired of holding or even start to sell their bags, we have forgotten that Bitcoin hit its lowest price in 2020 and that's in the same year that halving happened, see what I am talking about here? Just because halving is coming in 2021 doesn't mean we have seen the lowest price for Bitcoin this year.

[Aanuoluwatofunmi]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge?

Why should this attract for more discussion when this is not the very first time we will be having the experience of bull and bear market with bitcoin knowing that it's a volatile digital cryptocurrency, I want to believe we aren't still yet in the bull season but rather having a preparatory stage getting unfold for us to begin to sense how it will look like when the actual time for bullrun finally arrives as we are getting more closer.

Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors?

Well, i will like to say that it's a combination of the aforementioned factors but you need to have the understanding that these factors only have a little percentage of the rate in which they influence this, the major drive in this is the supply and demand market flow for the bitcoin network.

How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

If bitcoin rises, there's more of the certainty that many of the altcoins will also rises along side together with bitcoin during bullrun except for few

[pooya87]

First of all the term "pump" is usually used in a duo with "dump" and it is when the price is artificially increased and is expected to be followed by a drop of equal or bigger size.

Secondly this is not a big rise. This was actually pretty small going back to above $30k and if you zoom out a little you can see that we have been seeing a pattern of ups and downs that are inside a fixed range between $25k and $30k ever since March (about 3 or 4 months).
In other words this recent small rise doesn't really need a major news. However if price broke out of $35k resistance, that would be a different story.

[stompix]

Anything under $69k can't and shouldn't be called a pump, but a lot of people believe in good fairies, dwarves and the like and you can sell them any news, and most seem to have already bitten the hook that BlackRock and Fidelity threw.

Not only that but there were actually 3 pumps, with the others in January and March, and if we somehow try to figure each of them out and why the previous one didn't just rise to the next level when the triggers where the same probably we're going to end in a never-ending debate. Plus . I don't understand this so-called enthusiasm sometimes, especially in cases when it comes from the same that put memes with Bitcoins rising up 1000000000% times since 2009, for gods; sake if we go back all this "pump" has managed to do is give us 50% on the December 2017 pump, and once you count those 6 years in the equation it stops being such a formidable thing.

Just as you said, many 1 million by Christmas newbies are going to have a disheartening surprise.

Big news will not come in bear market and believe that it will come in these days is not realistic.

Unless you have big good news to lift up the price in a bear market you will not see the end of this bear market, there is no way out of it unless something big and positive appears.

[Gallar]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors?

All of the factors you mentioned, some do influence the bitcoin market price. Because actually the most important thing in bitcoin price movements, namely about demand and supply availability in the market. So that is the main factor that makes the price of bitcoin increase or decrease. But what makes the demand for bitcoin assets, namely there are several factors, and some of which you have mentioned. As an example of positive news about bitcoin, it will definitely make someone's mind interested in buying and owning bitcoin, and if there are many people who are affected by positive news about bitcoin, it will definitely make the demand in the bitcoin market increase.

And regarding the recent bitcoin price, I think it's all a surge in buying by bitcoin investors, aiming to hoard more of the asset, in preparation for the upcoming bitcoin halving.

How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Usually, if the price of bitcoin has increased, the price of other cryptos has also usually increased quite a bit. Maybe it's all been a cycle where bitcoin goes up, other cryptos go up too (fundamentally influenced).

[Hyphen(-)]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

These variables you listed have all contributed to the current price increase.

The Bitcoin market has been in a bearish state for far too long, and we are now in the third quarter of 2023, a few months before Bitcoin halving, so any positive news will cause price movement in order to achieve saturation before the projected pump during, before, or after halving.

I believe Bitcoin will never fall below $30k again, given we are rapidly approaching halving and BTC is still much below its all-time high.

[Yatsan]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

As we all know, demand is the only thing behind every market price increase. But knowing exactly what created the demand, is close to impossible 'coz there are many factors affecting the demand; news, communities such as this forum, big investor manipulation, month of the year(?), issues and more. Bottomline is demand. But if we would base in this industry  solely, this might be because of the upcoming halving. Indeed there's still a long way but that's just how powerful expectations are. Many people in this industry know what happened with the previous one therefore many investors are accummulating at this piint even if there's a chance for a lower market price along the way.

[TheUltraElite]

Favourable news drove this price, in my opinion. The UK crypto regulation news or the Bitcoin ETF news either can be the cause.

A trader should treat these as just numbers and not try to delineate the cause because the end result does not change their approach nor their profit. But one should keep track of the news nonetheless.

But it is too early to call this a pump. It might be a bullish trend, but give it more time to see whether its a temporary rise or a bull market back to 70k USD.

[Faisal2202]

The current pump is not that big, which is already been told by many members here but I will take the meaning of the pump here as to why the price of BTC increased from $26k to $31k and currently as of writing this reply i can see the market is pushing again to break it's the resistance of $31k and I think if it keeps pushing, it could break the resistance and will set it as support.

Now coming to the part of why all of this is happening. I would mention some news here that might help you out to figure this small pump.

• MicroStrategy buys $347M worth of Bitcoin amid market thaw
• Bitcoin miners send record $128M in revenue to exchanges
• The Great Accumulation' of Bitcoin has begun, says Gemini's Winklevoss
• BlackRock's Bitcoin ETF ‘is the best thing to happen' to BTC, or is it?
• Japanese and Singaporean regulators join forces on crypto pilot project
• Hong Kong govt pressures banking giants to accept crypto clients

The list of news (good News) is long and I only mentioned those which came in front of me but I could share more. But the point is, from the mid of June, all the governments made crypto bleed first then at the end of June they came up with different ideas to promote the adoption of crypto in different areas of the world.

[seoincorporation]

I think there are 2 main reasons behind the bump.

1.- The current news about Binance and the SEC. It was a complex fight that crashed for a moment the market's at the start, but in the end, Binance won the fight, so, which brings more trust and it was a huge marketing campaign for cryptos.

2.- Money laundering, let's be honest in 2023 no one sends their money to the Bahamas, nowadays a lot of them hide it with Bitcoin and other cryptos.

[michellee]

Currently, many factors can increase or decrease the price of Bitcoin. If you saw what happened before Bitcoin hit ATH yesterday, you already know what drives its price to increase. And because the popularity of Bitcoin is increasing, it makes some parties who don't like Bitcoin make a lot of negative news so that Bitcoin can't rise and fall deeper.

But that won't stop Bitcoin because Bitcoin has become stronger than ever. And negative or positive news will be fuel as a price increase. The pump that comes into the market may be a push for the price to increase, no matter what's going on out there. And when it does, there's no stopping it.

The pump that comes is a process to return the price to its original highest price and to push the price up even higher. But the price is still inclined sideways for now because there is no significant price increase. Maybe soon it will happen but maybe we will see another correction before it happens.

[coinerer]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

When there are more trades in the Bitcoin market, the price of Bitcoin increases automatically. and there are plenty of reasons to increase trade in the market such as new whales getting involved in Bitcoin. again there may be a big company starting to accept Bitcoin payments etc. there are many news that make traders panic and buy Bitcoin. this is how the market continues to improve and the recent pump may be due to such a reason, but that reason has not caught my eye yet

[SOKO-DEKE]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

The price of Bitcoin might rise for a number of reasons, but the major one, in my opinion, is when adoption rises.However, I might see the current rise in the price of bitcoin as news regarding Binance and the SEC.

On the other hand, the halving period is quickly approaching, and following a significant price decline brought on by the bear market, we anticipate a gradual rebound of the price of bitcoin.Now, I do not perceive this rise in the price of bitcoin as a pump, but rather a rebound.

[Sim_card]

This is just a little price increase and I wouldn't say that it is any good news or good speculations. This is how bitcoin price movement is dump and pump and dump and pump...As for me I am still expecting to see bitcoin price pump higher than 69k that is when I will know begin to wonder what have led to such price. This is the right time to hodli and wait till the next bull run to see how much bitcoin price hits before selling. There will still be more demands for bitcoin and this will have great impact on the price. Now that the price has start to pump,it will make individual and institute to invest in bitcoin due to FOMO because some people will only buy when the price is pumping higher.

[salad daging]

Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors?

I believe with a few factors it was from some negative and positive news but in the end it became full confidence again after news from ETFs and also Binance just can't be beaten by SEC and it becomes even stronger belief for some investors that allow them there is still a more positive impetus, I see from several videos that show that they are starting to buy bitcoin because the halving is getting closer maybe this is the stronger factor.

How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

For me it's not fully pumped and just a bit of a recovery but bitcoin has managed to pass $31K right now obviously I think that there will be a reaction to the impact of other cryptos going green so when bitcoin picks up a bit then other altcoins will move in the same direction towards positive in the same trend.

[The Cryptovator]

For the past few days, Bitcoin has been relatively free from major negative news, and there have been some positive developments emerging. As a result, investors have adopted a positive outlook and begun purchasing Bitcoin, causing its price to rise. However, despite this upward movement in Bitcoin, the overall cryptocurrency market has remained relatively unaffected. This suggests that the much-anticipated altcoin season has yet to begin. In my opinion, for an altcoin season to occur, Bitcoin would need to surpass the $35,000 mark. Only then would we likely witness a noticeable impact on the overall crypto market.

[Casdinyard]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

BlackRock's ETF getting accepted by the SEC, the SEC creating clear distinctions that it is not after bitcoin, only unregulated investment assets or or speculative tokens that provide no real value to the industry, and the recent lack of anything negative to say about bitcoin, partnered by the fact that MicroStrategy just bought bitcoins again by the thousand, and the overall excitement that people have for the halving event that will happen soon next year.

All of this contributed to a pretty substantial increase in valuation over these past few days. Is this sustainable, will bitcoin be able to stay in this price point for a longer time? Only time will tell, but we still have a couple more months until the big thing happens so might as well enjoy this!

[CryptSafe]

The sudden surge in bitcoin price is a reaction to market demand which came as a result on purchase from bitcoin whales and possible investors. The pump is not a pump as you think because bitcoin current price has not gone beyond the previous all time high. Not until it is above the all time high, then we can categorically say that bitcoin has pumped but as for now, let us say bitcoin is retracing until it is above the previous all time high.

[JoyMarsha]

OP your definition of a pump price of bitcoin is it $31k or something below it? I can honestly state that there haven't been any pumps of any kind as of yet. A price market correction is what has been taking place since.

If Bitcoin experienced a price increase when it swiftly crossed the $31k–$36k range and stayed there rather than falling to $30k, a pump would have been considered to have taken place. Nothing of the sort occurred. Therefore, no one can interpret the modest price increase that brought bitcoin to $31k as a pump.

OP You should begin filling your portfolio with bitcoin now that its price is quite affordable so that you will be at gains when the pump occurs.

[serjent05]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

I hardly consider this uptrend as a pump.  This is just a normal market recovery of Bitcoin price.  We have seen Bitcoin reaching the price of $31k months ago and the market is just revisiting this price.  This positive performance of the market is possible because of the recent good news about the ETF coupled with other good news.  It is also possible that the hype of the ETF news is still lingering and many investors thinks that it is time to invest in the Bitcoin market in order to reap profit when the Bitcoin bull market started.

[hannahB4]

 I don't know of a surety what was the reason for the recent pump in price but I know at a point in time all your listed factors as affected both positive and negative on Bitcoin. There was a time when just a tweet from an Icon caused reduction in the price of Bitcoin. There has been news recently that is positive about the price being increased.

[drwhobox]

Bitcoin pump always brings new people into cryptocurrency. This pump is no different. We will see many newbies in the market who come for the bull run. Bitcoin got some lime light when the price went up and it spread hype among many peoples and they come to invest in bitcoin and other cryptocurrencies. So overall it is better for Bitcoin to get that hype from normal people.

[Stella Mese]

now the price of btc is increasing and now the price of btc is in the range of $31000

In my opinion, there must be many factors that have caused the increase in the price of btc, one of which could be because there will soon be a BTC HALVING, so many people start buying btc.

In my opinion, when the price of BTC goes up, usually other cryptos also like to go up, of course, due to several factors, including fundamentally, and it has become a habit when the price of BTC goes up, altcoins always go up too.

[MiF]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

When btc start to pump the different coins start to be bullish and many investors start to invest in altcoins,there are also new projects build up and many more, bullish is the star of a new hope in crypto because during bull season most of the coin bring us profit except the scam project or coin.

[BD Crypto]

Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors?

Yes I believe it and I also believe people have trust on Bitcoin and it's potential for long term.
Bitcoin price can be manipulated by positive or negative news, by speculation and increased awareness. And now the most important news is that 2024 will be the next halving of Bitcoin. And that could be a major reason why Bitcoin is leaving Bear season slowly. So it could be a movement to leave breaish period but this recent pump doesn't mean that we are now in bull Season but the reality is we are moving ahead to a Bull Season.

How do you think this pump will impact the overall cryptocurrency market?

This pump already started impacting on many altcoins in cryptocurrency market as they are recovering their price from the bottom. LTC, Eth and many more coins started following Bitcoin. If Bitcoin continue it's upward trend or be stable then we may see the whole cryptocurrency market is started recovering.

[Blitzboy]

Your curiosity aligns with the puzzle that every crypto-enthusiast tries to solve. The recent Bitcoin price pump, as with any significant price movement, can be attributed to an array of factors. Its rarely a single cause; rather, a domino effect of many elements working in synergy.

Positive news , like a major corporation accepting Bitcoin or a country adopting it as legal tender (ETF in this case), certainly gives Bitcoin a push. It's a testament to its growing acceptance and credibility. Then there's investor speculation, the catalyst that amplifies the effect of positive news. The anticipation of profit can rapidly drive up the price, as we've witnessed on numerous occasions.

Mainstream awareness is the slow-burning fuel that keeps the Bitcoin fire lit. It gradually builds up, strengthening the Bitcoin market's backbone. The more people understand and accept Bitcoin, the more stable the market becomes, reducing the impact of any future pumps or dumps.

[GeorgeJohn]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

I don't get astonished because of cryptocurrency increment or bitcoin decrement I found out that bitcoin is a cryptocurrency that you can not know the exact period or time it can increase or decrease the way I'm seeing bitcoin, I believe that bitcoin rise up and fall and all is because of the gravities demands and supply in the market we have to consider the fact that bitcoin have not stay constant in a particular price.

[SoonRichOffBtc]

Seeing the recent surge i truly believe that fundamentals do play some insight as well as technical basically recorrecting itself but before we push through higher i believe we have to hit 32000 and we are going to price come back down before moving back up. Hope my insight gives you an idea would love to hear other options from successful cryptonians!!!

[GreatArkansas]

(....)
In my opinion, there must be many factors that have caused the increase in the price of btc, one of which could be because there will soon be a BTC HALVING, so many people start buying btc.oo.

I am more convinced by this factor than this ETF news although I am not against it because even without ETF, I am very positive that during this time or this year, we will start to experience a bullish move from Bitcoin because of the Bitcoin block halving.
We already saw what happened in the past bitcoin block halvings, months before the event, we started to see Bitcoin is starting to go up.

[Lucius]

~snip~
In other words this recent small rise doesn't really need a major news. However if price broke out of $35k resistance, that would be a different story.

Maybe there is some truth to it, but I wouldn't get too excited even if the price reached $35k, because despite all the "good news" that makes the market behave "optimistically", only one bad can very easily take us backwards. From whichever angle I look at the current situation I think that the market behaves in accordance with what has already happened many times in the past, and someone explained it nicely on the example of a child who can not get sweets, but does not give up on getting them at all costs. In other words, there is a time for everything, and it seems to me personally that this is not the time for big things.

~snip~
Just as you said, many 1 million by Christmas newbies are going to have a disheartening surprise.

Some would say that this is nothing new and that it has happened so many times that it hardly makes any sense to talk about it, but I will just say that sometimes one should not be the one to destroy other people's dreams, no matter how unrealistic they may seem.

What I see as a problem in that story is that a lot of these disappointed beginner investors eventually conclude that Bitcoin is really some kind of scam, because that's a lot easier to say, than to admit that you failed to profit from something that you didn't really understand from the beginning.

[flyingcarpet]

~snip~
In other words this recent small rise doesn't really need a major news. However if price broke out of $35k resistance, that would be a different story.

Maybe there is some truth to it, but I wouldn't get too excited even if the price reached $35k, because despite all the "good news" that makes the market behave "optimistically", only one bad can very easily take us backwards. From whichever angle I look at the current situation I think that the market behaves in accordance with what has already happened many times in the past, and someone explained it nicely on the example of a child who can not get sweets, but does not give up on getting them at all costs. In other words, there is a time for everything, and it seems to me personally that this is not the time for big things.

There is still time for a rise. I still want to say that in the past the Bitcoin price used to fall a lot on bad news, but now the news doesn't have that big of an impact. The more good news, the better. When bad news comes, Bitcoin is able to recover. Over time, this has changed in Bitcoin's favor.

The best things happen when we least expect them. Therefore, when there is a negative sentiment in the market, it's a buying opportunity. However, there is still time for big rallies.

If there is an optimistic mood in the market and this continues, the rise will come. Bad news is slowly disappearing. People are not selling Bitcoin on every bad news like they used to.

[jeraldskie11]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

If the market is consolidating, it is usually in the SNR, or Supply and Demand zone. It indicates that the market is unsure where to go. Sometimes it will try to break a supply or demand but end up with wick. In this case, I noticed hat institutions and small traders wait for news before deciding whether to buy or sell, depending on whether the news is positive or bad. It doesn't always happen. Some may disagree with me, but this is what I have observed in the market.

[SamReomo]

I'm quite sure that investors are once again interested in crypto-market, and they gained their trust only because of Bitcoin. The market was crashed because of some pretty useless coins and exchanges in the past, and there remains can still be seen clearly on the market. The crypto-market and Bitcoin is recovering from those failures, and now investors gained their trust once again on Bitcoin. I'm quite sure that this is the beginning of a new bull market, and I'm quite sure that Bitcoin we regain a lot of its value.

[LogitechMouse]

Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

It was primarily driven by emotions by the investors.
Positive news = positive effect towards the market because investors often see positive news as opportunities for them to buy Bitcoin thus, price increase a few hours after the news is posted online. TBH, I'm not a fan of investing thru news because I'm more of a chart guy where I just look at charts, and make a buy price base on what the chart is telling.

The pump is caused by Blackrock, and over the course of 1-2 weeks, they have been the ones that you are seeing on different media. Them signing that spot Bitcoin ETF is a positive news for the investors that's why it pumped. How will it impact the whole market? I guess we've seen the impact already. The effect has been there, and it seems like there are no reasons for Bitcoin to go below $30,000 as of this moment.

I expect that Bitcoin's price will go up even further once the spot Bitcoin ETF will be approved. That is if it will be approved. I guess the chances are higher because Gary Gensler resigned already. It will all depend on who will be the one that will replace him.

[yazher]

The price won't increase this much without those factors, and we know it has to be one of the listed events but the OP. Because we already know how it has been when there is no movement of contributors like recent positive news, companies are now using bitcoins in their platforms, among others. Look at the altcoins. Most of them don't really increase this much because there are no investors wanted to shoulder all the expenses just for the price to grow because they know that there is no assurance to get back their capital, but it's a different story when it comes to bitcoins. After all, investors know the fact that bitcoins will surely increase their price in the upcoming years because lots of people trust it.

[uneng]

After the news Binance was being sued by SEC, Bitcoin price droped considerably and stayed relatively low for some time. Once the effect of those news fade away, and no other negative news came in, it was natural for BTC price to rise once again and that is what I believe to have happened.

Just like there is the correction which pushes BTC price downside, there is also the other kind of correction which pushes it upside, until the price reaches a stability zone balanced by investors who are constantly drawing the next tendency of crypto market, which now seems to be more bullish than before, reaching 31,000$ and dropping a little bit right now back to 30,000$. It's still a pretty decent price range, though, and more increasements in price can still be expected soon.

[Mpamaegbu]

Looking forward to hearing your insights and opinions!"

My humble opinion to you on this is simple – Don't fright. Bitcoin isn't going to be exterminated, at least not anytime soon. Even when you see Bitcoin dump massively or its price fluctuates slightly as you just observed now, be rest assured it's nothing really serious. Summarily, the whole of my sermon boils down to not be price-watching Bitcoin like watching paint dry. Just know that anything that's subject to the dynamics of the market is exposed to price correction now and then. Bitcoin isn't an exception. So, if I were you I would just concentrate on DCA each time it dips and not be bothered about price dipping.

[MFahad]

There are some positive news which have positive impacts on bitcoin price and the price moves up. Other thing is that if maximum number of individuals start to buy bitcoin so the demand increases which also pushes the price in upward direction.

Third factor which increases the price of bitcoin is the period of halving so whenever buyers hear about halving that next year will be halving season so numerous people rushes to put money into bitcoin for the reason of increasing its costs. So these are some factors like demand, halving and various news which directly fluctuates the price and price moves up.

[tjtonmoy]

You call that pump? These are little price increases or market corrections after Bitcoin being at a low for some time. It could be for various reasons. Includes everything mentioned in the OP. A combination of all of these makes a market sentiment that leads traders to take a decision. If positive, the price movement will also be positive, the same goes for negative. If negative, the price will also move in the negative direction.

Also, more and more people joining the game could also do it. As new people join it, the demand will increase. So will the price. Bitcoin's price is determined based on demand and supply. This could also be the case here. Because Bitcoin is getting more recognized day by day and its demand is increasing too. As I said this is not the only possibility, but could be one of the major reasons.

[TimeTeller]

There are some positive news which have positive impacts on bitcoin price and the price moves up. Other thing is that if maximum number of individuals start to buy bitcoin so the demand increases which also pushes the price in upward direction.

Third factor which increases the price of bitcoin is the period of halving so whenever buyers hear about halving that next year will be halving season so numerous people rushes to put money into bitcoin for the reason of increasing its costs. So these are some factors like demand, halving and various news which directly fluctuates the price and price moves up.

Though we can't pinpoint the specific factors involved but it is the combination of various factors like the mentioned by the OP.
Up until now, even so-called experts can't identify a single source of why the market is going green.
But we can all speculate what will happen to the market, depending on the news surrounding at that time period.
So if there is someone who will guarantee what will happen next, then, for sure, he is bluffing as no one can give you such context.

[Mr.suevie]

I'm quite sure that investors are once again interested in crypto-market, and they gained their trust only because of Bitcoin. The market was crashed because of some pretty useless coins and exchanges in the past, and there remains can still be seen clearly on the market. The crypto-market and Bitcoin is recovering from those failures, and now investors gained their trust once again on Bitcoin. I'm quite sure that this is the beginning of a new bull market, and I'm quite sure that Bitcoin we regain a lot of its value.

This believe is actually what makes bitcoin stand out from the rest coins, over the years bitcoin has proven itself to be a reliable asset no matter the ups and downs it had to go through. If you ask me , the market is still low and haven't reach a stage to which we can say BTC has reached bull market because we are just in the second quarter of the year and their are many other factor which can influence this crypto market badly especially BTC so we should all chill and watch how it plays out as the halving is also close by.

[benji0409]

I think that bitcoin will be more and more regulated. Institutions try to get more control over the bitcoin. Just watch this guy: https://shrinke.me/l0296w2

[karabiber]

I think BlackRock is the protagonist of the mid June decline and this week's rise. Namely when BlackRock made its Bitcoin ETF application for the first time, the SEC's negative and critical statement with the current spot Bitcoin ETF applications caused panic in the market for a short time and the market went into panic. Bitcoin was the most affected by this situation.

After the SEC stated that the spot Bitcoin ETF applications were insufficient and needed to be updated the BlackRock ETF application was brought up again and has taken the main role in the current rise. The market is buying on every positive news and the increasing demand is boosting Bitcoin and the SEC has left the door open with the update demand giving hope to the markets. I am bullish for this situation and i have full faith that demand will increase and price increases will continue.

[bitzizzix]

In addition to positive news and the effect of increasing the price of bitcoin which is more influential due to market demand, the price of bitcoin is heavily influenced by market demand. If the number of people buying and trading bitcoins increases, then the price of bitcoins will tend to rise.
and this is because many people and also various groups are involved with bitcoin and bitcoin will continue to be popular from time to time, even though it continues to decrease but will eventually increase again. And many people admit that bitcoin is a very profitable investment, especially for the long term.

[serveria.com]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

If you take a look at the historical charts of Bitcoin's previous cycles you'll see similar price action right before the halving year. The price goes sideways, then rises a bit during summer and goes back down in September-October, only to rise again next year right before halving. So, nothing extraordinary and I doubt it was caused by some positive news or similar factors. Just my 2c.

[Ojima-ojo]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Well, no one can actually point to the factors that contributed to the current Bitcoin price and at that anyone telling you that it is the sec discussion and decisions that cause the price surge but we can say that several factors may just be one factor that contributes to the price.


There have been several speculations,  news,  and fuds but the factor is far from pump because Bitcoin is not pumped but just at recovery stage.

[rby]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Bitcoin does not have a life pattern of its own. Whenever it is in the bull lane, it is attributed to some kind of fundamentals and whenever it is in the bear lane, it is also attributed to some negative fundamentals.

So at every point in time, the Bitcoin price is either affected positively or negatively. Some times there won't be any news driving the market but when the price is increased or reduced people will create news from tin air and attribute it to the reason why bitcoin is making its movement. That been said the price of Bitcoin is determined by the demand and supply of the market. So whatever happens that people begin to sell Bitcoin in their numbers means that the price will drop. Whatever happens that people begin to buy bitcoin means that the price will appreciate.

[famososMuertos]

Something specific does not always happen, sometimes, in my opinion, the price is reached due to market conditions, it is organic.  It is not that we are having an exceptional rise, in April we were at these same values, +-30k.

In any case, it should be the floor that bitcoin needs to finally leave that 20k band that we sometimes forget is about to turn 4 years old, but whatever, this 30k band that has many excited is just the typical rebound value and is not support to cement the elusive +30k.

[Adbitco]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Primarily the market is being driven by news it could be positive or negative but whenever the wrong news comes it surely affect the market, if the positive news hit the market you notice we all have a potential Green. But alternatively I will say that this month of July seems to be a very good month good for bitcoin to surge, I think I have came across a post that said "This month is always bull for bitcoin from their analysis" maybe I will go find the topic and post here. Sometimes I understand is trying to complete its principles by going up and down, this season happens to be bull in preparation for the next year bitcoin halving.

[Rengga Jati]

....Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? ...

All of these things have contributed to every increase in the price of Bitcoin. Especially if the market trend turns positive, there will usually be an increase in demand. That means, the higher the demand, the higher the supply provided. And usually it will increase the price automatically. When it comes to its impact on the crypto market as a whole, surely there is. Usually what happens is that the crypto market will follow the Bitcoin price. if the development of the Bitcoin price rises, the crypto market will also usually improve.

Right now what needs to be thought about and considered is the steps to anticipate a market correction because every time there is an increase in the market, there will then be a market correction where the price of crypto will temporarily drop again. So stay alert, be patient, and don't panic.

[Aikidoka]

Something specific does not always happen, sometimes, in my opinion, the price is reached due to market conditions, it is organic.  It is not that we are having an exceptional rise, in April we were at these same values, +-30k.

In any case, it should be the floor that bitcoin needs to finally leave that 20k band that we sometimes forget is about to turn 4 years old, but whatever, this 30k band that has many excited is just the typical rebound value and is not support to cement the elusive +30k.

I hope $30K will be the current base for Bitcoin and its price won't fall below this level for a while. If Bitcoin establishes strong resistance within this price range I believe there's a good chance of a great pump in the coming months. Hopefully, the price of Bitcoin won't drop below $30K again tho.

This current price of Bitcoin right now is really good, and I'm pleased with it so far. Honestly, I didn't expect this correction/pump to occur, but even if the price falls it's not a bad thing since I'm confident that many investors won't miss the opportunity to buy more Bitcoin at that time (includes me)

[_BlackStar]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

First - the proper board for this topic is a speculation board instead of a bitcoin discussion board. So move your topic to:

Bitcoin Forum > Economy > Economics > Speculation


1. Awareness about investing has increased year by year.
2. A lot of people want to capitalize on a cycle - it's an upcoming bullrun cycle.
3. Many people are increasingly optimistic about the future of bitcoin and they don't want to be left far from the train to the moon.

[ImThour]

We are less than a year far from the next Bitcoin Halving and this is known by almost every individual who is invested in Crypto or Bitcoin especially.
So the market is making moves and setting itself before the halving, which results in price jump and that result could be seen by you yourself in Nov 2025.
Best bet would be to invest in the Halving month or you can continue DCAing like me.

[Texac]

I think BlackRock is the protagonist of the mid June decline and this week's rise. Namely when BlackRock made its Bitcoin ETF application for the first time, the SEC's negative and critical statement with the current spot Bitcoin ETF applications caused panic in the market for a short time and the market went into panic. Bitcoin was the most affected by this situation.

After the SEC stated that the spot Bitcoin ETF applications were insufficient and needed to be updated the BlackRock ETF application was brought up again and has taken the main role in the current rise. The market is buying on every positive news and the increasing demand is boosting Bitcoin and the SEC has left the door open with the update demand giving hope to the markets. I am bullish for this situation and i have full faith that demand will increase and price increases will continue.

You are right, although there are many ETFs filed with the SEC, but perhaps BlackRock is being considered the leading cause of the recent short-term fluctuations, BlackRock's ETF is getting more attention than any other ETF.  but overall, I don't see these as big news to help turn the market around, what's happening is more like someone using the news to create Fomo than ETFs are helping bitcoin rise because of demand.

[Nwada001]

I don't know of a surety what was the reason for the recent pump in price but I know at a point in time all your listed factors as affected both positive and negative on Bitcoin. There was a time when just a tweet from an Icon caused reduction in the price of Bitcoin. There has been news recently that is positive about the price being increased.

The thing is, people seem to adjust so easily. Even though it seems right now that people pay less attention to some little tweet regarding some positive news about Bitcoin, that doesn't necessarily mean that there are people who still don't panic over little things.
 
If we check around the recent happenings, the halving being around the corner, the EDX exchange launch, the Bitcoin ETF, and many of those positive news items, it's enough reason to keep the Bitcoin market on the green side, adding to the fact that there might be more demand for the acquisition of Bitcoin than usual, which are all added reasons why the price is going up currently. And Bitcoin's price always seems to surprise predictors, as it has its own way of doing things.

[Sarah Azhari]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Many factors can bring fluctuate the bitcoin price, including what you mentioned above. but that's not always the case, sometimes, there is no good news but bitcoin price pump opposite the market. Even not so affect on the market, but usually this increase will be followed also another altcoin, so it has a direct effect on the crypto market overall. therefore do not easily hype, you have to relax to face the market, so as not to overdo selling your assets.

[lienfaye]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

There are many factors that can affect the price to increase and often it is the good news circulating that drives the investors to buy Bitcoin and become bullish. However the recent increase is just a recovery and not really a pump since it's not consistent. In fact currently the price is decreasing back to over $30k after reaching $31k value.

Anyway, i'm optimistic that we're already near to bullish season. We just need to wait and, if possible, ignore the negative news because it can't help you to hold firm while waiting for the right time to take profit.

[boltz]

Honestly , my thoughts changed a bit after I saw Bitcoin jumping in 31k so easily but a lot of resistance wall around that area was gone before the jump and that makes me guess that it's just for a brief time and most likely Bitcoin will fall in 30k area again as we can see that it couldn't hold 31k. Now , after Btc dropped again in price and it doesn't look like it wants to move back up , my summer prediction is still up with Bitcoin being steady around 30k or even fall a bit under.

[savetheFORUM]

~snip~
In other words this recent small rise doesn't really need a major news. However if price broke out of $35k resistance, that would be a different story.

Maybe there is some truth to it, but I wouldn't get too excited even if the price reached $35k, because despite all the "good news" that makes the market behave "optimistically", only one bad can very easily take us backwards. From whichever angle I look at the current situation I think that the market behaves in accordance with what has already happened many times in the past, and someone explained it nicely on the example of a child who can not get sweets, but does not give up on getting them at all costs. In other words, there is a time for everything, and it seems to me personally that this is not the time for big things.

Depends on the bad news to be fair. I would say categorize them by impact points, so lets say a bad or good news could have a scale from 1 to 10, 1 being I sold my coins so the market didn't even notice, and 10 being Biden said bitcoin is a crime, that's the scale. So, if there are 2 good news with 7-8 scale, and just one bad news with 5 scale, then it will not drop backwards that quickly, but if there is just one good news with 5 scale and back to back 2 bad news with 8 scale then yeah it will drop for sure.

I believe that's the trouble and we shouldn't really change it all that much. I know that it is not going to be easy to decide just yet, but I believe good and bad news impact the world based on their scale and that's how it moves eventually.

[khiholangkang]

Honestly , my thoughts changed a bit after I saw Bitcoin jumping in 31k so easily but a lot of resistance wall around that area was gone before the jump and that makes me guess that it's just for a brief time and most likely Bitcoin will fall in 30k area again as we can see that it couldn't hold 31k. Now , after Btc dropped again in price and it doesn't look like it wants to move back up , my summer prediction is still up with Bitcoin being steady around 30k or even fall a bit under.

And the fact is it is true that Bitcoin cannot penetrate more than $ 31K, and precisely today returns to the $ 30k level, if calculated Bitcoin has often broken up to conquer $31, but as you say that too many walls need to be on Break to really be able to penetrate the next level of the level, I think Bitcoin will have a sideways trip if there is no meaningful FUD and positive sentiment to boost prices on Bitcoin.
Because maybe this summer is still early, it is possible that on the journey of Jully we will see a surge in prices back to Bitcoin to try to touch the $ 35K price level.
Hopefully so.

[eightdots]

We are less than a year far from the next Bitcoin Halving and this is known by almost every individual who is invested in Crypto or Bitcoin especially.
So the market is making moves and setting itself before the halving, which results in price jump and that result could be seen by you yourself in Nov 2025.
Best bet would be to invest in the Halving month or you can continue DCAing like me.

Now those who follow the crypto market are aware of many things. It is very easy to reach a lot of information such as expectations, dates, places where bitcoin is exchanged, institutions accumulating bitcoins. In the meantime, it is very normal for bitcoin to prepare itself. We will all see price increases before or after the halving. I don't know exactly when, but what we are sure of is that the price of Bitcoin will rise.

These prospects are good news for Bitcoin. Until now, bitcoin has gone through many phases and is standing firm. There is a little time left. With a little patience, we can see the value of our investments increase.

[_BlackStar]

-snip-

Now those who follow the crypto market are aware of many things. It is very easy to reach a lot of information such as expectations, dates, places where bitcoin is exchanged, institutions accumulating bitcoins. In the meantime, it is very normal for bitcoin to prepare itself. We will all see price increases before or after the halving. I don't know exactly when, but what we are sure of is that the price of Bitcoin will rise.

These prospects are good news for Bitcoin. Until now, bitcoin has gone through many phases and is standing firm. There is a little time left. With a little patience, we can see the value of our investments increase.

No one knows when - but we're on track for now.
Bitcoin has recovered and left last year's low of almost 100% - it has been much better to call a recovery.

The price of bitcoin will surely rise - but the path to the moon may not be as smooth as it seems. We're about to be in another trough - maybe especially when you analyze the daily TF, but it's only a stepping stone as that support will help price break above resistance.

[lixer]

Honestly , my thoughts changed a bit after I saw Bitcoin jumping in 31k so easily but a lot of resistance wall around that area was gone before the jump and that makes me guess that it's just for a brief time and most likely Bitcoin will fall in 30k area again as we can see that it couldn't hold 31k. Now , after Btc dropped again in price and it doesn't look like it wants to move back up , my summer prediction is still up with Bitcoin being steady around 30k or even fall a bit under.

The whole summer? Maybe not, but the initial stage will mostly go with Bitcoin being at either $30k or somewhere around it, the resistance at $31k is too strong, you are right about that, so it might go back down from where it came up earlier if it doesn't manage to cross the resistance pretty soon which doesn't seem to happen so far, some very good news might boost it up and make retail investors gain more confidence in the market.

However, I'm personally more eagerly waiting for the next year and I would probably not be selling at any price even if it manages to go around $40k, because I have a higher target in my mind, and I'm optimistic for it to reach that mark by the end of next year, hopefully.

[uchegod-21]

We are less than a year far from the next Bitcoin Halving and this is known by almost every individual who is invested in Crypto or Bitcoin especially.
So the market is making moves and setting itself before the halving, which results in price jump and that result could be seen by you yourself in Nov 2025.
Best bet would be to invest in the Halving month or you can continue DCAing like me.

I think to continue DCAing is better because even in the halving month, one may not know exactly when to buy. This is because halving would be characterised by many speculative dramas. So, it is better to continue with DCA until the halving bull run.
If you ignore this strategy, you may end up not being involved in the bull run. Once the market is up and running, you will be reluctant to join.

[yudi09]

Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market?

It can be said to be driven by positive news and demand.
For example, BlackRock proposed a spot Bitcoin ETF even though the SEC is still on their stance, but it had a very positive impact on Bitcoin's price movement.
A few hours ago, most of the day traders were already making profits as I monitored the price moving a little slowly towards $31,479 from $30,441.

As others have argued that we are very close to the halving, so hold.

[MFahad]

Though we can't pinpoint the specific factors involved but it is the combination of various factors like the mentioned by the OP.
Up until now, even so-called experts can't identify a single source of why the market is going green.
But we can all speculate what will happen to the market, depending on the news surrounding at that time period.
So if there is someone who will guarantee what will happen next, then, for sure, he is bluffing as no one can give you such context.

We just work according to speculations and we don't have actual knowledge because if everyone knows that fact then everyone will get success and no one will face any failure. Crypto is volatile and all discussion is based on prediction which sometimes comes true and other time it doesn't happen at all.

As halving is just known to happen next year is also just a speculation but who knows the reality? The knowledge about future is very hard to know and in crypto there is not a single second which can be identify due to volatility so 2024 is far now but the people just focus and increase demand due to speculations without realizing the fact.

[ShowOff]

I think to continue DCAing is better because even in the halving month, one may not know exactly when to buy. This is because halving would be characterised by many speculative dramas. So, it is better to continue with DCA until the halving bull run.
If you ignore this strategy, you may end up not being involved in the bull run. Once the market is up and running, you will be reluctant to join.

Doing DCA until the halving happens is a good decision, I agree with the plan. We're still a few months away before the halving, so when they do DCAing then of course their average buying price will be lower than buying with a lump sum.

After all, price volatility continues and it is also possible to find bitcoin dropping to around $28k this year. The strong support is $29k, so when DCA is implemented as an investment strategy then of course they will accumulate more bitcoin instead of a lump sum. There are times when a lump sum is better, that is when the bitcoin price dump more than 10% - 15% in 1 day.

[Lamkuthang]

Everything that OP said is related and interconnected and contributes to making the market go up and down in price, in this case, especially BTC and altcoins in general. Yes. Our job is to be good at reading situations and conditions and keep them updated, but there is one thing that is most important, namely not going against the mainstream and rushing into decisions.

[Dr.Bitcoin_Strange]

Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors?

@OP, Positive news can make the price of Bitcoin experience a high uptrend, as can high demand, but investor speculation is not a factor that contributes to market trends. There is a lot of high-level speculation by Bitcoiners, of which if it were possible for the price to reach $100k, it would have, but the speculation is just the thoughts of people or some analysts who study the market with some trading tool and give some prediction about the expected price.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[Ojima-ojo]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

First I can't mention any factor that directly impacted the price to move to the direction where it reach but then also we must know that this type of price movement has been evident and noticeable with Bitcoin ever since its inception and due to these patterns of unpredictability it what makes Bitcoin to be a volatile asset.


But then also a lot of buy have been made all to accumulate Bitcoin against the next halving and this has contributed to a lot of scarcity in Bitcoin sell order that leadordershe price to skyrocket recently but still relying on around 30k+.

[goaldigger]

Everything that OP said is related and interconnected and contributes to making the market go up and down in price, in this case, especially BTC and altcoins in general. Yes. Our job is to be good at reading situations and conditions and keep them updated, but there is one thing that is most important, namely not going against the mainstream and rushing into decisions.

The pump happens because of a big investor buying more Bitcoin slowly but again someone will take profit out of that pump and that why we are still suffering from a strong resistance. Anyway, this is just a normal pump and dump trend so its not new anymore, if you know how to timing the market then making profit will be more easy for you. The price will soon pump, be more patient and store more holdings now.

[STT]

Relief rally is what can happen often enough, with BTC the supply is constricted making such dynamics quite easy to happen with just steady ongoing demand.  Less supply same demand is a higher price on many days, can be quite simple.
  Today the price got enough upset that we can moved from the weekly average for the first time in a few days.   BTC often tries to go sideways, now its deviated from that course my estimate is a downside target of 50 day average is quite fair.  Its risen as high as 28k so 50 day pull back is still quite positive.

[taufik123]

The pump happens because of a big investor buying more Bitcoin slowly but again someone will take profit out of that pump and that why we are still suffering from a strong resistance. Anyway, this is just a normal pump and dump trend so its not new anymore, if you know how to timing the market then making profit will be more easy for you. The price will soon pump, be more patient and store more holdings now.

Apart from the fact that big investors are starting to come in, this also happens because of FOMO.
Those who come in because of FOMO will continue to pump the price up to the top resistance limit and then others try to sell at the highest price and leave the market.

Pump and dump trends often occur, to overcome this kind of thing we as traders must also know where to enter and where to exit, so that there are no losses after the pump is over.

Must organize the strategy well and don't follow the flow of FOMO.
Those whales will take the opportunity of high prices to start selling and cycles like this will continue to be repeated.

[gunhell16]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

It often happens that way, what the mainstream media brings news is somehow the others they actually bring that the market has fallen when it is related to Bitcoin or cryptocurrency. This has been happening in this industry for years.

That's why the other community investors in the crypto space are actually just holding Bitcoin or another crypto for the long term because they don't have to stress at all because of what's happening in the current movement in the market.

[YUriy1991]

OP, Take a look at the market once in a while. For example, the BTC price is going sideways and suddenly a large amount of money enters the market and makes the BTC price soar, of course there are those who smile and are confused. For those who know just smile and for those who don't know, they are still confused about what happened, why did the increase suddenly increase... I think it's easy to conclude that, there is a large demand for buying and selling less and this is inseparable and related to matters that form the basis of general market sentiment.

[wmaurik]

OP, Take a look at the market once in a while. For example, the BTC price is going sideways and suddenly a large amount of money enters the market and makes the BTC price soar, of course there are those who smile and are confused. For those who know just smile and for those who don't know, they are still confused about what happened, why did the increase suddenly increase... I think it's easy to conclude that, there is a large demand for buying and selling less and this is inseparable and related to matters that form the basis of general market sentiment.

Sudden increases and decreases are very natural things to happen in the market and are also very feasible, because at the same time everyone must have very different expectations in this regard. For example, when someone wants to sell Bitcoin at the price they want, of course there are people who buy at that price hoping for a much higher increase, although at the same time some people still hope to see a lower price so they can buy it at the price they want.

[Ziskinberg]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Does it really matter? Sad to say that until now many people are still asking why the reason why it pump and why it dump. I don't want to think but sadly, many still don't understand the volatile nature of the market and of Bitcoin. Why not just become happy as it pumps, in fact, we are looking forward to seeing Bitcoin reach for another ATH. Actually, we can expect such inclining sentiment as the halving comes closer where many investors are coming and buying Bitcoin before the bull season come and this will affect the price.

[el kaka22]

Halving will make sure that the market does a lot better than we thought it would, and that is why I am guessing that it's going to be an important piece of the deal. I am not saying that it will be 10x+ higher or something, but it will certainly go up.

If you asked people could bitcoin reach 68k just a few years ago, they would have all said no but we have seen that eventually. People saw bitcoin reaching back to 15k, and they decided not to buy, there were a lot of people who sold during that period, in fact it dropped to 15k because they sold bitcoin, otherwise how could it go down. And considering the next few years, I think those people will regret a ton, because if you buy at 15k, then there is still a chance you could make 10x from bitcoin.

[ajiz138]

Halving will make sure that the market does a lot better than we thought it would, and that is why I am guessing that it's going to be an important piece of the deal. I am not saying that it will be 10x+ higher or something, but it will certainly go up.

If you asked people could bitcoin reach 68k just a few years ago, they would have all said no but we have seen that eventually. People saw bitcoin reaching back to 15k, and they decided not to buy, there were a lot of people who sold during that period, in fact it dropped to 15k because they sold bitcoin, otherwise how could it go down. And considering the next few years, I think those people will regret a ton, because if you buy at 15k, then there is still a chance you could make 10x from bitcoin.

No one ever knows how high the price will be after the halving, the scenario is always different from the previous one, I guess guessing there is nothing wrong with 10x or more only we as bitcoin holders are still quite sure bitcoin will shoot up if it has passed the halving.

People who say No are just skeptics maybe they are completely unsure but for us this is a way where we can take advantage of the lowest price in the previous year, let them sell halfway because they don't want to enjoy a long process, whereas I will hold out until the price returns to the highest, with that sure enough if we buy at $30k there is still a chance of a 3x profit.

[fuguebtc]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Does it really matter? Sad to say that until now many people are still asking why the reason why it pump and why it dump. I don't want to think but sadly, many still don't understand the volatile nature of the market and of Bitcoin. Why not just become happy as it pumps, in fact, we are looking forward to seeing Bitcoin reach for another ATH. Actually, we can expect such inclining sentiment as the halving comes closer where many investors are coming and buying Bitcoin before the bull season come and this will affect the price.

I also don't understand why people are always looking for a reason every time bitcoin moves, what can they do when they find the cause? Can they even profit from that news? To me, a healthy market is one that is always moving, and it is quite normal to pump or dump bitcoins. Furthermore, volatility is one of the hallmarks of bitcoin, we should be familiar with it rather than surprised.
Yes, bitcoin is unpredictable, and we all want it to go up, so when the price goes up, we should enjoy the moment rather than run around looking for reasons.

[Odusko]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Whenever bitcoin makes an increase in its USD value it means the demand for Bitcoin has boosted as that has reacted in the price so since Bitcoin is not like all those shitcoins/altcoins it then means using the term pump in your attempt to define the recent price increase in bitcoin is wrong so in an attempt to uncover the reason behind the recent price increase for Bitcoin I stumbled on a couple of reasons but then we have to know that Bitcoin as a volatile asset, does not rely on a particular event of news to make a price rise since it price depends only on the demand.

[Asuspawer09]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Whenever bitcoin makes an increase in its USD value it means the demand for Bitcoin has boosted as that has reacted in the price so since Bitcoin is not like all those shitcoins/altcoins it then means using the term pump in your attempt to define the recent price increase in bitcoin is wrong so in an attempt to uncover the reason behind the recent price increase for Bitcoin I stumbled on a couple of reasons but then we have to know that Bitcoin as a volatile asset, does not rely on a particular event of news to make a price rise since it price depends only on the demand.

I mean yes the Bitcoin market price basically depends on the supply and demand on the market, if the demand is high and the supply is low then that could easily boost the price of Bitcoin making it pump to a certain percentage. There are a lot of factors that contribute to the bitcoin market price pump but the most common just depend on the news, articles, etc. online since that is the one that creates FUD or encourages investors to buy bitcoin most of the time. Bitcoin market price could easily skyrocket at any time pump like this at 30k$ could easily be good news meaning that the bitcoin demand is increasing, but there is resistance at 30k$, one great piece of news about Bitcoin could easily break this resistance for sure.

You can't really accurately predict the movement of the market since there are a lot of factors that affect its movement of it, so the best thing to do is just to position your self to this kind of pump, market price could probably stay at the 20k-30k$ range but at any moment it could easily trigger and skyrocket, if you accumulate enough Bitcoin when the market price is still low you could potentially make a good profit in a short amount of time.

[Yamifoud]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Whenever bitcoin makes an increase in its USD value it means the demand for Bitcoin has boosted as that has reacted in the price so since Bitcoin is not like all those shitcoins/altcoins it then means using the term pump in your attempt to define the recent price increase in bitcoin is wrong so in an attempt to uncover the reason behind the recent price increase for Bitcoin I stumbled on a couple of reasons but then we have to know that Bitcoin as a volatile asset, does not rely on a particular event of news to make a price rise since it price depends only on the demand.

And whatever the reason is, this is really how the market looks like - it dumps and it pumps.
Of course, there will be reason but I don't think we need to find it instead, let it happen. Let us also accept the truth that Bitcoin will pump after the bear season and the rise is somewhat expected this time and in the coming days. We're getting close to halving and the next is projected to be a bullish season. With the rise that we see these days, it was just an indication that the market is active and it goes along the same thing that we experience in the past.

[Lanatsa]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Whenever bitcoin makes an increase in its USD value it means the demand for Bitcoin has boosted as that has reacted in the price so since Bitcoin is not like all those shitcoins/altcoins it then means using the term pump in your attempt to define the recent price increase in bitcoin is wrong so in an attempt to uncover the reason behind the recent price increase for Bitcoin I stumbled on a couple of reasons but then we have to know that Bitcoin as a volatile asset, does not rely on a particular event of news to make a price rise since it price depends only on the demand.

And whatever the reason is, this is really how the market looks like - it dumps and it pumps.
Of course, there will be reason but I don't think we need to find it instead, let it happen. Let us also accept the truth that Bitcoin will pump after the bear season and the rise is somewhat expected this time and in the coming days. We're getting close to halving and the next is projected to be a bullish season. With the rise that we see these days, it was just an indication that the market is active and it goes along the same thing that we experience in the past.

Always be having that realization that whenever you are involved in a market whether stocks/forex/cryptocurrencies on which if we do speak about generally on whats a market then it would really be just having
that two possible movement which is going up or down. Factors? There's lots which you would be needing to consider out because its not something that you would be able to guess on where the price would be going but due to indicators and tools that we do have then we could have at least the slightest idea on where it would possibly heading.

Now that we are talking about bitcoin then we know that there's no way that we could be able to tell nor predict on where its price would really be heading.This is why profitability would really be varying
on how someone would be able to make their analysis so well but of course there would be no guarantees about success.

[STT]

We're ending the week in sedate decline, an apparent negative state.  However I think we are better off then we could easily be, that is the negative action in BTC comparatively is far more positive then a proper decline or selloff.   We end this weekly bar above the big picture view Fibonacci level for the entire retraction from ATH; that has to be weighed as positive for a forward looking view of BTC price action.
   We are below the weekly average and my personal rule is we should expect a negative market so long as BTC remains unable to pick itself up and rise that weekly decline and fight back.  If you are on floor, its a harder fight to win so we cant just assume holding here is enough be ready for a test downwards is probably most realistic.

[GigaBit]

Gradually investors are increasing their investment amount. Along with new investors, institutional investors are also joining and they are also starting to trust Bitcoin. As a result, Bitcoin started to move upwards slowly. Moreover, there is also a possibility of SEC allowing ETF trading in recent times. As the time for the upcoming Bitcoin halving approaches, it will gradually lead to a Bitcoin Bull Run.
Those who are able to take advantage of this opportune time to grow their portfolios will be the ones who will benefit the most from the Bitcoin bull run. Moreover, with the strength that Bitcoin has accumulated from long bear markets, there is no doubt that it will be stronger in future bull markets than in the past.

[Oasisman]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

I don't think we're seeing a pump yet, It looks like this just part of the recovery after the attack on the mempool and the SEC crack down on big crypto exchanges. All of that were just a big part of the plan to drag bitcoin down, so these people could buy at a very low price if plan all goes well, and yeah that includes the SEC people. However, bitcoin didn't even cross below $25k so I don't all those plans have really worked out for them. Now, investors are gradually accumulating as a prep for the next bitcoin pump, aka the halving. So, that translates as to why bitcoin stays it's ground despite of the attack, though there were those who got scared and sold their bags, but for sure they're back in the game now LOL!

[wiss19]

OP, Take a look at the market once in a while. For example, the BTC price is going sideways and suddenly a large amount of money enters the market and makes the BTC price soar, of course there are those who smile and are confused. For those who know just smile and for those who don't know, they are still confused about what happened, why did the increase suddenly increase... I think it's easy to conclude that, there is a large demand for buying and selling less and this is inseparable and related to matters that form the basis of general market sentiment.

It doesn't really always work that way, I know that demand and supply is the way how the market generally moves but sometimes there is a lot of manipulation happening in the cryptocurrency market, whales make big walls or buying and selling orders to either bring the price down or up based on what they are willing to do, if they want to sell some of their assets high, they make a buying wall so that people start buying above them.

When there is no manipulation the market moves very slowly unless some whale enters the market and buys or sells a very large amount of assets which will make the market either go up or down, otherwise, with retail investors it will take way more time for the market to move.

[posi]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

I don't think we're seeing a pump yet, It looks like this just part of the recovery after the attack on the mempool and the SEC crack down on big crypto exchanges. All of that were just a big part of the plan to drag bitcoin down, so these people could buy at a very low price if plan all goes well, and yeah that includes the SEC people. However, bitcoin didn't even cross below $25k so I don't all those plans have really worked out for them. Now, investors are gradually accumulating as a prep for the next bitcoin pump, aka the halving. So, that translates as to why bitcoin stays it's ground despite of the attack, though there were those who got scared and sold their bags, but for sure they're back in the game now LOL!

The SEC's crackdown on exchanges wasn't strong enough to get bitcoin to drop below $25k, but that doesn't mean people are actively accumulating, and that's not why bitcoin hasn't dropped too much. Even though we are getting closer to the halving with each passing day, but I still think there will be more corrections in the coming months than thinking bitcoin will never go below $25k again. I'm still DCAing monthly, but I'm still waiting for a buy under $25k.

[asrinur]

I think, the recent rise in the price of Bitcoin can be due to the positive news, investor speculation and increased mainstream awareness of the cryptocurrency. This pump is likely to have an impact on the cryptocurrency market as a whole by increasing the interest and prices of other crypto assets. However, high price fluctuations and investment risks need to be watched out for in the volatile cryptocurrency market.

[zaim7413]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Basically the price of Bitcoin is influenced by demand and supply in the market, logically if the demand for purchasing power of Bitcoin in the market is higher or exceeds supply then the price of Bitcoin will rise. Investor actions that hold more Bitcoin can affect Bitcoin prices due to increasingly limited supplies, news presented about Bitcoin can also trigger Bitcoin price movements. The views of government agencies (Regulation) on Bitcoin can also affect the price of Bitcoin.
The price of Bitcoin will continue to change as investors, users, and the government respond positively to Bitcoin as a capital asset.

[Nrcewker]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

I would say many factors affect the price of bitcoin. So yes as you mentioned the combination of all maybe the reason for the sudden pump. Bitcoins price only goes down when there is a negative news against it. Negative news like the SEC lawsuit and TSM controversy. And if you ask me how this pump will impact on the crypto market then let me tell you that the market majorly follows the bitcoin’s price. Hence we might see green for the rest of the month. Let’s hope for the best and accumulate as many bitcoins as we can in the meantime.

[justdimin]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Basically the price of Bitcoin is influenced by demand and supply in the market, logically if the demand for purchasing power of Bitcoin in the market is higher or exceeds supply then the price of Bitcoin will rise. Investor actions that hold more Bitcoin can affect Bitcoin prices due to increasingly limited supplies, news presented about Bitcoin can also trigger Bitcoin price movements. The views of government agencies (Regulation) on Bitcoin can also affect the price of Bitcoin.
The price of Bitcoin will continue to change as investors, users, and the government respond positively to Bitcoin as a capital asset.

That is the simplest terms, people should realize that it's all about buying and selling, nothing more. If the market is willing to buy more and more then we are going to see it do very well, if the market just wants to sell and get rid of then we are going to see it do terribly. That has been the way any market has worked for a long time.

Even for simplest things, like let's say tomatos, if in a single season tomatos are not sold very well and people are not buying it for some reason, the price of tomato will fall just to sell it before it goes bad, but if people are buying it a lot, there will be less left and the price would go up. That's how it all works and I believe that should be the same thing with bitcoin as well.

[Odusko]

I think the recent rise in the price of Bitcoin can be due to the positive news, investor speculation, and increased mainstream awareness of the cryptocurrency. This pump is likely to have an impact on the cryptocurrency market as a whole by increasing the interest and prices of other crypto assets. However, high price fluctuations and investment risks need to be watched out for in the volatile cryptocurrency market.

That is right because this outcome can not be pushed up by just one single factor and that is why it is hard for us to point out that the factor is this and that because bitcoin is an organic asset and for that, its price movement is left for speculation and that is why there has been so much speculation in the market today.
From the comments of multiple users here, their point to the sec decision is the trigger for the recent market rise and if we look closely bitcoin was already gaining momentum before the sec vs Binance shit happened and I can't still say that has anything to do with the price movement.

[Silberman]

That is the simplest terms, people should realize that it's all about buying and selling, nothing more. If the market is willing to buy more and more then we are going to see it do very well, if the market just wants to sell and get rid of then we are going to see it do terribly. That has been the way any market has worked for a long time.

Even for simplest things, like let's say tomatos, if in a single season tomatos are not sold very well and people are not buying it for some reason, the price of tomato will fall just to sell it before it goes bad, but if people are buying it a lot, there will be less left and the price would go up. That's how it all works and I believe that should be the same thing with bitcoin as well.

And you are right, it took a lot of time for people to figure out the law of supply and demand but once we did so we made progress in understanding how the economy works, most of the time people try to find some kind of fundamental news to explain the movements of bitcoin, however there have been many instances in which negative or positive news produce no effect on the market, this tell us most events are not really that important and do not move the markets, what moves the markets is the demand for bitcoin and its supply and nothing more.

[GeorgeJohn]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Actually, in a normal circumstances what triggers the acceleration of bitcoin is as result of the gravity of demands in the market and in other ways what makes bitcoin to have a higher demand is when their is a positive information or speculation circulating concerning propagation of bitcoin, actually its not really ideal to make a particular emphasis or point of bitcoin, because you can predict the price of bitcoin now and reaching tomorrow the price fall below your predictions or increases above your analysis concerning bitcoin increment, so therefore I will not mention a specific time bitcoin price  can be stagnant for awhile

[CarnagexD]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

I've been saying it quite before that when it's already in a bull market, it will be obvious. Do you think it is obvious that it is going higher? Then why do you think you are doubting the move? That exact feeling is when many investors are left out of the opportunity presented to them. The pump of BTC will always impact the whole crypto market because it always have the dominance overall by means of its market cap. On my analysis, that pump could be just a bait for more short positions. So I will remain liquid until I see a clearer picture for my technical analysis and fundamental analysis such news and more of seasonal tendency.

[wmaurik]

I think, the recent rise in the price of Bitcoin can be due to the positive news, investor speculation and increased mainstream awareness of the cryptocurrency. This pump is likely to have an impact on the cryptocurrency market as a whole by increasing the interest and prices of other crypto assets. However, high price fluctuations and investment risks need to be watched out for in the volatile cryptocurrency market.

I think more that the price increase that is starting to happen frequently now is due to the high interest among investors and also new traders who are starting to want to buy Bitcoin in any amount so that there is an increasing push that is always seen besides being caused by positive news and also speculation that is born lately. I also hope that better pumps and support can continue in Bitcoin in this year so that Bitcoin can be at a better price than it is now.

[skarais]

~~~

I think more that the price increase that is starting to happen frequently now is due to the high interest among investors and also new traders who are starting to want to buy Bitcoin in any amount so that there is an increasing push that is always seen besides being caused by positive news and also speculation that is born lately. I also hope that better pumps and support can continue in Bitcoin in this year so that Bitcoin can be at a better price than it is now.

Investor interest in buying bitcoin as a long term investment has increased as they really expect huge returns after the halving. That potential return is totally to be expected considering ATH usually looks so real less than 2 years after the halving. Currently the price of bitcoin is still relatively low for long-term investment, so they start preparing now, not later.

I can also advise you to set it up now if you haven't already, but stick with the strategy you've used the most so far. DCA is definitely very helpful when the market is really unstable due to several sales.

[Bushdark]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

The market will move to any direction and I don't think it is something we can manipulate and determine ourselves without trying hard to guess what the price of Bitcoin could be at a certain time of the year. Those who had been in the market for some many years now will understand that the market does not move at our own pace. Even though we predict and things went in the way we have predicted the market, that does not mean that we really understand or know how the market works. All our opinions are based on guesses and that is what the market is all about to trade in the market.

[South Park]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

The market will move to any direction and I don't think it is something we can manipulate and determine ourselves without trying hard to guess what the price of Bitcoin could be at a certain time of the year. Those who had been in the market for some many years now will understand that the market does not move at our own pace. Even though we predict and things went in the way we have predicted the market, that does not mean that we really understand or know how the market works. All our opinions are based on guesses and that is what the market is all about to trade in the market.

Trying to guess the movements of the market is important for traders as that is the way they can make money, but at the same time I think too many of them make too great of a deal about it, as there are many trading strategies which are terrible at predicting what the next movement of the market will be, and despite their low accuracy the traders behind those strategies can still make money with them as they are able to take part on the most important movements of the market and take advantage of them.

[Halime Anatolia]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

The market will move to any direction and I don't think it is something we can manipulate and determine ourselves without trying hard to guess what the price of Bitcoin could be at a certain time of the year. Those who had been in the market for some many years now will understand that the market does not move at our own pace. Even though we predict and things went in the way we have predicted the market, that does not mean that we really understand or know how the market works. All our opinions are based on guesses and that is what the market is all about to trade in the market.

Trying to guess the movements of the market is important for traders as that is the way they can make money, but at the same time I think too many of them make too great of a deal about it, as there are many trading strategies which are terrible at predicting what the next movement of the market will be, and despite their low accuracy the traders behind those strategies can still make money with them as they are able to take part on the most important movements of the market and take advantage of them.

As in the next three days, it's holiday time and this has become a custom in itself to prepare for someone's BTC accumulation, because the dominant sell-off occurs. If by next Tuesday the price goes up again due to less selling and more buying. Yes. Being clever at reading moments and opportunities to enter the market is the first thing in trading as you mean.

[jostorres]

I think, the recent rise in the price of Bitcoin can be due to the positive news, investor speculation and increased mainstream awareness of the cryptocurrency. This pump is likely to have an impact on the cryptocurrency market as a whole by increasing the interest and prices of other crypto assets. However, high price fluctuations and investment risks need to be watched out for in the volatile cryptocurrency market.

I think more that the price increase that is starting to happen frequently now is due to the high interest among investors and also new traders who are starting to want to buy Bitcoin in any amount so that there is an increasing push that is always seen besides being caused by positive news and also speculation that is born lately. I also hope that better pumps and support can continue in Bitcoin in this year so that Bitcoin can be at a better price than it is now.

Maybe because they know that the bull run and/or the halving is approaching? So, they are now hurrying up to accumulate while the price right now is still cheap. I'm talking about the investors but for traders, they can always trade even without the need to wait for those big positive events. Investing doesn't need a minimum but there is for trading because of the left and right fees.

Speculation is always there but I don't know if there is truly a positive news lately because I haven't heard any. That's not a big deal anyway. What important is we are having these price increases. Don't worry mate because all that you wish for BTC are surely going to be achieved even not within this year.

[imamusma]

I think more that the price increase that is starting to happen frequently now is due to the high interest among investors and also new traders who are starting to want to buy Bitcoin in any amount so that there is an increasing push that is always seen besides being caused by positive news and also speculation that is born lately. I also hope that better pumps and support can continue in Bitcoin in this year so that Bitcoin can be at a better price than it is now.

Maybe because they know that the bull run and/or the halving is approaching? So, they are now hurrying up to accumulate while the price right now is still cheap. I'm talking about the investors but for traders, they can always trade even without the need to wait for those big positive events. Investing doesn't need a minimum but there is for trading because of the left and right fees.

Speculation is always there but I don't know if there is truly a positive news lately because I haven't heard any. That's not a big deal anyway. What important is we are having these price increases. Don't worry mate because all that you wish for BTC are surely going to be achieved even not within this year.

When the demand is higher than the supply, the price will be pushed up higher. This is the law of the market for a scarce asset like bitcoin, and certainly it has been exploited by the average investor and trader to derive returns from its volatility. Of course the halving will very likely drive more demand, but regarding high prices and new ATH, it's very uncertain.

Bitcoin has great potential as a long-term investment asset, of course because it is an asset that is on a growth trend which is really good to look forward to. Even bitcoin tends to be able to provide greater returns than gold, but with higher risk. So don't get 100% budget on bitcoin without diversifying your budget as a reserve budget or diversifying assets. It's too risky for you.

[serjent05]

I think more that the price increase that is starting to happen frequently now is due to the high interest among investors and also new traders who are starting to want to buy Bitcoin in any amount so that there is an increasing push that is always seen besides being caused by positive news and also speculation that is born lately. I also hope that better pumps and support can continue in Bitcoin in this year so that Bitcoin can be at a better price than it is now.

Maybe because they know that the bull run and/or the halving is approaching? So, they are now hurrying up to accumulate while the price right now is still cheap. I'm talking about the investors but for traders, they can always trade even without the need to wait for those big positive events. Investing doesn't need a minimum but there is for trading because of the left and right fees.

Speculation is always there but I don't know if there is truly a positive news lately because I haven't heard any. That's not a big deal anyway. What important is we are having these price increases. Don't worry mate because all that you wish for BTC are surely going to be achieved even not within this year.

When the demand is higher than the supply, the price will be pushed up higher. This is the law of the market for a scarce asset like bitcoin, and certainly it has been exploited by the average investor and trader to derive returns from its volatility. Of course the halving will very likely drive more demand, but regarding high prices and new ATH, it's very uncertain.

The interest and participation of institution will more likely push the price of Bitcoin exponentially because they have the funds to move the Bitcoin market.  The halving become the catalyst of Bull run because of the mindset it relay that Bitcoin supply is half so the Bitcoin supply to market is also getting half and with the idea of the ever growing community of users, investors often gets to FOMO thus inflating the market artificially

Bitcoin has great potential as a long-term investment asset, of course because it is an asset that is on a growth trend which is really good to look forward to. Even bitcoin tends to be able to provide greater returns than gold, but with higher risk. So don't get 100% budget on bitcoin without diversifying your budget as a reserve budget or diversifying assets. It's too risky for you.

Yeah Bitcoin being a young industry have lots of room for growth.  So investors see this a potential in getting profit if they become the pioneers of the industry.

[wmaurik]

Maybe because they know that the bull run and/or the halving is approaching? So, they are now hurrying up to accumulate while the price right now is still cheap. I'm talking about the investors but for traders, they can always trade even without the need to wait for those big positive events. Investing doesn't need a minimum but there is for trading because of the left and right fees.

Investors with long-term targets always have greater hopes through a more significant price increase every year even though they also know about bull run or halving moments which with a certain duration can always happen to Bitcoin. Because those are the moments that investors really hope to see bigger prices in Bitcoin.

Speculation is always there but I don't know if there is truly a positive news lately because I haven't heard any. That's not a big deal anyway. What important is we are having these price increases. Don't worry mate because all that you wish for BTC are surely going to be achieved even not within this year.

I have never been worried about this mate, because I still have very deep faith in Bitcoin so that I still consider speculative and news things to be normal around Bitcoin because currently there are so many Bitcoin users which has also resulted in the birth of more diverse speculations. Positive news can also make the price stay in a good area so that is also very much needed for Bitcoin so it doesn't give birth to a bigger correction.

[Mahanton]

I think, the recent rise in the price of Bitcoin can be due to the positive news, investor speculation and increased mainstream awareness of the cryptocurrency. This pump is likely to have an impact on the cryptocurrency market as a whole by increasing the interest and prices of other crypto assets. However, high price fluctuations and investment risks need to be watched out for in the volatile cryptocurrency market.

I think more that the price increase that is starting to happen frequently now is due to the high interest among investors and also new traders who are starting to want to buy Bitcoin in any amount so that there is an increasing push that is always seen besides being caused by positive news and also speculation that is born lately. I also hope that better pumps and support can continue in Bitcoin in this year so that Bitcoin can be at a better price than it is now.

Maybe because they know that the bull run and/or the halving is approaching? So, they are now hurrying up to accumulate while the price right now is still cheap. I'm talking about the investors but for traders, they can always trade even without the need to wait for those big positive events. Investing doesn't need a minimum but there is for trading because of the left and right fees.

Speculation is always there but I don't know if there is truly a positive news lately because I haven't heard any. That's not a big deal anyway. What important is we are having these price increases. Don't worry mate because all that you wish for BTC are surely going to be achieved even not within this year.

Would really be just common sense and even if we do say that we are really that new or noob into this space but its really that impossible that you wouldnt really be able to determine out if its good or not that right to enter
on this space as of this moment but on the time that you've been aware or wary that we are fast approaching with the halving event with Bitcoin on which we do assume out that bull run would comes next then this
is the best time for us to accumulate coins which we do know that it does have potential on increasing its price on upcoming bull run. Decisions something like this would be entirely be depending on a certain individual or investor because not all would really be sharing up with the same mindset and decisions would be made out on this specific conditions. Invest according into your knowledge and awareness on how this market behaves,
so that you wouldn't really be ending up on regretting on the time that you do have seen that the market do make out that specific movement on a particular time.

[uswa56]

Maybe because they know that the bull run and/or the halving is approaching? So, they are now hurrying up to accumulate while the price right now is still cheap. I'm talking about the investors but for traders, they can always trade even without the need to wait for those big positive events. Investing doesn't need a minimum but there is for trading because of the left and right fees.

Investors with long-term targets always have greater hopes through a more significant price increase every year even though they also know about bull run or halving moments which with a certain duration can always happen to Bitcoin. Because those are the moments that investors really hope to see bigger prices in Bitcoin.

That is always expected by many investors, especially long-term bitcoin investors, but apart from that they will not have any effect on the pump that is happening and some of them don't even care because they are waiting or want a better price.
And I never thought anyone would know that a bull run and/or halving was imminent so many people were buying or vice versa to be the reason for this big pump.
I think price increases and corrections that occur are very common, and we don't think there is a need to be specific about why they are because that's how the crypto market works.

[coolcoinz]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

What caused bitcoin to stay below 20k for so long is more interesting to me. If we consider all possibilities, BlackRock and other companies knew they were going to launch bitcoin oriented services long before they announced it. They knew it in 2022, I'm sure of it. In that case an extended bear market was good for them and allowed them to buy cheap.

I think that all people who were selling at 17 18 and 19k were selling to BlackRock and its affiliates and insiders. That's why when bitcoin begun to recover on its own, reaching 25k, these companies decided to announce their moves all at once, because they knew we're starting a bullish trend, a reversal, and waiting for lower lows doesn't make sense anymore.

[STT]

Nice to buy into weakness when you know you have a very long term plan for holding that asset and normally the buying would rise the price but during weakness you have a cover and an ideal exchange from weak hands to long term hold.      Reminds me of way back in the 1980's when Buffet decided he wanted to hold Coke stock forever so he was buying upto a personal maximum every day for months that would keep himself under the radar;  for some reason it was unpopular and I guess Coke is old news (we do have alot of modern replacements, alternates) but it was a forever thing for him and he was not wrong.

[wmaurik]

That is always expected by many investors, especially long-term bitcoin investors, but apart from that they will not have any effect on the pump that is happening and some of them don't even care because they are waiting or want a better price.
And I never thought anyone would know that a bull run and/or halving was imminent so many people were buying or vice versa to be the reason for this big pump.
I think price increases and corrections that occur are very common, and we don't think there is a need to be specific about why they are because that's how the crypto market works.

The crypto market will always seem to work when there is always demand and supply going on in it, because without this the market will not work on its own every year. For the problem of concern for long-term Bitcoin investors in terms of price, it can also be an influence in the market because usually they are more patient in holding assets than their desire to sell more quickly, but this only affects price resistance in the market, not for market performance every day because price movements in the market are more influenced by the many traders who always come to the market to buy and sell there.

[beerlover]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

What caused bitcoin to stay below 20k for so long is more interesting to me. If we consider all possibilities, BlackRock and other companies knew they were going to launch bitcoin oriented services long before they announced it. They knew it in 2022, I'm sure of it. In that case an extended bear market was good for them and allowed them to buy cheap.

I think that all people who were selling at 17 18 and 19k were selling to BlackRock and its affiliates and insiders. That's why when bitcoin begun to recover on its own, reaching 25k, these companies decided to announce their moves all at once, because they knew we're starting a bullish trend, a reversal, and waiting for lower lows doesn't make sense anymore.

Of course they knew about it and they are going to be making a good amount of profit when the time comes but it's also a bit of a trouble for companies when they do something they think could make them a profit later on, but that later on doesn't come quick enough. A lot of companies went under because of this, they believed that the price will be better but that better price never came, it kept on going down and resulted with a lost amount of profit.

This isn't even just companies, even nations are like that nowadays, look at El Salvador buying bitcoin, they bought it way too high and they tried to recover from that as well. So you could be as rich as you want, but if the investment doesn't pan out for multiple years, it becomes a trouble.

[justdimin]

That is always expected by many investors, especially long-term bitcoin investors, but apart from that they will not have any effect on the pump that is happening and some of them don't even care because they are waiting or want a better price.
And I never thought anyone would know that a bull run and/or halving was imminent so many people were buying or vice versa to be the reason for this big pump.
I think price increases and corrections that occur are very common, and we don't think there is a need to be specific about why they are because that's how the crypto market works.

The crypto market will always seem to work when there is always demand and supply going on in it, because without this the market will not work on its own every year. For the problem of concern for long-term Bitcoin investors in terms of price, it can also be an influence in the market because usually they are more patient in holding assets than their desire to sell more quickly, but this only affects price resistance in the market, not for market performance every day because price movements in the market are more influenced by the many traders who always come to the market to buy and sell there.

I believe that it is going to take some time before people could realize how terribly long time it takes for crypto to make a move like that. I know that it is not going to be easy but if we could wait for it then the supply/demand mechanics will make sure that the price will go up. Of course this won't be easy and we are going to see some things change for the better as well but we just need to realize that it is not going to be that easy.

Waiting is the hardest part for many people, but if we could make it happen then it is not going to be that impossible neither. Realizing that crypto is something that is profitable, specially bitcoin, over course of long period of time is something that takes time but everyone understands it eventually.

[wmaurik]

I believe that it is going to take some time before people could realize how terribly long time it takes for crypto to make a move like that. I know that it is not going to be easy but if we could wait for it then the supply/demand mechanics will make sure that the price will go up. Of course this won't be easy and we are going to see some things change for the better as well but we just need to realize that it is not going to be that easy.

Waiting is the hardest part for many people, but if we could make it happen then it is not going to be that impossible neither. Realizing that crypto is something that is profitable, specially bitcoin, over course of long period of time is something that takes time but everyone understands it eventually.

From what I've seen before, most people who are willing to wait longer after buying Bitcoin with the intention of investing are more likely to profit at a better moment. Although there are also those who regret being too hasty to buy at high prices and can't wait for the price to drop so they can buy at lower prices, so we also have to have a level of patience in waiting for the best to come because if we only rely on capital and courage in buying. Someone will not get a more tolerable profit if his patience is still very little.

[BITCOIN4X]

~Snip

From what I've seen before, most people who are willing to wait longer after buying Bitcoin with the intention of investing are more likely to profit at a better moment. Although there are also those who regret being too hasty to buy at high prices and can't wait for the price to drop so they can buy at lower prices, so we also have to have a level of patience in waiting for the best to come because if we only rely on capital and courage in buying. Someone will not get a more tolerable profit if his patience is still very little.

It is true that patience can earn bitcoin holders a commensurate return in the long term, but it will be very difficult for those who do not have much experience with this investment. Not all investors will last much longer if they have seen the benefits of market volatility, but there are times when they will regret selling if the price ends up going higher than they expected.

Bitcoin holders don't have to be holders forever, that means they also need to sell their bitcoin and take profits. They can also adjust their investment strategy instead of just holding, I mean they can accumulate bitcoin instead of being satisfied with their current holdings.

[asrinur]

I believe that it is going to take some time before people could realize how terribly long time it takes for crypto to make a move like that. I know that it is not going to be easy but if we could wait for it then the supply/demand mechanics will make sure that the price will go up. Of course this won't be easy and we are going to see some things change for the better as well but we just need to realize that it is not going to be that easy.

Waiting is the hardest part for many people, but if we could make it happen then it is not going to be that impossible neither. Realizing that crypto is something that is profitable, specially bitcoin, over course of long period of time is something that takes time but everyone understands it eventually.

From what I've seen before, most people who are willing to wait longer after buying Bitcoin with the intention of investing are more likely to profit at a better moment. Although there are also those who regret being too hasty to buy at high prices and can't wait for the price to drop so they can buy at lower prices, so we also have to have a level of patience in waiting for the best to come because if we only rely on capital and courage in buying. Someone will not get a more tolerable profit if his patience is still very little.

Correct. I agree with you that in investing, especially in the crypto world, relying on capital alone is not enough if it is not accompanied by a high level of patience. Apart from that, psychological factors also influence us in investing. Sometimes people panic sell when they see market conditions experiencing a significant decline and hear negative news, which makes them make the wrong decision which ultimately results in big losses.

[wmaurik]

Correct. I agree with you that in investing, especially in the crypto world, relying on capital alone is not enough if it is not accompanied by a high level of patience. Apart from that, psychological factors also influence us in investing. Sometimes people panic sell when they see market conditions experiencing a significant decline and hear negative news, which makes them make the wrong decision which ultimately results in big losses.

Those who have more patience when investing definitely have wiser psychology so they don't panic easily when they see negative news or temporary price drops in the market. Capital is something that is quite important so it needs to be looked after properly when investing, so there is no need to sell when the price drops which could result in us making a loss. Because while looking for profits through the capital we have used, we also need to be patient so that we don't easily lose due to the influence of negative news.

[YOSHIE]

Looking forward to hearing your insights and opinions!"

Maybe if you compare the price of Bitcoin today with a few weeks ago, yes, there has been development in terms of price and if you compare it with some of the speculation that was seen at the end of November, the difference is also very big.

I see that the current crypto market is not improving, whether it is all caused by certain factors or indeed the current situation in society is not very good, but whatever the speculation and predictions regarding the current development of Bitcoin, I am sure everything will be fine.

Regarding the OP's question, if I stick to my personal speculation, about the current increase in Bitcoin prices, that is not a definite guideline to consider, it is just a simulation.

[taufik123]

-snip-
I see that the current crypto market is not improving, whether it is all caused by certain factors or indeed the current situation in society is not very good, but whatever the speculation and predictions regarding the current development of Bitcoin, I am sure everything will be fine.
-snip-

In the end all will be well, we have seen how the price increase of Bitcoin was able to break the price of $30k and is currently still stable at the price of $ 37k ++.

Although some bad news started coming, like CZ's resignation due to problems with the SEC,
this certainly had an effect on the trend of the crypto Market, as Binance is the largest CEX at the moment.

But that's just going to be a problem that will go away in an instant, because we'll see a halving in a few months next year.

Now of course is the time to buy, if there are a few more FUDs coming we certainly enter in December, which is a month with many discounts including on crypto.
Take advantage of the opportunity to continue adding some assets to your portfolio.

[jaberwock]

Correct. I agree with you that in investing, especially in the crypto world, relying on capital alone is not enough if it is not accompanied by a high level of patience. Apart from that, psychological factors also influence us in investing. Sometimes people panic sell when they see market conditions experiencing a significant decline and hear negative news, which makes them make the wrong decision which ultimately results in big losses.

Those who have more patience when investing definitely have wiser psychology so they don't panic easily when they see negative news or temporary price drops in the market. Capital is something that is quite important so it needs to be looked after properly when investing, so there is no need to sell when the price drops which could result in us making a loss. Because while looking for profits through the capital we have used, we also need to be patient so that we don't easily lose due to the influence of negative news.

To have a patience is important in investing, especially if we are investing in older coins because their growth is now slow but once they pump in the bull run, it is also going to be massive. Not all are wise or aware that the happenings that they see are only normal and temporary by the time they first enter here but it also took them a lot of trials and error. Apart from being wise, to be knowledgeable can also work the same.

All the above, capital is important because without it, we won't have an investment. It is usually prepared before we start, although we can look for more if we are planning to increase our bags really well. It's not the capital that we need, for us to not sell, but it's to have a good balance outside.

[EluguHcman]

so for now I wouldn't call it a pump on less it breaks $36k.

@Salahmu, I would consider OP being a newbie contrast to his affirmative curiosity and his insight of excitement to had counted profits to the value of capital invested in the platform.
You can wait until the outbreak to $36K before concurring there is a pump but personally OP got a pump sighted probably to Considering the rate of Bitcoin when he came on board. You literally dont have to wait for Bitcoin price to break $36K before sighting a pump as you could say the value was a retrace.
If so, I would give your take of $36K a very long margin to say that I would await for the price to break above $69K before I could also say it is a pump as $69K can also be a retrace price of Bitcoin in the history of Bitcoin markets too.

Secondly I don't think Bitcoin moves based on speculation and news because is not a Meme coin that moves based on speculation and news

Certainly, Bitcoin is a decentralized digital currency that its volatility accelerations is depended by demands values by which it is evaluated. @ OP, the news and investors speculations about Bitcoin doesn't really increase the value of Bitcoin price rather it serves a streaming to widen range of bitcoins awareness so as to increase the volume of demands.

[Sophokles]

I believe that it is going to take some time before people could realize how terribly long time it takes for crypto to make a move like that. I know that it is not going to be easy but if we could wait for it then the supply/demand mechanics will make sure that the price will go up. Of course this won't be easy and we are going to see some things change for the better as well but we just need to realize that it is not going to be that easy.

Waiting is the hardest part for many people, but if we could make it happen then it is not going to be that impossible neither. Realizing that crypto is something that is profitable, specially bitcoin, over course of long period of time is something that takes time but everyone understands it eventually.

From what I've seen before, most people who are willing to wait longer after buying Bitcoin with the intention of investing are more likely to profit at a better moment. Although there are also those who regret being too hasty to buy at high prices and can't wait for the price to drop so they can buy at lower prices, so we also have to have a level of patience in waiting for the best to come because if we only rely on capital and courage in buying. Someone will not get a more tolerable profit if his patience is still very little.

Correct. I agree with you that in investing, especially in the crypto world, relying on capital alone is not enough if it is not accompanied by a high level of patience. Apart from that, psychological factors also influence us in investing. Sometimes people panic sell when they see market conditions experiencing a significant decline and hear negative news, which makes them make the wrong decision which ultimately results in big losses.

In this case you need to have a strategy to manage your funds if a way that it can minimize your risk in any major correction by maximizing profits. Taking financial decisions with emotion is a very bad practice a person can have even outside of crypto. Sometimes our short term financial inability forces us to sell our crypto holding even at a loss so we need to have a financial plan for both the crypto world and our real lives. Selling assets in terms of emergency needs will limit your profit in any kind of business.

[YUriy1991]

Regarding the BTC price increase, I'm sure you have seen and paid attention to it long before you asked. It's just that, both I and we here want to know how accurate the price development is, where we also know that the issues being raised are very strong in the potential increase in BTC for the next year and I think an exception will be made for the analysis of political events and how they affect crypto and always be wary of Euphoria and Fomo.

[legendbtc]

-snip-
I see that the current crypto market is not improving, whether it is all caused by certain factors or indeed the current situation in society is not very good, but whatever the speculation and predictions regarding the current development of Bitcoin, I am sure everything will be fine.
-snip-

In the end all will be well, we have seen how the price increase of Bitcoin was able to break the price of $30k and is currently still stable at the price of $ 37k ++.

Although some bad news started coming, like CZ's resignation due to problems with the SEC,
this certainly had an effect on the trend of the crypto Market, as Binance is the largest CEX at the moment.

But that's just going to be a problem that will go away in an instant, because we'll see a halving in a few months next year.

Now of course is the time to buy, if there are a few more FUDs coming we certainly enter in December, which is a month with many discounts including on crypto.
Take advantage of the opportunity to continue adding some assets to your portfolio.

But I think the current market situation is not so bad, if you compare it to what happened last year, it's clear that everything is very positive. Since the beginning of the year bitcoin has gone from $17k to $38k, how can you say things haven't improved? For me, this has been a year of significant achievements, especially in October so far, I have significantly increased my bitcoin holdings thanks to altcoin gains.

I don't think the market will have another dump but if there is some negative news that causes bitcoin to plummet in December then it will be a good opportunity to accumulate bitcoin rather than fear.

[Fatunad]

I believe that it is going to take some time before people could realize how terribly long time it takes for crypto to make a move like that. I know that it is not going to be easy but if we could wait for it then the supply/demand mechanics will make sure that the price will go up. Of course this won't be easy and we are going to see some things change for the better as well but we just need to realize that it is not going to be that easy.

Waiting is the hardest part for many people, but if we could make it happen then it is not going to be that impossible neither. Realizing that crypto is something that is profitable, specially bitcoin, over course of long period of time is something that takes time but everyone understands it eventually.

From what I've seen before, most people who are willing to wait longer after buying Bitcoin with the intention of investing are more likely to profit at a better moment. Although there are also those who regret being too hasty to buy at high prices and can't wait for the price to drop so they can buy at lower prices, so we also have to have a level of patience in waiting for the best to come because if we only rely on capital and courage in buying. Someone will not get a more tolerable profit if his patience is still very little.

Correct. I agree with you that in investing, especially in the crypto world, relying on capital alone is not enough if it is not accompanied by a high level of patience. Apart from that, psychological factors also influence us in investing. Sometimes people panic sell when they see market conditions experiencing a significant decline and hear negative news, which makes them make the wrong decision which ultimately results in big losses.

In this case you need to have a strategy to manage your funds if a way that it can minimize your risk in any major correction by maximizing profits. Taking financial decisions with emotion is a very bad practice a person can have even outside of crypto. Sometimes our short term financial inability forces us to sell our crypto holding even at a loss so we need to have a financial plan for both the crypto world and our real lives. Selling assets in terms of emergency needs will limit your profit in any kind of business.

Actually it is really that hard to avoid on not to make any reactions since we are just humans on which it is normal that we will be having those kind of impulsve approach because no one really likes on losing money
or seeing our portfolio which is on negative. If you cant be able to handle yourself well into this market, then it isn't bad to look for someones analysis too, not on the sense that you will be that
too depending or relying on it but snipping out some ideas which would be added up into yours will really be that ideal. Bitcoins price pump and dumps will really be that mattering on different factors but there are
indeed moments that even the market is really that too silent but still it would really be that making some random movement on which this what makes things even more harder to guess on where it would be going.

Outcome and results would really be that entirely depending on how well you do make yourself in terms with right decisions and calls. It might not be simple but doesnt
mean that it would be impossible. It is really just that matter on the actions that you are making and it would be always better that you should be that
sticking into your own plans.

[wmaurik]

In this case you need to have a strategy to manage your funds if a way that it can minimize your risk in any major correction by maximizing profits. Taking financial decisions with emotion is a very bad practice a person can have even outside of crypto. Sometimes our short term financial inability forces us to sell our crypto holding even at a loss so we need to have a financial plan for both the crypto world and our real lives. Selling assets in terms of emergency needs will limit your profit in any kind of business.

Because of this, everyone needs a separation between funds for their needs in life and funds for their needs in the crypto space so that someone will always be protected from difficulties when their crypto assets experience major corrections in the market. I never mix funds for living with funds for crypto needs because I am very aware that relying completely on the crypto space can bring difficulties for myself. So I will continue to choose to work on my hobby all this time even though I have also made profits through the crypto space which makes me stay here and will never stop hoping for the best from Bitcoin.

[Zanab247]

With this current price of BTC, it show that bull run will appear soon for those that want to sell their BTC to begin to make profits and save some money to invest when another bear run appear again in the market. Since the price of BTC was able to reach $38k in this month of November and, the green light is still showing in the market for those that missed it before to use the opportunity to buy BTC and hodl Because next year will be massive profits to BTC investors.

If you have the opportunity to invest in BTC, try your possible best to hodl it like 5 years before you can sell and it will really help you to enjoy big profit that will make you a big man in your society and, it will make you to love BTC investment.

[huu78]

I also feel surprised because the bull market should not have ended and I agree with you, but if it is positive news that makes this market rise, actually there is still a lot of other positive news that has not come out yet.
plus news of the halving later which will make BTC prices rise again.

[danadc]

There are many who are insecure and may act based on what others say, but there is nothing better than putting money in a safe haven, for me the best safe haven is bitcoin , I respect the decisions of others, but I trust fully in Bitcoin.

Now things in bitcoin may differ, there are many options, good opportunities, it is not too late to buy under any criteria, that is why some things the price is ideal for bitcoin:

Bitcoin’s 2022 Bear Market Differed in One Critical Way Compared to Its 2018 Slump: Crypto Analyst Jamie Coutts

Former Bloomberg Intelligence analyst Jamie Coutts says one metric shows a key difference between Bitcoin’s (BTC) bearish phases in 2018 and 2022.

Coutts says that the number of BTC accumulation addresses soared in the 2022 bear market, while they decreased in the 2018 BTC market slump.

According to Coutts, the increase in accumulation addresses indicates a stronger belief in the future of Bitcoin.

“One of these Bitcoin bear markets is not like the other.

Accumulation addresses (bought twice and never sold):

2018: -20%

2022: +60%

Conviction.”

Source: https://dailyhodl.com/2023/12/02/bitcoins-2022-bear-market-differed-in-one-critical-way-compared-to-its-2018-slump-crypto-analyst-jamie-coutts/

I have always put a lot of vision into what can be done in this time, because now with Bitcoin things are quite opportunity, you don't have to think about risks, in every investment there are risks, but now you have to trust in what is safest , the safe money for me is in Bitcoin.

[AnonBitCoiner]

The recent surge is because of positive news as well as awareness about bitcoin therefore when more positive news originates then there is a possibility that the demanded asset will attain higher value. There are some news due to which the demand for bitcoin is settled in the mind of crypto users so when the buyer of bitcoin increases then the quantity will decreases which will increase Bitcoin's price.

When people heard news that very soon bitcoin and others coins will increases due to market pump then they get courage to buy bitcoin because everyone is in hope to get larger sum of money which they needs for essential requirements.

[wmaurik]

I also feel surprised because the bull market should not have ended and I agree with you, but if it is positive news that makes this market rise, actually there is still a lot of other positive news that has not come out yet.
plus news of the halving later which will make BTC prices rise again.

The influence of positive news and also the influence of large companies willing to buy more Bitcoin can also cause a bull market for Bitcoin, because there are many well-known companies willing to own Bitcoin at the moment. Most parties will also think about taking better advantage of this momentum through Bitcoin so that it can push the price upwards before the end of the year as has been happening so far in the market. So I also don't think that the bull market is over because it actually just started this month.

[bitterguy28]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

after 4 months of you asking this , now it is answered ? that it's just the beginning of the new coming ?

Now that Bitcoin climbed double of the value when you posted this back in July , I assume that your mind now are clear and ye find out the factors why price move that Pump in July and continued growing little by little till it reached 44k now.

I also feel surprised because the bull market should not have ended and I agree with you, but if it is positive news that makes this market rise, actually there is still a lot of other positive news that has not come out yet.
plus news of the halving later which will make BTC prices rise again.

well actually the post created in July mate meaning that the effect of what he was calling have passed due now and our pump these days are not from what is mentioned by OP though Mainstreaming and and speculation is also a Big factor here.

[EarnOnVictor]

I also feel surprised because the bull market should not have ended and I agree with you, but if it is positive news that makes this market rise, actually there is still a lot of other positive news that has not come out yet.
plus news of the halving later which will make BTC prices rise again.

The influence of positive news and also the influence of large companies willing to buy more Bitcoin can also cause a bull market for Bitcoin, because there are many well-known companies willing to own Bitcoin at the moment. Most parties will also think about taking better advantage of this momentum through Bitcoin so that it can push the price upwards before the end of the year as has been happening so far in the market. So I also don't think that the bull market is over because it actually just started this month.

To sum it up, we have a positive sentiment regarding Bitcoin now and this will linger for only God knows when. According to my experience with the asset in particular, there are times it falls and there are times it rises, and in practice, it always locks a very good and sizable amount of the price below it every 4 years during its major bullish season. This is what is causing most of the excitement we see now because if you limit it to the news and big companies buying Bitcoin alone, are they not buying it before?

But there is more to this at this moment, there is FOMO, and everyone wants to own their portion of Bitcoin and not miss out entirely. This was why I summarized it as "positive sentiment," and this could only explain the reason why some bad news is also passing through the headlines but at this time Bitcoin seems not to care about them at all. This is the power of the positive sentiment, it's such that even with very bad news, the market sentiment would still prevail as this is the real will of the people at the time. However, I believe this will continue to prevail for the next 1.5 years because the post-halving moment that causes much of the bull run in Bitcoin has not happened yet. The asset only benefited from the news and the believed advancement of Bitcoin through ETF which is why we found ourselves where we are. More is coming.

[wmaurik]

To sum it up, we have a positive sentiment regarding Bitcoin now and this will linger for only God knows when. According to my experience with the asset in particular, there are times it falls and there are times it rises, and in practice, it always locks a very good and sizable amount of the price below it every 4 years during its major bullish season. This is what is causing most of the excitement we see now because if you limit it to the news and big companies buying Bitcoin alone, are they not buying it before?

That is also quite true in what you said based on existing experience, because I also quite believe in the main bullish season after every four years and this is also very visible from the reality in the market. Now there are indeed many people who are happy with the improving conditions which can be considered bullish at this time because I personally am also quite happy to see this happen at the end of the year so the hope of seeing more recovery in the market will soon become a reality.

[justdimin]

To sum it up, we have a positive sentiment regarding Bitcoin now and this will linger for only God knows when. According to my experience with the asset in particular, there are times it falls and there are times it rises, and in practice, it always locks a very good and sizable amount of the price below it every 4 years during its major bullish season. This is what is causing most of the excitement we see now because if you limit it to the news and big companies buying Bitcoin alone, are they not buying it before?

That is also quite true in what you said based on existing experience, because I also quite believe in the main bullish season after every four years and this is also very visible from the reality in the market. Now there are indeed many people who are happy with the improving conditions which can be considered bullish at this time because I personally am also quite happy to see this happen at the end of the year so the hope of seeing more recovery in the market will soon become a reality.

That "belief" is becoming more and more like data each halving. Many people "believe" that we are going to have ATH about within one year of the halving, that means by 2025 spring or so we are going to see above 68k, or before that date of course, that's also possible. This is just a "belief" at the moment, but when enough people believe something like that will be true, it becomes a bit more like data instead of just a belief in people.

Why does it become like data, well when you get a huge group of people who believe that it will go up like that, then it is obvious that you are also talking about a lot of people who are willing to spend their money to buy, if you think it would go up, why wouldn't you buy right now, and when enough people spend enough money like that because they believe it will go up, that makes the price go up, and when the price goes up, suddenly they were right about thinking that it will go up, they made it go up by thinking it may go up.

[irhact]

The recent surge is because of positive news as well as awareness about bitcoin therefore when more positive news originates then there is a possibility that the demanded asset will attain higher value. There are some news due to which the demand for bitcoin is settled in the mind of crypto users so when the buyer of bitcoin increases then the quantity will decreases which will increase Bitcoin's price.

Some of the positives news are Bitcoin halving coming up next year and everyone is expecting Bitcoin price to do very well therefore they're buying more Bitcoin. Also the approval of a Bitcoin ETF been rumoured to be happening soon is also making investors excited and buying more Bitcoin. When the price of bitcoin pumps, it's always because there's a positive news in the market spreading around and as it pumps more investors buy and it continues pumping.

The current situation of the market isn't the bull market that we're expecting as many investors are beginners to think Bitcoin will see a new all time high due to this pump but it won't happen as we're yet to be in the bull market. This is just a pump because of the good news in the market and Bitcoin halving that is coming next year. Don't invest everything you have as the market can still dump due to traders taking profits from the pump of Bitcoin making them to make profits.

[wmaurik]

That "belief" is becoming more and more like data each halving. Many people "believe" that we are going to have ATH about within one year of the halving, that means by 2025 spring or so we are going to see above 68k, or before that date of course, that's also possible. This is just a "belief" at the moment, but when enough people believe something like that will be true, it becomes a bit more like data instead of just a belief in people.

The basis for this belief also has clear reasons because everyone has seen the previous data and refers to the reality that happened previously in Bitcoin when the market was very bullish until the creation of a new ATH. And it could also be that conditions that are getting better at this time will become a reference for everyone to continue to believe in Bitcoin and will continue to increase everyone's confidence in owning Bitcoin before and after the halving occurs.

Why does it become like data, well when you get a huge group of people who believe that it will go up like that, then it is obvious that you are also talking about a lot of people who are willing to spend their money to buy, if you think it would go up, why wouldn't you buy right now, and when enough people spend enough money like that because they believe it will go up, that makes the price go up, and when the price goes up, suddenly they were right about thinking that it will go up, they made it go up by thinking it may go up.

Who says I don't buy it now, in fact I made the purchase before Bitcoin experienced an increase like now because I have long been very confident in Bitcoin that the very real price increase will return to Bitcoin so I never thought about other people's beliefs in Bitcoin because I have my own confidence in buying Bitcoin by taking advantage of the price decline.

[stomachgrowls]

The recent surge is because of positive news as well as awareness about bitcoin therefore when more positive news originates then there is a possibility that the demanded asset will attain higher value. There are some news due to which the demand for bitcoin is settled in the mind of crypto users so when the buyer of bitcoin increases then the quantity will decreases which will increase Bitcoin's price.

Some of the positives news are Bitcoin halving coming up next year and everyone is expecting Bitcoin price to do very well therefore they're buying more Bitcoin. Also the approval of a Bitcoin ETF been rumoured to be happening soon is also making investors excited and buying more Bitcoin. When the price of bitcoin pumps, it's always because there's a positive news in the market spreading around and as it pumps more investors buy and it continues pumping.

The current situation of the market isn't the bull market that we're expecting as many investors are beginners to think Bitcoin will see a new all time high due to this pump but it won't happen as we're yet to be in the bull market. This is just a pump because of the good news in the market and Bitcoin halving that is coming next year. Don't invest everything you have as the market can still dump due to traders taking profits from the pump of Bitcoin making them to make profits.

For those who had been here on this market for a while or several years or cycles then it isnt really that shocking anymore that halving event would really be turning out that solid line for people to assume out that
bull run event is really that coming or would really be the next event to come on which it is really just that normal that people would really be trying out their best on accumulating coins as much as they could because they dont really want to get left behind on the time that bull run would take place on which it is really just that normal to have that kind of approach. Now that we are really that going near with the halving event of Bitcoin
then it would be neither the movement of price could be uprising but basing up on history or past events we do really still have that chance of last dip before market would really be shooting up.

The main thing that what makes it hard to speculate into this market that it was never been that predictable in the first place. Things do happen unexpectedly and this is why that if you are
really that someone whose really that dealing up with this space then you should really be making your mindset to expect the unexpected. 

[Jating]

To sum it up, we have a positive sentiment regarding Bitcoin now and this will linger for only God knows when. According to my experience with the asset in particular, there are times it falls and there are times it rises, and in practice, it always locks a very good and sizable amount of the price below it every 4 years during its major bullish season. This is what is causing most of the excitement we see now because if you limit it to the news and big companies buying Bitcoin alone, are they not buying it before?

That is also quite true in what you said based on existing experience, because I also quite believe in the main bullish season after every four years and this is also very visible from the reality in the market. Now there are indeed many people who are happy with the improving conditions which can be considered bullish at this time because I personally am also quite happy to see this happen at the end of the year so the hope of seeing more recovery in the market will soon become a reality.

But if you look at it right now? It's very bullish as we might say that we enter the bullish state very early because of a lot of good news that is coming in the crypto space. But it's the halving that will really change he air around us as it will be the catalyst for the next bull run.

And we've bounce back already, 3%++ in the next 24 hours. It's just a minor dip and it is to be expected. But then again, investors are very quick to scoop some bitcoins when it dip to $40k'ish and now we are at almost $43k again. So I guess the target of around $45k at the end of the year is still on the dot.

[God bless u]

That is also quite true in what you said based on existing experience, because I also quite believe in the main bullish season after every four years and this is also very visible from the reality in the market. Now there are indeed many people who are happy with the improving conditions which can be considered bullish at this time because I personally am also quite happy to see this happen at the end of the year so the hope of seeing more recovery in the market will soon become a reality.

A clear Bull run cannot be identified by any investor but if price attain the higher value and exists longer then it is consider as Bull season. As these days bitcoin increased and still it is 41k$ therefore people are more positive about investment in Bitcoin. One cannot predict that how longer the value of bitcoin will remains in upward position therefore bullish period is unknown that on which value it stops to increase more.

Halving is coming so this price Fluctuations is only for correction and everyone tends to accumulate more bitcoin so as the price increase more then they will take benefit from it. If once bitcoin again start to increase then it will cross the number of 45k$ in current year. We have experienced that after every four years there happens surge so four years will be completed in 2024 in which we will see new opportunities to get the best out of our investment.

[Yaunfitda]

That is also quite true in what you said based on existing experience, because I also quite believe in the main bullish season after every four years and this is also very visible from the reality in the market. Now there are indeed many people who are happy with the improving conditions which can be considered bullish at this time because I personally am also quite happy to see this happen at the end of the year so the hope of seeing more recovery in the market will soon become a reality.

A clear Bull run cannot be identified by any investor but if price attain the higher value and exists longer then it is consider as Bull season. As these days bitcoin increased and still it is 41k$ therefore people are more positive about investment in Bitcoin. One cannot predict that how longer the value of bitcoin will remains in upward position therefore bullish period is unknown that on which value it stops to increase more.

Halving is coming so this price Fluctuations is only for correction and everyone tends to accumulate more bitcoin so as the price increase more then they will take benefit from it. If once bitcoin again start to increase then it will cross the number of 45k$ in current year. We have experienced that after every four years there happens surge so four years will be completed in 2024 in which we will see new opportunities to get the best out of our investment.

Although we can say that a full bull run is going to happen right after the block halving, it could be weeks or months right after that activity. But so far though, others consider this great leap that we have since the beginning of the year at least last year when we have a lowest low of $15k.

So for now, all speculations pointed out to a $45k at the end of the year it could be attainable. But it depends on how the speculators are going to do it. They might push it as there are some positive news about the approval of Bitcoin Spot ETF and they might used this one to fuel FOMO before the end of the year.

[EarnOnVictor]

To sum it up, we have a positive sentiment regarding Bitcoin now and this will linger for only God knows when. According to my experience with the asset in particular, there are times it falls and there are times it rises, and in practice, it always locks a very good and sizable amount of the price below it every 4 years during its major bullish season. This is what is causing most of the excitement we see now because if you limit it to the news and big companies buying Bitcoin alone, are they not buying it before?

That is also quite true in what you said based on existing experience, because I also quite believe in the main bullish season after every four years and this is also very visible from the reality in the market. Now there are indeed many people who are happy with the improving conditions which can be considered bullish at this time because I personally am also quite happy to see this happen at the end of the year so the hope of seeing more recovery in the market will soon become a reality.

But if you look at it right now? It's very bullish as we might say that we enter the bullish state very early because of a lot of good news that is coming in the crypto space. But it's the halving that will really change he air around us as it will be the catalyst for the next bull run.

And we've bounce back already, 3%++ in the next 24 hours. It's just a minor dip and it is to be expected. But then again, investors are very quick to scoop some bitcoins when it dip to $40k'ish and now we are at almost $43k again. So I guess the target of around $45k at the end of the year is still on the dot.

Looking at the overall outlook of Bitcoin, yes, one could say it's bullish, but the market outlook is beyond that, we can witness bearishness within the wider scope of bullishness, so doesn't matter. I'm glad I started warning of the potential bearish movements of Bitcoin before it is happening now, I knew it was too heavy and needed some corrections. The weekly and daily charts are so much cooperating in this regard and the coin is yet to be out of the woods as it tries to find its path before the week runs out. Besides, Bitcoin recovered a bit and easily on Wednesday as a result of the many US news that have to do with the Federal Reserve's positions on the economic projections, which include the Federal Funds Rate and others, and I know that they can't sustain Bitcoin for so long. It seems that it would get worse if the coin could not overcome the present bearish outcome that is being created gradually. If care is not taken, it might hit $40,000 soonest and a break of that level would announce it to a further lower level even as I see the Fibo level of $37,200 very promising now. In another view, the level of $41,900 keeps calling, I believe it would be hit today, and a breach below it might be what will eventually announce the psychological level of $40,000 without any delay.

[Zanab247]

Correct. I agree with you that in investing, especially in the crypto world, relying on capital alone is not enough if it is not accompanied by a high level of patience. Apart from that, psychological factors also influence us in investing. Sometimes people panic sell when they see market conditions experiencing a significant decline and hear negative news, which makes them make the wrong decision which ultimately results in big losses.

Those who have more patience when investing definitely have wiser psychology so they don't panic easily when they see negative news or temporary price drops in the market. Capital is something that is quite important so it needs to be looked after properly when investing, so there is no need to sell when the price drops which could result in us making a loss. Because while looking for profits through the capital we have used, we also need to be patient so that we don't easily lose due to the influence of negative news.

It hard for those that understand the market very well to be panicking whenever the price of BTC is falling down in the market because, they know that it will surely rise again in the future to help those that hodl till the bull run to occur to make a good profits. Once you succeeded in getting the capital to invest, you have to carry out your research to know the potential coins to invest at the moment which will not allow you to regret when the coin disappear from the market.

You can sell your coins when there is a massive pump in the market and, it will encourage other investors to apply long hodling in their investment so that they will be enjoying profits from their investment whenever the price hit higher.

[carlfebz2]

Correct. I agree with you that in investing, especially in the crypto world, relying on capital alone is not enough if it is not accompanied by a high level of patience. Apart from that, psychological factors also influence us in investing. Sometimes people panic sell when they see market conditions experiencing a significant decline and hear negative news, which makes them make the wrong decision which ultimately results in big losses.

Those who have more patience when investing definitely have wiser psychology so they don't panic easily when they see negative news or temporary price drops in the market. Capital is something that is quite important so it needs to be looked after properly when investing, so there is no need to sell when the price drops which could result in us making a loss. Because while looking for profits through the capital we have used, we also need to be patient so that we don't easily lose due to the influence of negative news.

It hard for those that understand the market very well to be panicking whenever the price of BTC is falling down in the market because, they know that it will surely rise again in the future to help those that hodl till the bull run to occur to make a good profits. Once you succeeded in getting the capital to invest, you have to carry out your research to know the potential coins to invest at the moment which will not allow you to regret when the coin disappear from the market.

You can sell your coins when there is a massive pump in the market and, it will encourage other investors to apply long hodling in their investment so that they will be enjoying profits from their investment whenever the price hit higher.

If you've been able to see or witness those previous cycles of this market then panicking isnt something that could already happen into yourself whenever you do see those extreme dips and crashes.
It cant really be called a market if it doesnt have those kind of things on which it would really be just that normal that those movements could happen neither on total random or basically been affected with those fundamentals on which its always been that a part. We cant really that make ourselves be so sure on where the prices would go since these are the things that usually been happening
specially on a unpredictable market or space.

Now that we are seeing that gradual increase in pace when it comes to bitcoin movement then its not a shocker anymore. You've been here on this market for a while and having these movements are just typical.
Somewhat it could really be making out some impact into those people who are really just that new into this market. You wont really be making yourself get prepared if ever you arent really that someone
who had been aware on how this market works.

[Oasisman]

Now that we are seeing that gradual increase in pace when it comes to bitcoin movement then its not a shocker anymore. You've been here on this market for a while and having these movements are just typical.
Somewhat it could really be making out some impact into those people who are really just that new into this market. You wont really be making yourself get prepared if ever you arent really that someone
who had been aware on how this market works.

It may not be a surprise anymore seeing the market rising up again because we're getting closer to the next bitcoin halving, but there are still some people who have been hear for quite some time around 4-6 years who still has doubt that bitcoin may never going to hit the 6 digit mark. Though I understand their doubts but hey we've seen bitcoin at it's worst but we have yet to see it's best yet, why? because each and every year passed bitcoin are hitting ATH after ATH in a 4 year cycle while having consistent gains when it comes down after the pump. One could consider this as a "typical" price movements or reactions according to the upcoming positive news rather some fundamentals, but for those who has doubt I think they just missed to analyze the bigger picture behind every bitcoin run presuming it was the last bitcoin bullrun.

[jaberwock]

Looking at the overall outlook of Bitcoin, yes, one could say it's bullish, but the market outlook is beyond that, we can witness bearishness within the wider scope of bullishness, so doesn't matter. I'm glad I started warning of the potential bearish movements of Bitcoin before it is happening now, I knew it was too heavy and needed some corrections. The weekly and daily charts are so much cooperating in this regard and the coin is yet to be out of the woods as it tries to find its path before the week runs out. Besides, Bitcoin recovered a bit and easily on Wednesday as a result of the many US news that have to do with the Federal Reserve's positions on the economic projections, which include the Federal Funds Rate and others, and I know that they can't sustain Bitcoin for so long. It seems that it would get worse if the coin could not overcome the present bearish outcome that is being created gradually. If care is not taken, it might hit $40,000 soonest and a break of that level would announce it to a further lower level even as I see the Fibo level of $37,200 very promising now. In another view, the level of $41,900 keeps calling, I believe it would be hit today, and a breach below it might be what will eventually announce the psychological level of $40,000 without any delay.

That does seem like way too grim of a picture that you are painting. Let me help you with something much brighter, if the current situation could be sustained for a while we are going to break the ATH of the year, and then we are going to come to a new year, up or down it is going to have halving eventually and when that happens the amount of coins being sold by the miners will be less, and the people of the world will know that they need to buy more in order to make it go up.

So, what I am thinking is that by 2025 we are going to have a new ATH and during the 2025 year we are going to end up with a price that is so high, you are going to see 100k as a "drop", because it will be much higher than that and will not be all that great.

[gunhell16]

Correct. I agree with you that in investing, especially in the crypto world, relying on capital alone is not enough if it is not accompanied by a high level of patience. Apart from that, psychological factors also influence us in investing. Sometimes people panic sell when they see market conditions experiencing a significant decline and hear negative news, which makes them make the wrong decision which ultimately results in big losses.

Those who have more patience when investing definitely have wiser psychology so they don't panic easily when they see negative news or temporary price drops in the market. Capital is something that is quite important so it needs to be looked after properly when investing, so there is no need to sell when the price drops which could result in us making a loss. Because while looking for profits through the capital we have used, we also need to be patient so that we don't easily lose due to the influence of negative news.

It hard for those that understand the market very well to be panicking whenever the price of BTC is falling down in the market because, they know that it will surely rise again in the future to help those that hodl till the bull run to occur to make a good profits. Once you succeeded in getting the capital to invest, you have to carry out your research to know the potential coins to invest at the moment which will not allow you to regret when the coin disappear from the market.

You can sell your coins when there is a massive pump in the market and, it will encourage other investors to apply long hodling in their investment so that they will be enjoying profits from their investment whenever the price hit higher.

Most of the community here just knows that the price of bitcoin will increase. But no one knows or none of us can say what the exact date or day will be when the price will get high. For example, according to trading experts right now, before the end of this year, the price value will be between 42k and 60k.

Now, that depends on the reaction of whale manipulators, the news, and others. Now, if you are well experienced and have a deep understanding of trading, you can keep up with the market movement.

[AnonBitCoiner]

Correct. I agree with you that in investing, especially in the crypto world, relying on capital alone is not enough if it is not accompanied by a high level of patience. Apart from that, psychological factors also influence us in investing. Sometimes people panic sell when they see market conditions experiencing a significant decline and hear negative news, which makes them make the wrong decision which ultimately results in big losses.

Just having capital cannot increase your money but you must be a master in crypto field. Everyone should remember that we have to not be convinced all the time on pump and dump technology because what we hear are not true on every occasion. One can make smaller losses if he scrutinise the amount of money which he lost and also look over into his amount which he win and then decide whether to exit or continue based on the outcome of wins and loss performance.

Keep details about the coin that how it will be in future by getting help from technical analysis as well look into utility of token. We are all not expert from beginning but if we pick popular token then the chances of lossing will be lower.

[dezoel]

Although we can say that a full bull run is going to happen right after the block halving, it could be weeks or months right after that activity. But so far though, others consider this great leap that we have since the beginning of the year at least last year when we have a lowest low of $15k.

So for now, all speculations pointed out to a $45k at the end of the year it could be attainable. But it depends on how the speculators are going to do it. They might push it as there are some positive news about the approval of Bitcoin Spot ETF and they might used this one to fuel FOMO before the end of the year.

If that so, then it is not true that the cause of the bull run is the Bitcoin halving, but people are only using it to hype things up. I think events doesn't really matter. With or without them, people are still doing their duties (e.g buying, and hodling) in order to gain benefits in this market.

Agree on what you said that people are already thankful even on this year or moment we have now, because the price is better than what we have last time. About that $45k, I think we already hit that last day/s? If not, we are still very close to it, so why not? The BTC ETF approval news isn't new, and I think it's not its schedule yet this year, so people aren't going to FOMO for now because of it.

[EluguHcman]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

I have been hoping to with the pumping since then but yet I can't find one yet rather I would say what I am experiencing here is a bullish run because the price margins has been gaped on a skyrocketing differences comparing to neighboring price measures in the main time.
However, investors speculations has more effective Influential awareness in societies and international widespread while more investors are brought onboard to the crytop World of digital investments. So, the investors speculations literarily is the main streams because they are of better chances to be proven that bitcoins potentiality of creating wealths is real with the safe assets campaigns of the Bitcoin having the momentums to encounter with the economical challenges we could face today's.
And it is likely to believe that doubts are been a cautioned lines amongst the people and unrealistic projects specifically digital projects because a lot in the past has thought each and everyone lessons of lack of integrities and untransperency operational system so the Investors speculation surges to bridge those doubtful categories amongst the public and so more investors are brought on Board in a wider spread of Bitcoins awareness and so impressively the demands and supplies of Bitcoin becomes competitive which alarms for a pumping price enhancements.

[itorai]

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

The increase in bitcoin prices can be influenced by several factors that you mentioned. Regarding this pump it could have an impact on the cryptocurrency market as a whole by increasing investor interest and participation. However, usually the crypto market is aggressive and rapid price increases can also be followed by significant declines. Before I continue, I always do research first before deciding on the final stage.