Why is Bitcoin Pumping?

[justinlamode]

This is happening cause there's much rate for adoption than before and most likely the price tend to go higher than this. I think the principle that's happening now is that the demand is higher than the supply but then it's a positive track for all investor's why we need to be on alert and watch out for the good returns.

Increase in adoption is a good factor that influences the price because it has direct relationship with increase in demand, however, owing to the volatile nature of Bitcoin, there are more fundamental news that is driving the prices up. One of the notable reason is the ceasefire deal between Iran and Israel because this was the cause of the decline in the first place. There could be other factors contributing to the uncertainty in the market few weeks ago but now that there is some level of calmness and the bombs are no more dropping neither are there any threat in the global economy, Bitcoin have to rise freely which was what it was doing before.

[Ricardo11]

This is happening cause there's much rate for adoption than before and most likely the price tend to go higher than this. I think the principle that's happening now is that the demand is higher than the supply but then it's a positive track for all investor's why we need to be on alert and watch out for the good returns.

Increase in adoption is a good factor that influences the price because it has direct relationship with increase in demand, however, owing to the volatile nature of Bitcoin, there are more fundamental news that is driving the prices up. One of the notable reason is the ceasefire deal between Iran and Israel because this was the cause of the decline in the first place. There could be other factors contributing to the uncertainty in the market few weeks ago but now that there is some level of calmness and the bombs are no more dropping neither are there any threat in the global economy, Bitcoin have to rise freely which was what it was doing before.

Yes, since the ceasefire has been declared now, the unrest in the world has calmed down a lot, so the price of Bitcoin has definitely returned to normal and it can now naturally increase to a huge level again. Now Bitcoin will continue to grow at its own pace, and Bitcoin can see something good very soon, we may see something good next month, maybe a new ATH, but these are short-term thoughts, we should keep ourselves consistent with long-term thinking, Bitcoin will definitely go much higher.

[ShowOff]

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Increase in adoption is a good factor that influences the price because it has direct relationship with increase in demand, however, owing to the volatile nature of Bitcoin, there are more fundamental news that is driving the prices up. One of the notable reason is the ceasefire deal between Iran and Israel because this was the cause of the decline in the first place. There could be other factors contributing to the uncertainty in the market few weeks ago but now that there is some level of calmness and the bombs are no more dropping neither are there any threat in the global economy, Bitcoin have to rise freely which was what it was doing before.

Yes, since the ceasefire has been declared now, the unrest in the world has calmed down a lot, so the price of Bitcoin has definitely returned to normal and it can now naturally increase to a huge level again. Now Bitcoin will continue to grow at its own pace, and Bitcoin can see something good very soon, we may see something good next month, maybe a new ATH, but these are short-term thoughts, we should keep ourselves consistent with long-term thinking, Bitcoin will definitely go much higher.

Currently, Bitcoin price tends to be sideways. With the uncertain tension of the conflict in the Middle East, Bitcoin price may be corrected again, especially if Iran really rejects the ceasefire. Everyone hopes that Bitcoin will create a new ATH, and in a situation like this, I think everyone should be wise enough when they want to enter the market.

When the conflict lasts for a long time, Bitcoin usually weakens, because people tend to choose gold as a hedge. America is currently pressing Iran to stop running its uranium enrichment program, no one can guess what will happen in the future. Hopefully this conflict can subside soon, so that the market becomes more stable.

[_BlackStar]

-snip-

Currently, Bitcoin price tends to be sideways. With the uncertain tension of the conflict in the Middle East, Bitcoin price may be corrected again, especially if Iran really rejects the ceasefire. Everyone hopes that Bitcoin will create a new ATH, and in a situation like this, I think everyone should be wise enough when they want to enter the market.

When the conflict lasts for a long time, Bitcoin usually weakens, because people tend to choose gold as a hedge. America is currently pressing Iran to stop running its uranium enrichment program, no one can guess what will happen in the future. Hopefully this conflict can subside soon, so that the market becomes more stable.

The price has been moving up and down in the range of $104K to $108K in the last 7 days. Sideways - yes, that's what happened during the last week after bitcoin tried to recover its price after a major correction. Currently bitcoin is trading around $107K - not bad to expect the $110K resistance to be broken in the near future, but of course the turmoil of war can change the direction of the price movement.

I don't expect bitcoin to be more stable this year. The war is the most plausible cause of high volatility - while the global economy and US geopolitical power are starting to falter. Investors will certainly be very cautious now - but they won't want to miss out on this year's great opportunity, meaning it's still possible to make double the profit for the rest of the year.

[STT]

BTC getting squished between the regular high we've observed for some time now and the 50 day average just below.   Since moving averages are indicators of momentum not actual volume at that level, I suspect the lows will give away before the highs.

Failure or movement downwards is quite alright, what really matters in price move for BTC is the quality of the reaction.   A regular trend forming downwards should have us bearish if that occurs, a blip down that quickly fails and is healed is even more bullish then us just proceeding upwards from here simply.
  Failure to the downside puts a muzzle on the bears.