Quote from: davis196 on Today at 12:25:40 PM

Quote from: batang_bitcoin on February 04, 2022, 07:43:36 PM

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

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

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