Topic: Any reason for spikes in bitcoin price? - page 2. (Read 465 times)
I think the reason why the price of bitcoin is currently experiencing a price increase is because of the good news from bitcoin, there is the provision of bitcoinzeroX for those who have bitcoin at a rate of 1: 1.
The recent rise in bitcoin is due to investors withdrawing from the altcoin and switching to bitcoin! I think this is a safe way!
Somebody over in the Wall Observer thread said CNBC ran a documentary on Bitcoin tonight about a half hour before the rise.
Interesting. I was not aware of such documentary though. I will try to catch on it later if someone has uploaded the episode on Youtube.There's a lot of speculation going on right now, like what I read here: Bitcoin Rallies Above $6900, Tether Fires Up the Printers. Might be just another coincidence or something, or it might be that bears are losing ground and the bulls are now trying to get back the market specially entering the last quarter of the year.
Basically its still difficult to tell how the year will end. The daily is very bearish but the weekly is bullish and it looks like it held support a few times.
The reason why it went up this time is most likely due to that huge Bitfinex whale which bought like 10,000-20,000 BTC and the huge short interest leading up to this rally.
Hence there is a good chance we might see $7500 again however the real challenge will be if it can break $8500, if it breaks $8500 then the challenge is $10000. If it breaks that then all hell will go lose and it will be FOMO fever like it was last year.
However keep in mind it can still go down from here and if it breaks the yearly low, it will be very bad and we might see $5K very quick and then $6K area will be massive resistance for the next few weeks/months.
The reason why it went up this time is most likely due to that huge Bitfinex whale which bought like 10,000-20,000 BTC and the huge short interest leading up to this rally.
Hence there is a good chance we might see $7500 again however the real challenge will be if it can break $8500, if it breaks $8500 then the challenge is $10000. If it breaks that then all hell will go lose and it will be FOMO fever like it was last year.
However keep in mind it can still go down from here and if it breaks the yearly low, it will be very bad and we might see $5K very quick and then $6K area will be massive resistance for the next few weeks/months.
Somebody over in the Wall Observer thread said CNBC ran a documentary on Bitcoin tonight about a half hour before the rise.
Yeah, a family member who knows I'm into bitcoin actually told me about the documentary. I don't have TV, so I didn't see it, but it sounded like it would be interesting. Seeing as there hasn't been any really good news from anywhere else, I suspect that some new money jumped into the market. I'm not a big fan of finding reasons for every market swing, though. I just posted about this in another thread. Sometimes market movement is just random. In fact, I think price swings are mostly random and there's usually no good explanation for it. If you've got thousands of people buying and selling something, that's to be expected I guess.
The documentary is a good example of how bitcoin is starting to enter the consciousness of mainstream people. It's not hard to believe that it might have gotten some people interested in crypto. As long as it doesn't lead to an out-of-control bubble, I'm cool with that.
Here's a rather humorous take on the CNBC piece in the form of an analysis.
https://www.tradingview.com/chart/BTCUSD/QkmxkfMH-CNBC-just-started-the-bull-run-Fucking-Pump-it-CNBC-Pump-It/
I tried viewing that link, but it looks like they took it down or something. The title is funny at least. lol https://www.tradingview.com/chart/BTCUSD/QkmxkfMH-CNBC-just-started-the-bull-run-Fucking-Pump-it-CNBC-Pump-It/
Somebody over in the Wall Observer thread said CNBC ran a documentary on Bitcoin tonight about a half hour before the rise.
I really doubt this documentary helped by a way or another the rise of the price. The recent move upward was progressive from around $6,300 to $6,600-6,700 then +$7,000
People not involved in cryptocurrencies and watched the documentary will take a time thinking before start buying BTC.
Somebody over in the Wall Observer thread said CNBC ran a documentary on Bitcoin tonight about a half hour before the rise.
I really would not be banking on that so much. I see this as just a normal correction from a downtrend. Ask me again if we are able to go past $8000 and I will say the bulls might be back but a's long as we are below, nothing is guaranteed. We have seen quick movement upward like this in a short while which usually end up as bull traps. Let's see how the coming days will end up as. Somebody over in the Wall Observer thread said CNBC ran a documentary on Bitcoin tonight about a half hour before the rise.
I see so CNBC did helped a lot for this 200 bucks increase. Many altcoins also pumped due to bitcoin's quick pump so the market again gained its connection between altcoin and bitcoin, unlike the last time when bitcoin pumps alts, fall.Is there somewhere I can watch this documentary? I am very interested in seeing this, but can't seem to find any videos of it online. I'm not sure if this is what caused the price rise though, could have been a coincidence. CNBC covers Bitcoin often, so their viewers are already pretty well aware of Bitcoin by now.
Somebody over in the Wall Observer thread said CNBC ran a documentary on Bitcoin tonight about a half hour before the rise.
I see so CNBC did helped a lot for this 200 bucks increase. Many altcoins also pumped due to bitcoin's quick pump so the market again gained its connection between altcoin and bitcoin, unlike the last time when bitcoin pumps alts, fall.
I wouldn't call it a serious up movement but hopefuly this will slowly start a positive trend in the whole market. Slowly but steady back to $20k.
what spike? LOL!
if i didn't know any better i would have thought price has reached $8000! but it didn't so there is no spike. yesterday price was $6700 and today it is $6800 and that is only a ~1.5% rise. even in biggest markets like Stocks,... they don't call 1%-2% rise a "spike"!
if i didn't know any better i would have thought price has reached $8000! but it didn't so there is no spike. yesterday price was $6700 and today it is $6800 and that is only a ~1.5% rise. even in biggest markets like Stocks,... they don't call 1%-2% rise a "spike"!
Sorry my bad, English seems difficult, it's not my mother's tongue
what spike? LOL!
if i didn't know any better i would have thought price has reached $8000! but it didn't so there is no spike. yesterday price was $6700 and today it is $6800 and that is only a ~1.5% rise. even in biggest markets like Stocks,... they don't call 1%-2% rise a "spike"!
if i didn't know any better i would have thought price has reached $8000! but it didn't so there is no spike. yesterday price was $6700 and today it is $6800 and that is only a ~1.5% rise. even in biggest markets like Stocks,... they don't call 1%-2% rise a "spike"!
Anything that goes down will also go up in cryptoworld.
Bitcoin has been correcting itself throught this year after it reached an all time high last year.
It is still down by 66% and you can expect it to hover around the same price level till the end of November. .
I will not call it a sudden spike as the price is gradually increasing.
Hopefully it will reach its all time high if history repeats itself by the end of the year
Bitcoin has been correcting itself throught this year after it reached an all time high last year.
It is still down by 66% and you can expect it to hover around the same price level till the end of November. .
I will not call it a sudden spike as the price is gradually increasing.
Hopefully it will reach its all time high if history repeats itself by the end of the year
Any reason for spikes in bitcoin price?
Bitcoin price is increasing, any reasonable news?
indeed it has become a risk and the nature of crypto or digital bitcoin currencies and others because the value and price are influenced by the demand and sales of the investors themselvesBitcoin price is increasing, any reasonable news?
The spikes caused demands to rise higher, and that's a proven scenario since the last year's bitcoin journey. If more investors will demand another bitcoin asset to hold for, there's always a potential of spiking trend. There's always a good reason for us to buy bitcoin, if this will be achieved by most of the interested traders who will entrust the future of their money in bitcoin. In assurance for profit gains, holding is the best options for us in order to acquire profits.
Somebody over in the Wall Observer thread said CNBC ran a documentary on Bitcoin tonight about a half hour before the rise.
Nice move, hope it will bring us good tidings
Here's a rather humorous take on the CNBC piece in the form of an analysis.
https://www.tradingview.com/chart/BTCUSD/QkmxkfMH-CNBC-just-started-the-bull-run-Fucking-Pump-it-CNBC-Pump-It/
Alright, thank you for being helpful
Any reason for spikes in bitcoin price?
Bitcoin price is increasing, any reasonable news?
indeed it has become a risk and the nature of crypto or digital bitcoin currencies and others because the value and price are influenced by the demand and sales of the investors themselves Bitcoin price is increasing, any reasonable news?
Somebody over in the Wall Observer thread said CNBC ran a documentary on Bitcoin tonight about a half hour before the rise.
Nice move, hope it will bring us good tidings
Here's a rather humorous take on the CNBC piece in the form of an analysis.
https://www.tradingview.com/chart/BTCUSD/QkmxkfMH-CNBC-just-started-the-bull-run-Fucking-Pump-it-CNBC-Pump-It/
It's time to recover some loss. Bitcoin is going for recovery mode when it comes to its performance in the crypto market. We'll just wait and see when we reach December. Hoping that history will repeat itself.
It's never too late to invest in bitcoin guys. Sooner or later bull run will come. I'm not an expert when it comes to predicting crypto values but as you can see the trend, bitcoin's value will always increase its value towards the month of December.
It's never too late to invest in bitcoin guys. Sooner or later bull run will come. I'm not an expert when it comes to predicting crypto values but as you can see the trend, bitcoin's value will always increase its value towards the month of December.
Somebody over in the Wall Observer thread said CNBC ran a documentary on Bitcoin tonight about a half hour before the rise.
Nice move, hope it will bring us good tidings
Somebody over in the Wall Observer thread said CNBC ran a documentary on Bitcoin tonight about a half hour before the rise.
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