What the hell just happened just now when BTC prices went up $1000?
$30b just came into the market suddenly.
Can anyone give me a reasonable explanation for these CANDLES!!!!
$30b just came into the market suddenly.
Can anyone give me a reasonable explanation for these CANDLES!!!!
It seems to me to just be a pump. I don't think that there were any articles in the news that would have justified this pump, so it could just be traders seeing that $6500 support is strong, and buying in, which caused a huge short squeeze.
I was surprised when I saw the price as well this morning.
I agree with kolesozw. a $800 jump in price for now is just something short term. Whether this will actually translate to some sort of long lasting trend is a different question, and to be honest, I think we may correct down even further after this pump is over. Though I do expect this bullishness to last at least a week for now.
