What are the real reasons of recent BTC rally?

radjie

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Quote from: Landak on January 19, 2020, 08:56:56 AM

Quote from: Fappanu on January 19, 2020, 08:27:50 AM

Maybe it's because of the approaching bitcoin halving or maybe a Bull trap.

There are many reasons why this is happening, but it is best to be happy now that we have seen bitcoin prices rise again. And of course secure our profit now so that we can recover from past mistakes

This morning I just convinced that this is a genuine bullish, a few hours later bitcoin fell 3% from the price of 9.1k usd to 8.6k usd. lest this mean is bull trap? all markets blush all.but at least I was able to sell some assets at 9k usd, pretty good profit.
now I am confused again, between genuine bullish and bull trap. Cry

no matter the recent rise of bitcoin is an indication of a trap or not, the most important thing is when the market situation increases as much as possible we should be able to make a profit by utilizing the situation that occurs in a short time, and of course this situation is mostly only carried out by term traders short to be able to get quick profits

LUCKMCFLY

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Quote from: mirrasel on January 16, 2020, 10:38:18 AM

~snip~

On a speculative level there are many reasons:

1.- The effect of the possible war with the problem between the US and Iran, can be a powerful reason to have increased, is considered a fundamental.

2.- They may be testing offer at higher price levels, as the offer is eliminated the accumulation or re-accumulation stage accelerates.

3.- The Halving effect, which, is very close, can cause emotions that move the market.

We must also consider all the plans already made of the Strong Hands or whales, because you should not overlook all those little bullish traps or bearish movements to jump the Stop and buy cheaper, all to take the Bitcoins from the weak hands. .

nickenburg

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I think it could have something to do with the halving as well, but you have to remember not long ago Bitcoin was above 10K and because it is the new year nothing much has changed.
Other then the Halving comming up soon it could have something to do with the halving a lot more people are aware of it and maybe dont want to miss out, I think it could be a bull trap as well.

fabiorem

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What rally?

Landak

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Quote from: Fappanu on January 19, 2020, 08:27:50 AM

Maybe it's because of the approaching bitcoin halving or maybe a Bull trap.

There are many reasons why this is happening, but it is best to be happy now that we have seen bitcoin prices rise again. And of course secure our profit now so that we can recover from past mistakes

This morning I just convinced that this is a genuine bullish, a few hours later bitcoin fell 3% from the price of 9.1k usd to 8.6k usd. lest this mean is bull trap? all markets blush all.but at least I was able to sell some assets at 9k usd, pretty good profit.
now I am confused again, between genuine bullish and bull trap. Cry

Fappanu

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Maybe it's because of the approaching bitcoin halving or maybe a Bull trap.

There are many reasons why this is happening, but it is best to be happy now that we have seen bitcoin prices rise again. And of course secure our profit now so that we can recover from past mistakes

andycarrol

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Quote from: andycarrol on January 19, 2020, 01:07:14 AM

Quote from: piebeyb on January 18, 2020, 07:44:19 AM

I saw your thread about halving and I saw it was quite in accordance with current conditions, that 2020-2021 would be the peak, more precisely 2021 would be the highest peak if I saw the halving before. I really hope history can repeat it. most people who want to push bitcoin price down may have needs such as wanting to get the lowest price, even though in my opinion the price below 10k is still very cheap when compared in the future or the peak in 2021.

thank you for wanting to see and visit my thread, but I am not quite satisfied with that, I want to see the highest price in Q1 2020 for bitcoin and other crypto markets, if it develops and prices increase at the beginning it will be very good for the future, I need look at the next few weeks to get the highest price prediction analysis for next year, let's look at it later

if before halving has increased quite high, does that mean halving in 2020 has a fairly high hype? People think it will go further than 2017. Because many famous influencers predict prices can go as high as $ 100,000. but true, let's look at the beginning of the month in 2020, whether it can faster to touch above $10k.

piebeyb

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Quote from: andycarrol on January 19, 2020, 01:07:14 AM

Quote from: piebeyb on January 18, 2020, 07:44:19 AM

Quote from: andycarrol on January 18, 2020, 01:59:13 AM

Quote from: piebeyb on January 17, 2020, 10:30:27 AM

the right reason and many people in this forum know is that we are approaching bitcoin halving, if not mistaken precisely in May 2020, so they assume that every 4 year cycle often occurs where bitcoin prices often increase before and after halving, but there are other factors if in the analysis it might be because we are entering a weekly trend if prices don't go below $ 7600 until the next week

so far that might be one of the reasons, many people on this forum talk about halving which can make prices rise very high, so it's likely that many people do FUD.
other than that the market was already bored with the previous year which was bearish, and the positive trend came at the beginning of the year so it was like a bullish sign ahead of halving.

like what I think people who don't believe in this cycle are trying to make a mess since yesterday, if they want the price of bitcoin to go down it seems like their lives are just throwing money away, just look at 2018 and 2019 is the year when the bear market is in power, they want 2020 and 2021 to be the bear market, then why would people invest in bitcoin and crypto if the market continues to be a bear market, if indeed the cycle does not want to be repeated the bitcoin price since 2018 and 2019 should not be a bear market, charts should change but not at all, it is clearly similar to 2014 and 2015 bear market, it seems like people have started to be pushed behind us to take bitcoin on the exchange soon

I saw your thread about halving and I saw it was quite in accordance with current conditions, that 2020-2021 would be the peak, more precisely 2021 would be the highest peak if I saw the halving before. I really hope history can repeat it. most people who want to push bitcoin price down may have needs such as wanting to get the lowest price, even though in my opinion the price below 10k is still very cheap when compared in the future or the peak in 2021.

thank you for wanting to see and visit my thread, but I am not quite satisfied with that, I want to see the highest price in Q1 2020 for bitcoin and other crypto markets, if it develops and prices increase at the beginning it will be very good for the future, I need look at the next few weeks to get the highest price prediction analysis for next year, let's look at it later

karanggatak

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Quote from: ultrloa on January 18, 2020, 07:13:06 AM

Quote from: yulionoo on January 18, 2020, 07:09:44 AM

of course what causes bitcoin prices to increase is the increase in demand. and in my opinion the rising demand for bitcoin is influenced by several things:
1. The conflict between Iran and America earlier this year caused some investors to shift their assets to Bitcoin.
2. maybe the current increase is the manipulation of the popes.
3. The current increase is the effect of bitcoin being reduced by half in May. bitcoin is reduced by half encouraging new and old investors to buy bitcoin.

The pump is low when Iran and US war erupted so I think it doesn't contribute on the hype since it doesn't give any strong movements on bitcoins and the one reason I think for the current pump is the halving since the hype is starting to grow up specially when people saw the slowly rise of the price and provably we can see more coming in these coming days.

yes, I agree with you the main factor driving the rise in the price of bitcoin right now is that the bitcoin hype has been reduced by half. because the moment of bitcoin is reduced by half this only happens once every 4 years and the fact that bitcoin always experiences an increase after being reduced by half makes investors interested in buying bitcoin. hopefully this year bitcoin can reach ATH $ 20,000.

andycarrol

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Quote from: piebeyb on January 18, 2020, 07:44:19 AM

Quote from: andycarrol on January 18, 2020, 01:59:13 AM

Quote from: piebeyb on January 17, 2020, 10:30:27 AM

the right reason and many people in this forum know is that we are approaching bitcoin halving, if not mistaken precisely in May 2020, so they assume that every 4 year cycle often occurs where bitcoin prices often increase before and after halving, but there are other factors if in the analysis it might be because we are entering a weekly trend if prices don't go below $ 7600 until the next week

so far that might be one of the reasons, many people on this forum talk about halving which can make prices rise very high, so it's likely that many people do FUD.
other than that the market was already bored with the previous year which was bearish, and the positive trend came at the beginning of the year so it was like a bullish sign ahead of halving.

like what I think people who don't believe in this cycle are trying to make a mess since yesterday, if they want the price of bitcoin to go down it seems like their lives are just throwing money away, just look at 2018 and 2019 is the year when the bear market is in power, they want 2020 and 2021 to be the bear market, then why would people invest in bitcoin and crypto if the market continues to be a bear market, if indeed the cycle does not want to be repeated the bitcoin price since 2018 and 2019 should not be a bear market, charts should change but not at all, it is clearly similar to 2014 and 2015 bear market, it seems like people have started to be pushed behind us to take bitcoin on the exchange soon

I saw your thread about halving and I saw it was quite in accordance with current conditions, that 2020-2021 would be the peak, more precisely 2021 would be the highest peak if I saw the halving before. I really hope history can repeat it. most people who want to push bitcoin price down may have needs such as wanting to get the lowest price, even though in my opinion the price below 10k is still very cheap when compared in the future or the peak in 2021.

radjie

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Quote from: mirrasel on January 16, 2020, 10:38:18 AM

Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!

But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?

Many people believe that an increase in bitcoin prices will occur because half of bitcoin will come, but that cannot be justified with certainty, because in previous years there was also always news that could influence the movements of bitcoin prices. however this is due to the wide spread of news which can increase its value and make many people to be able to invest more in bitcoin so that the trading volume is increasing

bitgolden

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There was a big movement of bitcoin recently from one place to another, many talks have been discussed, like was it Craig, was it someone else, hell even some people said maybe it was satoshi himself. However in the end if there was a specific reason for bitcoin to go up, I think we will never get to learn about it, I would love to know why it went up as well but not like there is a data showing what happened and what caused it.

I am pretty sure that whatever happened, it was just the small first increase, afterwards were all people just seeing an increasing and buying with hype which toppled up into basically just a bull run out of pure hype and nothing else. That kind of stuff happens, price goes up which causes people to buy which causes it to go up and goes into a circle until it stops.

Wexlike

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Quote from: slaman29 on January 17, 2020, 07:47:04 AM

Quote from: Wexlike on January 16, 2020, 09:03:45 PM

It is a nice combination of several things:

- new tax year
- halving in May
- CME future options
- institutional expansion(fidelity custodial solution to Europe)
- overall good market sentiment with the feeling that the bottom is in
- good media coverage
- overheated stock market

The tax thing I don't really agree, it's something you always expect anytime anywhere every year. CME futures was a surprise too, especially since Bakkt didn't do anything for price, rather, when expectations weren't met, we crashed.

I think it's definitely the general sentiment and people looking to get out of stocks before THAT crashes.

I agree with your view on the tax situation. However you shouldn't just base your view on it from the american perspective. Throughout the world there are many different tax situations especially regarding crypto currencies. So it sometimes makes sense to sell at the end of the year most of your position, just to accumulate for the new year.

This way you can counter-price it to some of your losses.

And then there are other tax heavens give you zero taxation after holding for more that a year, which in this case obviously don't have an impact on a new bull run.

Oceat

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Quote from: Dart18 on January 18, 2020, 11:26:19 AM

It is the normal thing which happens with the bitcoin price.
Expect more from it.

Halving is just months away and people are getting FOMO's.
It could be that something is circulating around social media and then add the telegram groups who are making different assumptions.
We wont see records in different exchanges at the same time so you may want to rely on your own prediction.

If they believe that accumulating today will give them the profit that they want after the halving right away then I don't think they have learned their lesson from the past. Bitcoin halving is just a starting line of the bull run and this is not the actual bukk run that we are waiting. Real bull run will come after more months and that would be next year IMO.

Dart18

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It is the normal thing which happens with the bitcoin price.
Expect more from it.

Halving is just months away and people are getting FOMO's.
It could be that something is circulating around social media and then add the telegram groups who are making different assumptions.
We wont see records in different exchanges at the same time so you may want to rely on your own prediction.

Hypnosis00

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Quote from: mirrasel on January 16, 2020, 10:38:18 AM

Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!

But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?

Haven't surprise that it sometimes will go like that, off and On.
May the pumps we experience isn't all about halving, Iran and US war but it is the time that the market support level had an increase. The demand is getting high and it seems to see that the price will also move high. But it is quite interesting to see and possibly more highs will come when halving has done.

piebeyb

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Quote from: cutesgirl on January 18, 2020, 01:14:01 AM

Quote from: piebeyb on January 17, 2020, 10:30:27 AM

the right reason and many people in this forum know is that we are approaching bitcoin halving, if not mistaken precisely in May 2020, so they assume that every 4 year cycle often occurs where bitcoin prices often increase before and after halving, but there are other factors if in the analysis it might be because we are entering a weekly trend if prices don't go below $ 7600 until the next week

Every four year have halving time for bitcoin where give effect to make bitcoin growing up to higher price, we are waiting two months later will bitcoin can do it what happen last four year when bitcoin back to higher price or not, just my ideas bitcoin will back to higher price again and give much profit for many investor.

yes I know that, but many people come to this forum that history will not be repeated and think it is ridiculous about the cycle every 4 years, I wonder if it will happen for the third time, if that happens then the luck belongs to those people who still holding it in the wallet

Quote from: andycarrol on January 18, 2020, 01:59:13 AM

Quote from: piebeyb on January 17, 2020, 10:30:27 AM

the right reason and many people in this forum know is that we are approaching bitcoin halving, if not mistaken precisely in May 2020, so they assume that every 4 year cycle often occurs where bitcoin prices often increase before and after halving, but there are other factors if in the analysis it might be because we are entering a weekly trend if prices don't go below $ 7600 until the next week

so far that might be one of the reasons, many people on this forum talk about halving which can make prices rise very high, so it's likely that many people do FUD.
other than that the market was already bored with the previous year which was bearish, and the positive trend came at the beginning of the year so it was like a bullish sign ahead of halving.

like what I think people who don't believe in this cycle are trying to make a mess since yesterday, if they want the price of bitcoin to go down it seems like their lives are just throwing money away, just look at 2018 and 2019 is the year when the bear market is in power, they want 2020 and 2021 to be the bear market, then why would people invest in bitcoin and crypto if the market continues to be a bear market, if indeed the cycle does not want to be repeated the bitcoin price since 2018 and 2019 should not be a bear market, charts should change but not at all, it is clearly similar to 2014 and 2015 bear market, it seems like people have started to be pushed behind us to take bitcoin on the exchange soon

ultrloa

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Quote from: yulionoo on January 18, 2020, 07:09:44 AM

of course what causes bitcoin prices to increase is the increase in demand. and in my opinion the rising demand for bitcoin is influenced by several things:
1. The conflict between Iran and America earlier this year caused some investors to shift their assets to Bitcoin.
2. maybe the current increase is the manipulation of the popes.
3. The current increase is the effect of bitcoin being reduced by half in May. bitcoin is reduced by half encouraging new and old investors to buy bitcoin.

The pump is low when Iran and US war erupted so I think it doesn't contribute on the hype since it doesn't give any strong movements on bitcoins and the one reason I think for the current pump is the halving since the hype is starting to grow up specially when people saw the slowly rise of the price and provably we can see more coming in these coming days.

yulionoo

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of course what causes bitcoin prices to increase is the increase in demand. and in my opinion the rising demand for bitcoin is influenced by several things:
1. The conflict between Iran and America earlier this year caused some investors to shift their assets to Bitcoin.
2. maybe the current increase is the manipulation of the popes.
3. The current increase is the effect of bitcoin being reduced by half in May. bitcoin is reduced by half encouraging new and old investors to buy bitcoin.

Mihaylovic

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Quote from: mirrasel on January 16, 2020, 10:38:18 AM

Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!

But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?

i think it is because of the demand. i mean since halving is on the way, many investors think that bitcoin price is going to increase beacuse of the affect of halving. I also believe that prices below 7k usd is very lowly possible in short mid term.

Topic: What are the real reasons of recent BTC rally? (Read 598 times)