What are the real reasons of recent BTC rally? - page 2.

andycarrol

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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.

cutesgirl

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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.

sana54210

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Yeah, I feel like "enough is enough" thing was one of the reasons as well, not like it is definitely the reason but I am sure it played a role in it as well.

Surely this Iran thing first played a role when it started out, then the halving is in the minds of everyone as well, craig situation helped with the second spike after it got stuck for a while, if we have something on top of this in the upcoming week, I am pretty sure we will move towards over $10k for sure, we just need bitcoin to be pushed a little bit, it doesn't really go that way unless its really pushed towards it, I know its tough to always keep forcing having some sort of news about bitcoin and whats going on but without any news, without any hype, bitcoin would just stay in the same price for months (which it has before).

piebeyb

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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

ethereumhunter

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Maybe we don't know what the real reason for the bitcoin price rally is, but we are going to see the halving time is coming. Maybe that is not the reason, but I think that could be possible for bitcoin price. Before the halving, the price is below $10k, so that the price needs to increase more than $10k first, and then the price will jump to a higher rate. But let's wait for what will happen in the next months before the halving comes.

blckhawk

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As we cannot say for sure, it seems to me to be just another manipulation by some of the large players in the market. This might be because of the halving nearing us, which might be their main driving factor in rallying the price up. Though don't be too confident, as these players might dump it once more, once the investors shown some FOMO on the prices.

target

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There is no war. The bears just got tired so they now rest and allow the bulls to set phase which is why there had been spikes in the past weeks. I think this is because they know the supply will drop and that the investors are going to try to buy more before halving.

Altcoins created since 2018 are also pumping, we accused them of scam but I just notice some coins that volumes were close to nothing not goes up suddenly to $14k in a day.

gweedo

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Quote from: Zemomtum on January 16, 2020, 11:56:18 PM

The recent surge in price of Bitcoin I think has a connection to the USA and Iran war situation in which Bitcoin was used as a store of value. Since there is no much after Trump remarks, then the whale capitalize on that to retain the price and move it higher.

Quote from: Zemomtum on January 16, 2020, 11:56:18 PM

The recent surge in price of Bitcoin I think has a connection to the USA and Iran war situation in which Bitcoin was used as a store of value. Since there is no much after Trump remarks, then the whale capitalize on that to retain the price and move it higher.

A lot of people say that the price of bitcoin increased by this war, but so far the war is over but the price is still rising. So certainly that reason is not entirely accurate. The real reason is that investor demand has increased due to the upcoming halving and it is believed that halving will help Bitcoin gain higher value. There is also a lot of good news that has helped the market receive more attention from investors. 2020 will be a big year for Bitcoin and this whole market

bitcoindusts

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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?

One of the reason that many believe why Bitcoin price is rallying is due to the upcoming halving that resulted in hype and bullish sentiment of the current market, aside from that history also shown that there is always a minor rally every beginning of the year so it is something like history repeating itself.

slaman29

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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.

Reid

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Halving is coming. That is the only reason.
Just like when Game of Thrones was hyped when they say "Winter is coming". Grin

Investors are now eyeing for a great response on their co-investors. That just means a great hype is also around that will take demands to the higher levels.
There are fears of being a late buyer which might take a real toll to their funds. Yeah, that means expensive bitcoin.
As one of the buyers, I don't want that to happen to me.

Ridwan Fauzi

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I wonted to read some article about cryptocurrencies everyday especially of there is come about bitcoin I will read it first. Then I noticed that there are many article about mining bitcoin and I think that this thing is because at this year bitcoin will meet halving event. As for the price bitcoin has been increasing a lot recently I guess it is just because many investor there has calculated that the halving event will give a big effect to bitcoin price.

As you can see the privous halving event that have happened. Most of them will make the price of bitcoin increased a lot, as an example the all time high bitcoin price i.e $20.000 that has happened at 2017 ago I'm sure it was because halving event that happened at 2016 ago. So as the halving event is a benchmark to gain a lot of profit IMO, we can proof it later.

ultrloa

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Quote from: marcous on January 17, 2020, 04:16:52 AM

For almost 2 years we have experienced bear market and this is the time for cryptocurrency to rise and recover. Maybe because Halving is getting closer so that it affects the price of Bitcoin. many people have been pessimistic about crypto because of the bear market situation. and now crypto is proving its existence

The hype starting to rise by now since people know that there's something good to be happen right now and provably this rise will continue until the halving occurs but we should not keep our eyes out in the market since me I'm putting my self in position to secure my profits if there's something bad track occurs and I don't want to get trapped.

marcous

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For almost 2 years we have experienced bear market and this is the time for cryptocurrency to rise and recover. Maybe because Halving is getting closer so that it affects the price of Bitcoin. many people have been pessimistic about crypto because of the bear market situation. and now crypto is proving its existence

Hallmader

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I cannot see a really huge news that could single-handedly propel the price of Bitcoin up to almost $9,000. I surmise this is all brought up by the positive outlook of crypto, especially Bitcoin, in the year 2020. People have been saying a lot about halving. This must be a factor also but I doubt this is all about it alone. In general, this might be brought by the growing demand of crypto and its growing coverage as well.

bitvalak

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Rising and falling prices are caused by market behavior. Changing demand and supply will affect overall market conditions. I am not a fundamentalist, so I will not comment on other factors outside the market. When demand and supply are balanced, the price will stabilize at one point, where the seller and buyer both agree with that price. Stop asking the same questions, because almost everyone's answers will be the same. If you are a trader I suggest you look for more information about how prices react by market behavior, there you will be able to understand why such prices can occur.

watergold

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Maybe this has entered a bullish trend so that the market moves up quickly and until now also bitcoin continues to move maybe tomorrow or the next few days will reach $ 9000.
Because I can't be certain that the increase is due to several factors and of course this year there will be many surprises from various large projects so that the market demand is increasing.

Kyraishi

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A lot of people quoting the Iran-USA war as a reason for why BTC has rallied.

I say that firstly, there has been no substantial escalation of tensions since the first retaliation from Iran. And neither country have declared war. So there is really no "war" to speak of, at least currently.

Secondly, it's clear that BTC prices are much more influenced by speculative sentiment compared to real geopolitical movements (unless it concerns crypto regulation), at least in the very short term. In that sense, the halving upcoming is likely to have a more dominating effect compared to political tensions.

pooya87

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the same reason why bitcoin price has been rising for the past 11 years! increased adoption while having a limited supply and being useful. everything else is just noise in the background that could cause some short term change in the speed of the rise. for example hype can speed it up and bubbles can speed it down. but in the end price continues to rise as more and more people adopt bitcoin, the only decentralized currency.

Quote from: The Sceptical Chymist on January 16, 2020, 11:48:42 AM

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

Altcoins have also soared!

I've definitely noticed that, since I have some Dash that more than tripled in value since I acquired it. I was shocked to see that happen, to say the least.

you noticed it because you aren't trading altcoins and aren't looking at the altcoin market. instead you bag hold certain altcoin(s). what happens is that altcoin market is like a queue, each coin has its turn to be pumped. smaller coins get pumped more regularly while bigger coins less regularly and with smaller pumps. but they all get their turn. so when you bag hold only one or two you only notice the pumps occasionally instead of seeing them happening every single day.

Zemomtum

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The recent surge in price of Bitcoin I think has a connection to the USA and Iran war situation in which Bitcoin was used as a store of value. Since there is no much after Trump remarks, then the whale capitalize on that to retain the price and move it higher.

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