It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.
I have read one article that may answer your question and here is some quote from that article:
Quote from: https://cointelegraph.com/news/current-bitcoin-price-rally-could-have-real-legs-novogratz
“UPDATE: Bitcoin is performing as designed during times of global instability.”
Quote
"The market response to the depreciation of the yuan and capital flight controls imposed on Chinese citizens really emphasizes the value proposition of Bitcoin and what an increase in demand can do to price when there is such a limited supply on offer to the market [...] Bitcoin could easily continue to surpass expectations for the remainder of 2
You can read the full story here : https://cointelegraph.com/news/current-bitcoin-price-rally-could-have-real-legs-novogratz
