What triggered the sudden rise in bitcoin price?

Che454010

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Quote from: QueenVera on April 03, 2019, 09:05:19 PM

Just notice my bitcoin in my wallet have increase in value but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk. I have not been following up with latest news as my work is eating up most of my time but I have some decent amount of bitcoin and don't want to be left in the dark. Anyone with an idea what triggered the sudden price spike.

Bitcoin price increase was unexpected. Nobody thought that it would increase in such a manner, as there was no major news, so what triggered it. Some people have been pointing fingers on the big whales they have manipulated the price increase. Anyway, it was a positive development as far as cryptocurrency is concerned, as many people have started losing interest in it and have started looking for other viable alternatives.

Mr.grin

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Quote from: toast on April 10, 2019, 05:16:18 AM

most likely the sudden increase in bitcoin prices is that many people are adopting bitcoin on a large scale so that it will make the impact of bitcoin experiencing rapid price increases

talking about a trigger problem, I think there are so many triggers that can cause bitcoin prices to rise in a short time. well, that can be from those who adopt bitcoin, or the latest news from Bitcoin. However, the new development could have made the price of bitcoin become high again.

mersal

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Simply the development of Bitcoin decides by the demand so I think the Bull Run will also helpful for the development of any cryptocurrency very easily that's why little changes in in the current market will helpful for Youth Development.

toast

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most likely the sudden increase in bitcoin prices is that many people are adopting bitcoin on a large scale so that it will make the impact of bitcoin experiencing rapid price increases

DAVETUN

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Bitcoin is the currency of this age

The 20,000 BTC transaction tend to have a positive impact in the space, when BTC increase in value lots of investors tend to reinvest which ultimately will push up the price, we are all hopefull that the bull run is here, which will be steady.

Choyor

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There is positive news about Bitcoin that will attract traders and investors to hunt coins for sale and for them to invest so that demand increases and it affects market movements, however we must remain vigilant about this unexpected increase in anticipation of risk a decline that could have happened.

Kasabus

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Thank you everyone for the answers, I read through all comments and I am glad I wrote this post to ask this question.

You are welcome, you can get an honest opinion in this forum because we all give what we think is the reason.
But you should only not limit the information you want to get in this forum, you can be more resourceful and explore other sources.
I hope if you are pursuing the journey of trading, you will be successful.

Malsetid

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Quote from: rysea2 on April 08, 2019, 02:50:12 PM

Quote from: QueenVera on April 03, 2019, 09:05:19 PM

Just notice my bitcoin in my wallet have increase in value but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk. I have not been following up with latest news as my work is eating up most of my time but I have some decent amount of bitcoin and don't want to be left in the dark. Anyone with an idea what triggered the sudden price spike.

I also can't find the right source that can increase the market. Therefore, I only think that now many new investors are starting to dare to invest and strengthen their trust in crypto, especially bitcoin. This is a joy after a long time the market has decreased.

I've read somewhere that a single transaction worth millions actually started hiking the price of btc up. Of course that's still up for speculation but if it did, it made a lot of people excited and probably started a hype that led us to this point. I don't see a lot of people complaining lol

Harley29

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Quote from: Xampeuu on April 08, 2019, 08:58:10 AM

Quote from: Best Dreams on April 07, 2019, 02:33:57 PM

Quote from: usorin on April 07, 2019, 05:18:03 AM

Perhaps someone is preparing the bull run to actually take place?This could be a good reason for the sudden grow of the price.

People are taking their own part in growth and development of the market, bull run will be there if more people will sure about it and they will continue to invest and hold with patience, more investment and support is actually the reason of sudden rise in price, I am sure market will get bigger than this if we will keep supporting and investing like this, recent price is almost 5k which is expected to be higher than this.

right, hopefully it will soon penetrate the resistant area around the price of $ 6000. at least now it is starting to foster investor confidence, and with positive news driven, I'm sure its growth will be faster

Agree as now price is almost 5k but it is rising and till the end of April I think price will cross the limits of 6k , actually it is all about us how we invest and how we save it, it is dependent on the investors when the price will rise, so price has become 5k from 3k and now I have heard about the market price has become 6k recently.

rysea2

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Quote from: QueenVera on April 03, 2019, 09:05:19 PM

Just notice my bitcoin in my wallet have increase in value but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk. I have not been following up with latest news as my work is eating up most of my time but I have some decent amount of bitcoin and don't want to be left in the dark. Anyone with an idea what triggered the sudden price spike.

I also can't find the right source that can increase the market. Therefore, I only think that now many new investors are starting to dare to invest and strengthen their trust in crypto, especially bitcoin. This is a joy after a long time the market has decreased.

Xampeuu

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Quote from: Best Dreams on April 07, 2019, 02:33:57 PM

Quote from: usorin on April 07, 2019, 05:18:03 AM

Perhaps someone is preparing the bull run to actually take place?This could be a good reason for the sudden grow of the price.

People are taking their own part in growth and development of the market, bull run will be there if more people will sure about it and they will continue to invest and hold with patience, more investment and support is actually the reason of sudden rise in price, I am sure market will get bigger than this if we will keep supporting and investing like this, recent price is almost 5k which is expected to be higher than this.

right, hopefully it will soon penetrate the resistant area around the price of $ 6000. at least now it is starting to foster investor confidence, and with positive news driven, I'm sure its growth will be faster

Best Dreams

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Quote from: usorin on April 07, 2019, 05:18:03 AM

Perhaps someone is preparing the bull run to actually take place?This could be a good reason for the sudden grow of the price.

People are taking their own part in growth and development of the market, bull run will be there if more people will sure about it and they will continue to invest and hold with patience, more investment and support is actually the reason of sudden rise in price, I am sure market will get bigger than this if we will keep supporting and investing like this, recent price is almost 5k which is expected to be higher than this.

BlueStackz

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I do not see bitcoin's rally upto $5 as a surprise because, all the while I’ve been following the chart and I’ve been waiting for a time like thing, in short I expect more increase soon. That increase to me is a transition from bear market to bull market and the signal has been on for a while so it didn’t happen suddenly.

I think one of the reason that triggered the increase is because Bitcoin is about to undergo a mining reward halving in 2020. the technical developments may have probably reinforced expectations of a a more powerful rally ahead of the incoming halving.

entebah

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Quote from: newinbtc on April 07, 2019, 09:56:17 AM

the whales are here with lot of funds and investing money in bitcoin. everyone saying bitcoin will hit 50,000$ in 2021 year even its posted on ccn website - https://www.ccn.com/50000-crypto-guru-reveals-dizzying-bitcoin-price-target

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Bitcoin's sudden price rally this week appears to have been sparked by a large trade order from a mysterious buyer, The price is almost 30% surge as compare to last price.

Yes, this is very miraculous, the price of Bitcoin will continue to increase over time, because we know that today is a modern era that is very full of progress, so Bitcoin is the beginning of the world's financial changes. And now many are adopting Bitcoin on a large scale.

newinbtc

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the whales are here with lot of funds and investing money in bitcoin. everyone saying bitcoin will hit 50,000$ in 2021 year even its posted on ccn website - https://www.ccn.com/50000-crypto-guru-reveals-dizzying-bitcoin-price-target

--
Bitcoin's sudden price rally this week appears to have been sparked by a large trade order from a mysterious buyer, The price is almost 30% surge as compare to last price.

Shinpako09

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Quote from: SiDtHeBeSt on April 06, 2019, 02:57:17 PM

Honestly I haven't been very active and haven't kept an eye on the market or any news recently. I guess there's no such big reason for this sudden prove spike maybe it's just the market going up and down.

I also didn't see/read a major news that leads to btc going up and breaking $5k. Recently some good news are coming out maybe that add the positive vibes on it when the price makes it move. Anyway, it seems there's no bad news ahead except those who spread FUD. So I guess it's safe to assume that price might go forward this month and the following months.

samcrypto

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Quote from: usorin on April 07, 2019, 05:18:03 AM

Perhaps someone is preparing the bull run to actually take place?This could be a good reason for the sudden grow of the price.

The best time to prepare was during the bear market but I can say that right now it is still good to enter in the market because for sure it will go higher. Bitcoin is not stopping yet and it continues to make a new pump for the first week of April. It seems like the volume was not convincing right now, but it is still possible to have a huge pump within a day but it no one can tell when. Its time for the bull to make a good show this month.

boyptc

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Quote from: usorin on April 07, 2019, 05:18:03 AM

Perhaps someone is preparing the bull run to actually take place?This could be a good reason for the sudden grow of the price.

Everyone prepares for the bull run.

And it means that a lot of people aren't willing to sell at any price. Still watching at these moments that will make the market pump any moment from now.

liuqi

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Quote from: binhvo1505 on April 07, 2019, 05:15:17 AM

Quote from: QueenVera on April 03, 2019, 09:05:19 PM

Just notice my bitcoin in my wallet have increase in value but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk. I have not been following up with latest news as my work is eating up most of my time but I have some decent amount of bitcoin and don't want to be left in the dark. Anyone with an idea what triggered the sudden price spike.

Obviously there is no clear news of growth over the past few days. This makes me hard to understand when Bitcoin is growing. Bitcoin, Bitcoin Cash, Bitcoin Gold, ... all increase at a very high level.
I think this is a strategy of some underground organization to make Q2 of the market more interesting.

How to manage you can read it article ro somewhere. How come you can find what are the possibilities for the market bump. Take it normal that is how we can expect more value in but pin, 8f you do it research you just conclude and then bo bull run will pass on.
Better to leave as it is moving further in the marketplace. That is good both traders and holders.

usorin

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Perhaps someone is preparing the bull run to actually take place?This could be a good reason for the sudden grow of the price.

Topic: What triggered the sudden rise in bitcoin price? (Read 735 times)