What triggered the sudden rise in bitcoin price? - page 2.

binhvo1505

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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.

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.

GregH37

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Quote from: sirminesalot on April 06, 2019, 02:00:05 AM

Quote from: sidkz on April 03, 2019, 10:23:35 PM

this growth was made in a very short period of time, and there was not any positive news, perhaps a rapid fall may soon follow, all this is very suspicious.

everything can happen, all possibilities can happen, no one can be sure, and in my opinion the development of the crypto currency depends on the investors themselves

I honestly think that whales are in the market. There has been a larger sell other than usual because some people had little increase and the whales in the market is most likely the reason for the sudden increase in Bitcoin rise.

Because, if we watch carefully there hasn’t been any announcements of any major project that will make more investors just come in like that, and recently I think there is a sudden larger buy orders, this shows whales in action if you ask me. I also feel there is a larger sell order than it is usually. I want to believe there is an ongoing manipulation in the market by the whales.

Ezenwanyi

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There was a lot of good news in the last couple of days , more recently is the news about sec approval.
This news gave rise to speculation which in turn affected the price of bitcoin positively.

Pab

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There was good news about blockchain and crypto in fact
We had Fidelity launch,news about Visa,JP Morgan,Facebook,Samsung
We have positive view from CFTC Chairman who told first we don't want to hurt technology
Even SEC wants to hire cryptcurrency specialist
But bitcoin was accumulating for four months ,halving is closer every day
And that price is still 25% below yearly high
So all together we have price increase

Visbay

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Quote from: sirminesalot on April 06, 2019, 02:00:05 AM

Quote from: sidkz on April 03, 2019, 10:23:35 PM

this growth was made in a very short period of time, and there was not any positive news, perhaps a rapid fall may soon follow, all this is very suspicious.

everything can happen, all possibilities can happen, no one can be sure, and in my opinion the development of the crypto currency depends on the investors themselves

Agreed with you, as it is all about the investors who are investing because if they will invest on right time and sell on right time it will not reduce the value, so yes same as you I think we are the ways of rise and fall in price, because of high number of investors market is getting better and it will continue rising until the price of bitcoin will touch the sky.

SiDtHeBeSt

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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.

whirlcoin

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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.

everything has some Trigger point in it so it was not happened for Bitcoin from a long period of time so if it was happening then the price will possibly up and this will happening right now so I sure it will continue for long period of time to develop.

waynechong1995

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swing!

Source says big orders amounted 20k BTC had triggered the short pump over an hour, and the catalyst trigger buys all over the places, could be the whales testing the waters with other bags of alts over around, that's an assured profits for these people as there's nothing they could, sure we gained a little but not much over the bear market from 20k, guess fishy things MIGHT going on

Ucy

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It is certainly not fundamentals nor technical reasons. Both do not work very much these days.. The situation works like gambling now. You cannot make accurate long-term predictions

babarian

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of course, because of trading activities, demand that is much compared to offers that make prices of offers slightly increase and make the price of bitcoin continue to increase besides the influence of the income of the miners also affects the increase in the price of bitcoin.

actually, there is much other good news that causes pumps to occur. whales returned to the market to start investing again due to several bull run predictions this year.

sirminesalot

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Quote from: sidkz on April 03, 2019, 10:23:35 PM

this growth was made in a very short period of time, and there was not any positive news, perhaps a rapid fall may soon follow, all this is very suspicious.

everything can happen, all possibilities can happen, no one can be sure, and in my opinion the development of the crypto currency depends on the investors themselves

Kasabus

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Quote from: gowobonyok on April 05, 2019, 08:12:13 PM

Quote from: sidkz on April 03, 2019, 10:23:35 PM

this growth was made in a very short period of time, and there was not any positive news, perhaps a rapid fall may soon follow, all this is very suspicious.

indeed there hasn't been a major movement that has taken place, but at least the value of $ 5000 still persists to this day. this is quite positive Wink

Bringing the value of BTC to $5,000 is already a major price increase.
We have to relax now, market seems to be lowering it's trading volume and good that we stay at this price.
The next price action could be a possible dump, or a little correction, then we can expect a more price increase in the future.

Tramle091296

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Well the sudden rise in the bitcoin price is cause of law of demand its simply the investor bought more bitcoin than in a normal day and it cause more in increase of price of the Bitcoin.

More or less this is the always Goodcause of being a popular cryptocurrency more investor are willing to invest and use it for their daily needs.

gowobonyok

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Quote from: sidkz on April 03, 2019, 10:23:35 PM

this growth was made in a very short period of time, and there was not any positive news, perhaps a rapid fall may soon follow, all this is very suspicious.

indeed there hasn't been a major movement that has taken place, but at least the value of $ 5000 still persists to this day. this is quite positive Wink

entebah

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Quote from: eaLiTy on April 05, 2019, 06:26:53 PM

The initial rally started when there was a hundred million dollar order spread over several exchanges simultaneously took the market to five thousand level, I am expecting a pull down from this situation, let's see how the market reacts in a couple of days and them determine whether the market will rally further. Hopefully we will not see 3k level again.

Yes right, because the growth of Bitcoin prices will definitely occur in any way, because Bitcoin is a very valuable asset, and now big companies in the world have started investing in Bitcoin, so this Bitcoin will not be easily destroyed.

eaLiTy

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The initial rally started when there was a hundred million dollar order spread over several exchanges simultaneously took the market to five thousand level, I am expecting a pull down from this situation, let's see how the market reacts in a couple of days and them determine whether the market will rally further. Hopefully we will not see 3k level again.

Best Dreams

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Quote from: Muzika on April 05, 2019, 08:22:28 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.

It is just like predicting the price for the next couple of days and months, we really dont know when it will happen at the same time the sudden pump might be only made by a couple of whales to wake up the market of some coins without a technical reason.

Whales makes huge change with the market, they can make the market and they can break the market, so don’t support them if someone tells you that price will be down lower to the bottom, don’t listen to them just hold your investment with patience. Market price rises with our patience and with our own support so buy when the price falls and hold.

redsun114

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We don't really know what caused the sudden uptrend ,but let's keep on watching the price and see what will happen. If it begins to fall again then that means this is not yet time for the bull run. But, if it's just a little fallback, then we will know that we have been at the bottom all this while and it is time for another bull run. And moreover we have waited for this to happen for a long time now, so I really hope it is. Though I'm not might excited about it.

Adriano2010

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This grow was maybe made but some whales or just a group of people who invest money on and want to get more coins and after sell again more coins to get at least 50% profit if they have enough money again to launch on markets.

Pamadar

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Quote from: avarnet on April 05, 2019, 10:30:30 AM

most likely because there are many investors who adopt bitcoin a lot because it will make a good impact for bitcoin to experience price increases. so in my opinion because of these factors

There's no certain information that this was because of new players who joined in from this market, but if we will follow the supply and demands nature
of investment, we can assume that because of buying orders that's why the value rises up to this amount right now.

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