Bitcoin Forum

where is this sudden pump coming from?
in excellent news, do you think that btc is ready to jump high again?

i will say you just keep your fingers crossed, watch and see, from analysis the price of cryptocurrencies always jumps at the second quarter of the year. if you have been keeping close watch you would understand this. thanks

Maybe this is the time for bitcoin to start rising and really rising soaring, and this is very good news for bitcoin holders who bought lower prices yesterday.

bitcoin prices rise up like this I think this is because btc officials have dared to comment on crypto, so investors are brave enough to start coming back again.But what is worried about is, this is just a momentary euphoria.

I tried to search google for the same answer but unable to find any realiable source of news which can justify today's price surge. However, if you are monitoring the price of bitcoin continuously, then you might have noticed that the price was not fluctuating much since last few days. In real world stock market scenario, we call it a phase of "gaining strength before taking another leap". It mainly occurs when the price of an asset reaches its optimum low and investors start entering into that asset pushing the price higher. Probably that's what happened with bitcoin as well. But whatever is happeneing, it's positive.

None is completely sure at the moment but some say its short liquidation or short selling of BTC trades on major exchanges. Bitcoin also had a record volume of 1.2 billion, which is quite frankly surprising at the moment. I personally think all of this is just due to some whale playing with some funds.

There are divergences on what has had an effect for the rise of the BTC and the other crypto. It may only be a momentary respite, as the market continues bearish

Same here. Not sure what has caused the price to jump $1,000 USD within an hour. Just saw the price being and around $6,700 USD and within few minutes all of a sudden I see the price has reached $7,800 USD. Almost about to hit $8,000 which will the first time since before march.

Well could be 401k released already so people have a lot of money to spend. Or could be the whales are already making their move and bought a huge amount of btc so the price can climb back up. There's no real explanation found on the web regarding this pump. We just have to celebrate

If you follow the Bitcoin rate over the years, you will see that the Bitcoin exchange rate increases in the last 6 months of the year, and now Bitcoin rate is up 13.04% just after one day I find it entirely reasonable. Because after facing 3 consecutive months of falling exchange rates, the BTC rate will increase rapidly to the end of the year, predicting that it will exceed $ 20,000.

News about BTC's growth is on the news today!

BTC may break through the downturn and start to rise! We may soon see the BTC rise above $10,000 by the end of the month!

Is this a positive sign for a bull market?

Trading is the really the reason why we can not rely on the especulations where and when the big changes is primary in its value in the trend of crypto. Perhaps we can contribute is to rely on the continuously change of its value untill returns to its original maximum value in the past.

I did not find a very influential news that could make today's bitcoin price hike so I suppose that pumping today just to get more profit before the tax deadline later on April 17th in America. They want to avoid paying taxes and take advantage first before cash out so that this increase will continue in the next few days. but, if my guess is wrong then this rise will be the first signal that a trend reversal has arrived.

It is indeed a sudden jump rate, but I believe, many investors around the globe invested today in bitcoin.  It is a good sign that bitcoin is getting better.  I'm hoping that this continues as the successful will be with it.

No why, its just happen. we wouldn't know when people decide to buy. seeing the price rises only indicate more people decide to buy in at the moment. most news about bitcoin doesn't affect much.

there are panic buy, because the "whale" do some big buy on bitcoin and makes the bitcoin price is increasing, its normal if the people still buy more and more i think the price of bitcoin will increasing more and more, and i hope that bitcoin price can fix above $15000 again in end of month

George Soros is buying.

I think the bull run is becoming a reality in the current situation probably why people are doing the panic buying because they are seeing the market trend doing great this time. Great profit awaits for the bitcoin investors and that is mainly the reason for this buying.

it seems to me like a market manipulation kind of but who is bold enough to make this much of a purchase, I don't know, I also think a pump and dump is also unlikely because I never seen it done successfully on this large of a scale. it seems to me like we really don't know.

it takes $2,000,000,000 for Bitcoin price to go up by +1%

In one day all investor has spend $20,000,000,000

Banks and governments are finally realizing they screwed up by bashing Bitcoin

https://www.youtube.com/watch?v=zanA6JwG7CA

We are both in a quandary as to where this sudden pump comes from. But if we take a look at the 13.04% growth, it is not actually a big deal. It is within the normal growth. Perhaps we should be shocked when it is 50% or 100% in just an hour. But with that little double figure, there is no need for a really huge news for that. After all, it is Bitcoin. Bitcoin has always been eyed by so many large investors especially these past few days because of its very cheap price.

The bulls are returning to the cryptocurrency markets, that's why.  Everything has been oversold making prices drop very low this year and now is the recovery stage.  Many cryptocurrencies will break their all time highs later this year.   :)

Most of us dont really know why the price pumped for the last 24 hrs. But I maybe just maybe it has something to do with the taxation days in the USA.

Everyone hopes that it will continuously increase by the end of April. It is definitely a good news for everybody since last month of just playing around $6500 but still we still don't know what will happen next so we have to keep vigilant.

because there are more buy orders than sell orders. That is how it works. That was also the reason for sudden decline in price from $20k to $6k. Hard to tell why..

Maybe the market is vibrant again :) :) :) :) :) :) :)