Bitcoin Forum

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.

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.

There is indeed no major news about this spike. However, I was going through the Reuters website to gain some perspective and found the below news,

https://www.reuters.com/article/us-crypto-currencies-idUSKCN1RE0JY

I encourage you to read this where close to 20,000 bitcoins were transacted in three major exchanges but algorithmically managed by one source. I don't know how to define this but it is an interesting read, especially in this dicey situation!

The whales are likely testing the water as they say.

No greater news that can uplift the bitcoin price on its value than “the hype”.
Popularity, panic buying, and trust issues will be back on track with it. So we may have a trend or just for a while to sink again.

You will find articles concerning how it's due to brexit or something but I think it's just because the whales are back in the market and what's better to invest , when it comes to cryptocurrency *Bitcoins* off course but you know you should see that there are many other currencies whose value is rising with Bitcoins that's just because most of the major exchanges are interconnected , most wallets support BTC to other currencies buying and selling thus since the Bitcoins is going great others are seeing the profit too, I think this is very nice it just increased to 20% more , let's hope it shows us 2017 again 🙄🙌

There are a lot of speculation and rumours, but none of this can be validated. Some people say that a single trade of 20 000 bitcoins on 3 exchanges, triggered a bump in the price and others are saying that physical delivery bitcoin futures contracts are being funded now.

Exchanges are not allowed to divulge specific details on people's private trading, but observers can say if there are abnormal trades that might have triggered some movement in the market.  ;)

Whatever happened, should just continue, because we are lovin this.  8)

I've read that it was a pump from the Asian market mostly from Japanese or Korean exchange. It started when there was a trade on 3 exchanges with over 20,000 bitcoin order in a transaction at the same time. This trigger the pump that we've seen in the past days.

Source (https://www.coinspeaker.com/bitcoin-price-mysterious-order/)

I'm not expecting that, look at the trading volume, it's not being manipulated.
We reached $82 billion trading volume in the entire market based on the figure reported by https://coinmarketcap.com/charts/.
The time we reached the ATH last December 2017, the trading volume is lower than the current volume.

interesting read. IMO, once we were in the $4100+ zone it was obvious we were going to break out.......triple tops never hold. so the whale was a catalyst but not really the cause. whales eating up liquidity near the spread is inevitable once a technical move becomes obvious, though 20k coins is quite impressive!

How about this news 3 Factors Were Likely Behind Bitcoin Price Surge To 5k (https://www.coindesk.com/these-3-factors-were-likely-behind-bitcoins-price-surge-to-5k)?

There is much news in out there that saying about the causes but we don't know the truth, all we know that bitcoin can back to the higher price without notice. Maybe there is a signal or clue in the market that we don't see so we are shocked to see how it could be the price increases in just a few hours.

Of the 3 Factors mentioned in the post, the third is most likely. The first reason of technical analysis foreshadowing a bull move is trivial and in always possible in hindsight. The second reason of approaching halving event IMO is still not influential enough. The third reason of market activity related to the Reuters news is the most probable.

Also checked the article and it seems to be the only logical cause. It's still to early for the halving to have an effect, we aren't even talking about it much.


Maybe they are checking if we'd quickly dump at that price?

Most of the info that you want to know about this can be mostly found on google.

Some that I've read said that one whale triggered the market and the rest followed his initiation.

For my view, I would say not serious like any news that caused the price increase because news most times don't have immediate impact on bitcoin price, so maybe it is the whale that tried to pump a bit. And it has been long time coming. The expectation is high since we have been on bear.

Rapid fall? Why? I think bitcoin needed some big push and this rise was it. To be fair as I see there is very optimistic feeling among a lot of bitcoin users + it's an amazing news for miners too, a lot of people were leaving bitcoin mining because of it's unprofitability, price has increased by more than 25%. What kind of sudden fall do you expect? From 5000 to 4000? I highly doubt it will come lower, even highly soubt price will come to 4K, maybe will be in stuck between 4500-5000 and then rise slowly or possibly it will reach 6K in few days.

maybe because of the large number of people who adopted bitcoin yesterday that made the price of bitcoin quickly experience a good increase. because the impact is enormous for the increase in bitcoin if there are many people who adopt bitcoin on a large scale

Most likely the 3rd one, aptly term "Algorithmic Trading" by some entity that really pushed the price in just short amount of time. It was really a brave but calculated move, just look at how many FOMO so easily in the last 3 days or so and enter the picture once the price keeps going up. If you could imagine some positive news in the future, it will create a domino effect similar to what we have witnessed and then probably get over another mental barrier, +$1000 to the price in an instant.

Institutional investments have contributed to the rise of bitcoin and also I guess the news about the Russian government of a billion dollar investment in bitcoin is a plus to make the price go up.

I think this is the long term cause of Bitcoin gaining but I don't think this is the reason why Bitcoin triggered sudden rise. There are a lot of factors such as SEC released guidelines for token issuers, Elon Musk's support to Dogecoin, & etc. We can't exactly tell which of these factor contributes BTC's gain but what important is that we see how people really value cryptocurrency, Bitcoin, and Blockchain.

I think it was due to price not being able to go down, the traders want to see price moving and honestly it is always easier to drop the price until there is a huge rock keeping you from going any further down, for example if you want to increase the price all you have to do is buy bitcoins and there are people with billions of dollars who can do that, not like they do it but technically speaking it is possible to increase the price as much as they want and make it even 100k if they want to, just simple math.

Moreover, if you want to drop the price you have to sell bitcoins and the number of bitcoins is limited, so you need to keep dropping it by selling as much bitcoin as you can sell but after a while bitcoin number you want to sell will become zero. Price just couldn't go down anymore and that resulted with price eventually stabilizing and now going up.

I don't know the exact reason for sudden development but I had little confusion about the stability because if we trust this and invest once it will again continued to fall there will be lots of disappointment it given from the investment so I think we need to be more attention in this time then only we can get the price for our investment.

The main news that made the sudden pump in price is yet to be known, some said its due to the rumor about ETF approval, others said a whale somewhere bought bitcoin worth almost a million dollars some few days back. Well I don't think the reason behind the pump should be a problem. Rather how long and beneficiary will the pump go should be our focus.

To be sure this is the cause of mass adoption from various quarters because this can be called a natural increase when Bitcoin tries pumping several times and this time it can occur more than $ 4000 to $ 5,000, then achievement after a long wait in the past few months after the hype occurred in 2017, but not too rushed to celebrate because in the future the market cannot be predicted with certainty, everyone also thinks there is no big news coming up for now but there are some agreements that fully support cryptocurrency, maybe if there is good big news who can pump for the umpteenth time, I hope that happens after getting a positive score on the market.

The sudden changes means it will attract everyone but if it not stable we have to worry about investment now so I am waiting to see the changes stable then only I can make my decision about their investment in this time.

One thing we can see apart from the price growth is the spike in trading volume. I know it might be faked, of course, but since we don't have any better source anyway, I check these parameters on coinmarketcap.com regularly. The trading volume of Bitcoin grew from 7 to 9 billion dollars since the beginning and till 24th of March. Then on 31 of March it was still $9 billion, whereas at least today and yesterday it's pretty much doubled! Some serious activization of traders must have happened, and when the volume rises, evnetually people settle at higher prices which leads to growth.

What triggered the bitcoin price to increase is a good question that puzzles me a lot after all these days.
There is still no evidence of the real reasons that made the price pump. It is said that investors tried to covers some short term positions that made the price pump.
Another rumor said that a Fake article that was published on April's Fools Day made investors believe that the price is going to increase.

in my opinion the progress of crypto currencies and crypto markets all depends on their own investors and no one can ensure the development of government crypto currencies can also affect the development of the crypto currency

The reason for the spikes in the market value of Bitcoin and altcoins is still yet to be a certain, some people are of the believe that the huge transaction that happened in about three exchange (whales) was the major factor that push the market forward why others are of the view that it was rumor around the crypto currency market that affect the price upward.

SEC ETF approvals may be the main reason for BTC pump and this is the sign of the bull market and we may see bull rally  this quarter

It's amazing how much $100M can do to affect a market. That mystery order was able to drive up the price by 20%

Some people are pointing out to technicqas like rewards halving but people have been talking about that before and there wasn't much price movement then so I really think it's that $100M.

There could be a lot of reason. I even heard that the adoption of btc for transport in Ukraine has affected the price. But there were times when there were better developments than that, and the price did not increase. It is important that psychologies think in the same direction.

With crypto-currencies, everything is not arranged as with traditional assets. Sometimes even important news does not affect the value of coins. And very often there are manipulations in the cryptocurrency market. Despite decentralization, there are large investors who can easily manage the value of tokens.

It is still speculating about the 'individual' but it sounds plausible, more curious what the motivation was. New plans with a project? fiat gain ?  Time will tell.

Oh this is very good. for that reason bitcoin is a good investment. Imagine that today you invested $ 100,000 and in five years your $ 100,000 would become $ 1 million? Who has a lot of money to invest in this market, also has a better chance of getting much richer than it already was


why are some people looking to know about the reason for the price increase? it's not possible that the price increases without there being any good news?


I believe it was a lot of demand.

I have not much of an idea too because we have the same issue about eating a lot of time with work. ;D

But the number of exchanges are getting higher and that could be one reason. Also, this will be normal as we go near the halving.
Even if we are crawling our way to the future, the addition of investors will affect the value of it.

You might as well just keep your bitcoins and let time do the work.
It will rise. I am sure of it.

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.

for crypto growth that is happening right now we don't know the details of what caused this growth. the most important thing is we have to be grateful about what happened to crypto today. the problem is that increasing crypto is very much awaiting us.

Our continuous support will be a big help for its price inflation and also people realize that selling their coins int low price will only causing declining trend which we don't want to happen. We are through in the rough actions, and we have give our trust with crypto cause thats the only we could help it out from any possibility for drowning back.

Bitcoin that suddenly rises, it's very easy to guess, in principle I suppose, the price of Bitcoin is the same as you guess the price of apples on the market. Deal between the bid price and the price of demand for Bitcoin on the market. That is, Bitcoin is a homogeneous digital currency.
The answer to your question is: the price of Bitcoin rises depending on the price of the request (the person buying) and the price of the offer (the person who sells). In modern language is supply and demand.
You know what I mean.

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

it's true the problem is from 2017, for example, with the large number of people adopting bitcoin that makes bitcoin experience a really fast price increase

Finally, I could not find a valid reason for the upward trend, and I could not find any news to trigger this rise. Although I came across some news and articles in various sources, unfortunately, I have seen that these contents do not give much information about the details. If we think of a few possibilities of this rise, we can immediately notice the fact that we may have a new carp hunt. Of course, if this is not the case, we can think that new investors enter the market with serious budgets. That is, there is no valid reason for this recent upward fluctuation, but there is no serious retreat.

I don't know if this was true but I read an article about Russians bought an $8.6 Billion worth of bitcoins. It says it is due to sanctions, it's what they say. And also some Russian economist predicted BTC would be $2 million at by the end of the year 2019. Here is the link if you want to read the full article. https://bitcoinist.com/russia-bitcoin-kremlin-economist/?fbclid=IwAR2fQ07QeGPARoy4_4c0PKn4sJ9LdlSnT9CTtTg7Ydszg3zXnxamtw6hjPU (https://bitcoinist.com/russia-bitcoin-kremlin-economist/?fbclid=IwAR2fQ07QeGPARoy4_4c0PKn4sJ9LdlSnT9CTtTg7Ydszg3zXnxamtw6hjPU)

The lack of valid reasons for the new trend make articles authors write anything justifying why bitcoin is rising so fast. Then there is a lot of weak points and speculation explaining why bitcoin is doing so well now, it doesn't give any idea of what is really happening.
Probably it's just someone or a small group pumping btc and some other people following the trend. At least it's good news to show to the skeptics bitcoin isn't dead.

I guess the price seems stuck once again, it doesn't going down and its not going up so I think we can say it will eventually stay around here for a while. I do not mean like the exact price, remember just couple weeks ago going back down to 3800 and going up to 4200 was very common, it happened all the time and we were used to it (so was the traders who benefited from it lol ) but than we moved up and it looks like its stuck yet again.

I think just like the similar thing it will find some prices it can range and will move up and down between those prices, lets say 4600 and 5100 for example (numbers are made up). So, I believe it would be futile to expect huge moves from bitcoin for another while I suppose, I mean it could still happen but I feel like it will just go up and down in small prices.

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.

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.

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.

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.

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.

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 ;)

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.

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.

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

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.

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

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

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.

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.

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.

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

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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

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.

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.

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

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.

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.

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.

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

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.

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.

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.