Bitcoin Forum

Based on data I saw in CMC the price of bitcoin went up within a few hours about $700, which was originally $10600 now at $11375, whether this is just a manipulation as whales do to provoke the ongoing FOMO, which then whales will take profit and the price will dump or will rise steadily until the end of the year as experts predict until it rises to $12000

Possibly the price will dump, but not below $10000 for now, bitcoin has a strong supoort at $10000, the increase of bitcoin price is not because of fomo, if supoosing the price is increasing in a way that can attract less or no experienced person to buy, then it is fomo, but this is not the case, the price only rises little. About the cause of the recently slight rise, I do not know the cause, but it shows bitcoin is well performing.

Bitcoin isn't rising all of the sudden, the growth we're experiencing right now is the manipulation along with increasing demand causing the growth. $700 difference in a short time span is common with cryptocurrency. There is good stability in the market, and the same seems to make the price grow high and reach $12500 by the start of the November month. Maybe after crossing the $12500 barrier there is possible chances of downward deviation with the price of bitcoin. Once again it gets started to grow from the end days of the year 2020.

Because we are already in the last quarter of the year and I believe that bitcoin will end up bullish. Remember that bitcoin hit over $12k this year, so this is not new as it could continue or dump again. Manipulation? that's something we don't know although we believe it exist, just analyze the price movement carefully if you are free to join the party then jump and play the a risky game.

There's no news about the rise but this one should help.

https://cointelegraph.com/news/12k-bitcoin-price-back-on-the-table-after-btc-rallies-above-114k


$12,000 incoming..

Bitcoin already reach $12,000 around 2 months ago, it's possible the price will reach $13,000 or $14,000 in end of the year.

IMO it just a demand and supply rather than manipulation, rising for $700 is not really high for me because it's only change around 6-7% which is normal. We've seen a huge pump in the past around $3000-$4500 (30-40%) per day.

Bitcoin sudden rise is not a surprise to me, although big news in the crypto space should also be considered to be the factor too. In recent time, about 5 days ago, the owner of Twitter company Jack Dorsey purchased a huge total sum of $50m worth btc, I think its because if this incidence that cause the sudden rise of bitcoin for approximately 5 days now.
I agree with here, btc expert traders and analyst had made it clear that bitcoin can never fall blow $10000,, as that's the point of greater support.

It is a common behavior, sometimes we can just stop there ($10,000 - $11,000 range) knowing anytime soon the market demand will change. If we check the support level, we'd likely to witness some market push towards $12,000-$13,000 rates. It could be time to tell that investors are now making their way of investing Bitcoin after leaving Defi projects. No, they have noticed that Bitcoin has the potential than having those altcoins.

Many experts did say that Bullish might be possible but that is not my take this year. Less possible to see it back but I was then optimistic to see $15,000 this year.

He means the sudden price fluctuations. We know that is normal on BTC but there's always a reason behind it, it's either a new whale enter BTC or some whales manipulating the price because they open long position on future trading. These is some possible scenario out of many possible ways because we can't determine the exact reason of this price action unless someone claim and prove it. This is a nonsense discussion anymore because there's a lot of this same scenario on BTC and its normal already. The forum will be flood by this same thread if this continue.

Beware of the CMC gap tho. Who knows what kind of trick those big players are gonna pull later on. I'd not be so sure unless we got a strong daily close above $11.5k before we can pump it happily until $14k.

I'm not surprised about the price bull in the last 24 hours or whether the price was manipulation by intentional act from the bitcoin whales, no to that. If you calculate from two weeks ago and from the time price entered $10,000, it has been stable above $10,000 and not below, or only once down to $9,700 - 9,500 and back $10,000. It is therefore not a surprise for me with the increase. The halving might have found its way after like 5months.

Probably this:
https://news.bitcoin.com/square-bitcoin-50-million/

$50 million being invested into Bitcoin. I think that is enough already to make the price of Bitcoin to go up and include all of the other investors who bought it too.
Overall, sudden rise in Bitcoin's price isn't the thing that I would be surprised with because it happened many many many many times already. If Bitcoin will stay above $11,000 then there is a chance that it will go higher and will try to reach the $12,000 price or it will remain sideways at around the $11,000 and the $12,000.

It's obvious that price of bitcoin is not constant trying to know the actually regulation of Btc its very difficult and difficulty to predict.


Anyone can come out with he/her obligations towards Btc prediction, I believe that the price will go up more than $1200 as mentioned but what everyone is waiting for is time.

Bitcoin is moving in a flag-tailed chart pattern and it is pointing upward in a favorable situation. Of course, the good news is that the CEO of twitter reported that he bought 50 million dollars in Bitcoin.
News with mix and pump chart.
https://www.tradingview.com/chart/BTCUSD/b7z0bkGB-BTC-Fools-Me-AGAIN-Pumping-Above-New-Upper-Triangle-Limit/

I believe that in this sudden rising of bitcoin was due to new whales investing in an huge amount of investment in bitcoin. I may have feeling also that this may affect future market fluctuations of bitcoin though fluctuations of values of bitcoin was very relevant and frequently happening in cryptocurrencies. And by having a value of $10k was really good enough for investments and maybe its the reason why investors are being attracted.

It suddenly crashed in the early September so this recovery isn't something I'd call suspicious or manipulated. It couldn't reach new lows so it went up looking for high resistances to break. If that crash wasn't a maniplulation to you why is coming out of it a manipulation, OP? Technically speaking, we had a breakout that was followed up by traders in different time zones.

there is nothing sudden about this rise and specially since it is not a big rise we can't consider it even a small sudden rise. price has been stuck in $10k range for over a months now trying to get to $11k range. on top of that we had $12k+ before the irrelevant drop due to COVID19 started. so the better term to describe this rise is long overdue.
as for the size it was a small 4.5% rise compared to yesterday price and if we consider the follow up correction the total rise is currently 4%.

Expert or not, predictions were already been said that by the end of the year, we can come up with $12,000 or higher but just around of it. In fact, we've reached $12,000 but it didn't stayed there for a long time. It's not surprising that we see a sudden rise.
Things like this are becoming common these days. So if you are thinking what could be the reason, it's mostly the demand has increased and there could be a possibility that it's due to a positive news.

FOMO.

The company Square triggered a new wave of fomo from investors (retail investors, financial instutions, etc) after buying 50M worth of BTC (https://decrypt.co/44319/square-invests-50-million-in-bitcoin). The next rally just started a god knows when it will end, this could be the push the market needed for a new 2017 kind of bull run this year.

everyone, fasten your seatbelts  8)

People are waiting for a new bull run (or even a bubble) since the halving. And the pressure keeps increasing.

The tweets on Technical analysis from the last week were telling that a big move is going to happen - up or down (https://twitter.com/RaoulGMI/status/1313804159301365760).
Then there were the news about Square buying $50million worth of Bitcoin.

Obviously the price went up.

If $50 million is a lot (and this is not in a crypto world with a daily turnover of billions), then some other investments would have a much greater effect on price, and the best example would be an investment of $425 million (https://bitcointalk.org/index.php?topic=5280947.0) between August 11, 2020 until today.

The cryptocurrency market used to react much more strongly to various news (good or bad) in the past, but this increase in BTC prices can be considered simply something that happens cyclically, because if it does not go down, it will go up sooner or later.

However, it should be noted that the rise in Bitcoin prices is usually correlated with the stock market, and this market has again recorded some positive developments, especially in Asia, where stock prices have reached the highest levels in the past few weeks. All this is the result of optimism returning to Wall Street after the return of President Trump from the hospital, and the announcement that some new measures will very likely be adopted in order to help the American economy.

It is wrong to look at Bitcoin as an isolated system that does not depend on anyone or anything - here one president sneezed and the price dropped, and when he recovered the price went up ::)

I agree with your opinion. We are seeing bitcoin's movement in a positive direction. The chart pattern is very important and bitcoin is on the right track.
I think the scarcity of bitcoins on exchanges will make it easier to increase the value if the tendency to hoard bitcoins increases.

We don't know what reason behind bitcoin's price rising, and we will not know.
We can only guess and speculate without we know the truth.
Rather than think about the reason, I think we should use this moment to sell some part of bitcoin and take the profit while we can wait for another rising price later.
If the price will going down after this, we can buy back bitcoin again. We can try to analyze what will happen later, so we know what we need to do.
I hope that this moment will continue so that the bitcoin price can break $12k, and we will make a big profit later.

There's so many crypto news sites out there, of course most of them are crappy, but at least they aren't as directly scammy and bitcoin.com. Please, avoid linking to it without necessity, and always use an alternative source.

I doubt that this was caused by the Square's buying, it's already very old news, and we already saw market reaction to it. Probably there's no big reason this time, with Bitcoin not every single movement needs to be backed by some event.

Actually there is sentence '' Slow and steady wins the Race'' but we did not see every in BTC market. So we can easily guess its a manipulation of market and big big giants are doing this to take profit in short time. Now a little child can guess that market will crush very recently as it pump unexpectedly. Actually now every market doing this and real investors or hunters are in big big problem.

thanks.

The rise of Bitcoin can now be labeled as normal since this is also what occurred in the fourth quarter of 2017. Although whats happening currently is better than what happened in the past since people are now more knowledgeable about Cryptocurrencies and can make a job out of it. The demand for Bitcoin is one of the reason on why its value is steadily increasing.

Bitcoin is highly correlated with sp500, I would not seek further explanation. You can check all the max an mins this year

Its normal. I have seen bitcoin fluctuating like this for many times. We cant not know why because bitcoin is anonymously trading daily

I don't think it's really anonymous as you said above.
Since you're know the total trading volume daily (today) why the price rise? ::)

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[1] https://www.coingecko.com/en/coins/bitcoin#markets

That is the true nature of bitcoin which is Volatile. Price change suddenly because of the demand. Now that the value of bitcoin keep on increasing, it means that their is a high demand and if it will continue to increase then, there is no doubt that it will reach another ATH before end of this year. This is a great sign that bitcoin continue to attract more investors and the adoption of it will also increasing.

The price is up a bit, but it's nothing to get too excited about. Such things happen very often, I think it's just fluctuations. Just a few days ago someone was complaining about a low price, so maybe the ideas that Bitcoin's too low built up, people started buying more and the price is now higher. There are some major events that affect the price deeply (and usually in a negative way), but this change is so insignificant that I wouldn't even bother reading hypotheses why this happened. This probably isn't even a trend as the price already went down a bit. So nothing new.

Remember that the halving happened is months ago and I guess, this could be considered as a result of halving as we the most anticipated and awaited that the price will grow.

On the other side, the reason for suddenly bitcoin raised is unpredictable. There's a lot of prediction towards the price of bitcoin speculations, others are very optimistic and believe that at the end of this quarter year, bitcoin will head up to $12k value or higher than what we expected. Keep holding and help whales to dump the market again.

Bitcoin halving is a good factor, a lot of things are affecting the market price of bitcoin so we can't really pinpoint specifically to the main reason for the sudden rise in the market price of bitcoin.

The Market price is still in the range of 10k$-12k$ which is the market price in the past month so bitcoin is just recovering in the past dump. For me having this movement in the market price of bitcoin is just a normal thing in bitcoin, supply, and demand, etc. Market price could still rise up in the coming months up to 15k$ and that's not really surprising as almost a lot of people in the cryptocurrency community is expecting and believing in bitcoin to surpass its ATH, that is why a lot of people is still holding bitcoin for long term investment!

Just wanna point out the way you describe it as 'suddenly', it's not all of a sudden that the price of bitcoin rises, it happens every time when people are buying it. The thing is maybe you're not just monitoring it coz it's been stuck in $10,000 for quite some time but it's no the first time that bitcoin did it. My opinion to this rise is because of FOMO of corporate companies out there, they started accumulating bitcoin now  ;D

I think the recent rise in bitcoin is due to the news that China's central bank has released a test of 10 million virtual coins. This is pretty good news for the crypto market so the bitcoin price soaring is understandable, perhaps bitcoin will reach the price of $ 12,000 by the end of the year.

If cryptocurrencies are still banned in China and they are releasing their own centralized coins it will not help existing coins in any way. If I'm missing something then please enlighten me.

I don't know about any new laws in China that might bring back crypto trading.

It's pretty much all about the recent square purchase and the technicals that were pointing towards a breakout for more than a week. Square news just made sure the breakout was bullish ;)

^ Probably it is another factor why bitcoin becomes in bullish price in the market recently. Another news is this news (https://www.coindesk.com/maltas-prime-minister-hails-crypto-as-future-of-money-in-un-speech). There are possible reasons why bitcoin was suddenly pumped up and I think this is being normal as we all know that bitcoin is very volatile and every now and then it will fluctuate the price either it will down or up.
Nevertheless, I saw that the bull run is already near and usually it will pump in the month of the end of this year.

The price movement is a normal thing we can see on cryptocurrency industries trading movement, therefore bitcoin is simply know as a movement assets in the digital form, which every one need to have in one way the other, to keep spread the good news of Bitcoin with a sells history.

There are many factor affecting the price of Bitcoin. No one can name a certain reason of its jumps and falls.

Interesting view :)
BTC is doing quite well! the support at 10k seems unshakable. look at the recent pull up, could that be whales causing a FOMO? well even while considering the upcoming major political events, i believe BTC is not gonna crash hard, rather i have the believe that BTC will surge higher.

Bitcoin has mostly been a tool for speculation.

It's completely possible. Currently, Bitcoin is doing spin price moves meaning it's not doing any sharp or spike movements. According to the history of bitcoin, whenever price is doing little spin movements in same level of the price, this will suddenly dump or pump hugely. That's actually, the rule of ATR (average true range). As we can see from the previous price pumps, It's totally possible to see the price rise again with a sharp moment maybe to break the 12K resistance area this time. However, there is a price gap on 9700 and there is a little possibility for the price to fall and fill the gap.

 Bitcoin price fluctuate rapidly by their very nature extremely volatile. I think a lot of people may lose a lot of money if they're not aware of what's going on why those price shocks happen and again it's down to new markets that are disruptive and they're very thin so they move very quick

It happens all the time,in both positive and negative manner.If the price difference is 700$,it will not affect you fully.Based  on your holding coin and his percentage,you get a loss or profit.With this sometimes,the whale will influence the market with their huge holding of bitcoin.It reached to 12k$ in first half of August itself and undergo some correction.

Yeah, that time I though that the bitcoin price will go beyond $12,000 but it doesn't even last and came back at the price of $10,000. At that time, I don't think that it is enough and profitable for me and I've waited so much instead. Which is I regretted that month and I learned that mistake to never do that again amidst of bitcoin price. No one expected for that price to increase and occur and I'm hoping for another ATH but my expectation didn't happen.

The value of Bitcoin does not depend on Chinese actions, but on chart patterns as well as on other related news such as companies and individuals that have increased their bitcoins.
China is not interested in bitcoin, they are only interested in blockchain and they will seek to eliminate things like bitcoin in their payment system, and in fact, they are creating the country's cryptocurrency.

I don't know what is happening but it seems that we might pass through $12000 this time. I guess the price will be more than $11000 this time though I think that it might still go down since if it is really a manipulation by the whales, there might be a correction or maybe it would just go up to $12000 in the next few weeks.

Bitcoin price rising is because of a demand or market manipulation except the fact that bitcoin is really volatile but if it suddenly increase then I think there is another factor affecting on it. Either there is a news that makes bitcoin in demand now after a long time time that it's value remained to $10k but now it's on $12k which is a good sign for this year 2020. Hoping it will continue to increase and surge high again.

Big chance that it can provoke more buyers and holders to bring the price to $12K it's very possible since momentum is really showing coming from the market.

Once this continuously grows more and more demands will show up and another sets of new investors will comes up and start bringing new money inside, we can continue speculating and enjoy what this investment currency bring us.

This is GreatArkansas Chart and this Chart indicates that the movement of Bitcoin is repeating in 2014 the price went down until mid-2016 sam happens to 2018 up to now the price drops but for a certain decrease of price there will always be an increase always a momentum of increase indicated in the mid-year of 2016 and ending the starts of 2018 so 2020 I think this will repeat the cycle and pertaining the year 2020 up to 2021 up to 2022 will surely prosper in the increasing price of Bitcoin.

Right now even though there is manipulation in the buy and sell of Bitcoin this could still be good to really buy and hold Bitcoin up to the year indicated.

It only means that the demand has increase and it is the main reason why bitcoin price is rising in a short period of time. There is a big chance that there
is whale that is on move in buying a bitcoin or a company that bought a good amount of bitcoin.

In which cases, the selling option has been fully occupied by the demand or the buyers that is why the bitcoin price is starting to gain almost 7% within 7 days.

It is normal for bitcoin to rise again. Bitcoin is one of the popular coin all over the world. It has a great demand and when demand gets high then price stars to rise again. It is the basic crypto currency rules also.

As we experienced bitcoin price is pump ince again with a big margin,now its should be very carefull to take a risk.as it we r in the last quarter of rhe year the price have chance to pump 12000$.lets see what happen.

The market is cyclic, there are more bitcoin users, the popularity is growing... The accumulation phase may soon end and a new round of growth will begin... Then, new bagholders will appear on ATH... The bubble is deflated... Repeat! ;D

This is the season many people have been waiting for in the areas of market for them to trade coins and make a good profit. Bitcoin is different from other cryptocurrencies in terms of pumping in the areas of market compared to other crypto which they are still dumpling in the market at anytime.
I think this is the season bitcoin use to stable in pumping in the market.

Yeah you are right.charts show clearly that bitcoin is pumping at very high speed.we can say that bitcoin price of bitcoin at the beginning of new year will be probably 12000$+

The rise is not just all of a sudden. There are certain factors that serves a contributors why the price rises up and even falls down every single time. Now, with regards to that, the rise and fall can be partially be affected or manipulated by the flow of demand for Bitcoin, can also be because of the big investors that many known to be the whales of the market or other contributing factors that can affect like the news coming out every single moment which can possibly or certainly affect depending on the type of news which will affect human behavior and decision which makes necessary and unnecessary actions which leads to the fall or rise of the price which is based on the actions being done by the people and the market behavior. Popularity might as well become one for people now recognizes at times like this the importance of Bitcoin on their lives.

Obviously yes!
As long as people keeps speculating for bull run coming in 2021, price will tend to go up in a certain point of time regardless If Btc will crash a few hundreds of dollars, It'll always come back up.
Though this Btc price range is a bit expensive to accumulate more fractions, but retail investors aren't selling either. So, If there's a massive buy out like the Square, It'll obviously makes a good price impact.

Over speculation can be seen as weakness, just like the froth of a wave may rush forward but also retract as it is not as solid as the tide encroaching the land.     Longer term we are progressing more slowly then sometimes appears and we'll retract to that base line at fairly regular intervals which is not really bearish and people who been around recognize and know this type of phenomena in the price action.

Right this moment BTC does seem positive but also I'm watching to see if it can advance over resistance while holding above the 2 day average in blue here.
https://i.imgur.com/VRZ23Um.png

Many things impact the increase in the price of the Bitcoin market but what usually influence the market price are positive news, mining difficulty, weak hands exit and whales decision but according to what I read lately and also believe that led to the current surge in the price of Bitcoin is the correlation that seems to be between Bitcoin market and the stock and some private company that chooses to use Bitcoin as their reserve assets.

Do we really need a reason for bitcoin sudden price increase?

Because I used to see the price unstable like a roller coaster ride. So if ever the price turns up and down I just take advantage the moment.

Whales might buying again or some investors are Fomo because year end is coming.

Actually my guess was that the price increased because of the news. Many day traders are buying based on the news.
$50M is a big amount, but I think that they were careful at buying and did their best to not affect the price much (it would have been their loss to do otherwise). And the rise happened after the news, meaning that they have finished buying...

I've already written my opinion (https://bitcointalk.org/index.php?topic=5281137.msg55351005#msg55351005) on why the price probably went up, but it's a bit sad to see that someone really thinks that a $50 million investment in BTC has raised the price by as much as $1000 per BTC - while on the other hand someone is investing over $400 million, and this had no short-term impact on price.

$50 million is certainly big money for the average person, but in a market like this that is worth several hundred billion dollars, such an amount is actually a drop in the ocean.

It's about the news since many traders are following the news to see some good changes to the price but I'm sure these buying the news things are applicable for day traders only since the situation is not stable in the long run and frequent dumps is still happening and that makes the price unreliable which also not good for long term holder since they might lose their money.

I don't know why you are worrying for the rise in the price.It was a expected one for the many of the traders who had brought bitcoin with their real money and with their saving.Now we are in the last quarter of the year,we can expect huge rise in the price of bitcoin and many of trusted and listed cryptocurrency.

I don't think there is any 'sudden' rise than the standard volatility. But I'm expecting a higher bitcoin price with every tightening of the COVID-19 restrictions around the world.

It will be an interesting winter.

The recent increases in Bitcoin are due to many factors, in the world there is a lot of panic, covid-19, there are others who think that the global collapse of the economy is approaching, and many are putting their money in Bitcoin and Gold, to Bitcoin many are believers, they know that if they invest about $ 20k in Bitcoin, they can increase in the short term.

There are investors who love risk, play with volatility and fully believe in the potential of Bitcoin, in many predictions it can be found that it will go up to $ 12k, but I particularly think that it will go up to $ 15k later this year.

Bitcoin rising $700 in a matter of hours, there is nothing to excitement or worry. Bitcoin prices have fluctuated by more than a thousand dollars in a matter of hours.  It is also not accurate to say that the price of Bitcoin may rise towards the end of 2020.

There was even calculations about how 90+ million extra per day would make bitcoin go up only 1% more than what it normally does, this was average of course, there are days it would affect even more and there are days where it would affect less but on average 90 million dollars would affect the price on average 1% increase, which means 50 million dollars is not even 0.5% if it was directly from the market and we all know it was probably OTC as well.

So, I agree that in a market where billions of dollars exchange every single day, stuff like 50 million dollar doesn't change much. What it could have impacted is the fact that big companies get in big so that "news" could worth something, the amount itself is not that big deal but the idea is quite nice, maaaaaybe it could have been that but I still doubt it.

yup, Q4 has started and the price of Bitcoin is now back to $ 11000, of course this is a good thing for cryptocurrencies,
altcoins are slowly recovering too, but remember, don't go in and buy with all the capital you have, make sure you have good emotions

You may need to often to see the bitcoin price movement because it is a commenting that always happen. It is not about bitcoin price up only but you will see when the price fall, it just need several minutes to see the price fall around $500.

As for the reason why bitcoin price up drastically, I have read some news againts it, take a look with this news https://cointelegraph.com/news/top-traders-go-long-after-bitcoin-price-rallies-to-key-11-5k-resistance and https://cointelegraph.com/news/more-investors-hodl-bitcoin-in-anticipation-of-a-2021-btc-bull-market that I think both of news can lead bitcoin go higher than now.

Hoping for a better last quarter for bitcoin price and the start has being good as btc prices is moving slowing upwards and crossed 11500$ too. Hoping that by year end we can see it above 13k levels or may be close to 15k will the best for all  who had being holding for years for the time when btc will hit new highs for this year.

To date, almost all rated cryptocurrencies show green in the cryptocurrency market. Of course, based on such indicators, you can offer any reasons for such activity of the cryptocurrency, especially including bitcoin halving, pandemic and economic crisis, as well as depreciation of the national currency. Nevertheless, it is precisely the changes in BTC capitalization that give a real answer to the question posed. In addition, along with the decrease in Bitcoin volatility, the instability and tension in the world is increasing, which drives large investors, including institutional capital, to enter the cryptocurrency market.

Spread was too small for a whole month, it was actually small for the past 2 months nearly, which made trading very difficult, and that caused day traders to not make as much profit as they would like to. Which means there were a lot more people who bought but waited for it to move further up, since the daily volatility was too low tons of them became holders which meant buying and not selling.

This caused the price to go up a bit, but since they are day traders normally, when it moved up that much they realized they made enough profit as it is and sold at these levels. All of this combined help the price to go up enough to make it worth their trade but not too much that it changed the face of crypto suddenly, that is why there was a small increase bigger than other smaller increases.

I think we will see it at least 13K before Christmas, even maybe 15K. Every day we are reading about more restrictions due to the COVID, and people start getting nervous and exhausted. This will probably refract on the price with a jump.

Any time BTC pushes past an area thats been holding it back its reasonable to expect a more consistent progress then previously.   So a lull followed by a more rapid rise is normal alot of the time, we did have a downtrend over months since the July rise.   That negative trend did not play out and we have exceeded that idea of a negative fallout, hence a rise now has some justification.

https://i.imgur.com/PVSf9Uv.png


Once again here we do have resistance in contention at about 11500 roughly and we'll see how it plays out, we've risen above it just previous and now trade below.  If we do move below, it might signal a larger move then the usual back and forth.   4 day average underpins the lows, just noticed that fit and its just a note of momentum that helps maintain prices in trading short term.

Get used to it because this market had always been like this specially with BTC where price can either shoot up or decline in a short span of time.
When it comes to manipulation topics then its no doubt that it do exist even on traditional markets that we have known which these circumstances
are inevitable yet there would always be those people,group which are really always ahead on the game where financially capable on where can really
make out significant moves in the market but crypto isnt something that can really tamed of because the entire supply isnt really just focused out
on few identities but on the whole people whom do support Bitcoin.

Probably there's no manipulation done here, it's just a normal market value which actually occurs during the reality of the demand. Though whales kept chasing their profit, the price will have to go up and down at $11k range. This year is really hard to achieve above $12k or better due to unstable market that suddenly fall back because of current economy that hasn't fully recovered.

"SUDDENLY" what does this mean?don't you wanted Bitcoin price going up even there is a Virus that is spreading in the whole world?
do you want us to continue the fall and don't see something good like this?it is indication that the market is strong and healthy and instead
of questioning that better to be thankful.
because the more the price Pump is the more profiteering is indeed,and forget about that manipulation because it does not affect your life,because i am sure you are not a Big investors that will lose big whenever there is manipulation (as what you called it)

People have to love it, buy it sooner or later. The thing about bitcoin I like most that you have full control of on it, so fact is whether govt. approved it or not the popularity of bitcoin continuously grow. People started recognize the potential of bitcoin, so I guess it's inevitable bitcoin moving up.

One of the possible reason why Bitcoin price is rising suddenly is because of the roaming possibility of  issuing second batch of stimulus check package since Washington is in a debate whether to issue or not the 2nd batch of this stimulus check.  Cointelegraph (https://cointelegraph.com/news/cointelegraph-consulting-new-stimulus-checks-may-push-bitcoin-price-above-11k) stated that it is possible for BTC to be pushed to $12k if Washington come to an agreement of issuing the next batch of stimulus check.

The decentralized nature attracts people to support bitcoin, those who are open for new technology and willing to learn how to take advantages are mostly the supporters of bitcoin, the more it's been accepted mainstream the more people realized the value of this
cryptocurrency.

With support that continuously growing, expect to see more positive rise form this industry,
no longer small market but already have businesses supports and more to follow.

In my own opinion, it's not a surprise to me seeing bitcoin increase. Remember bitcoin price reach before an all time high, so we could observe the swing movement in the market. We truly observe its growth in which people adopt bitcoin. Also, it's a demand and supply that trigger for bitcoin to see it increasing. So there are more factors to considered as why bitcoin has this price increase lately.

In my opinion, the recent bitcoin upside price swing was fueled by the recent major news we've had - Stone ridge Bitcoin's assets and Square (Twitter's Co-founder company) investing over $50M in bitcoin. After those news, I had expected the market to "react" and it did so before retracing.  These are just short term bias though. When you zoom out of bitcoin daily TF, things get more interesting.  We should anticipate more price moves like this from Bitcoin moving forward.

I also find it unsurprising, which is as normal as it has been for many years. On the contrary I was surprised that Bitcoin fell in price because it is widely accepted and used, the uptrend should be dominant.

So far this is what really happening right now whales manipulation for profit to make people buy more only to dip again, the price moved very slowly, this is the same feeling we've had when the market is having a hard time moving to the $10000 and the $11000 level, but I still believe that we are still going to move to the $12 k before the end of this month, I figure that $15000 is attainable this year.

What I really want to see is the stabilization of bitcoin at high price should be encouraging big companies to actually make a big deal out of this, like amazon accepted bitcoin for a while if I am not wrong, steam definitely had it, there are tons of big companies who could accept bitcoin and it would be very easy to accept it for them, just deal with coinbase or whatever and put a deal there and everyone can pay with bitcoin.

Back in 2017 peak times some of them had it, but it crashed down and they got burned so they stopped it, too much money lost for them and I understand it perfectly, however I think now that the price showed how strong it is, I feel like they should be getting back into it once again, maybe do not get involved too much but find a way to be in it at least after all these years.

I'm not so sure if $15k is already attainable this year but first, let Bitcoin break the $13k resistance first then it might attain the $15 in no time. I can only tell that whales are all behind of this sudden rise of the price although I'm expecting that the price would slowly take the process of growing to touch that $11k+ but it just happens to touch it after that dump for a couple of days.

There were talks about how people withdrew their bitcoins, that seems to be the narrative right now that caused bitcoin to go up.

I mean surely that looks like one of the main reasons to me for sure, but I also think that there were a lot of people who didn't really cared about the price being so little neither, for like 2 months or so bitcoin stayed at $10k-$11k range and didn't moved at all, this made traders pissed and that is why I believe there was a big amount of people who wanted to see bitcoin go up and they worked together to make it higher, because nobody makes a lot of money when the price of bitcoin stands still but there are tons of people who would make money when it moves, going down does make some people money but going up makes almost everyone a lot of money.

Never consider the growth of Bitcoin as Sudden because all of us were very thankful each time this happens,i don't know whats your problem about that or maybe you are bitter because you did not put any money before the Hype?

anyway it is your prerogative mate on how you will invest and use your investments,because what i knew is majority of people inside are rejoicing each time there is this rising moment.

and also this is part of volatility in crypto market so expect tons of this in the next years.

Also there is the fact that bitcoin movements are always "sudden" you do not see bitcoin going up 20 dollars per day until it reaches 700 dollars high, it goes up 200-300 dollars per day even when it is stable, so it is not like bitcoin is something that is always calm and slow, it is something very fast and quick; which means if there are any moves, it will look like it is sudden, and you will be shocked about it if you do not know this.

Price of bitcoin will go up 10%+ and down 10%+ any day and it could happen today or tomorrow or any other time, we should be basically used to this by now. If you are still not sure about bitcoin reacting this way, you are not really experienced enough about bitcoin to know it moves like that constantly, just be ready for sudden moves at any time.

Bitcoin didn't even moved that suddenly, it was around $10.6k to $10.8k which isn't that far away from each other at around $11.3k which is right now, we are talking about around 600 dollars or so movement, and that is not even 5% move, and in bitcoin world, even though we hate to see it that way, we could say that bitcoin doesn't really move 5% that rarely, I would love to see a stable bitcoin and make it like go up very small and small to a higher level eventually instead of all these moves.

However we have seen 5% spread in bitcoin prices, so it is quite common that bitcoin moves that way, sure 5% spread daily is not common but 5% movements are common, so let's not react like what happened here is "sudden" and "shocking", I would have been surprised if it was over $13-14k by now, but not at $11.3k price.

It went up in legs not in one shot, and looks like a bull trap which needs to be passed as there's one more leg remaining downside towards $10k and maybe less if that support is met with a bunch of sellers to break it down near $9300. Don't listen to what analysts say because each of them will have a different number running on their mind and when everything goes positive, ask these experts why does btc dump even during good days? Mind well that it didn't dump yet even after the exchange maintenance and hack news, so a dump is possibly going to hit.

I think it's just an increase due to regular market demand even though the increase is quite high.
but I don't see a specific reason for that, moreover altcoins are not going up, so I guess btc is trying to get up first.

The market isn't special right now, demand is probably not the exact reason. I think so because often when the demand for cryptocurrencies increases, every coin fluctuates, it is very difficult to have individuality.

When Bitcoin starts to grow it rises at the speed of a storm. This is the nature of Bitcoin, Look at Man-made disasters, said natural disasters, nothing has not been able to stop the movement of Bitcoin to date. Bitcoin moves at its own pace.
Till now the glorious month of November/December of 2017 ::) is floated in front of my eyes, How Bitcoin created an ATH of $20,000 like a cyclone in the blink of an eye! Yes, this is Bitcoin.

Today I’m looking at Daily Bitcoin chart (1D), It looking nice ADX line is showing upward movement and DMI is strong enough to retain the power of the bull, We are moving towards 20,000$ again.

All markets were artificially supported by printing dollars starting from March 2020... The cryptocurrency market is not an exception when USDT was printed for several months in a row... ;)

Well it has been 6 months of storm power then to get from below 4k to 11k right not. Not exactly the 4k to 20k movement we saw in 2017 but definitely still a hugely powerful movement when compared to any other asset class for sure!

I also have not to compare it since 2017 is a bullish season unlike today that there are a lot of market challenges and economic crisis. Though we think how hard is the situation now but I'd never have to complain about it and despite of the pandemic the market still remains heatlhy and keep moving slowly. But it was a big surprise seeing more people had come into crypto, many business establishments accepting Bitcoin. Well, this thing helps people to appreciate crypto, and crypto adoption had come to start.

I believe there is a big reason included in the less trading, sometimes less trading shows lack of interest towards bitcoin, and that means bitcoin price drops, and sometimes less trading means people are not willing to sell, so the price goes up, this time it was the latter and price went up because people didn't want to sell their coins and when there is demand but not enough supply the price goes up.

This is of course not rare, it happens time to time and that is why we do see bitcoin price skyrockets time to time, it happens probably few times a year at least and if you get in before it happens, you could be one of those people who decline to sell and make a profit when the price skyrockets and you end up finally selling. EVERYONE would sell depending on the price, nobody is holding forever.

Bitcoin's volatility has decreased in the last 4 months, I don't know what this means,
whether it will experience a drastic increase, or it will experience a terrible decline.
indeed some experts say that we will find $ 12000 soon, but it is still not working, there must be a strong fomo.

These puny little increases barely register. Trust an old timer when I say that you ain’t seen nothing yet.

When the price of Bitcoin is low and its price continues to rise suddenly, this is why the price is rising.  But it can be seen that increasing or decreasing the price is a general policy of Bitcoin.  But sometimes if the value of bitcoin goes too high or too low, it can be a matter of discussion.

This is just a minor rise in price due to supply and demand. There is nothing special about this.

Welcome to the world of cryptocurrency in which the value is volatile and everything can change in a second or minute.
Bitcoin Price as i speak is sitting at $12,00 because of the rise happens last night about 500$ growth.
If you are asking for specific answer then there is none,because it is depending in which the investors putting their money and invest big,this way the price will go up.

Yeah, but the social media guys are pitching high on it saying that it breaks 12k and now the whales are in. I am personally not a fan of Youtube trading experts but sometimes they often appear in recommendations.

Yes, bitcoin shows its identity which is regarded as the best and most trusted coin which makes many investors compete to hold and hold for profit. Bitcoin will continue to run with movements that are certainly unpredictable and can make exploding profits at any time.

As the current movement where it surpass at $12,000 price level I'm sure it gather another attention again to those people who look after the bull run and maybe some are been hype for the current situation. Maybe we can see it surpass the $13,000 since the potential by this time is so huge. But again let's not still monitor the market since whenever the backwards happen then we can sell out and collect our profit and buy when price go cheap.

theres people that have a little enjoyment and those are the people that you saw and it can be also an encouragement to others so that they will know that btc are now starting to go back on its old form .

how do you know that whales are in ? because you saw it ln youtube recomendations ? but be careful because that might only be a clickbait  . 12k usd is small for the whales to enter but whales want higher btc prices before they make a move  .

Tether printing

It looks like we are seeing a sharp increase in the price of bitcoin and the entire cryptocurrency market. Today the bitcoin price crossed the $ 12,000 mark and during the day rose to the current $ 12,822. The ethereum price also rose quite well, reaching $ 396.
This year, Bitcoin has already crossed the $ 12,000 mark several times and rolled back some time ago. However, there has never been such a rapid growth since then. It all adds up to the fact that bitcoin will continue to grow in price.

$1,000 daily candles like today are pretty tasty. :P

But yeah, still nothing like the $3,000-$5,000 candles we were seeing during the 2017 bubble. In the next bull run, I expect to see the first $10K single day gain.

Everything is going to feel pretty tame until the old ATH is broken. That's when things tend to go vertical.

Yeah, its already a considerable profit to those who bought earlier and or to those who had been doing active trades. $1k candle on single day isn't something usual that you can
experience or you would get in day to day basis.So its better to secure things up rather than regretting on missing up some profit opportunities.

This had been always a question that would rise or pop out when bitcoins price tend to rise up suddenly and even on a 1k usd candle then people will normally react
telling that this is already the bull run.

If this movement do sustains then we might be seeing the ATH a little too soon on that case but im not really hoping that much though yet
this will surely be hell of a bumpy ride.

Yeah, bitcoin has proven today that he’s tired of being at $12000 which has happened several times, and hasn’t been able to break through more than $12000 this year. But today we can already see that bitcoin continues to increase suddenly, now the price is already in the range $12,995 is down about 0.25%. Even if I didn’t get it wrong, bitcoin got through at $13000 this morning. Now the movement is quick, while I’m writing on this thread.