What's causing the run up in price $330-$380 right now?

[randy8777]

the demand at this point point is high. i even think we will reach $400 within 2 weeks. i only hope we will manage to stay above $400 and build a strong buy support at levels as $400-$420.

[Betwrong]

the demand at this point point is high. i even think we will reach $400 within 2 weeks. i only hope we will manage to stay above $400 and build a strong buy support at levels as $400-$420.

I agree, the price is rising because the demand is high. And the demand is high because I think more and more people are starting to realize that if they want to buy some Bitcoins the right time to do it is now, when the price is still lower than $400, because by summer 2016 it will be around $500 if not even higher.

[richardsNY]

I find it funny how every time that we have these price surges, all bunch of threads open ups with people asking why are we going up? Don't people expect that we will go up as time passes and we are making progress? I don't get it sometimes! Maybe we are just growing people?!

You do have a point, however, people are curious to find out what is causing the price to go up. The most used answer is manipulation, but as you also said, it can also be the natural growth of Bitcoin.

[extrabyte]

I haven't seen any big news that will affect directly the bitcoin price, but if nothing is happening then it is just a random pump by big exchanges.