Price going up for no apparent reason?

[cafucafucafu]

What is the reason?

What do we not know?

Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.

[Biodom]

There is always a cause, but maybe NOT a reason that could be explained easily.
How about this for a simple reason: a first sidechain was released yesterday with good correlation re price jump.
Research it.
Sidechains pretty much put the kibosh on all that late nonsense about "I like blockchains, but i don't like bitcoin"

[mrbrt]

There is always a reason, but maybe NOT a cause.
How about this for a reason: a first sidechain was released yesterday with good correlation re price jump.
Research it.
Sidechains pretty much put the kibosh on all that late nonsense about "I like blockchains, but i don't like bitcoin"

Did you mean there is always a cause (e.g. more buyers than sellers), but not always a reason?

[Biodom]

There is always a reason, but maybe NOT a cause.
How about this for a reason: a first sidechain was released yesterday with good correlation re price jump.
Research it.
Sidechains pretty much put the kibosh on all that late nonsense about "I like blockchains, but i don't like bitcoin"

Did you mean there is always a cause (e.g. more buyers than sellers), but not always a reason?

yeah, edited

[Ibian]

demand > supply

[cafucafucafu]

There is always a cause, but maybe NOT a reason that could be explained easily.
How about this for a simple reason: a first sidechain was released yesterday with good correlation re price jump.
Research it.
Sidechains pretty much put the kibosh on all that late nonsense about "I like blockchains, but i don't like bitcoin"

Rise started before that. Gemini?

[MonadTran]

Politicians are making scary statements, scary economic data is being released, the dollar index is going down, gold and Bitcoin are going up. For how long this would continue, not sure. If it ends up with some kind of crash in the US, both gold and Bitcoin might rise significantly, in dollar terms. If the crisis at the emerging markets deepens instead, the dollar may go up again, gold and Bitcoin may go down.

[cubanbitcoin]

Whatever it is, I am lovin' it!

[feryjhie]

What is the reason?

What do we not know?

Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.

This https://bitcointalk.org/index.php?topic=796276.msg12686384#msg12686384

[Mickeyb]

Gemini launch, start of the movement because of the upcoming halving in July 2016. These are all maybe?

It might also be a pure speculation. If it's this, we will know this surely in few days or maybe a week at the latest. Hope it's not this though!

[ANdr0id]

There is always a cause, but maybe NOT a reason that could be explained easily.
How about this for a simple reason: a first sidechain was released yesterday with good correlation re price jump.
Research it.
Sidechains pretty much put the kibosh on all that late nonsense about "I like blockchains, but i don't like bitcoin"

Rise started before that. Gemini?

I am starting to think this is about them. They fail on facebook now they put all their money into this venture. They see innovation so they don't want to miss the boat on this one.

[XCASH]

I think there are a few whales who can manipulate the price to go up or down when it suits them. They probably pay professional traders and trading bot programmers to generate a fortune for them. The Bitcoin markets only need a few million dollars to move the price across all exchanges. That might sound a lot, but it's nothing for the likes of Wall Street traders. Bitcoin's still only a small market compared to what Wall Street deals with.

[Amph]

please wake up they are playing on the same stupid range 220-270/280 with 300 as a peak

take a look at the chart, we are stuck there since 10 fucking months, it's ridiculous, manipulation at its finest

[OgNasty]

What is the reason?

What do we not know?

Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.

The reason is that the block reward halving is approaching.  It is sensible logic to assume the price will double in anticipation.  We saw a low of around $180 recently, so I think that the price going to $360 in the next 9-12 months is a reasonable assumption.

A more bullish explanation might be that the Winklevoss twins' new exchange brought many of their rich friends off the sidelines to begin accumulating bitcoins in anticipation of the COIN ETF being approved.  The COIN ETF has the potential to dump billions into the Bitcoin market, at which point an optimistic price point would be $2,000-$4,000.

Either way, I believe the markets are seeing that the worst is over.  The reward now outweighs the risk and money will flow appropriately.

[Denker]

please wake up they are playing on the same stupid range 220-270/280 with 300 as a peak

take a look at the chart, we are stuck there since 10 fucking months, it's ridiculous, manipulation at its finest

Yes that's pretty much it. Just some guys with money playing around like several times before.
Nothing to get excited about.

[Fontas Returns]

The reason is market swings. It had a long bear run that is now reaching its conclusion. Hence it has been quite oversold. There's not much selling pressure to push much lower. The market's reversing from oversold conditions. It's a market correction. Now's your chance to buy before it gets into the 260-270 range.

[Pathi]

What is the reason?

What do we not know?

Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.

The reason is I sold coins this week. Making a casino trip this weekend, so hopefully I will win enough to buy a stock of those 1000$ coins next week!

[Biodom]

What is the reason?

What do we not know?

Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.

The reason is that the block reward halving is approaching.  It is sensible logic to assume the price will double in anticipation.  We saw a low of around $180 recently, so I think that the price going to $360 in the next 9-12 months is a reasonable assumption.

A more bullish explanation might be that the Winklevoss twins' new exchange brought many of their rich friends off the sidelines to begin accumulating bitcoins in anticipation of the COIN ETF being approved.  The COIN ETF has the potential to dump billions into the Bitcoin market, at which point an optimistic price point would be $2,000-$4,000.

Either way, I believe the markets are seeing that the worst is over.  The reward now outweighs the risk and money will flow appropriately.

if that is the case, easy peasy....buy ETF within 1 mo of introduction, wait for ~2-4K in bitcoin price equivalent in ETF, sell ETF, buy puts on ETF..profit.
Don't need to do anything with a real asset/bitcoin (hold or hodl that).

[Tzupy]

Normal market movement, slow up until resistance will become too heavy, and then sideways, before another capitulation will start.

[Biodom]

Normal market movement, slow up until resistance will become too heavy, and then sideways, before another capitulation will start.

could be a triple bottom later, but we already have a skewed W, which could be sufficient (technically) for a sustained uptick.