Bitcoin price increases 1000$ in 10 minutes - why?

[dothebeats]

Not a single concrete proof as to where the surge came from, but from the looks of it, it seems that this price levels hold strong and no heavy selling pressure can be seen in the mean time. This could just be a normal market reaction sincr personally I think that bitcoin has been undervalued for 2 weeks now, and the 'normal' levels should have us sitting at a comfortable $8000 price range. It could also be that some big forces behind the scenes are taking part in this recent surge. There are just too many possibilities right now TBH.

[adaseb]

A lot of non sense replies here.

The reason why it went up $1000 almost instantly is due to a short squeeze.

Basically shorts were at an all time high at 40K BTC shorts and since they mostly shorted near the bottom an short squeeze was very possible.

After the short squeeze about 15K BTC had to be covered at a loss hence price kept rising.

[Dart18]

That is not new with bitcoin.   I will just be busy trading instead of thinking highly of where it came from. You can waste a lot of time by just doing that.
Smile and take the profit, that will be the best option while it can also make your wife smile after you give the money.  

[Dwarf42]

Any idea where the 1000$ in 10 minutes came from??

You can see that today bitcoin prices have been extremely strong pump at $ 6800 price has increased to $ 7800 then $ 8000 today. It can be seen that the shark's behavior is extremely unpredictable. The price of bitcoin is constantly changing and very complex, so I think you should trade bitcoin at the right time to minimize the risk. The bitcoin price is at $ 7700 and you can wait to buy a bitcoin price of $ 7600 to buy it. is often recovering.

[margert]

Any idea where the 1000$ in 10 minutes came from??

I am very worried today that bitcoin prices have spiked in just a few seconds. Bitocin prices have come in at $ 6800 and have moved sideways for nearly three consecutive days. At present, the price of bitcoin is at $ 7700 after rising to $ 8000. I think that at this point you should be able to buy bitcoin after the $ 7600 mark. The market is on the pump so you should go to BTC for safety.

[capoeira]

coordinated pump

Coordinated pump by who exactly? This sounds to me more like a conspiracy theory.
Anyway, I'm not so surprised because by now we have seen a lot of times that bitcoin price can change very quickly in both ways and the real reason is hard to determine.
But don't forget that it can so easily and so fast fall again under 7000$. So use this to make the quick profit.

people usually tend to overestimate the power of market makers or whales,... they usually want to blame someone for anything they can not speculate so they make a boogeyman who is doing all the evil.
not saying manipulations don't exist but saying they are not as big a part of bitcoin price movement that people tend to believe!

you guys tell me that all the sudden everybody started buying with no apparent reason? sounds like a fairy tale to me.

until you guys come with a better explanation I'll stick with mine

imagine you have X dollars you want to invest in bitcoin. you look at the charts and you see a triangle which is not pointing to either rise or fall and look at price that is stable and not moving either up or down. your analysis tells you it is not clear which way bitcoin is going to go so you don't invest and wait instead.

also you check the media you see it is filled with a lot of negativity and FUD constantly attacking bitcoin and experience says price can not rise during times like this.

now price moves ahead and starts rising above that upper triangle line and signals a rise, you will see a surge in volume and price. as a trader it is all you need to know to dump that X dollars in bitcoin. and that is what you do.

there are lots of people like you so multiply that X by their number and you get yourself a big ass rise with a huge volume. if you want to call it a "coordinated pump" then be my guest but you are using wrong words to describe it.

you describe how it is possible to pump the market. you see the triangle, the low volume, you take the oportunity to "show" a nice break.
People really tend to overestimate the power of market makers or whales, but you underestimate it.

[maaydin]

that was obviously a pump to increase the price of btc, maybe from some trading bots or some other big investors, we can not know at the moment but I am sure we will see it in coming days, the reason I mean.

[KyleSpades]

Guys, we've been waiting for the bullish break for weeks. I've seen on CoinDesk that there might even be a 8.5k break in the next few hours/couple of days. And I'm also regreting I didnt buy more BTC yesterday.

XRP went up 16% today. One thing I've seen about cryptos in these past few years is that they (almost) always reward faithful investors. Gotta keep our eyes open for more breaks.

[Kingofbitcoin12345]

If I was new in bitcoin investments then I would be surprised by it,, but I’m not and this sudden increases without available news or reason is so normal.. I even think that it’s time overdue that this should happen a month ago,, but who am I to complain when it’s all be happening today..

Bitcoin won’t need much to increase,, no reason other than the investors.. We do trust it will soon happen again,, today is the day my friend..

[JL421]

This is what i am always saying the price of bitcoin is unstable anything can happen people are just playing with the price it has become impossible to speculate anything about the price sometimes you feel that this is it bitcoin is over but all of sudden you see situations like this pooping up out of nowhere

[richardsNY]

Guys, we've been waiting for the bullish break for weeks. I've seen on CoinDesk that there might even be a 8.5k break in the next few hours/couple of days. And I'm also regreting I didnt buy more BTC yesterday.

Coindesk, just like all other sites, just rides the market as it comes. In other words, if today the market seems to be going down slightly, they expect it to go down further. If the market goes up slightly, they expect it to go up further. It's pointless to focus on this shitty and unreliable external "analysis". In this market the most important thing is that you for yourself should figure out or at least try to figure out what might happen, from where you then plan your next action. It was last week where I have seen several sites state that the market needs to dip to $4000 in order to force through a strong rebound.... Where are they now? They are rooting for a further increase now.

[shield132]

$1000 price rise is only 14% which is about 4% higher than normal fluctuations of bitcoin. what I am trying to say is that $1000 rise from $6900 is not that big if you look at it in % form.

the reason is because bitcoin has been much lower than it is really worth for a very long time now and it needs to go up. this upward movement has been suppressed for a long time now which makes rises more like a jump up rather than a simple slow rise.
additionally it is kind of a Technical Analysis thing. price broke out of a triangle and that acted as a signal for traders that a rise is coming so they rushed to invest and price jumped as a result.

Wait, why is current price of bitcoin low? I think it's pretty great, we have low fees, there are no problems and etc. It was functioning fine on even 2000$ one year ago and don't think situation has changed so much that 7000 isn't even enough. 14% isn't low, especially when it happens in minutes, it's pretty high.

[adaseb]

Here is my take on what happens next

This entire $8000 spike completely fades and we go back down to the $6500, possibly breaking $5800 and going to $5000

If this run up holds and in the next few hours or day it heads into the $8500 area then quite possibly $5800 was the yearly low.

I just think too many people lost money by buying Bitcoin, so they all went short to make some of it back which lead to this incredible short squeeze

[omonuyak]

This is one of those blessfull thing that do happen time to time. I was surprised as Long into my account and see bitcoin above $7600. I think those are one of those days that we would see good.

[Scallywag]

most of this isn't trading in organic volume, but shorts getting liquidated. so i wouldn't put to much value on it. but that 30 min candle was nice to see , at least there was some action again.

[olia10]

As of 23:30 on Thursday, April 12, the bitcoin rate of BTC / USD slipped slightly back and was at the level of 7 706 US dollars. Now, according to experts, for bitcoin, the most important thing is to stay above $ 7,500 within the next 24 hours, then the main crypto currency will have a chance to overcome a new $ 9,000 threshold. And when you reach the level of $ 9,000 for bitcoin, all kryptoinoks will switch to an optimistic scenario.

[marcuslong]

This is one of those blessfull thing that do happen time to time. I was surprised as Long into my account and see bitcoin above $7600. I think those are one of those days that we would see good.

In my point of view about the price, it wasn't so surprising but don't be too confident with the current updates in the market. We might see the roller coaster situation when those holders grab this signs. The bull run is not yet happening so its better to keep at silent mode for the main time. Hopefully we see much better future with the next coming days of this month, as we move fast until the end pf April this year. That would be great if the increasing price will be in May, and the people who depends on its current state will realize how much valuable will bitcoin could spike its value no matter what happens during the volatile period.

[BarbusseH]

Apparently, someone decided to invest a significant amount in bitcoin. Evenly, he raised money to large stock exchanges and bought a glass with a low price for a general team. That's an instant price jump.
Perhaps a person has insider information.

[kafeelniazi]

Just few days ago bitcoin fell in its value without any apparent FUD and now it has been pumped by 1000 USD without any good news in the market. IMO right now bitcoin is showing traits of a classical alt coin which is being pumped and dumped on call of paid signal groups. That's why be vigilant in current market, protect your portfolio because good days with real pump are ahead.

[Kolly]

Any idea where the 1000$ in 10 minutes came from??

Maybe the whales had seen enough downfall of prices and decides to buy large amount of coins so the prices went up by a grand.