Why sudden bump in bitcoin? It is now over $8000

[eagleman]

There OTC market has been exploding so I think there is some information spreading about some good news that has yet to be released

Aren't these news are about those billionaires who has their names in articles since last week?
I don't know what's the truth behind this pump but it can be a good sign that there's a whale who had bought the dip. While it's an opportunity for him, he gave also space for those day traders that already shorted and took profits from this pump.

It's a mixture of war and sanctions on Russia. The Russia thing makes it hard for them to get money out of Russia, but buying cryptocurrency makes it easier.

So this is the reason? Interesting...

[Javanewstar]

I don't know what happened. There wasn't even any news.
But for now, it may be that the bull market has arrived.

[kache2018]

It starts to move upwards again. I don't see any reason why not. Most investors I think invest again by this time. The sudden increase I think due to commitment of some to lay their money again in bitcoin and have serve their capital one again. It is pleasing in the eyes to see it grow its value again.

[Rinzo]

that is the stock market for you. it goes up and comes down depending on our activities. we need to create more awareness and keep investing

[St4yInTh3D4rk]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

Yes,there is a sudden bump in the prices but now the price is slowly falling and it backs to $7700.I think this is due to someone who bough decent amount of bitcoin or all the crypto currencies because all the price jumped at the same time.

[appleyard]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

Yes a huge bump happen an hour ago. This is good thing in trading if you hold a huge amount of bitcoin that you bought in 6k mark, this the best time to sell because im pretty sure a huge down will happen.

[liberox]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

Yes,there is a sudden bump in the prices but now the price is slowly falling and it backs to $7700.I think this is due to someone who bough decent amount of bitcoin or all the crypto currencies because all the price jumped at the same time.

https://www.newsbtc.com/2018/04/08/soros-rothschild-big-institutional-investors-entering-bitcoin-market/  May be they did it just like that..? The huge investment of the big fishes realized today. As well may be Mt Gox finally cashed out 1 billion and left the market so a huge amount of sell orders finished at once..

[Slow death]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

was very surprising even, the price increased a lot and reminded me in the months of November and December where it increased 1000 $ in a few days, that was really an insane increase, we will see if in the next days the price increases more, would be happy if the price increased for over $10,000... I like this number

I think this is due to someone who bough decent amount of bitcoin or all the crypto currencies because all the price jumped at the same time.

Market Cap has increased a lot too, we are in $298 875 370 329.

we need to create more awareness and keep investing

if this pressure of governments minimize that we will have more people investing again, unfortunately we can not expect anything good coming from the Chinese government:

China: Blockchain Conference Shut Down By Police, Organizers Claim ‘No Legal Issues’

 

[Visteryy]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

I do not care what the reason is. The thing I care about is the price of bitcoin has increased. Look at the chart of bitcoins have not seen the signs go down. Maybe now the bitcoin price will go up more than 10k

[Sab11]

Wow thats great if it just a whale attempting to pump bitcoin nothing will happen the price will just go back in the bottom, but if its a real pump the market will quick to recover, this is the best time for traders. Its good to see market rising up again.

[Malya_alkendy]

This is Cryptocurrency, the price can go up and down anytime. when we expect the value to rise, but it turns the value down. and when we think its value goes down, but its value goes up. Cryptocurrency price is very volatile, so we as a Bitcoin player should not be easily surprised by the rise and fall of Bitcoin prices. this is natural.

[liberox]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

I do not care what the reason is. The thing I care about is the price of bitcoin has increased. Look at the chart of bitcoins have not seen the signs go down. Maybe now the bitcoin price will go up more than 10k

A lot of short players who both at 6500 - 6700 will start to sell at 8-9000 very soon and will lower the price back to 7000-7500 for some time; it needs more time to stable recover 10K+

[Quantus]

Maybe someone who sold at the top and made huge profits during the bubble is buying back in so they don't have to pay capital gains tax.
A whale who lives in the US. Tax day is only a few days away right?

[bolbau]

from some information that I read and can be trusted, there are indeed some actions done by the whales by buying bitcoin with a total value of 13 billion dollars. there are predictions that bitcoin-level resistance will persist at $ 7900- $ 8000. if the favorable situation is very likely to touch the $ 8500 figure. but if it fails there is a possibility of bitcoin falling back to around the price of $ 7000

[isetter]

Its a good news for us then? So is this the time to sell our bitcoin to gain profit or just hold onto it again? By the way, as for me, I'm very happy seeing bitcoin rising up again for today

http://i64.tinypic.com/2qmq3p4.png

I have the advice for you that is to continue to hold bitcoin from now until the end of the year. You should trust me, I am sure with you that you will have a lot of profit. The chart of bitcoin is showing signs of increasing

[talks_cheep]

Lots of wishful thinking on the forum, especially the newbies. Price will continue the downward trajectory. Why? Simply because the fundamentals are still weak, no fix in sight, also the current environment is still hostile to crypto. Too much headwind and strong currents working against btc and other currencies. Whoever bought at $8000 are going to weep, but please do not feel sorry for the Russian buyers, they have it coming to them. These are evil, unsavory people who don't bat an eye when they poison and kill their own people and others around the world.

[jonruhoax]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

I'm not sure the whale is behind all this. market movement certainly involves buyers and sellers. needs that exceed the seller. yes, I think this situation is really surprising because there is no evidence of previous growth. hopefully this is not temporary and will end well in growth on another day

[Haxor321]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

Yes it's really nice to know that the market is turning into green again it's really good to see but I doubt if it will be for a long time or just for only single day because in previous flow of it I think it's really like that too when pumping just a little and then afterwards it's downing fall again. Well I think for now nothing to be celebrate because I think that this is only a normal fluctuations and may a couple of hours or maybe days it will back again in downside but I'm hoping that it will be goes more upwards so all of us will be happy.

[iram1011]

This one was a highly manipulative pump from the exchanges. It might be an exit pump. Exchanges know our stops/liquidation price and everything. That's why the price pumped to $8k because all the open shorts were set to $8k limit. The recent altcoin pump was also done to gain more BTC to dump it when it reaches $8k. As there is no such Bullish news or FA that could have brought this huge pump. That's why I highly doubt this attempt. Over $1.2 Billion was traded in this pump. A clear pump attempt by exchanges. Now they will try to liquidate longs because people now will think that BTC is bullish and will take long positions. BTC can only be termed as bullish if it crosses $10k threshold. Before that thinking it as a bull market can get you rekt. Next some days are crucial to know the actual price movement.

[AK47-]

Like everyone else here, even I think this was a bull trap. A sudden pump of $1k in an hour cannot be termed as an organic growth. Market doesn't work like that. There was no recent news or investment attempt by any big name that can bring a pump in this heavy sell off due to the approaching tax day. I think this was a big manipulation by the bulk HODlers. They have been doing this since the year start. Price is indeed maintaining the $7600 range but that cannot guarantee a bull market phase. This is highly doubtful growth.