Why did Bitcoin hit $4,000?

[AXELNetwork]

It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?

Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be

[hirngespenst]

I think this is a normal increase. Though after many days we have been seeing Bitcoin at 4K USD and everyone gets happiness! I don't know the reason for BTC price growing, but it can be for the JPM involving in crypto or ETH hard fork is coming to hit! JPM is a famous and a big person in every country in the world and he is making a crypto coin, this is not normal news, this will bring more big person and fans in the crypto platform!

[jojohamasa]

It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?

Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be

The reason for the recent upsurge is quite unknown
Is it a natural increase or not?
The picture will be clear in the coming days
I hope this will be the start of market recovering.

[Ains_sama]

this is a very nice jump or increase, this possibility is only a temporary surge, but I really hope that this is the beginning of a surge and will always rise to reach $ 20,000 onwards.

[dunfida]

this is a very nice jump or increase, this possibility is only a temporary surge, but I really hope that this is the beginning of a surge and will always rise to reach $ 20,000 onwards.

We wont see those good days on a short period of time.Its possible for upcoming years to come but there would be a hell lots of bumpy roads before reaching the ATH once again.This is indeed a
very good increase.Imagine 3500 to 3900+ as of this moment will already give you some profits if you do make short orders.We are almost hitting up 4k area but somehow price is stabilizing or staying on 3900.
We might break it soon for sure.

[passwordnow]

The reason for the recent upsurge is quite unknown
Is it a natural increase or not?
The picture will be clear in the coming days
I hope this will be the start of market recovering.

There must  be a connection to the upcoming hard fork of ethereum and this made the market moved pretty much positive on our side. And this can also be a natural increase because we've been through a long bear market which is essential to expect something positive for this year. We're going for more months and let's see if the market shall recover completely and we'll see highs again. Majority believes that this is already the beginning of the complete recovery of the market.

[mrdeposit]

We should perceive this volume and price increase as positive innovation. There has been an increase in the volume almost twice. We can also accept this as a long-awaited upward explosion. Looking for any reason in every increase is not liked by BTC. Just remember 2017.

[PuertoLibre]

It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?

Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be

Honestly, i am not convinced about start of bull trend. Pullbacks will happen more after end of accumulation zones but 4k$ is not even close to signs that i am looking for. Temporary increases suits more to this question than alternative versions.

[BitMaxz]

Unexpected price surge, I don't see any reasons why the price is suddenly climbing it seems the big volume comes from Coinbene, bw.com and ZBG from USDT to Bitcoin so there are no newcomers who enter on the market.
I already check all exchanges and the price hits $4k value but suddenly drop in minutes.

I don't think the price will stay at the current price for a long time but I feel that there is a big dump coming. I feel there is another big group trying to attract new investors to invest in bitcoin because the price surge comes from USDT.

Don't expect that the price will increase more we are still in the bear market and I believe the 3rd quarter of this year is the right time to see the bull market.

[harizen]

It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?

Sudden surge? I don't consider it as a surge providing how much it goes down during the silent phase at $4,000+ level.

Still a good price movement though waking up those "HODLERS" that waiting for a suggen change.

If this will lead to bigger price rise or just a temporary one is still the question that doesn't have an accurate answer and never it will be. So as usual, prepare for both sceanarios so you are ready whatever happen later on.

[Koro-Sensei]

It was because of fake news probably. Many has been spreading a lot of bad sh*ts on BITCOIN probably when the biggest investor sold BITCOINS people or the HOLDERS f BITCOIN was scared that it might decline continuously adding the fact that some was posting in many social media platforms showing how Bitcoin can pop anytime and the decline of BITCOIN continuously moves at a fast pacing time leaving others also to pull out their money while the have the chance. Leaving bitcoin with a shocking price anyone would not think of.

[btc78]

It was a sudden surge that came out of nowhere, but is it going to lead to a bigger rise in price or is it just a temporary increase?

Some analysis: https://www.youtube.com/watch?v=vpSyoVR9iPM&feature=youtu.be

It is a normal occasion that bitcoin will hit $4,000 because we already reached almost $20,000 in the past,whts the question is how long would this take to stay

Because checking the prices now it seems tht it only touchdown the $4,000 vakue and then dropped automatically,i think the whales has just let us taste this small pumo before putting it down again or we can call it a trap

[pooya87]

the real question is why didn't it reach $4000 a long time ago and why did it take this long to come back up when we clearly were in a reverse bubble for a long time and like any bubble, reverse bubbles need bursting too.

and it didn't come out of nowhere. it was expected to happen. in fact it is even under-performing compared to the expectations.

[St4yInTh3D4rk]

Upcoming ethereum hardfork is one of the reason why prices were increased particularly with ethereum more than 20% of growth in 72 hours which maybe sudden but its nothing new in the crypto field,actually we faced $3000 price changes on bitcoin prices in a day while we are in 2017 so don't look for the reasons just plan what you have to do with this price bump.

[n0ne]

the real question is why didn't it reach $4000 a long time ago and why did it take this long to come back up when we clearly were in a reverse bubble for a long time and like any bubble, reverse bubbles need bursting too.

and it didn't come out of nowhere. it was expected to happen. in fact it is even under-performing compared to the expectations.

Yes, this was expected to happen long back. Even now the price has striked the $4000 mark and didn't lasted for a longer time period. Bitcoin price now staggering around the $3950 range. Probably the next price pumping will keep the price of bitcoin stay above $4000 and continue its gradual growth.

[Wolf Rainer]

Cause I was waiting the dip to buy. The same old story. But don´t worry, im going to buy some bitcoins this week so the price will fall again.

[Naida_BR]

Some good news has been brought during the last days that imply a positive movement of the market. Many investors may have thought that 3,5k is the bottom as we are there for a lot of time and now it is time to make a rise. I still think that the movement of the price is still not clear, we need to reach 5k to understand what is going on with the market.

[adaseb]

On Bitmex and Coinbase it hasn't hit $4000 yet. The $4000 most people see is an average with various exchanges batched up. Some exchanges like Bitfinex are showing higher prices than others.

I don't think breaking $4000 is significant, what is more significant is the high of Dec 24th (christmas eve) breaking ( $4200) because it would be the first time since ATH that there is a weekly break.

[figmentofmyass]

Cause I was waiting the dip to buy. The same old story. But don´t worry, im going to buy some bitcoins this week so the price will fall again.

this is the correct answer.

it's like some variant of murphy's law ("whatever can go wrong, will go wrong"). if you're waiting for one more dip, the bottom is invariably already in. this always happens to me as a trader!

[jseverson]

Upcoming ethereum hardfork is one of the reason why prices were increased particularly with ethereum more than 20% of growth in 72 hours which maybe sudden but its nothing new in the crypto field,actually we faced $3000 price changes on bitcoin prices in a day while we are in 2017 so don't look for the reasons just plan what you have to do with this price bump.

I actually doubt that the upcoming ETH fork has anything to do with this. I mean, pretty much every exchange has USD/ETH pairs, which eliminates the need to use Bitcoin as a gateway. If nothing else, I'd say people wanting to ride the ETH wave would probably be more inclined to sell BTC to beef up their portfolio.

But yeah, I agree that this is probably just natural volatility at work. It just seems like people spend a lot more time than usual looking for signals lol.