Why did Bitcoin hit $4,000?

[GregH37]

I think the price can't sustain to stay at the same place too much, there are too many traders around to allow that to happen and we are in a system where traders keep the prices alive. Hence it means price needs to go up or go down time to time in order to make them some money so they can continue playing with the price.

I know its not a good reason and looks shady but that is what it is, price needs to go up and down so traders could continue making money or losing money but at least keep being on the move, if the price was like a stable coin and not change too much than there wouldn't be a reason to buy or sell bitcoin and than people would start just spending it instead of trading it. We are at a point where price was same for a too long time and that is why we have seen an increase.

[2chase]

Within the next calendar month, Bitcoin will finally have to overcome the 4000 level and then the next not less significant level - 5000 will be in front of it. This will be a much more important milestone, because 5000 is the psychological mark, overcoming of which will open up a further way for him.

[Slow death]

Within the next calendar month, Bitcoin will finally have to overcome the 4000 level and then the next not less significant level - 5000 will be in front of it.

already has many failed attempts to overcome the $4000 and whenever it fails to exceed  $4000 the price drops a lot, I hope this time do not fall again to the $ 3400 again

This will be a much more important milestone, because 5000 is the psychological mark, overcoming of which will open up a further way for him.

I believe we will only see the  $5000 from May

1 BTC = $3885

can drop a lot at any time

[LUCKMCFLY]

I think it reached the 4k because in 3600USD and 3800USD is consolidating a good liquidity zone, in lower areas, nobody wants to sell Bitcoin, they are testing the 4k and maybe more for the elimination of the offer there and thus the Strong Hands continue accumulating Bitcoins, a good setback is not ruled out, since with the setbacks they win, as do many market speculators.

[goaldigger]

There are a lot of factors affects the bitcoin price but i really think its the manipulators this time. Supply and demand theory isnt that okay to think because miners are long ago not active and still the price doesnt change. There is really some one or some organizations doing this but this really helps us to buy low and sell high.

[Siti Nurbaya]

The number of requests but many have stopped mining so that bitcoin is able to reach the level of $ 4000, and this happens only for a moment.
Even so, there are still many people who expect a higher level of bitcoin.

[BitHodler]

There are a lot of factors affects the bitcoin price but i really think its the manipulators this time.

Who are these manipulators? Whales? Just because someone has deeper pockets than you doesn't mean they are manipulating the price. Instead, they are actually losing out due to the slippage they have to deal with.

They have no choice but to either 'pump' or 'dump' in order to open or close their positions. In other words, the only aspect here to blame is the lack of liquidity, and it is something that won't change any time soon.

Supply and demand theory isnt that okay to think because miners are long ago not active and still the price doesnt change.

What exactly do you mean with miners not being active? That they aren't dumping their coins anymore? If so, then you're wrong--miners continuously sell to cover operational cost, and that has never stopped.

[lablab03]

I think that this is not a temporary price jump. Personally for me, what is happening in the market is a confirmation that Bitcoin has changed its trend and is starting to grow in price. This is the beginning of a very long uptrend for Bitcoin, i think. In two weeks it will be completely clear whether this is so.

basically this is a sign that soon we will witnessing a long bull season also.   Because it's been how many months and now finally it showed a progress in the market. For me even though it fluctuate i do believe soon or before mid of this year it will make a good run again.

[Ararbermas]

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

as of now we have no idea if it will lead to a bigger price soon because of these sudden fluctuation. And in my opinion if this factors always happened in the future then it will collapse always after the sudden pump and will never go further for sure.

[deisik]

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

I've been telling about that thing for years

When the market is thin and there is no real adoption (which would make a thin market irrelevant and inconsequential), it doesn't take a lot of financial leverage to move the price in any direction, either up or down. Therefore, such sudden bursts of price action should in fact be expected to happen now and then (so take advantage of them while you can), and as is now evident as well, they don't have any real long-term impact as it takes as little to move prices back (read, this and similar surges are likely short term only)

[socks435]

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

as of now we have no idea if it will lead to a bigger price soon because of these sudden fluctuation. And in my opinion if this factors always happened in the future then it will collapse always after the sudden pump and will never go further for sure.

There is no exact what will happen to the price if the price will increase it's obvious that there is dump coming which mostly miners who holds large amount of bitcoin or crypto definitely will sold their holdings just to get benefits of the price increase before the price drop.

If we are in bull market it might be happen but not always and the price will going to increase 1000% as what happened last 2017. This is not the right time to say that the price is in bull market. Maybe 3rd quarter of this year we will see some sign of the price increase that may lead to bull market.

[qualitywork]

There are a lot of factors affects the bitcoin price but i really think its the manipulators this time. Supply and demand theory isnt that okay to think because miners are long ago not active and still the price doesnt change. There is really some one or some organizations doing this but this really helps us to buy low and sell high.

You are right, continuous manipulation last year have drowned the value of BTC also the panic sellers too became a scapegoat to disaster the market, supply and demand is very much low in my opinion. I hope BTC will comeback with some genuine pump.

[joy99]

There has been a lot of good news circulating around which should even take BTC far above this $4K price mark that it is finding difficult to remain there. The market is gradually seeing an improvement and I think everything will be over soon.