Whats with the sudden surge ?

[pawanjain]

Alright, so I just checked bitcoin's price a few minutes back and it was around $4150 and then a few minutes later I get a notification saying bitcoin's price is now $4250.
I was like okay   good to see bitcoin rise but then a few more minutes later I get a notification again sayin bitcoin' price is now $4550 and I was like WTF
What's with the sudden surge in price ? Looked for info on cointelegraph but I guess they are trying to find the reason for the same or may be they are late in publishing the article this time.
Anyway, good to see it rise but curious to know the reason why. Will update the post if I find the reason behind it.

Edit 1: Current price $4800+ . According to my experience with BTC I think it's a pump and dump because such surge without reason usually indicates a pump and dump.

[shirackjs]

I am interested to know as well, can’t find information anywhere too. Have not seen such increase in price for long time and really hope some good news is coming up rather than just another pump and dump.

[Zadicar]

I am interested to know as well, can’t find information anywhere too. Have not seen such increase in price for long time and really hope some good news is coming up rather than just another pump and dump.

As of CMC its already 11.64% increase.I've been searching for news but even myself cant find any.This is why Bitcoin do really surprise us anytime but i dont expect too much yet 11%
is just a normal or typical day on crypto but for those who bought on 4100 price is the best time to short to secure out profits.

[alisafidel58]

I just woke up and suddenly the price boosted from $4,150 then it's 4$,724 (as I'm writing this) I'm also wondering what is the cause of this suddenly price surge?

I think since the 1st quarter is over there is a pump going on to start the 2nd quarter of the year, I think this also happen a few years back every 2nd quarter of the year bitcoin price surges.

[Mpamaegbu]

Alright, so I just checked bitcoin's price a few minutes back and it was around $4150 and then a few minutes later I get a notification saying bitcoin's price is now $4250.
I was like okay   good to see bitcoin rise but then a few more minutes later I get a notification again sayin bitcoin' price is now $4550 and I was like WTF
What's with the sudden surge in price ? Looked for info on cointelegraph but I guess they are trying to find the reason for the same or may be they are late in publishing the article this time.
Anyway, good to see it rise but curious to know the reason why. Will update the post if I find the reason behind it.

It's at $4,700+ now. Who knows, it might blow pass $5,000 before end of today. The reason for the sudden surge? I read in a telegram group that there's an announcement of partnership between Bitcoin and Nakamoto phone. I don't know how reliable that is anyway.

[zenmaster22]

The rise in the price of bitcoin could be as a result of more demand. If more people in the world begin to use bitcoin, its value would increase.

[kingplaya4]

The rise in the price of bitcoin could be as a result of more demand. If more people in the world begin to use bitcoin, its value would increase.

Lol are some people paid by the post on here? I mean come on. That has nothing to do with a one day skyrocket.

[DreamStage]

Reached 5100 and down already at 4903

Maybe some pump and dump scheme or some new investors due to latest governments news about accepting bitcoins in their own pension funds.

It could also be from Stellar joining new banks.

[Pursuer]

Edit 1: Current price $4800+ . According to my experience with BTC I think it's a pump and dump because such surge without reason usually indicates a pump and dump.

it looks like it when you only look at the current rise and ignore why price was even here in first place and what led to it staying there.

this rise is the inevitable result of price being extremely under the real value of bitcoin and being kept there with manipulation and out of fear. when price was manipulated and dumped below the real value at $6k a lot of investors got scared and have been saying out waiting for entrance. that wait ends when price breaks a resistance ($4.2k in this case) so they rush back in.

[thecodebear]

The bottom-range resistance at around $4200 finally broke after 4.5 months. No news, just the bulls finally broke through the bottom range. I think we might now be in the first moments of the next bull run.

My guess is it settles in the mid-$4000s (never going back to the $3100-$4200 bottom range) and slowly starts to build from there. The long gradual bull market!

[Kakmakr]

Bakkt just announced a physical delivery bitcoin futures contracts on their platform and investors knows when this goes live, institutional investors will create a huge demand for bitcoins, so they are stocking up on bitcoins now, before the price goes up when the institutional investors jump in.  

I do not know if this will be the trigger for a Bull market, but it is a nice change from the boring bear market that we had for months now.    <Just a pity that I sold some coins yesterday>  

[killat]

I think 5000$ is a psychological threshold right now. If we exceed it, we have good chances to remain above for the next couple of days.

Now if a good time to buy alts with discount if you're in Btc

[crwth]

It was really nerve-wracking. Got rekt with that pump, good thing I stopped there, even for a little. I'm a little bit curious if we could ever get back what I lost in the long run, but damn, it was really a big one. I agree with the others that it's a great time now to buy alts. Who would expect that it would go higher than expected? Shouldn't have followed my emotions too.

[kingplaya4]

Well, whatever the reason, if it is above 4500 24 hours from now, it should be a great long term turn. Too bad I converted a lot of my holdings to the one coin that is down today.

[daniel002]

Is it the SEC that approves 2 bitcoin etf's? Just search it in Google.

[alisafidel58]

Bakkt just announced a physical delivery bitcoin futures contracts on their platform and investors knows when this goes live, institutional investors will create a huge demand for bitcoins, so they are stocking up on bitcoins now, before the price goes up when the institutional investors jump in.  

Read the news and there was a postponement in the launch of the project. If this was the case then what would it be in the future when the project is fully launched?

[Herbert2020]

you should have been surprised when bitcoin price fell down suddenly a couple of months ago and then stayed in a price range ($3k) which has been considered fake and manipulated not when it is correcting that mistake and going back up to price levels that make more sense.

[alevlaslo]

punched important boundary 4200

[Jan_Vl]

I think it is a pump and dump, there were no reasons for such movements and now the price is about 4650$. But still, I hope for a good sign that BTC is bullish again

[Noa_Amable]

I am interested to know as well, can’t find information anywhere too. Have not seen such increase in price for long time and really hope some good news is coming up rather than just another pump and dump.

yes, sometimes it is really difficult to predict such hikes