Whats with the sudden surge ?

[Caladonian]

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.

I agree, those people who manage to buy between 3800-4100$ are now in a good profitable position, they'll be able to enjoy this strong rise and take
the profits or if they have a good insight they can wait for some more pumped before selling it on their conditional value, personally I love seeing this
pumped as I also expect more new investors to come up and make a move and start to invest inside this market.

[jakelyson]

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

That is an April Fool's joke. There is no approved ETF yet. Or maybe they believed the joke and the price surge. hmmm

AFAIK, there is no basis for this price surge, so I am thinking it is just P&D. But it does not mean we can't take advantage of this great opportunity.

[thecodebear]

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

bitcoin doesn't really do pump and dumps. its too big. thats what little altcoins do. Sure it has bull and bear traps but thats different than a pump and dump.


There was indeed a reason for the movement, it had been pushing up on the top of the bottom-phase resistance recently which was around $4200. It was bound to either break down and continue in the 3100-4200 bottom range or break through the resistance and shoot up. It broke through and shot up. I'd say that was likely the first shot of the next long bull run.

Check out Oct 2015. Huge spike started the bull run. Price then settled at like half the top of the spike, and the bull run started as the price then slowly gained long term.

We'll probably see it settle in the mid-4000s, clearly above the bottom-range, and start rising slowly long term - the early phases of the next bull run.

[cryptjh]

I just woke up also and see this beautiful nice green day, I can't really find any reason either why we're going up with more than 12% today, we were even above 5.000 overnight.
I'm happy I never thought about selling my Bitcoins, in the long crypto winter, and I'm not selling them now either.

[thecodebear]

I just woke up also and see this beautiful nice green day, I can't really find any reason either why we're going up with more than 12% today, we were even above 5.000 overnight.
I'm happy I never thought about selling my Bitcoins, in the long crypto winter, and I'm not selling them now either.

Smart.

This is probably the start of the bull run, which means if you're holding for the bull run peak no need to think about selling for a couple more years! I figure there's at least two year before I even need to consider selling any crypto. Just enjoy the ride up!

[equator]

It was really surprising when i saw that the market is moved up more then 10% and then in this thread i am seeing that the news of BAKKT testing their project can also be the news for this rise. But short term traders have started to take profit, hope that the price wont go back to the low price.

[alevlaslo]

I just woke up also and see this beautiful nice green day, I can't really find any reason either why we're going up with more than 12% today, we were even above 5.000 overnight.
I'm happy I never thought about selling my Bitcoins, in the long crypto winter, and I'm not selling them now either.

I wrote the reason: the penetration of an important level of 4200, traders waiting for the fall began to buy because the punched 4200

https://bitcointalk.org/index.php?topic=1006631.msg50419077#msg50419077

[thecodebear]

I just woke up also and see this beautiful nice green day, I can't really find any reason either why we're going up with more than 12% today, we were even above 5.000 overnight.
I'm happy I never thought about selling my Bitcoins, in the long crypto winter, and I'm not selling them now either.

I wrote the reason: the penetration of an important level of 4200, traders waiting for the fall began to buy because the punched 4200

Yeah, and now all the people who were waiting for 3100 again, or 2000s, or 1000s or whatever no its not gonna happen, so they'll all start buying in once they see the price hold in the 4000s above the top of the bottom. Man, I wasn't expecting the bull run to come for at least a few more months, but the past few days and started thinking we might see something like this now, and we did! Looks like 2019 is gonna be a good year for the price. My expectations for end of the year price just got upgraded from $7k to $10k with the bull run starting so early!

[lyks15]

I think this not pump and dump scheme. I think this an effect of the rise of bitcoin again. Because all we see that bitcoin are now become more popular even the artist and singer are now dealing and investing in bitcoin industry so I do not wonder why it is happened because many are now already encouraged in investing bitcoin.

[alevlaslo]

next resistance at 5700

[MakeMoneyBtc]

Just woke up this morning and as usual I checked to see whats going on with the bitcoin market and for my surprise I saw it is up to 4800& now dropped to 46000$.Don't know if this is some kind of a pump and dump scheme but I more than like what I see. Hope it can stay here and go even more up in the near future

[btc_angela]

punched important boundary 4200

Actually two important mental barriers, $4200 and $4500. So obviously the former has been punched but we need to look at the later, we need to see if we can hold that price, as the market has corrected itself to $46++. But as I have said in the previous thread, we need to see if the price can hold at least up this weekend and see how it goes for the next coming weeks.

[aetherdan]

I hate seeing technical analysis on things like crypto. Technical analysis was derived form the price movements based on the actions of fundamental analysis, which really doesn't apply to a virtual product that doesn't have any measurable value.

It's all just speculation, and if you are one of the few who genuinely know why it's pumped, you probably aren't going to share it on this forum.

[raidarksword]

Looks like bull trap to me for this sudden price uptrend and considering there are no news about on how it pumped to $5000 but maybe just a preview to semi bull runs incoming hopefully. Hoping greater news would be fit to make it reasonable during this surges soon.

[ribowo76]

Whatever the cause, it feels great to see the increase in the price of bitcoin and altcoin in recent days. And I believe that this is only the beginning. I think it's time, the bitcoin market is recovering

[ahmadinejad93]

Today, Tuesday (2/4/2019), the price of this digital currency suddenly rises much higher. One of them is a Bitcoin whose price rises high. to date, the price of Bitcoin has reached US $ 4,807 / coin.

[niisarearning]

Even i am searching for genuine reason . I am reading lots of news fianl i end up here . Hope it will not just pump and dump . Even i am investor in traditional market after huge bear run about more than 6 months . Now market recovering . I think after tax calculation and financial year end .People started to invest it seems.

[Kemarit]

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

That is an April Fool's joke. There is no approved ETF yet. Or maybe they believed the joke and the price surge. hmmm

AFAIK, there is no basis for this price surge, so I am thinking it is just P&D. But it does not mean we can't take advantage of this great opportunity.

On the contrary, SEC days ago has has delayed it's decision on the 2 Bitcoin ETF's proposal in their pipeline and this is the official statement:

1. CBoE - (https://www.sec.gov/rules/sro/cboebzx/2019/34-85475.pdf)
2. NYSE - (https://www.sec.gov/rules/sro/nysearca/2019/34-85461.pdf)

I created a thread hours ago before the actual pump here (https://bitcointalk.org/index.php?topic=5127105.0). It's about the Bakkt Bitcoin future offerings update. But I'm not sure if it's the cause of the good spike today, more than 10%? Just like in the previous bull-run? LOL.

[lablab03]

I'm very curious also why this is happening right now wherein without any specific reason that popping up around the internet.  I have doubts maybe this is a sudden bump again by whale's and will ended up again on manipulation ? because this high jump is very rare to happen on this market to be honest.wherein since bear season and many reason occur in this year.  So very suspicious scenario for me.

[Ipwich]

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

I also read an article about that, but I think it was just an April fools joke.
If it's ETF approval, it would take higher than the current price now.


I don't see any significant news that would pump this hard, and I like that as there was no hype, I guess the market are due for this a long time already.