What triggered the sudden rise in bitcoin price?

[sinta23]

most likely because there are many investors who adopt bitcoin a lot because it will make a good impact for bitcoin to experience price increases. so in my opinion because of these factors

it's true the problem is from 2017, for example, with the large number of people adopting bitcoin that makes bitcoin experience a really fast price increase

[BitcoinTurk]

Finally, I could not find a valid reason for the upward trend, and I could not find any news to trigger this rise. Although I came across some news and articles in various sources, unfortunately, I have seen that these contents do not give much information about the details. If we think of a few possibilities of this rise, we can immediately notice the fact that we may have a new carp hunt. Of course, if this is not the case, we can think that new investors enter the market with serious budgets. That is, there is no valid reason for this recent upward fluctuation, but there is no serious retreat.

[kaya11]

I don't know if this was true but I read an article about Russians bought an $8.6 Billion worth of bitcoins. It says it is due to sanctions, it's what they say. And also some Russian economist predicted BTC would be $2 million at by the end of the year 2019. Here is the link if you want to read the full article. https://bitcoinist.com/russia-bitcoin-kremlin-economist/?fbclid=IwAR2fQ07QeGPARoy4_4c0PKn4sJ9LdlSnT9CTtTg7Ydszg3zXnxamtw6hjPU

[uneng]

Finally, I could not find a valid reason for the upward trend, and I could not find any news to trigger this rise. Although I came across some news and articles in various sources, unfortunately, I have seen that these contents do not give much information about the details. If we think of a few possibilities of this rise, we can immediately notice the fact that we may have a new carp hunt. Of course, if this is not the case, we can think that new investors enter the market with serious budgets. That is, there is no valid reason for this recent upward fluctuation, but there is no serious retreat.

The lack of valid reasons for the new trend make articles authors write anything justifying why bitcoin is rising so fast. Then there is a lot of weak points and speculation explaining why bitcoin is doing so well now, it doesn't give any idea of what is really happening.
Probably it's just someone or a small group pumping btc and some other people following the trend. At least it's good news to show to the skeptics bitcoin isn't dead.

[el kaka22]

I guess the price seems stuck once again, it doesn't going down and its not going up so I think we can say it will eventually stay around here for a while. I do not mean like the exact price, remember just couple weeks ago going back down to 3800 and going up to 4200 was very common, it happened all the time and we were used to it (so was the traders who benefited from it lol ) but than we moved up and it looks like its stuck yet again.

I think just like the similar thing it will find some prices it can range and will move up and down between those prices, lets say 4600 and 5100 for example (numbers are made up). So, I believe it would be futile to expect huge moves from bitcoin for another while I suppose, I mean it could still happen but I feel like it will just go up and down in small prices.

[Pamadar]

most likely because there are many investors who adopt bitcoin a lot because it will make a good impact for bitcoin to experience price increases. so in my opinion because of these factors

There's no certain information that this was because of new players who joined in from this market, but if we will follow the supply and demands nature
of investment, we can assume that because of buying orders that's why the value rises up to this amount right now.

[Adriano2010]

This grow was maybe made but some whales or just a group of people who invest money on and want to get more coins and after sell again more coins to get at least 50% profit if they have enough money again to launch on markets.

[redsun114]

We don't really know what caused the sudden uptrend ,but let's keep on watching the price and see what will happen. If it begins to fall again then that means this is not yet time for the bull run. But, if it's just a little fallback, then we will know that we have been at the bottom all this while and it is time for another bull run. And moreover we have waited for this to happen for a long time now, so I really hope it is. Though I'm not might excited about it.

[Best Dreams]

Just notice my bitcoin in my wallet have increase in value but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk. I have not been following up with latest news as my work is eating up most of my time but I have some decent amount of bitcoin and don't want to be left in the dark. Anyone with an idea what triggered the sudden price spike.

It is just like predicting the price for the next couple of days and months, we really dont know when it will happen at the same time the sudden pump might be only made by a couple of whales to wake up the market of some coins without a technical reason.

Whales makes huge change with the market, they can make the market and they can break the market, so don’t support them if someone tells you that price will be down lower to the bottom, don’t listen to them just hold your investment with patience. Market price rises with our patience and with our own support so buy when the price falls and hold.

[eaLiTy]

The initial rally started when there was a hundred million dollar order spread over several exchanges simultaneously took the market to five thousand level, I am expecting a pull down from this situation, let's see how the market reacts in a couple of days and them determine whether the market will rally further. Hopefully we will not see 3k level again.

[entebah]

The initial rally started when there was a hundred million dollar order spread over several exchanges simultaneously took the market to five thousand level, I am expecting a pull down from this situation, let's see how the market reacts in a couple of days and them determine whether the market will rally further. Hopefully we will not see 3k level again.

Yes right, because the growth of Bitcoin prices will definitely occur in any way, because Bitcoin is a very valuable asset, and now big companies in the world have started investing in Bitcoin, so this Bitcoin will not be easily destroyed.

[gowobonyok]

this growth was made in a very short period of time, and there was not any positive news, perhaps a rapid fall may soon follow, all this is very suspicious.

indeed there hasn't been a major movement that has taken place, but at least the value of $ 5000 still persists to this day. this is quite positive

[Tramle091296]

Well the sudden rise in the bitcoin price is cause of law of demand its simply the investor bought more bitcoin than in a normal day and it cause more in increase of price of the Bitcoin.

More or less this is the always Goodcause of being a popular cryptocurrency more investor are willing to invest and use it for their daily needs.

[Kasabus]

this growth was made in a very short period of time, and there was not any positive news, perhaps a rapid fall may soon follow, all this is very suspicious.

indeed there hasn't been a major movement that has taken place, but at least the value of $ 5000 still persists to this day. this is quite positive

Bringing the value of BTC to $5,000 is already a major price increase.
We have to relax now, market seems to be lowering it's trading volume and good that we stay at this price.
The next price action could be a possible dump, or a little correction, then we can expect a more price increase in the future.

[sirminesalot]

this growth was made in a very short period of time, and there was not any positive news, perhaps a rapid fall may soon follow, all this is very suspicious.

everything can happen, all possibilities can happen, no one can be sure, and in my opinion the development of the crypto currency depends on the investors themselves

[babarian]

of course, because of trading activities, demand that is much compared to offers that make prices of offers slightly increase and make the price of bitcoin continue to increase besides the influence of the income of the miners also affects the increase in the price of bitcoin.

actually, there is much other good news that causes pumps to occur. whales returned to the market to start investing again due to several bull run predictions this year.

[Ucy]

It is certainly not fundamentals nor technical reasons. Both do not work very much these days.. The situation works like gambling now. You cannot make  accurate long-term predictions

[waynechong1995]

Source says big orders amounted 20k BTC had triggered the short pump over an hour, and the catalyst trigger buys all over the places, could be the whales testing the waters with other bags of alts over around, that's an assured profits for these people as there's nothing they could, sure we gained a little but not much over the bear market from 20k, guess fishy things MIGHT going on

[whirlcoin]

Just notice my bitcoin in my wallet have increase in value but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk. I have not been following up with latest news as my work is eating up most of my time but I have some decent amount of bitcoin and don't want to be left in the dark. Anyone with an idea what triggered the sudden price spike.

everything has some Trigger point in it so it was not happened for Bitcoin from a long period of time so if it was happening then the price will possibly up and this will happening right now so I sure it will continue for long period of time to develop.

[SiDtHeBeSt]

Honestly I haven't been very active and haven't kept an eye on the market or any news recently. I guess there's no such big reason for this sudden prove spike maybe it's just the market going up and down.