What triggered the sudden rise in bitcoin price?

[Visbay]

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

Agreed with you, as it is all about the investors who are investing because if they will invest on right time and sell on right time it will not reduce the value, so yes same as you I think we are the ways of rise and fall in price, because of high number of investors market is getting better and it will continue rising until the price of bitcoin will touch the sky.

[Pab]

There was  good news about blockchain and crypto in fact
We had Fidelity launch,news about Visa,JP Morgan,Facebook,Samsung
We have positive view from CFTC Chairman who told first we don't want to hurt technology
Even SEC wants to hire cryptcurrency specialist
But bitcoin was accumulating for four months ,halving is closer every day
And that price is still 25% below yearly high
So all together we have price increase

[Ezenwanyi]

There was a lot of good news in the last couple of days , more recently is the news about sec approval.
This news gave rise to speculation which in turn affected the price of bitcoin positively.

[GregH37]

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

I honestly think that whales are in the market. There has been a larger sell other than usual because some people had little increase and the whales in the market is  most likely the reason  for the sudden increase in Bitcoin rise.

Because, if we watch carefully there hasn’t been any announcements of any major project that will make more investors just come in like that, and recently I think there is a sudden larger buy orders, this shows whales in action if you ask me. I also feel there is a larger sell order than it is usually. I want to believe there is an ongoing manipulation in the market by the whales.

[binhvo1505]

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.

Obviously there is no clear news of growth over the past few days. This makes me hard to understand when Bitcoin is growing. Bitcoin, Bitcoin Cash, Bitcoin Gold, ... all increase at a very high level.
I think this is a strategy of some underground organization to make Q2 of the market more interesting.

[usorin]

Perhaps someone is preparing the bull run to actually take place?This could be a good reason for the sudden grow of the price.

[liuqi]

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.

Obviously there is no clear news of growth over the past few days. This makes me hard to understand when Bitcoin is growing. Bitcoin, Bitcoin Cash, Bitcoin Gold, ... all increase at a very high level.
I think this is a strategy of some underground organization to make Q2 of the market more interesting.

How to manage you can read it article ro somewhere. How come you can find what are the possibilities for the market bump. Take it normal that is how we can expect more value in but pin, 8f you do it research you just conclude and then bo bull run will pass on.
Better to leave as it is moving further in the marketplace. That is good both traders and holders.

[boyptc]

Perhaps someone is preparing the bull run to actually take place?This could be a good reason for the sudden grow of the price.

Everyone prepares for the bull run.

And it means that a lot of people aren't willing to sell at any price. Still watching at these moments that will make the market pump any moment from now.

[samcrypto]

Perhaps someone is preparing the bull run to actually take place?This could be a good reason for the sudden grow of the price.

The best time to prepare was during the bear market but I can say that right now it is still good to enter in the market because for sure it will go higher. Bitcoin is not stopping yet and it continues to make a new pump for the first week of April. It seems like the volume was not convincing right now, but it is still possible to have a huge pump within a day but it no one can tell when. Its time for the bull to make a good show this month.

[Shinpako09]

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.

I also didn't see/read a major news that leads to btc going up and breaking $5k. Recently some good news are coming out maybe that add the positive vibes on it when the price makes it move. Anyway, it seems there's no bad news ahead except those who spread FUD. So I guess it's safe to assume that price might go forward this month and the following months.

[newinbtc]

the whales are here with lot of funds and investing money in bitcoin. everyone saying bitcoin will hit 50,000$ in 2021 year even its posted on ccn website - https://www.ccn.com/50000-crypto-guru-reveals-dizzying-bitcoin-price-target

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Bitcoin's sudden price rally this week appears to have been sparked by a large trade order from a mysterious buyer, The price is almost 30% surge as compare to last price.

[entebah]

the whales are here with lot of funds and investing money in bitcoin. everyone saying bitcoin will hit 50,000$ in 2021 year even its posted on ccn website - https://www.ccn.com/50000-crypto-guru-reveals-dizzying-bitcoin-price-target

--
Bitcoin's sudden price rally this week appears to have been sparked by a large trade order from a mysterious buyer, The price is almost 30% surge as compare to last price.

Yes, this is very miraculous, the price of Bitcoin will continue to increase over time, because we know that today is a modern era that is very full of progress, so Bitcoin is the beginning of the world's financial changes. And now many are adopting Bitcoin on a large scale.

[BlueStackz]

I do not see bitcoin's rally upto $5 as a surprise because, all the while I’ve been following the chart and I’ve been waiting for a time like thing, in short I expect more increase soon. That increase to me is a transition from bear market to bull market and the signal has been on for a while so it didn’t happen suddenly.

I think one of the reason that triggered the increase is because Bitcoin is about to undergo a mining reward halving in 2020. the technical developments may have probably reinforced expectations of a  a more powerful rally ahead of the incoming halving.

[Best Dreams]

Perhaps someone is preparing the bull run to actually take place?This could be a good reason for the sudden grow of the price.

People are taking their own part in growth and development of the market, bull run will be there if more people will sure about it and they will continue to invest and hold with patience, more investment and support is actually the reason of sudden rise in price, I am sure market will get bigger than this if we will keep supporting and investing like this, recent price is almost 5k which is expected to be higher than this.

[Xampeuu]

Perhaps someone is preparing the bull run to actually take place?This could be a good reason for the sudden grow of the price.

People are taking their own part in growth and development of the market, bull run will be there if more people will sure about it and they will continue to invest and hold with patience, more investment and support is actually the reason of sudden rise in price, I am sure market will get bigger than this if we will keep supporting and investing like this, recent price is almost 5k which is expected to be higher than this.

right, hopefully it will soon penetrate the resistant area around the price of $ 6000. at least now it is starting to foster investor confidence, and with positive news driven, I'm sure its growth will be faster

[rysea2]

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.

I also can't find the right source that can increase the market. Therefore, I only think that now many new investors are starting to dare to invest and strengthen their trust in crypto, especially bitcoin. This is a joy after a long time the market has decreased.

[Harley29]

Perhaps someone is preparing the bull run to actually take place?This could be a good reason for the sudden grow of the price.

People are taking their own part in growth and development of the market, bull run will be there if more people will sure about it and they will continue to invest and hold with patience, more investment and support is actually the reason of sudden rise in price, I am sure market will get bigger than this if we will keep supporting and investing like this, recent price is almost 5k which is expected to be higher than this.

right, hopefully it will soon penetrate the resistant area around the price of $ 6000. at least now it is starting to foster investor confidence, and with positive news driven, I'm sure its growth will be faster

Agree as now price is almost 5k but it is  rising and till the end of April I think price will cross the limits of 6k , actually it is all about us how we invest  and how we save it, it is dependent on the investors when the price will rise, so price has become 5k from 3k and now I have heard about the market price has become 6k recently.

[Malsetid]

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.

I also can't find the right source that can increase the market. Therefore, I only think that now many new investors are starting to dare to invest and strengthen their trust in crypto, especially bitcoin. This is a joy after a long time the market has decreased.

I've read somewhere that a single transaction worth millions actually started hiking the price of btc up. Of course that's still up for speculation but if it did, it made a lot of people excited and probably started a hype that led us to this point. I don't see a lot of people complaining lol

[Kasabus]

Thank you everyone for the answers, I read through all comments and I am glad I wrote this post to ask this question.

You are welcome, you can get an honest opinion in this forum because we all give what we think is the reason.
But you should only not limit the information you want to get in this forum, you can be more resourceful and explore other sources.
I hope if you are pursuing the journey of trading, you will be successful.

[Choyor]

There is positive news about Bitcoin that will attract traders and investors to hunt coins for sale and for them to invest so that demand increases and it affects market movements, however we must remain vigilant about this unexpected increase in anticipation of risk a decline that could have happened.