Next Reason For BTC Price To Goes Up

[Sum24]

It is also only a small amount of Stock exchange traders that has the knowledge to buy & sell bitcoins, most of them are traditional investors and old farts like Warren Buffet. 

This is the reason I think that huge orders are one of the factors that pushes price up because the market gets quiet until after sometime you see a serious rally and price goes up. This time around, I hope the bull gets sustained.

Most of really good traders see that we are on critical level
By many of them if btc will pass 5260 K then bull run will begin
Anyway respond to China ban classic fud was really good

Now recently china has removed the ban on use of crypto currency as there are so many places in china where people used crypto specially the bitcoin which made the price rise in market, actually price is directly connected to the demand and when demand raises the price rises automatically. New investors are making price higher.

[dominos]

I think the next reason for upward movement of BTC price would be from adoption not from politics - todays example Coinbase cryptocurrency card for worldwide usage of you cc on coinbase acc.

[markstivn98]

I do not think this increase is related to this.
The real reason is probably increased demand and increased purchasing.
And that digital currencies have become popular.
In the coming days, it will rise further because it will reach all people.

[sunsilk]

I'm leaning obviously with halving but not anymore with Bakkt's and other bitcoin etf proposals. SEC keeps on delaying those proposals and I can't say on what they really want, are they adding flavor and salt to make it more exciting for the community or they really don't have plans to approve any of them.

Those experts who keeps on predicting a good price for bitcoin really wants to get their names called out for each article that can add reputation and promotion for them. But like any other predictions of 2018, I haven't seen any of them successfully predicted the market, at least few some from the past.

The fact is that halving 2020 will not have any delay, and this is something that most expected as the possible beginning of a new upswing. Although Bakkt launch is only a matter of time, its real impact on crypto still can not be defined as something very positive or just another step in adaptation of cryptocurrency. Their vision is to provide institutions and people to use crypto in a simpler and safer way. Regarding SEC and ETF, it is just a process that will probably take another few years, but will eventually result in a final approval.

Over the past few years, it has been shown that some experts have no idea about crypto when they make their statements, but some others give long-term predictions which have come to fruition, whether they only have luck or have knowledge and nose for the job the time will show.

That's where I'm putting all my hopes for the upswing by 2020 and comes with the different positive speculations from those 'analysis' that were published within different crypto news channels/websites. Bakkt launch last year was very popular until it was delayed, people get tired of it but the impact would be good IMO but I don't rely on it anymore unless we see it's main impact.

I like your optimism about SECs approval, you made me think that yeah they'll eventually approve it when everyone, every institution will start talking about bitcoin, crypto's, as in everywhere.

[mersal]

The rise needed only simple things and it will don't have the exact value for that to make it more valuable and the simple reasons will always make the value for the Bitcoin to wear bigger opportunity to go up and I think this will happen in this Crypto market right now

[playboy654]

I think the most important reason is the value will be falling from a long period of time if it was again continued to develop thena huge wide chance open for the Bitcoin to invest from the people and get the success easily then only it will develop when the demand increases.

[daarul50]

Bitcoin price increases are always accompanied by the emergence of some good news including news that you pinned in this thread. I don't really predict the price of a news factor because I think that the price fluctuations in the crypto market are purely from the activities that occur by users and the increase is likely to continue if many investors and traders start entering the crypto market.

[hotimbineh]

Bitcoin price increases are always accompanied by the emergence of some good news including news that you pinned in this thread. I don't really predict the price of a news factor because I think that the price fluctuations in the crypto market are purely from the activities that occur by users and the increase is likely to continue if many investors and traders start entering the crypto market.

I agree with you that the market changes due to increased transaction activities and we cannot avoid that positive / negative sources of news can also affect market activities so that prices rise / fall

[akram143]

The main reason from the people to get the next Bull Run is waiting only because we are waiting from a long period of time to get a fuse profit for investment so it will be more difficult to gain the profit in recent years and something will be changed it is important and it will happened now.

[lutfi-hasan]

The main reason Bitcoin will go up next in my opinion is because it will approach Bitcoin Halving which will happen in 2020, so prices will increase again, so I look forward to it and continue to collect Bitcoin from now on.

[andriarto]

The main reason from the people to get the next Bull Run is waiting only because we are waiting from a long period of time to get a fuse profit for investment so it will be more difficult to gain the profit in recent years and something will be changed it is important and it will happened now.

right, for those of us who don't have the funds anymore, of course waiting and being patient is the best choice, now the price has started to improve, but there is a correction again, because it is approaching the resistance area for bitcoin. hopefully the defense can be penetrated

[amonymous]

I think the bitcoin will go up more for a simple reason, more people will buy it, and also old investors will again invest on it and will wait for a bull run, and also most think buy this year and not next year when halving coming.

Yes, bitcoin will go up for something reason, If the old investor and new investor come back again and buy Bitcoin more. Bitcoin purchasing volume has increased significantly for some time now. Just wait for the jump and go to the moon.

[Lucius]

That's where I'm putting all my hopes for the upswing by 2020 and comes with the different positive speculations from those 'analysis' that were published within different crypto news channels/websites. Bakkt launch last year was very popular until it was delayed, people get tired of it but the impact would be good IMO but I don't rely on it anymore unless we see it's main impact.

I like your optimism about SECs approval, you made me think that yeah they'll eventually approve it when everyone, every institution will start talking about bitcoin, crypto's, as in everywhere.

Halving mining reward in 2020 will most likely have an impact on the price. But we should bear in mind that in short-term is only about the psychological effect which will cause FOMO before halving, and in long-term ( +/- 1 year) could be the cause of new bull run (based on 2016 halving).

I like people like Tim Draper, he is focused on long-term predictions (3-4 years), and he was predict back in 2014 that price of 1 bitcoin will hit 10 000$ in next three years, which of course happened. A year ago he announced its next prediction, 250 000$ by 2022/23, and this was very brave from him - number is very big, and viewed from today's perspective does not look very realistic.

But he obviously understands how the system works, and that institutions will accept bitcoin sooner or later, as a means of payment, but also as a store of value. Bitcoin ETF will undoubtedly play a significant role in this process, and I think SEC is just waiting the right moment to make a positive decision.

What is important to understand is that great things do not happen overnight, bitcoin is still very young and new, but it definitely moves in the right direction.

[Naida_BR]

In my opinion, this is a good potential for the cryptocurrency market.
I think that bitcoin can be benefited if the stock market will start to have a downturn and a price drop.
There is a high possibility if we see an economic crisis or a stock crisis to see a new flow of funds to the crypto market.

[mu_enrico]

Is this will be the last push for BTC before got rekt again? Many bagholders who bought at $15K-$20K would sell their BTC to recover their losses at that level. It would be interesting if we see that BTC could rise past ATH.

I don't think it'll be the last push.

Bitcoin is here to stay. There'll be cycles, up, down, crash hard, rocket hard.

C'mon mate we all know about that, what I meant was not "last" per se.

Last push could be $30K before we all get REKT again, lol.

You got the idea

Being here for two years make me getting used to these ups and downs. Oh well, I'll try to be more positive for the next rally for the greater good.

[adzino]

I do not think this increase is related to this.
The real reason is probably increased demand and increased purchasing.
And that digital currencies have become popular.
In the coming days, it will rise further because it will reach all people.

Increased "demand" and increased "purchasing" isn't the real/actual cause behind the increase of the price. There is a reason for which the demand has increased. Now, this reason can be considered as the real reason of the price rise.
Fortunately, bitcoin and other crypto currencies don't need any kind of specific reason for the price to increase. The market is totally unpredictable and we never know what is going to happen. One of the reason of unpredictability is because of price manipulation. If the price starts to sky rocket all of a sudden, then there is a high chance that the price is rising due to the market being manipulated.

[creeps]

I think the bitcoin will go up more for a simple reason, more people will buy it, and also old investors will again invest on it and will wait for a bull run, and also most think buy this year and not next year when halving coming.

Yes, bitcoin will go up for something reason, If the old investor and new investor come back again and buy Bitcoin more. Bitcoin purchasing volume has increased significantly for some time now. Just wait for the jump and go to the moon.

Just like the recent pump where no one knows the specific reason of a pump in just one day. A lot of reasons can be made but its hard to prove it, I feel the excitement in the market right now and as long as the price is getting high I’m good with it. We only need to wait, and the rest of this bitcoin will do what is better.

[Pab]

By watching recent dump we can see that bitcoin is in strong hand
6% correction from yesterday high is not much
And we have news that Harvard pension is investing 5 mln in bitcoin through some crypto fund.And best news for me  New York-based Flexa
So Bakktis not yet here but in May we can have large platform Flexa what will make possible to spend crypto  at their favorite deli coffee shop or other product

https://www.theblockcrypto.com/2019/04/11/a-company-thats-trying-to-bring-crypto-spenders-and-merchants-togethers-snags-14-million-from-big-ticket-investors/

As for the future of what Spalding hopes to accomplish, he said the firm’s ambitions are to serve as a hub between cryptocurrency projects, merchants, and customers.

“A project will be able to come to us and say I want to be able to use your services, like Stripe, they can download the SDK, and spend their tokens through our system.”

[davinchi]

Here the point is the number of users and enthusiasts is increasing, anyhow the price movement, of course it is very easily influenced by the interest of many people in Bitcoin. Moreover, the advantages of bitcoin are increasingly highlighted because there are so many benefits for economic life or improving the finances of everyone who wants to be close with Bitcoin/crypto.
And when the state recognizes the existence of bitcoin or supports the existence of bitcoin, I think the longer it will be increasingly followed by other countries related to helping or advancing the economic life of its people.

So true of you, but the only concern I have been having is the way people now interpreted cryptocurrency to be, they see it as only investment too and the existing ones too that are creating these awareness are not helping the new users and enthusiast to see cryptocurrency beyond the investment part.

So, I am thinking that could be the problem why we are seeing all these rise and crash, people investing to see profit and at any slight show of profit thy, remove their money and then we witness a decrease, this shows we have more of investors as users, that institutions using it for utility tool.

[Pab]

Here the point is the number of users and enthusiasts is increasing, anyhow the price movement, of course it is very easily influenced by the interest of many people in Bitcoin. Moreover, the advantages of bitcoin are increasingly highlighted because there are so many benefits for economic life or improving the finances of everyone who wants to be close with Bitcoin/crypto.
And when the state recognizes the existence of bitcoin or supports the existence of bitcoin, I think the longer it will be increasingly followed by other countries related to helping or advancing the economic life of its people.

So true of you, but the only concern I have been having is the way people now interpreted cryptocurrency to be, they see it as only investment too and the existing ones too that are creating these awareness are not helping the new users and enthusiast to see cryptocurrency beyond the investment part.

So, I am thinking that could be the problem why we are seeing all these rise and crash, people investing to see profit and at any slight show of profit thy, remove their money and then we witness a decrease, this shows we have more of investors as users, that institutions using it for utility tool.

Fiat money have a lot of use cases but people still gamble on  forex,4 trillion dollar 24/7 market