What's going on with BTC?

[SirLancelot]

These guys say that BTC is going up thanks to apps such as Lolli and CasaHodl which have helped to accumulate and simplify the process of being a bitcoin market participant. https://cryptotradernews.com/cryptocurrency/why-is-the-price-of-btc-rising/


Any other explanations as to what's causing this BTC upsurge?

The analysis can be true, but it can also be wrong and there is no influence at all because we know that there are already many stories about this.
I also cannot properly analyze what happened, but could it be due to the economic slowdown or the trade war between the US and China? but if you see the improvement of crypto, it doesn't seem like it is and there are still many projects that fail and become a scam.

Of what use it is to ask question that one will never get answer to, and even if someone tries to use analysis to explain things, that may not be the real thing that is making bitcoin price pattern behave the way it is behaving at that particular time.

Bitcoin system is an undergoing process, and it is a system built for global use, so we will always get some factors from various part of the countries that will make bitcoin to either appreciate or depreciate, but no matter the factor, we all know that there is always a point where we have the presence of bull run and that is when bitcoin peak for the main time, which is the ultimate goal that most of us should be watching out for and be doing everything we can do to make it happen as quick as possible.

[evader11]

The volatility in the traditional market and downfall of the economy is giving a boost to the BTC, along with that the past events such as Libra launch, Bullrun, LTC halving are also giving ignition to the BTC price upsurge.

I agree that there is a big impact from the rise to bitcoin from the economic downturn, but with the launch of Libra etc. I don't see it as a trigger. and it should also be noted that brokers who play against bitcoin also have the most influence.

I agree also. but even if it is not announced the price of bitcoin will still rise. We all know that Bitcoin's price is unstoppable even the mining of Bitcoins total is nearly finish. So bad news or good news in a countries economy, bitcoin will continue because it will not affected.

[werner52911]

Actually, everything is normal. Bitcoin has been volatile for some time and will stay longer depending on the news.
It will be interesting, if in fact important countries introduce their own national currencies.

[FlightyPouch]

Actually, everything is normal. Bitcoin has been volatile for some time and will stay longer depending on the news.
It will be interesting, if in fact important countries introduce their own national currencies.

I don't think that will be effective at all. Imagine, North Korea releasing their own currency and saying that it will be offering its users full anonymity with each of their transactions, will you believe that? It will be more interesting if the countries stop banning, stop overthinking about bitcoin and crypto currencies and start accepting them.

[liivii]

Actually, everything is normal. Bitcoin has been volatile for some time and will stay longer depending on the news.
It will be interesting, if in fact important countries introduce their own national currencies.

That's right, bitcoin is well known for its volatility so no one can predict what will happen to its value. It may be down a lot this year but hopefully when we reach the halving time bitcoin will be on top of the news again.
So the best thing to do is just to hodl and focus more on getting a lot of it.

[thesmallgod]

Many people have given a reason as to while the price of bitcoin might be going up or down. A lot of people believe crypto is highly manipulated can control by people that have the largest holder of the assets, popularly regarded as whales. News regarding crypto has also proven to have both negative and positive impact on the price of bitcoin. large exchange hacking and lost of a huge amount of crypto can also influence the price. You can start to think about all this now or jump in and invest at your own risk. Crypto is volatile

[jeraldskie11]

Actually, everything is normal. Bitcoin has been volatile for some time and will stay longer depending on the news.
It will be interesting, if in fact important countries introduce their own national currencies.

That's right, bitcoin is well known for its volatility so no one can predict what will happen to its value. It may be down a lot this year but hopefully when we reach the halving time bitcoin will be on top of the news again.
So the best thing to do is just to hodl and focus more on getting a lot of it.

In other words, no one can stop Bitcoin because even the children nowadays already knows what bitcoin is and some of store here in our Country are already use Bitcoin for payment. Well it is a good news for Bitcoin. So I agree with you that Bitcoin sometimes have a high volatility but it's normal, like what I said, Bitcoin is already known, anytime there are more investors will invest for it.

[senin]

The price of bitcoin is rising or falling because it has a high level of volatility. He must behave this way by nature, since he is decentralized. Now the price of bitcoin has stabilized for some time and, in my opinion, such a state is unusual for him. Now Bitcoin should be preparing for autumn growth, and at the end of summer its price stabilization is typical for it. We expect by the end of this month the beginning of the second stage of its price growth.

[Jocuserious]

Possible people looking forward for the Bitcoin reward halving next year.  It is proven in the history that BTC goes up once Bitcoin block rewards halved.  You can see it on this chart.


Image taken  from : https://twitter.com/GrayscaleInvest/status/1108008602806218753/photo/1

This is what people are looking for right now.  The reason why Bitcoin price is surging

Thanks for the sharing grap helpful yes now Bitcoin price good day to rising $10588 between year 2018. Since i received some grap and community about Bitcoin price of this month September to mid - October can be cross $15000. Actually I don't know it will be possible or nor but seems like this is good time to buy bitcoin and hold i hope it will be possible.

[LUCKMCFLY]

There are many factors that are helping the price rise, according to Wyckoff's theory we are starting the bullish trend, and taking into account the news worldwide, the impact is beginning to occur and reflect on the price:

1.- Start of the BAKKT, which, I see its impact since Bitcoin was in the order of $ 6k, since there were many purchases, it is as if at that time the price did not matter, what mattered was only to buy to accumulate

2.-Announcement of Libra, this put many countries worldwide on alert, banking, companies and therefore it is an impulse that will be given to Bitcoin.

3.-Economic problems in countries of the world, the most recent the "Cepo" of Argentina, which, puts in emission the exchange control in the country, which did not make grace to its people, and according to it the Argentine government enabled free use with Bitcoin, which brings as a benefit a demand for new market participants seeking to negotiate with Bitcoin and helping the price begin to take a bullish turn.

I think these events will start a great bullish phase of bitcoin.

[Miklight88]

In a simple word it is manipulation which is the most dangerous thing I fear in this crypto game, they are doing all to prevent btc correcting to $8000 side which I think is abnormal as that will eventually affect the future price but many are only concern about it going higher and never reason that the dump is also a way to ain momentum for higher price.

[Baki-crypto]

Here is the analysis that I liked. And the predictions made by different experts of the field:
https://coinswitch.co/news/bitcoin-price-prediction-2019-2020-2025-latest-btc-price-prediction-bitcoin-news-update

[migws]

In a simple word it is manipulation which is the most dangerous thing I fear in this crypto game, they are doing all to prevent btc correcting to $8000 side which I think is abnormal as that will eventually affect the future price but many are only concern about it going higher and never reason that the dump is also a way to ain momentum for higher price.

Manipulation is inevitable. Volatility makes Bitcoin a dangerous asset, but if you conduct a smart analysis, you can learn to understand the direction of the market and always get profit

[LogitechMouse]

Many factors and I will state some reasons why Bitcoin is going upward.

• Bakkt Futures
• Global Recession (not sure)
• Market Manipulation
• Bitcoin Halving

These are just some of the reason and I know that there are many more reasons. This will help Bitcoin rise in the long run.

[Wonder_woman]

This is the question we encounter now because of the price of bitcoin now is not increasing to the predicted price of bitcoin that will hit to 20k this year. It was stock on 10k.lm scared of the price to get lower again. It really takes more than a year lve waited to climb up to the price of 20k, the highest expectations of the many by this year.

[noormcs5]

Bitcoin is unpredictable, even if you cite more factors that in your point of views would affect the price of Bitcoin, still it is unreliable cause sometimes when you think that you could earn while expecting price surge then the dump happens.

You cannot correctly tell bitcoin price and in most of the case the bitcoins moves in the opposite direction as predicted. This is what i have learnt from last few years.

This is the question we encounter now because of the price of bitcoin now is not increasing to the predicted price of bitcoin that will hit to 20k this year. It was stock on 10k.lm scared of the price to get lower again. It really takes more than a year lve waited to climb up to the price of 20k, the highest expectations of the many by this year.

You cannot say that since bitcoin is stable at 10K, it cannot reach 20K or more. It will take a week/month for bitcoin to move from 10K to 20K. Once bitcoin starts pumping you never know when it will stop and what will be its final price.

[muhhentuhhen]

Many factors and I will state some reasons why Bitcoin is going upward.

• Bakkt Futures
• Global Recession (not sure)
• Market Manipulation
• Bitcoin Halving

These are just some of the reason and I know that there are many more reasons. This will help Bitcoin rise in the long run.

Besides, the indicators of the use of the Bitcoin network, which actually reached the maximum level in the history of the first cryptocurrency, point out that the scope of adoption continues to grow. Bitcoin has its own users, and although most of them are investors and traders but this is also an example of real use. BTC will be going up further, and the growth will start close to the crypto halving.

[auntyjmary]

There are no specific indicators that are laid down rules to know when bitcoin goes up or down. That is how incredible bitcoin is, you cannot just predict the move that bitcoin would make at any point in time. Many people worry about how bitcoin achieve it's bullish or bearish periods since they see bitcoin as an asset that is controlled by some higher authority.

[Juliedarwin]

These guys say that BTC is going up thanks to apps such as Lolli and CasaHodl which have helped to accumulate and simplify the process of being a bitcoin market participant. https://cryptotradernews.com/cryptocurrency/why-is-the-price-of-btc-rising/


Any other explanations as to what's causing this BTC upsurge?

No one knows when bitcoin's up. And there is no specifical days, hours or minutes when it goes up or down. But One thing that we can do is to wait and to have more patients to get some miracle typical of days.

[xabre]

Bitcoin still profitable and never worried anything about what happen at the future with bitcoin because everything is fine, just keep save your bitcoin and hold it.