There isn't always a clear reason why BTC went up or down

[Bardman]

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

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[Fred3030]

As I have always said in other forums , price is mainly determined by demand, and demand is driving by adoption, product development and other factors just to mention a few but with some respect to the whales. For example, the current run being experience in the price of bitcoin in my own opinion is not driving by whales but by mass adoption and positive news currently hitting the crypto space from the like of Facebook, Microsoft and the host of others. With this I would say adoption and project development drives in demand and demand in turn drives up price.

[bhabygrim]

We all know that the price depends on demands and we all know that every traders have their own choice,
We couldn't just expect things to happen because we have so many traders and we all have different decision,
So the price movement wouldn't really have a clear reason we could just always speculate things and think that it is the reason.

[Ailmand]

The number of Bitcoin adoption and acceptance also affects the number of demands. As the number of investors increases, it also affects the price of Bitcoin positively. There are good things happening in the market which has a good impact on the price of Bitcoin. If things will happen continuously, the value could strike even higher.

[Pursuer]

actually there always is a reason for any rise of all it is just that we can't find that reason in half the times when the rise of fall is happening and usually we figure it out a while after.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

not every time. it will depend on when and how they sell large amounts. for example if they sell it all in one exchange, nothing will change. if they spread it among exchanges then the amount may not be enough to make a difference but there is a better change.
and most importantly is the timing. for example when people weren't sure about the direction and many were feeding them FUD about how price is going to $1000, such sells crashed the market about 50% from $6000 but if the same thing happened today it won't even cause a 5% drop let alone 50% because the market is on the move and such sells would be against the direction and will be eaten by the market like a piece of cake.

[Genemind]

There are lots of possible reasons but those reasons are still unconfirmed and unsure. We couldn't conclude things through the reasons that we're stating.
If BTC is rising, I guess it's because things are meant to happen that way just like what happened last 2017.
There are also events which are affecting and influencing the BTC price.

[Oilacris]

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

This is why this market is always unpredictable and you do got the point that we don't actually know on what are the real things do happen behind on sudden price increase
or price dump with Bitcoin or simply on the entire market.We do see speculations and news but it doesn't give out the precise thing for it to be a reason.There are lots of
factors actually that's why we investors or traders do continue to speculate basing on what we do experience after all these years.

[XCANA]

Basically, in m own opinion, Bitcoin price is been driving by demand from investors towards the Bitcoin halve. We had this long histories, that whenever there's halve, the demand always rise before the halve year, which is 2020, so, this could be a clear reason behind the rise. There are many buyers who are ready to buy Bitcoin for HOLD till the halve.

[Slow death]

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

Your post reminded me of this news:

Kenetic Co-Founder:Bitcoin to Trade at $30,000 by Late 2019, Regardless of Bitcoin ETF

The co-founder at Hong Kong-based blockchain investment firm Kenetic has predicted that bitcoin (BTC) will rally as high as $30,000 by the end of 2019.

Kenetic Capital’s Jehan Chu provided his stance on major issues around bitcoin in an interview with “Bloomberg Markets: Asia” published on May 28.

According to Chu, bitcoin will continue its bullish direction along with the rest of crypto market in 2019 due to three main factors, including the drive of mass adoption by global giants such as Facebook, JPMorgan, Rakuten and Fidelity, who have recently turned their interest towards crypto.

Chu added that his bullish prediction is also based on the suggestion that the crypto industry could become a “better tech story” that is sought by global investors after what he calls the disappointments around the Uber and Lyft IPOs.

People will always investigate the reasons behind a particular action or event. and with the price of bitcoin would not be different, is the work of market analysts to know the reasons for the increase and fall in prices

[CryptoBry]

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

Actually you just enumerated to us some of the reasons or factors why bitcoin is moving up or down. There will always be reasons though they can sometimes be subtle, unknown or just simply unbelievable. And we should not anymore be wondering why as this is one of the many traits of bitcoin. With the present bullish movement of bitcoin, analysts and observers noted many factors that triggered the end of the long bitcoin winter and the coming of the spring.

[LeGaulois]

That's a reason most of the old bitcoiners use to say Bitcoin can be surprising. It does some stuff a few times a year when the only thing you can say is "LOL". Often I stop to even wonder what can be the reason, too many theories, analyses, predictions, etc. Fuck that, let's enjoy the market (with the ups and downs). I don't deny analyses but let us be guided by the magic of Bitcoin. (Sometimes it's black magic) 

[0zero0]

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

Although people keep wondering why the price has fallen or raised, the truth eventually comes out anyway.
If the spike is a bigger one then the news spreads globally like wildfire. Sometimes the spike occurs just through normal trading where the demand drives the prices upwards or downwards.
It's quite obvious to know that there should be some reason for big spikes in the market.

[bitbunnny]

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

Of course there are always known reasons why market reacts in positive or negative way. If they were always clear and known it would be much easier to predict possible situations. But people need explanations and justifications, especially if there is a price dump. Usually every explanation is just pure specation that can't be taken for granted. To be able to expain some situation with Bitcoin price we should know all background informations and deep analysis should be done and we are aware that is not always possible.

[Pipdips]

The reason cypto-currency prices go up and down is solely because the big dogs are all slowly getting a piece of the pie.

[waynechong1995]

Its hard to justify its sudden surge and does the buyers are ready with their position when BTC is going up? probably automated at the first few rounds, the 4k to 6k-ish is already very surprising for me. My friend explained that yes some big buyers are going deep in buy and those expired futures got liquidated and inject more purchases that squeezes things further. Im kinda passive with the intentions now, i just give my best to accumulations, move along trends and stop losses for profits. In a bull market things work differently.

[jademaxsuy]

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

Yes, I could have also the same.mindset on how really the market of bitcoin being dictated. I somehow find that there are huge investors in BTC but it does not guarantee for the high volatility of bitcoin all the time. I am just wondering though that there could be a manipulation since some.users had talk about market price correction so mening that there could be a manipulation for something that needs to be corrected. It is prettt shadt though to think that there could be no anomalies that will going happen.

[BrewMaster]

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

you are looking at things with a very simplified view which is wrong. if price could easily change with some TA and bots then it would have been swinging wildly up and down instead of always going upwards.

i agree that there are times that we can't analyze certain rare movements but the number of times this happens is so little that you can't make it a rule. 90% of the times the reason for the rise of all is clear.

[dothebeats]

Truth be told, no one really knows the real and exact reason for every market movement. One can always only guess what the real reason for every movement but no one can really tell the exact reason for each movement. I believe that coincidence really plays a big role for major market movements, and the reaction of the market only follows only to be aligned with something *significant* happening at the same time.

[Adriano2010]

I think when the price goes up there is lot of demand and FOMO to get more bitcoin, but i agree if there are sell a lot of coins then the price can go low, but over time will grow again.

[Sharon121212]

Wise point created by the OP the fact remains that at a point the price of bitcoin can be influenced by factors most time unforeseen by many like you correctly stated the example about the whales and there activities.
So I have been longing to ask this question at to regards the OP post. Those this mean that bull market and bearish market are just figments of our own imagination since at any point the price can fluctuate