Bitcoin Price rising since 4 days ago

[DreamStage]

Bitcoin (BTC) closed the week down 0.39% at $7,356 having recovered very quickly from a daily close, which saw BTC trading down at $6,850 for a short period on Friday morning. Since then, Bitcoin has recovered over 10% and is once again pushing hard against resistance on Monday.

The point of control has been acting as a good area of support for the bulls around $7,200 with it only briefly being lost on three occasions. The daily candles show four back to back green candles, which has not occurred since July, and the most notable volume bars appear to be won by the bulls, which is a positive sign.

Source News here
(Not click campaign, just sharing information)


Source: TradingView

It looks like more Investors are willing to Buy since WW3 News popped up. Or it might be for some other reasonings like Bitcoin upcoming Halving. But who knows (my own speculations).

We already know such happenings will occur within such small time frame till the next halving.
But these World War announcements and fuzzes all across the global has reached so many people that Investors might want to put their chances into the virtual currency for hodling their funds.

Or it could also be something due to halving for the upcoming price swing.

What do you think the recent price jump is due to? Iran attack, halving or something else?

[Reatim]

while many cryptonians are getting worried about this Iraq vs. Us war but the price of crypto is continuously growing,now we are sitting at $7,600 and looking higher tomorrow.

i think this is the positive effect of the incoming Bitcoin halving this May,though it may bring another Trap ?nothing is sure but 1 thing is better now and that is we can at least sell off before it falls again for smaller profit of course.

[White Christmas]

This is a very great news for us crypto community that the bitcoin's price or value is getting higher and higher from the past days and the good thing about this is we are able to sell some of our bitcoin in order to have some money. Maybe this bitcoin rising is based on the bitcoin halving that will happen in the current year 2020 because there are a lot of crypto enthusiast says that bitcoin will arise before the start of bitcoin halving and this probably the best time to invest on it.
It is better to start invest right now because we see that the bitcoin is getting bigger and bigger from the past days. This probably the best way to have profit and we are hoping that it will continue to arise again until $8,000

[carlfebz2]

while many cryptonians are getting worried about this Iraq vs. Us war but the price of crypto is continuously growing,now we are sitting at $7,600 and looking higher tomorrow.

i think this is the positive effect of the incoming Bitcoin halving this May,though it may bring another Trap ?nothing is sure but 1 thing is better now and that is we can at least sell off before it falls again for smaller profit of course.

We cant really be sure if those news are the primary reason why we do have these increase but the fact these are only small increase if we do compare on +$1000 a day increase that we have seen in the past.

Exact reason behind would always be a question on mind.The thing here is that i do able to buy when it dropped in 6900+ price.Us and Iran issue do somehow give out that kind of presumption of things
and people do treat it as one of the reasons but i dont actually saw the connection in between.

[bitzizzix]

while many cryptonians are getting worried about this Iraq vs. Us war but the price of crypto is continuously growing,now we are sitting at $7,600 and looking higher tomorrow.

i think this is the positive effect of the incoming Bitcoin halving this May,though it may bring another Trap ?nothing is sure but 1 thing is better now and that is we can at least sell off before it falls again for smaller profit of course.

We cant really be sure if those news are the primary reason why we do have these increase but the fact these are only small increase if we do compare on +$1000 a day increase that we have seen in the past.

Exact reason behind would always be a question on mind.The thing here is that i do able to buy when it dropped in 6900+ price.Us and Iran issue do somehow give out that kind of presumption of things
and people do treat it as one of the reasons but i dont actually saw the connection in between.

I do not understand why every increase or decrease in bitcoin is always associated with things happening in this world and whatever it is, whether it affects or not, what is important for me is to hope that bitcoin will continue to move up to reach the highest price.
and a slight increase in bitcoin now has given me a little profit, but I will still hold it back because I am sure that bitcoin will continue to increase and even if there are a few more declines
but will tend to increase gradually.

[YuginKadoya]

I really think this is not a good thing for people that have sold their bitcoin because of the panic, and that they realized they had done something wrong, and a really good thing for most people that still holding their Bitcoin despite the decreasing price range,

But we can not still say that this can totally increase the price and can claim that we are in the bullish market again, because it is just a slight increase in the price, but this is a clear view on what can bitcoin do.

[Boov]

I really think this is not a good thing for people that have sold their bitcoin because of the panic, and that they realized they had done something wrong, and a really good thing for most people that still holding their Bitcoin despite the decreasing price range,

But we can not still say that this can totally increase the price and can claim that we are in the bullish market again, because it is just a slight increase in the price, but this is a clear view on what can bitcoin do.

This is a real and great sign for those who patiently wait in the bitcoin's value inflation although its not high just like before but at least there is an improvement. More people will believe and expect for bitcoin's value inflation after this years halving season and many of us will be motivated to keep and hold coins and sell them after the halving season.

[Wintersoldier]

The combination of the reasons: Bitcoin halving and the tension between US, and Iran (basically including all the allies of both of these countries) are enough for us to accept the fact that bitcoin will be in a bullish phase, I know it might be good for us holding funds of bitcoin here but should we really be happy about the other reason which is the impending war between these two country? I rather hope for the slow market increase just because of halving because I think I much value the world peace and harmony.

[enhu]

Probably FOMO because halving is just being hyped much so investors come in before halving take affect. It would disappoint them again if a day after halving the price plunge to $5k. The tension between Iran and US I think had helped the fear because if any thing happens and WW3 begin it would be too late for them to start registering to exchanges and sending KYC documents. 

[FaithInCrypto]

Looks awesome. I think this is a great way to start the new year since it came from $7.3k and now at $7.5k in Binance. With the problems around the conflict between US and Iran, hope BTC's price won't be affected greatly.

[airdnasxela]

Looks awesome. I think this is a great way to start the new year since it came from $7.3k and now at $7.5k in Binance. With the problems around the conflict between US and Iran, hope BTC's price won't be affected greatly.

Yes it is a good news for us that the price is slowly increasing but if this rise is due to the happenings between US and Iran, is it really a good way to start the year? The continuous rise will only benefit us. But out there, a lot of people are worried about this news. I don't know whether to be happy with this thought. of course half of me is happy but it's just the beginning so let's wait how this will affect Bitcoin.

[Hamphser]

Looks awesome. I think this is a great way to start the new year since it came from $7.3k and now at $7.5k in Binance. With the problems around the conflict between US and Iran, hope BTC's price won't be affected greatly.

I have a feeling that the conflict between these two nations are making the market to move a little because some rumors tells that wealthy people are transferring their money using bitcoin. Which means they buy bitcoin in order to save their wealth because war would really affect their entire wealth if that's going to happen.

[kro55]

while many cryptonians are getting worried about this Iraq vs. Us war but the price of crypto is continuously growing,now we are sitting at $7,600 and looking higher tomorrow.

i think this is the positive effect of the incoming Bitcoin halving this May,though it may bring another Trap ?nothing is sure but 1 thing is better now and that is we can at least sell off before it falls again for smaller profit of course.

Halving is too far, I dont think this pump is due to halving. Bitcoin price run on news and speculations. Current news of the town is possible US/Iran war. I dont know where bitcoin will fit in this scenario? Just like we (the crypto community) get excited in every event that this is time for bitcoin to fly and buy bitcoin at high and spend rest of the time waiting for price to go up.

[ChrisPop]

The fear of WW3 and the need for diversification in a non-government controlled asset is very plausible in my opinion. However I don't think that had such a big reaction on Bitcoin price. Perhaps the fundamental factors backing up the price while bears are running out of steam. Looking for follow-up from here.  Go BTC! 

[Gozie51]

Looks awesome. I think this is a great way to start the new year since it came from $7.3k and now at $7.5k in Binance. With the problems around the conflict between US and Iran, hope BTC's price won't be affected greatly.

Yes it is a good news for us that the price is slowly increasing but if this rise is due to the happenings between US and Iran, is it really a good way to start the year? The continuous rise will only benefit us. But out there, a lot of people are worried about this news. I don't know whether to be happy with this thought. of course half of me is happy but it's just the beginning so let's wait how this will affect Bitcoin.

I'm not surprise of the price rise since the US strike on Iran. This could be a factor because it could have created some level of uncertainty with fear. I guess people are running more to bitcoin.

[diazepam666]

Let's hope more green value should come in the price chart. As we need the more price bump we people should utilise the situation partially and start trading it to stable currency for resume the profit again.
Many people lost their investment on trading previously it was bad and now can use it.

[GideonGono]

Let's hope more green value should come in the price chart. As we need the more price bump we people should utilise the situation partially and start trading it to stable currency for resume the profit again.
Many people lost their investment on trading previously it was bad and now can use it.

Yup, even there are a lot of problems to some country we hopefully this year would be more green even it runs slowly. There are a lot of good things would rather make happens this year but don't expect too much and appreciate what's the good and not are the bad.

[Nadziratel]

What do you think the recent price jump is due to? Iran attack, halving or something else?

It may have affected oil prices about what happened in Iran (actually Iraq but the issue is about Iran) and the crisis. It may also have affected the USD exchange rate and gold price. But I'm not sure if it affects the BTC price. I don't think we have enough arguments about this.

[sunsilk]

Halving is coming this May and  the war came by surprised few days ago so it might be coincidence. I'm into the reason of halving and this is why we're all possible getting the positive sentiment of the market lately.

With the help of these media publishing "why bitcoin will reach $50,000 by 2020" prolly also triggered the investors to come in again. But this is also a very obvious reason when the medias are starting to become positive about the market, we always get the opposite.

[joinfree]

Yeah, this has become very obvious and some folks have started anticipating that this maybe the long awaited bitcoin bull run. However what these people are failing to see is that bitcoin has touched these levels before and it's no big news when we see bitcoin at $7.5K. Some of us have really set our selling orders at $20k and above so until there we are still holding.