OMG, BitCoin is spiking !!! What is causing this ???

[HardFacts]

Does anyone know what is causing the huge spike in Bitcoin Price today     A big change in price can usually be traced to some event, but I do not see anything significant today to explain this

Now I just have to figure out when to sell the spike, and pull out some profits 

Hard Facts

[Velkro]

A big change in price can usually be traced to some event,

I was thinking same thing in past. I learned that its not.
You can't predict event that will and when affect the price and how much it could affect it.
I mean even halvening you can't clearly say when and how and thats most known 99% sure knowledge about price/value of bitcoin increase.

Just relax, in years you won't be excited so much about minor price movements, even bigger ones won't affect you that much .

[YuginKadoya]

Indeed it is spiking off the charts and all I have to do is to enjoy this kind of ride and never really think about how this may happen, but on thinking about this I can only think of the event of the halving as many investors, whales and even normal people that want a taste of the halving can sure think of a pump that may happen when the halving occurs, although in some cases if the halving would not become successful there still be a risk that may occur.

[ChrisPop]

Spikes are usually determined by lack of liquidity and like any other price movement due to an imbalancd between buyers and sellers. Not enough sellers and a multitude of buyers trying to get a position results in big, voluminous candlesticks.

[TravelMug]

Does anyone know what is causing the huge spike in Bitcoin Price today     A big change in price can usually be traced to some event, but I do not see anything significant today to explain this

Now I just have to figure out when to sell the spike, and pull out some profits 

Hard Facts

Just to be fair, not only BTC is spiking but the rest of crypto market is making sort of a 'mini bull-run'.

As to the reasons? hard to say, maybe investors are really preparing for the block halving or whales trying to set up a bull trap. But that's the hard part though, we really don't know when will it peak and push the sell button to make profits.

[tomahawk9]

Now I just have to figure out when to sell the spike, and pull out some profits 

If you haven't done so then it's best to stay put and just see what happens. In my personal experience, when you do things on the fly in this market, more often than not you end up regreting doing it, in this case, selling at current prices when maybe at the end of the week we'll be at 10k (just an example). That's why you have an stratetgy and set your price targets in advance...you know, basic stuff for those looking to profit in the short-term/long-term.

As to why the price is going up...who knows? Maybe something's brewing behind the scenes and those with access to insider information are filling their bags, it could be whales manipulating the price (bull trap), could be FOMO kicking in...There are so many variables in play in the cryptosphere, but more specifically in the btc market, that it's really hard to pinpoint exactly what's causing this massive spike in the price.

The only good thing about the current market movements is that, the more the price continues to stay above 8k, the greater the chances of the bear market not returning (for a very long time).

[AicecreaME]

I've read an article about the recent price increase of bitcoin, and it seems that they are not because of the US vs Iran happening as of now, neither the bull run. In my opinion, it is only natural for bitcoin's to pump and dump from time to time because of its volatility, and I know that things are getting interesting because of this sudden price hike.

The halving is coming so fast, and it might help as well the market to recover from the bearish trend that is still happening for 2 years already.

[nickenburg]

Yes like other people said before me you can't really predict the price of Bitcoin, on a day to day basis, some days it will just act crazy.
In a few days it can go down again, or maybe it will even continue to rise.

In my opinion people are exited for Bitcoin it just became 2020 and these 2 years are going to be great for us, to spectate what the price is going to do.
This little spike is nothing yet and litterly 2-3 month's ago the price was at 9K-10k$ per Bitcoin so it's nothing strange.

[Shasha80]

The possibility of bitcoin prices today has increased due to market manipulation by whales. Because there isn't a big thing yet
happened but the price of bitcoin has jumped up again. Actually, almost all crypto communities are happy to hear the rise of bitcoin.
Whatever the reason, the most important bitcoin prices can go up. For me this increase becomes an opportunity to take profit.
And if the price is corrected then the opportunity to buy bitcoin again.

[FairUser]

Does anyone know what is causing the huge spike in Bitcoin Price today     A big change in price can usually be traced to some event, but I do not see anything significant today to explain this

Now I just have to figure out when to sell the spike, and pull out some profits 

Hard Facts

Bitcoin prices don't always follow the news. The only news that makes bitcoin so exciting is halving, and it will take place in a few months. The current price increase is due to its influence and I believe that the price will continue to go up in the next few months. The bitcoin price last week has been adjusted to well below $ 8000, but it is still trading steadily so now is the time for BTC to go up in search of a new peak. Also the bitcoin price was adjusted last week but it's still stable at $ 8000, so today's price increase will help Bitcoin go up and look for a new peak.

[Hamphser]

The price of bitcoin has always been cyclical , I expected this  

I expected also some kind of a trap after this.
But for now, let's just enjoy this glorious pump to make some profit while it's still there. This might be a bull trap because there's no apparent reason why there's a sudden pump. But if the price continue to surge to break the $9k then i guess it's not a bull trap.

[Youghoor]

First and foremost, you should understand that this is not the first time the market value of bitcoin is spiking and will not be the last. For the actual reasons causing the spike of bitcoin, no one can specifically pinpoint what is causing it. You just have to take advantage of this spike and make some profits out of it. If you want to focus on finding the actual cause of this spike, you might just be wasting your time.

[The Sceptical Chymist]

A big change in price can usually be traced to some event,

I was thinking same thing in past. I learned that its not.

I agree, most of the time with crypto you can't point to a specific event or news item or whatever to explain price movements, unlike in the stock market where you have all sorts of economic data that could be responsible for market movements.  This little bump that we're seeing right now is a good example of this--there hasn't been anything I've read about that could account for what's going on.

Even in the stock market, which I've been into for years, I never paid much attention to explanations as to why prices were moving the way they did.  I suppose it matters more if you're a day trader and trade stocks (or crypto) quite often, but that's never the way I invested.  So whatever is really causing bitcoin to shoot upward right now doesn't interest me all that much--and if I were to try to explain it myself I'd be pulling theories out of my ass, and what's the point of that?

[LorenoCoin]

weeks ago Bitcoin has been in alsista trend, only had a small correction could tell distribution, the graph shows 3 targets to be coming up, now is a resistance, the support is in the lower rectangle, if you break the rectangle above we could be talking about the 12k $. There will be some normal corrections but the goal is that. So, gentlemen, bitcoin does not depend on a war, and neither on bulls, those "bulls" could be bots that only take advantage of the liquidation of leverage in exchanges, since almost all have the margin mode more 100x, you have to consider this to know why it goes up uncontrollably.

We also observe that the volume remains discreet, so the offer is not yet the owner of this market

[target]

If you can make a fortune already with the current price, you might wanna wait til the price spikes stops. Selling it today will lead you to regret if the price continues to go up. Two weeks past and the price continues to go up already. I suggest you do the same even after halving because this might just give you the Lambo you have been wishing. 

[HardFacts]

Tether crooks are manipulating the prices with their fractional reserve scam coin.
Trying to trick the general public into buying in so they can sell at inflated prices to keep their fractional reserve scam going.
Nothing new under the sun. 

I would NEVER, NEVER, NEVER trust Tether.  I do not believe they have the backing they claim !!!

Hard Facts

[rdbase]

It is the new year pump we have all been waiting for and it just happens to be two weeks late.
I think it happens every year when it falls on the chinese new year when mass amounts of bitcoin are being bought as a good luck omen for wealth and prosperity during the year.

[bitbunnny]

Spikes are usually determined by lack of liquidity and like any other price movement due to an imbalancd between buyers and sellers. Not enough sellers and a multitude of buyers trying to get a position results in big, voluminous candlesticks.

It is the new year pump we have all been waiting for and it just happens to be two weeks late.
I think it happens every year when it falls on the chinese new year when mass amounts of bitcoin are being bought as a good luck omen for wealth and prosperity during the year.

.


That might be the cause , lack of liquidity, yes. But to my opinion it's not connected with Chinese new year like some think.
However I don't see reasons for euphoria that some users are already showing and that doesn't mean that we will have continuous growth in next period and see huge price rise at the end . Let's wait a while before making any concrete conclusions.

[Eugenar]

If you can make a fortune already with the current price, you might wanna wait til the price spikes stops. Selling it today will lead you to regret if the price continues to go up. Two weeks past and the price continues to go up already. I suggest you do the same even after halving because this might just give you the Lambo you have been wishing. 

This is the thoughts most people have in mind, but to tell you exactly, profits will be based not just upon waiting for the right time to sell, but to consider accumulating enough funds with you. Remember, if you have low investment, profits will rely based on your investment so make sure to have enough fund to deposit and to hodl with the best you can.

Bitcoin is spiking now because of the trading signal and market condition it has from the previous weeks. Most of the youtube channels that it could be bullish for the next months, without really stating, or correlating reasons about war or halving. Just pure, technical analysis.

[ChiNgadOr]

You won't see this in forex, where you need a real huge amount of money to make price drop or jump. But this is typical in crypto, and one of the reasons of people having distrust in the industry, along as why will never be able to be massively adopted or get mainstream.
The answer to yoru question is easy:

MANIPULATION