What are the real reasons of recent BTC rally?

[mirrasel]

Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!

But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?

[arbiter5]

Because supply and demand. And stop asking about what's going to happen with it's price because obviously no one knows.

[The Sceptical Chymist]

Altcoins have also soared!

I've definitely noticed that, since I have some Dash that more than tripled in value since I acquired it.  I was shocked to see that happen, to say the least.

Also, I think it's awesome that the WSJ is reporting on crypto.  I'm pretty sure it's not the first instance of it happening, but I always smile inside when I read threads like this that mention mainstream media coverage of bitcoin.

As far as the "why" behind the rally, I don't think anyone can really pin it down.  People were saying that it was the US-Iran situation when we saw the first little bump, but that situation settled down and bitcoin continued to rise.  Probably the only thing anyone could really point to is the upcoming halving, but nobody can really say that for sure.  Anyway, it doesn't matter to me all that much why these things happen.  I'm just glad bitcoin is starting off the year on a high note.  It's good to see.

[ReiMomo]

~snip~
But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?

Okay, let assume that I have a crystal ball to speculate the bitcoin price and know what the possible cause of hitting up in the bitcoin price.
Sorry, but all of this is just speculation and there's no accurate answer regarding this matter.

1] Probably just because of the recent war between Iran and the USA, market stocks were affected and had become mass adoption of crypto.
2] the price of bitcoin goes up just because it is going up, nothing less.
3] Accumulation and getting ready for the upcoming next halving.
4] If I know, maybe I am the reachest man on earth.
5] unpredictable

[Raflesia]

My opinion is because the demand for bitcoin increased slightly so that this increase also occurred at the beginning of this month and there was a big pump yesterday but it still did not side with bitcoin and only on other coins.
I think there is no reason whatsoever about the rise in the price of bitcoin because it is very fluctuating so it cannot be confirmed and only positive predictions.

[iamaruf]

Bitcoin reward halving in this year.I think bitcoin pump is simple. If you follow last years pump few pump was without reasons.Also there is one more reason iran and usa war.but we will see more pump next few months.     

[Oceat]

Bitcoin reward halving in this year.I think bitcoin pump is simple. If you follow last years pump few pump was without reasons.Also there is one more reason iran and usa war.but we will see more pump next few months.     

That reason about the conflict of US and Iran is already done and the only thing I could think of the pump is they were trying to hype it. But it doesn't seem to go down after that, it might be people are starting to buy and accumulate as much as they want because they are preparing for the Bitcoin halving effect yet that would take effect next year.

[avikz]

Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!

But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?

It's very hard to conclude a single reason for the bitcoin rally because bitcoin is truly international in every sense! If it was a local currency then it would have been easier to conclude but that's not the case for bitcoin. So I can think of few reasons which may have played a background role,

1. Upcoming halving may have started factoring in.
2. US - Iran war situation may have pushed people to look for alternatives which are liquid in nature.
3. The upcoming judgement on CSW case on proving the ownership of Satoshi's bitcoins.
4. More avenues have opened for institutional investors in late 2019 which has finally started getting traction.

So probably all these reasons have started pushing the bitcoin price higher. But can't really be a single reason there!

[carter34]

I don't think that there is any major reason for that other than the halving and maybe the US and Iran threats to each other and the tempo seem to have reduced, this is why price too have been stable lately.

[Aikidoka]

I don't think that there is any major reason for that other than the halving and maybe the US and Iran threats to each other and the tempo seem to have reduced, this is why price too have been stable lately.

It may be related to the US and Iran problems, but also it can be some huge manipulation by whales, but it's always due to the supply and the demand of bitcoin. It was really a good increase in the last few days, I even noticed that bitcoin sv increased a lot after that it was like 80% profit in just a few days which it's really amazing and not expected.

[Duzter]

There is nothing to connect with the growth of the price. If the growth have taken place it could've been a big headache, and the growth is just a friend of my mother. This enriches the entire flowers and it is quite hard. Already we've discussed much on the floral arrangements which also a big part of the baby pakrathu.

[malekbaba]

BTC is being traded at 8.6k, undoubtedly nice opening since 2012. May be positive CME launch along with Iran USA war tension are the catalyst so far. Not only btc but top 100 alts are going north. Exchage traded bitcoin option was introduced in Chicago mercantile exchange and thus institutional investor will start investing in crypto

[Nadziratel]

Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!

But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?

Everyone expected and still expect prices movement for halving. Halving is one of the biggest and important evert for Bitcoin. So miner rewards will decrease from 12.5BTC to 6,25BTC. So they have to sell their BTC with higher prices than now. It is biggest affect.

And people is hoping much more performance from Bitcoin. For example I never sold my BTC's with this price. It may not reach 1 million ever but I think it can easily reach to 100K. So Bitcoin is still so cheap.

I also read some news about Twitter and Bitcoin lately. I don't know it has any affect about Bitcoin's price but it would be great. It's written that Twitter will accept payment with BTC some upcoming features.

[sunsilk]

The alts are depending on bitcoin that's why they are soaring too. The most potential reason why bitcoin is going up is due to the upcoming halving. It seems that more people are getting involved now and giving importance to the said event.

But it couldn't that be the reason and there must be something else or we can say that the market is naturally growing due to the adoption that we're getting everywhere. And isn't that great that we're seeing now a correction that will open now the possibility that it will rise again for the 2nd time around?

[hello_good_sir]

Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!

But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?

The main thing is that people's expectations have eased up quite a bit.

It used to be incredibly bearish back in 2018-19 but now, with the halving on the horizon as well as the fact that there were some positive institutional investment progress going on back in 2019, there is much stronger demand for BTC especially for the long run.

Essentially, it's just a natural part of the BTC price cycle which repeats itself every ~4 or so years.

Perhaps the tensions between US and Iran has contributed, but I doubt by that much.

[pakhitheboss]

In my opinion there are two reason for Bitcoin pump.

1. Accumulation because of halving
2. The middle East unrest may be another reason for the Bitcoin pump.

I do not think any other reason is responsible for the price surge. Anyways it was said in this forum many times that in 2019 Bitcoin price will go up and in 2020 and it might reach a new AHT in 2021.

[harizen]

Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!

But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?

Newbie or senior members, big or small names, all will head to their own speculation and thoughts.

To somehow feed your mind, go to your favorite search engine and type the keyword "bitcoin price pump".

From there, read recent news, speculations, and analyzations from various sources. After spending time lurking at those sites and articles, I do believe you will now have some insights about what could be the possible reasons for this increase.

And to your last question, it is actually shouldn't be a question*.

[romero121]

In the crypto space it is very difficult to precisely mention reason for the growth of bitcoin. Based on different factors it keeps pumping and dumping. This time there is stabilized growth happened and the same took the price above $8000 in a short. Possibly the demand keeps growing providing large scale growth. More positive news associated with cryptocurrencies is a big reason for the growth of bitcoin.

[stomachgrowls]

Thing that had been tied up into this bitcoin price rally.

-Bitcoin halving
-US-Iran war
-CW issue

But to give out conclusion about the real reason then theres no one would able to point it out.Market is always been like this
even if theres no news, it can soar nor increase that high without even knowing the reason behind.

[DevilSlayer]

Thing that had been tied up into this bitcoin price rally.

-Bitcoin halving
-US-Iran war
-CW issue

But to give out conclusion about the real reason then theres no one would able to point it out.Market is always been like this
even if theres no news, it can soar nor increase that high without even knowing the reason behind.

If you will analyze the chart, the real reason why there is rally is because of the buyers that are now in control, the uptrend is now currently forming and it is a good sign because we will now see that the chart forming higher highs and higher lows. I am not a fundamentalist so for me the bitcoin halving, the us iran war and cw issues are not factors why there are price rally happened.