What are the real reasons of recent BTC rally?

[crzy]

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?

Just be happy that bitcoin started to go up again, and its really good for us but we can't tell the real reason for this up since a lot of hype and news in the market. Hoping that it will increase more, there's a lot of time for improvement this year and I also expect for bitcoin to be on this situation again, let's go up until we make another ATH.

[Wexlike]

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 is a nice combination of several things:

- new tax year
- halving in May
- CME future options
- institutional expansion(fidelity custodial solution to Europe)
- overall good market sentiment with the feeling that the bottom is in
- good media coverage
- overheated stock market

[Shinpako09]

You won't know the exact reason on why price is increasing. There's many possible reason, it could be the war, increasing demand because they are getting ready, upcoming halving, someone pumping it, etc. No one exactly know the reason, same with no one exactly know what were going to happen. Everything we read and create by our own mind are just assumptions, speculation, prediction, etc. base on what we are seeing in market condition or economics.

[pixie85]

Institutional investors are a myth. We're hearing about this every year and all Wall Street does is short futures and scam us by getting hopes up and then not delivering. There was supposed to be an ETF but there isn't. Bakkt was delayed and when it finally launched the volume was low and it wasn't even backed because almost all users were trading fiat futures there.

The reason could be war because gold and oil prices also went up and Bitcoin is closer to commodities than stocks.

[alexsandria]

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.

I agree, truly there are so much factors that must be considered in concluding market price rally. Not only the major events that occur but as well the minor factors out there happening without having so much notice. Or else, may be, the most common one is the Whales who manipulates the price just to drive our attention to major events.

[Reatim]

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?

even seniors can't give you exact answer mate because cryptocurrency market is very volatile and anything can happen here and there.

-there are some thoughts about manipulation(issue that is normal talks ever since)

-there are some says this is just a Bulltrap(also close to reality)

-and others say that this is about Craig Wrights case(being given ultimatum by judge to prove him being Satosi Nakamoto until February )

[Images21]

There will always be combinations of different factors. I am seeing good news plus a positive sentiment with the entry of the new year where the block reward halving is going to be implemented. CME is also launching options on Bitcoin futures. And of course people are already buying as the previous years were not so good. It cannot be bad all the time. 2020 could change it all.

[Zemomtum]

The recent surge in price of Bitcoin I think has a connection to the USA and Iran war situation in which Bitcoin was used as a store of value. Since there is no much after Trump remarks, then the whale capitalize on that to retain the price and move it higher.

[pooya87]

the same reason why bitcoin price has been rising for the past 11 years! increased adoption while having a limited supply and being useful. everything else is just noise in the background that could cause some short term change in the speed of the rise. for example hype can speed it up and bubbles can speed it down. but in the end price continues to rise as more and more people adopt bitcoin, the only decentralized currency.

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.

you noticed it because you aren't trading altcoins and aren't looking at the altcoin market. instead you bag hold certain altcoin(s). what happens is that altcoin market is like a queue, each coin has its turn to be pumped. smaller coins get pumped more regularly while bigger coins less regularly and with smaller pumps. but they all get their turn. so when you bag hold only one or two you only notice the pumps occasionally instead of seeing them happening every single day.

[Kyraishi]

A lot of people quoting the Iran-USA war as a reason for why BTC has rallied.

I say that firstly, there has been no substantial escalation of tensions since the first retaliation from Iran. And neither country have declared war. So there is really no "war" to speak of, at least currently.

Secondly, it's clear that BTC prices are much more influenced by speculative sentiment compared to real geopolitical movements (unless it concerns crypto regulation), at least in the very short term. In that sense, the halving upcoming is likely to have a more dominating effect compared to political tensions.

[watergold]

Maybe this has entered a bullish trend so that the market moves up quickly and until now also bitcoin continues to move maybe tomorrow or the next few days will reach $ 9000.
Because I can't be certain that the increase is due to several factors and of course this year there will be many surprises from various large projects so that the market demand is increasing.

[bitvalak]

Rising and falling prices are caused by market behavior. Changing demand and supply will affect overall market conditions. I am not a fundamentalist, so I will not comment on other factors outside the market. When demand and supply are balanced, the price will stabilize at one point, where the seller and buyer both agree with that price. Stop asking the same questions, because almost everyone's answers will be the same. If you are a trader I suggest you look for more information about how prices react by market behavior, there you will be able to understand why such prices can occur.

[Hallmader]

I cannot see a really huge news that could single-handedly propel the price of Bitcoin up to almost $9,000. I surmise this is all brought up by the positive outlook of crypto, especially Bitcoin, in the year 2020. People have been saying a lot about halving. This must be a factor also but I doubt this is all about it alone. In general, this might be brought by the growing demand of crypto and its growing coverage as well.

[marcous]

For almost 2 years we have experienced bear market and this is the time for cryptocurrency to rise and recover. Maybe because Halving is getting closer so that it affects the price of Bitcoin. many people have been pessimistic about crypto because of the bear market situation. and now crypto is proving its existence

[ultrloa]

For almost 2 years we have experienced bear market and this is the time for cryptocurrency to rise and recover. Maybe because Halving is getting closer so that it affects the price of Bitcoin. many people have been pessimistic about crypto because of the bear market situation. and now crypto is proving its existence

The hype starting to rise by now since people know that there's something good to be happen right now and provably this rise will continue until the halving occurs but we should not keep our eyes out in the market since me I'm putting my self in position to secure my profits if there's something bad track occurs and I don't want to get trapped.

[Ridwan Fauzi]

I wonted to read some article about cryptocurrencies everyday especially of there is come about bitcoin I will read it first. Then I noticed that there are many article about mining bitcoin and I think that this thing is because at this year bitcoin will meet halving event. As for the price bitcoin has been increasing a lot recently I guess it is just because many investor there has calculated that the halving event will give a big effect to bitcoin price.

As you can see the privous halving event that have happened. Most of them will make the price of bitcoin increased a lot, as an example the all time high bitcoin price i.e $20.000 that has happened at 2017 ago I'm sure it was because halving event that happened at 2016 ago. So as the halving event is a benchmark to gain a lot of profit IMO, we can proof it later.

[Reid]

Halving is coming. That is the only reason.
Just like when Game of Thrones was hyped when they say "Winter is coming". 

Investors are now eyeing for a great response on their co-investors. That just means a great hype is also around that will take demands to the higher levels.
There are fears of being a late buyer which might take a real toll to their funds. Yeah, that means expensive bitcoin.
As one of the buyers, I don't want that to happen to me.

[slaman29]

It is a nice combination of several things:

- new tax year
- halving in May
- CME future options
- institutional expansion(fidelity custodial solution to Europe)
- overall good market sentiment with the feeling that the bottom is in
- good media coverage
- overheated stock market

The tax thing I don't really agree, it's something you always expect anytime anywhere every year. CME futures was a surprise too, especially since Bakkt didn't do anything for price, rather, when expectations weren't met, we crashed.

I think it's definitely the general sentiment and people looking to get out of stocks before THAT crashes.

[bitcoindusts]

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?

One of the reason that many believe why Bitcoin price is rallying is due to the upcoming halving that resulted in  hype and bullish sentiment of the current market, aside from that history also shown that there is always a minor rally every beginning of the year so it is something like history repeating itself. 

[gweedo]

The recent surge in price of Bitcoin I think has a connection to the USA and Iran war situation in which Bitcoin was used as a store of value. Since there is no much after Trump remarks, then the whale capitalize on that to retain the price and move it higher.

The recent surge in price of Bitcoin I think has a connection to the USA and Iran war situation in which Bitcoin was used as a store of value. Since there is no much after Trump remarks, then the whale capitalize on that to retain the price and move it higher.

A lot of people say that the price of bitcoin increased by this war, but so far the war is over but the price is still rising. So certainly that reason is not entirely accurate. The real reason is that investor demand has increased due to the upcoming halving and it is believed that halving will help Bitcoin gain higher value. There is also a lot of good news that has helped the market receive more attention from investors. 2020 will be a big year for Bitcoin and this whole market