Why Bitcoin is rising suddenly ?

[Leviathan.007]

It's completely possible. Currently, Bitcoin is doing spin price moves meaning it's not doing any sharp or spike movements. According to the history of bitcoin, whenever price is doing little spin movements in same level of the price, this will suddenly dump or pump hugely. That's actually, the rule of ATR (average true range). As we can see from the previous price pumps, It's totally possible to see the price rise again with a sharp moment maybe to break the 12K resistance area this time. However, there is a price gap on 9700 and there is a little possibility for the price to fall and fill the gap.

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[systechbitcoin]

 Bitcoin price fluctuate rapidly by their very nature extremely volatile. I think a lot of people may lose a lot of money if they're not aware of what's going on why those price shocks happen and again it's down to new markets that are disruptive and they're very thin so they move very quick

[gatti]

It happens all the time,in both positive and negative manner.If the price difference is 700$,it will not affect you fully.Based  on your holding coin and his percentage,you get a loss or profit.With this sometimes,the whale will influence the market with their huge holding of bitcoin.It reached to 12k$ in first half of August itself and undergo some correction.

[AniviaBtc]

Bitcoin already reach $12,000 around 2 months ago, it's possible the price will reach $13,000 or $14,000 in end of the year.

Yeah, that time I though that the bitcoin price will go beyond $12,000 but it doesn't even last and came back at the price of $10,000. At that time, I don't think that it is enough and profitable for me and I've waited so much instead. Which is I regretted that month and I learned that mistake to never do that again amidst of bitcoin price. No one expected for that price to increase and occur and I'm hoping for another ATH but my expectation didn't happen.

[ampu]

I think the recent rise in bitcoin is due to the news that China's central bank has released a test of 10 million virtual coins. This is pretty good news for the crypto market so the bitcoin price soaring is understandable, perhaps bitcoin will reach the price of $ 12,000 by the end of the year.

The value of Bitcoin does not depend on Chinese actions, but on chart patterns as well as on other related news such as companies and individuals that have increased their bitcoins.
China is not interested in bitcoin, they are only interested in blockchain and they will seek to eliminate things like bitcoin in their payment system, and in fact, they are creating the country's cryptocurrency.

[FlightyPouch]

I don't know what is happening but it seems that we might pass through $12000 this time. I guess the price will be more than $11000 this time though I think that it might still go down since if it is really a manipulation by the whales, there might be a correction or maybe it would just go up to $12000 in the next few weeks.

[Nhor1011]

Bitcoin price rising is because of a demand or market manipulation except the fact that bitcoin is really volatile but if it suddenly increase then I think there is another factor affecting on it. Either there is a news that makes bitcoin in demand now after a long time time that it's value remained to $10k but now it's on $12k which is a good sign for this year 2020. Hoping it will continue to increase and surge high again.

[matchi2011]

I don't know what is happening but it seems that we might pass through $12000 this time. I guess the price will be more than $11000 this time though I think that it might still go down since if it is really a manipulation by the whales, there might be a correction or maybe it would just go up to $12000 in the next few weeks.

Big chance that it can provoke more buyers and holders to bring the price to $12K it's very possible since momentum is really showing coming from the market.

Once this continuously grows more and more demands will show up and another sets of new investors will comes up and start bringing new money inside, we can continue speculating and enjoy what this investment currency bring us.

[YuginKadoya]

This is GreatArkansas Chart and this Chart indicates that the movement of Bitcoin is repeating in 2014 the price went down until mid-2016 sam happens to 2018 up to now the price drops but for a certain decrease of price there will always be an increase always a momentum of increase indicated in the mid-year of 2016 and ending the starts of 2018 so 2020 I think this will repeat the cycle and pertaining the year 2020 up to 2021 up to 2022 will surely prosper in the increasing price of Bitcoin.

Right now even though there is manipulation in the buy and sell of Bitcoin this could still be good to really buy and hold Bitcoin up to the year indicated.

[BlackFor3st]

It only means that the demand has increase and it is the main reason why bitcoin price is rising in a short period of time. There is a big chance that there
is whale that is on move in buying a bitcoin or a company that bought a good amount of bitcoin.

In which cases, the selling option has been fully occupied by the demand or the buyers that is why the bitcoin price is starting to gain almost 7% within 7 days.

[Rana590]

It is normal for bitcoin to rise again. Bitcoin is one of the popular coin all over the world. It has a great demand and when demand gets high then price stars to rise again. It is the basic crypto currency rules also.

[Kohatiiboy]

As we experienced bitcoin price is pump ince again with a big margin,now its should be very carefull to take a risk.as it we r in the last quarter of rhe year the price have chance to pump 12000$.lets see what happen.

[3meek]

The market is cyclic, there are more bitcoin users, the popularity is growing... The accumulation phase may soon end and a new round of growth will begin... Then, new bagholders will appear on ATH... The bubble is deflated... Repeat!

[Xembin]

This is the season many people have been waiting for in the areas of market for them to trade coins and make a good profit. Bitcoin is different from other cryptocurrencies in terms of pumping in the areas of market compared to other crypto which they are still dumpling in the market at anytime.
I think this is the season bitcoin use to stable in pumping in the market.

[Kohatiiboy]

Bitcoin is moving in a flag-tailed chart pattern and it is pointing upward in a favorable situation. Of course, the good news is that the CEO of twitter reported that he bought 50 million dollars in Bitcoin.
News with mix and pump chart.
https://www.tradingview.com/chart/BTCUSD/b7z0bkGB-BTC-Fools-Me-AGAIN-Pumping-Above-New-Upper-Triangle-Limit/

Yeah you are right.charts show clearly that bitcoin is pumping at very high speed.we can say that bitcoin price of bitcoin at the beginning of new year will be probably 12000$+

[Yatsan]

The rise is not just all of a sudden. There are certain factors that serves a contributors why the price rises up and even falls down every single time. Now, with regards to that, the rise and fall can be partially be affected or manipulated by the flow of demand for Bitcoin, can also be because of the big investors that many known to be the whales of the market or other contributing factors that can affect like the news coming out every single moment which can possibly or certainly affect depending on the type of news which will affect human behavior and decision which makes necessary and unnecessary actions which leads to the fall or rise of the price which is based on the actions being done by the people and the market behavior. Popularity might as well become one for people now recognizes at times like this the importance of Bitcoin on their lives.

[Oasisman]

People are waiting for a new bull run (or even a bubble) since the halving. And the pressure keeps increasing.

The tweets on Technical analysis from the last week were telling that a big move is going to happen - up or down.
Then there were the news about Square buying $50million worth of Bitcoin.

Obviously the price went up.

Obviously yes!
As long as people keeps speculating for bull run coming in 2021, price will tend to go up in a certain point of time regardless If Btc will crash a few hundreds of dollars, It'll always come back up.
Though this Btc price range is a bit expensive to accumulate more fractions, but retail investors aren't selling either. So, If there's a massive buy out like the Square, It'll obviously makes a good price impact.

[STT]

Over speculation can be seen as weakness, just like the froth of a wave may rush forward but also retract as it is not as solid as the tide encroaching the land.     Longer term we are progressing more slowly then sometimes appears and we'll retract to that base line at fairly regular intervals which is not really bearish and people who been around recognize and know this type of phenomena in the price action.

Right this moment BTC does seem positive but also I'm watching to see if it can advance over resistance while holding above the 2 day average in blue here.

[suzanne5223]

Many things impact the increase in the price of the Bitcoin market but what usually influence the market price are positive news, mining difficulty, weak hands exit and whales decision but according to what I read lately and also believe that led to the current surge in the price of Bitcoin is the correlation that seems to be between Bitcoin market and the stock and some private company that chooses to use Bitcoin as their reserve assets.

[lienfaye]

Do we really need a reason for bitcoin sudden price increase?

Because I used to see the price unstable like a roller coaster ride. So if ever the price turns up and down I just take advantage the moment.

Whales might buying again or some investors are Fomo because year end is coming.