Why Bitcoin is rising suddenly ?

[Pamadar]

People have to love it, buy it sooner or later. The thing about bitcoin I like most that you have full control of on it, so fact is whether govt. approved it or not the popularity of bitcoin continuously grow. People started recognize the potential of bitcoin, so I guess it's inevitable bitcoin moving up.

The decentralized nature attracts people to support bitcoin, those who are open for new technology and willing to learn how to take advantages are mostly the supporters of bitcoin, the more it's been accepted mainstream the more people realized the value of this
cryptocurrency.

With support that continuously growing, expect to see more positive rise form this industry,
no longer small market but already have businesses supports and more to follow.

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[Inkdatar]

In my own opinion, it's not a surprise to me seeing bitcoin increase. Remember bitcoin price reach before an all time high, so we could observe the swing movement in the market. We truly observe its growth in which people adopt bitcoin. Also, it's a demand and supply that trigger for bitcoin to see it increasing. So there are more factors to considered as why bitcoin has this price increase lately.

[nelson4lov]

In my opinion, the recent bitcoin upside price swing was fueled by the recent major news we've had - Stone ridge Bitcoin's assets and Square (Twitter's Co-founder company) investing over $50M in bitcoin. After those news, I had expected the market to "react" and it did so before retracing.  These are just short term bias though. When you zoom out of bitcoin daily TF, things get more interesting.  We should anticipate more price moves like this from Bitcoin moving forward.

[thuyvy2207]

In my own opinion, it's not a surprise to me seeing bitcoin increase. Remember bitcoin price reach before an all time high, so we could observe the swing movement in the market. We truly observe its growth in which people adopt bitcoin. Also, it's a demand and supply that trigger for bitcoin to see it increasing. So there are more factors to considered as why bitcoin has this price increase lately.

I also find it unsurprising, which is as normal as it has been for many years. On the contrary I was surprised that Bitcoin fell in price because it is widely accepted and used, the uptrend should be dominant.

[pilosopotasyo]

Based on data I saw in CMC the price of bitcoin went up within a few hours about $700, which was originally $10600 now at $11375, whether this is just a manipulation as whales do to provoke the ongoing FOMO, which then whales will take profit and the price will dump or will rise steadily until the end of the year as experts predict until it rises to $12000

So far this is what really happening right now whales manipulation for profit to make people buy more only to dip again, the price moved very slowly, this is the same feeling we've had when the market is having a hard time moving to the $10000 and the $11000 level, but I still believe that we are still going to move to the $12 k before the end of this month, I figure that $15000 is attainable this year.

[SquallLeonhart]

What I really want to see is the stabilization of bitcoin at high price should be encouraging big companies to actually make a big deal out of this, like amazon accepted bitcoin for a while if I am not wrong, steam definitely had it, there are tons of big companies who could accept bitcoin and it would be very easy to accept it for them, just deal with coinbase or whatever and put a deal there and everyone can pay with bitcoin.

Back in 2017 peak times some of them had it, but it crashed down and they got burned so they stopped it, too much money lost for them and I understand it perfectly, however I think now that the price showed how strong it is, I feel like they should be getting back into it once again, maybe do not get involved too much but find a way to be in it at least after all these years.

[Oceat]

Based on data I saw in CMC the price of bitcoin went up within a few hours about $700, which was originally $10600 now at $11375, whether this is just a manipulation as whales do to provoke the ongoing FOMO, which then whales will take profit and the price will dump or will rise steadily until the end of the year as experts predict until it rises to $12000

So far this is what really happening right now whales manipulation for profit to make people buy more only to dip again, the price moved very slowly, this is the same feeling we've had when the market is having a hard time moving to the $10000 and the $11000 level, but I still believe that we are still going to move to the $12 k before the end of this month, I figure that $15000 is attainable this year.

I'm not so sure if $15k is already attainable this year but first, let Bitcoin break the $13k resistance first then it might attain the $15 in no time. I can only tell that whales are all behind of this sudden rise of the price although I'm expecting that the price would slowly take the process of growing to touch that $11k+ but it just happens to touch it after that dump for a couple of days.

[justdimin]

There were talks about how people withdrew their bitcoins, that seems to be the narrative right now that caused bitcoin to go up.

I mean surely that looks like one of the main reasons to me for sure, but I also think that there were a lot of people who didn't really cared about the price being so little neither, for like 2 months or so bitcoin stayed at $10k-$11k range and didn't moved at all, this made traders pissed and that is why I believe there was a big amount of people who wanted to see bitcoin go up and they worked together to make it higher, because nobody makes a lot of money when the price of bitcoin stands still but there are tons of people who would make money when it moves, going down does make some people money but going up makes almost everyone a lot of money.

[bitterguy28]

Based on data I saw in CMC the price of bitcoin went up within a few hours about $700, which was originally $10600 now at $11375, whether this is just a manipulation as whales do to provoke the ongoing FOMO, which then whales will take profit and the price will dump or will rise steadily until the end of the year as experts predict until it rises to $12000

Never consider the growth of Bitcoin as Sudden because all of us were very thankful each time this happens,i don't know whats your problem about that or maybe you are bitter because you did not put any money before the Hype?

anyway it is your prerogative mate on how you will invest and use your investments,because what i knew is majority of people inside are rejoicing each time there is this rising moment.

and also this is part of volatility in crypto market so expect tons of this in the next years.

[el kaka22]

There were talks about how people withdrew their bitcoins, that seems to be the narrative right now that caused bitcoin to go up.

I mean surely that looks like one of the main reasons to me for sure, but I also think that there were a lot of people who didn't really cared about the price being so little neither, for like 2 months or so bitcoin stayed at $10k-$11k range and didn't moved at all, this made traders pissed and that is why I believe there was a big amount of people who wanted to see bitcoin go up and they worked together to make it higher, because nobody makes a lot of money when the price of bitcoin stands still but there are tons of people who would make money when it moves, going down does make some people money but going up makes almost everyone a lot of money.

Also there is the fact that bitcoin movements are always "sudden" you do not see bitcoin going up 20 dollars per day until it reaches 700 dollars high, it goes up 200-300 dollars per day even when it is stable, so it is not like bitcoin is something that is always calm and slow, it is something very fast and quick; which means if there are any moves, it will look like it is sudden, and you will be shocked about it if you do not know this.

Price of bitcoin will go up 10%+ and down 10%+ any day and it could happen today or tomorrow or any other time, we should be basically used to this by now. If you are still not sure about bitcoin reacting this way, you are not really experienced enough about bitcoin to know it moves like that constantly, just be ready for sudden moves at any time.

[beerlover]

Bitcoin didn't even moved that suddenly, it was around $10.6k to $10.8k which isn't that far away from each other at around $11.3k which is right now, we are talking about around 600 dollars or so movement, and that is not even 5% move, and in bitcoin world, even though we hate to see it that way, we could say that bitcoin doesn't really move 5% that rarely, I would love to see a stable bitcoin and make it like go up very small and small to a higher level eventually instead of all these moves.

However we have seen 5% spread in bitcoin prices, so it is quite common that bitcoin moves that way, sure 5% spread daily is not common but 5% movements are common, so let's not react like what happened here is "sudden" and "shocking", I would have been surprised if it was over $13-14k by now, but not at $11.3k price.

[Stedsm]

It went up in legs not in one shot, and looks like a bull trap which needs to be passed as there's one more leg remaining downside towards $10k and maybe less if that support is met with a bunch of sellers to break it down near $9300. Don't listen to what analysts say because each of them will have a different number running on their mind and when everything goes positive, ask these experts why does btc dump even during good days? Mind well that it didn't dump yet even after the exchange maintenance and hack news, so a dump is possibly going to hit.

[gaston castano]

I think it's just an increase due to regular market demand even though the increase is quite high.
but I don't see a specific reason for that, moreover altcoins are not going up, so I guess btc is trying to get up first.

[begau]

I think it's just an increase due to regular market demand even though the increase is quite high.
but I don't see a specific reason for that, moreover altcoins are not going up, so I guess btc is trying to get up first.

The market isn't special right now, demand is probably not the exact reason. I think so because often when the demand for cryptocurrencies increases, every coin fluctuates, it is very difficult to have individuality.

[Swordsoffreedom]

When Bitcoin starts to grow it rises at the speed of a storm. This is the nature of Bitcoin, Look at Man-made disasters, said natural disasters, nothing has not been able to stop the movement of Bitcoin to date. Bitcoin moves at its own pace.
Till now the glorious month of November/December of 2017 is floated in front of my eyes, How Bitcoin created an ATH of $20,000 like a cyclone in the blink of an eye! Yes, this is Bitcoin.

Today I’m looking at Daily Bitcoin chart (1D), It looking nice ADX line is showing upward movement and DMI is strong enough to retain the power of the bull, We are moving towards 20,000$ again.

[3meek]

I think it's just an increase due to regular market demand even though the increase is quite high.
but I don't see a specific reason for that, moreover altcoins are not going up, so I guess btc is trying to get up first.

The market isn't special right now, demand is probably not the exact reason. I think so because often when the demand for cryptocurrencies increases, every coin fluctuates, it is very difficult to have individuality.

All markets were artificially supported by printing dollars starting from March 2020... The cryptocurrency market is not an exception when USDT was printed for several months in a row...

[slaman29]

When Bitcoin starts to grow it rises at the speed of a storm. This is the nature of Bitcoin, Look at Man-made disasters, said natural disasters, nothing has not been able to stop the movement of Bitcoin to date. Bitcoin moves at its own pace.

Well it has been 6 months of storm power then to get from below 4k to 11k right not. Not exactly the 4k to 20k movement we saw in 2017 but definitely still a hugely powerful movement when compared to any other asset class for sure!

[Viscore]

When Bitcoin starts to grow it rises at the speed of a storm. This is the nature of Bitcoin, Look at Man-made disasters, said natural disasters, nothing has not been able to stop the movement of Bitcoin to date. Bitcoin moves at its own pace.

Well it has been 6 months of storm power then to get from below 4k to 11k right not. Not exactly the 4k to 20k movement we saw in 2017 but definitely still a hugely powerful movement when compared to any other asset class for sure!

I also have not to compare it since 2017 is a bullish season unlike today that there are a lot of market challenges and economic crisis. Though we think how hard is the situation now but I'd never have to complain about it and despite of the pandemic the market still remains heatlhy and keep moving slowly. But it was a big surprise seeing more people had come into crypto, many business establishments accepting Bitcoin. Well, this thing helps people to appreciate crypto, and crypto adoption had come to start.

[FanEagle]

I believe there is a big reason included in the less trading, sometimes less trading shows lack of interest towards bitcoin, and that means bitcoin price drops, and sometimes less trading means people are not willing to sell, so the price goes up, this time it was the latter and price went up because people didn't want to sell their coins and when there is demand but not enough supply the price goes up.

This is of course not rare, it happens time to time and that is why we do see bitcoin price skyrockets time to time, it happens probably few times a year at least and if you get in before it happens, you could be one of those people who decline to sell and make a profit when the price skyrockets and you end up finally selling. EVERYONE would sell depending on the price, nobody is holding forever.

[ningrum]

Based on data I saw in CMC the price of bitcoin went up within a few hours about $700, which was originally $10600 now at $11375, whether this is just a manipulation as whales do to provoke the ongoing FOMO, which then whales will take profit and the price will dump or will rise steadily until the end of the year as experts predict until it rises to $12000

Bitcoin's volatility has decreased in the last 4 months, I don't know what this means,
whether it will experience a drastic increase, or it will experience a terrible decline.
indeed some experts say that we will find $ 12000 soon, but it is still not working, there must be a strong fomo.