Bitcoin 10% increase in a day - why?

[lalabotax]

That's people, when the price of Bitcoin rising up, they will ask why, and when the price goes down, they will also ask why.

Well, that is normal in order to check what happens to the world of Bitcoin.
As predicted by many people, the bullish trend will be started again the Q4 and now it is the beginning of Quarter 4. The FUD previously only becomes the trigger for many people to panic selling. But in fact, the market is better soon.
But, will this bullish trend last longer at least until the year ends? No one knows

[Silberman]

It is always unknow whether the price has jumped due to some kind of news or because of some market movement, or probably both, but there is something that i have been noticing is that every year with the Q4 there is always a bit of surge in the prices, whatever the conditions and  the news, and it is still to this day unknown to me why that this is happening.

I think part of it is that there are other people that have noticed that pattern too and now this has created the expectation in the mind of traders that the price can go up at the end of the year, and if enough traders are willing to put their money behind this belief then this creates a self-fulfilling prophecy, however I think we are seeing something more profound than that, bitcoin is ready to go up in value in a spectacular fashion, and when it does the FOMO will be impressive, so I have no doubts the current ATH will be completely smashed.

[redsun114]

Funny to see people simply claims that the increase in prices of recently it's linked to the temporary shutdown of Facebook, WhatsApp, Instagram and messenger in recent times. I don’t see how these things can be linked to the increase in the price of Bitcoin at all, so I didn’t believe any of them.
 
I’ve also seen news about the bill that you have talked about. I really hope that they don’t pass the bill, because if they should do that it is going to affect Bitcoin a lot and I am not wishing for that to happen.

There are already lots of big companies in The US that has to do with cryptocurrency exchanging and mining of cryptocurrency, so if they should go ahead and pass such a bill, how are these companies going to be able to cooperate? This is going to result to most of them changing location from the country moving to other countries where they will be allowed to continue with their business.

[oktana]

Funny to see people simply claims that the increase in prices of recently it's linked to the temporary shutdown of Facebook, WhatsApp, Instagram and messenger in recent times. I don’t see how these things can be linked to the increase in the price of Bitcoin at all, so I didn’t believe any of them.

Actually, some stocks price declined because of that but, I don't think the dots connect. Unless people sold their stocks and invested it in Bitcoin.

Something that just crossed my mind is the establishment of the crypto mining which is a very recent news (even more recent that Twitter Bitcoin tipping), but, it didn't trend and isn't an option to me. But! everything matters. Bitcoin increase in price can actually be an addition of all of these events and not just one event.

[Hypnosis00]

Funny to see people simply claims that the increase in prices of recently it's linked to the temporary shutdown of Facebook, WhatsApp, Instagram and messenger in recent times. I don’t see how these things can be linked to the increase in the price of Bitcoin at all, so I didn’t believe any of them.

Actually, some stocks price declined because of that but, I don't think the dots connect. Unless people sold their stocks and invested it in Bitcoin.

Something that just crossed my mind is the establishment of the crypto mining which is a very recent news (even more recent that Twitter Bitcoin tipping), but, it didn't trend and isn't an option to me. But! everything matters. Bitcoin increase in price can actually be an addition of all of these events and not just one event.

Just you've said, the temporary shutdown of these giant social media platform never connect to what we have experience (skyrocket), I've never seen it as because the market will just pump unexpectedly with or without any events like this. I can't picture out how it comes into their minds but anyways, it always happens to blame something for something not new. And besides, these pumps have been expected as we are in the Christmas season, we even thinking of another ATH.

Whatever the reason for this surge, well, thank you. People were happy to see this but those who were selling earlier, that is sorry.

[ringgo96]

This increase occurs due to the inauguration of the U.S. Infrastructure Bill and currently in one of the largest banks in the U.S. already storing crypto assets is certainly very extraordinary and will have a big impact on the value of bitcoin and altcoins of course, and in the future the increase that occurs will pass the current 10% mark and is currently slightly hampered due to news of the ban on using crypto transactions in China, China. But it's not too much we care because in the last year they also made negative news but it only lasted a moment later the value of bitcoin again increased.

[Shasha80]

It is always unknow whether the price has jumped due to some kind of news or because of some market movement, or probably both, but there is something that i have been noticing is that every year with the Q4 there is always a bit of surge in the prices, whatever the conditions and  the news, and it is still to this day unknown to me why that this is happening.

I think part of it is that there are other people that have noticed that pattern too and now this has created the expectation in the mind of traders that the price can go up at the end of the year, and if enough traders are willing to put their money behind this belief then this creates a self-fulfilling prophecy, however I think we are seeing something more profound than that, bitcoin is ready to go up in value in a spectacular fashion, and when it does the FOMO will be impressive, so I have no doubts the current ATH will be completely smashed.

The increase in the price of Bitcoin in a week by 14%, this is a good sign, because it will indirectly trigger FOMO. This pattern is often repeated,
so some investors finally predict that Bitcoin prices can continue to rise until the end of the year. It is not impossible at the end of the year will reach
new ATH, that way the best step we have to do right now is still holding the Bitcoin we have. Don't be in a hurry to sell the Bitcoins we have today,
be patient holding Bitcoin until the end of the year will make us generate bigger profits. In the end, patience is the key to success.

[dupee419]

Bitcoin has been steadily falling the last month... Today, it popped over 10%.

What do you think changed?
*China ban banning crypto
*October?
*Delaying the damaging US Infrastructure Bill that is set to ban cryptocurrency software development, cryptocurrency mining, make sending >$10k a felony without getting recipients SS# etc and many other Bitcoin restrictions? P.S. Contact Congress.

In my opinion, this is all directly attributable to the US Infrastructure bill that has massive implications for the industry. If it passes, this will have cascading impacts worldwide as other countries adopt similar measures to the US. China officially banning Bitcoin seemed to have no directly attributable impact, because I think that was already priced in. It being October seems unlikely that it would pop like this in a day.

What is your opinion?

Usually, October is the month of bears, but this is actually an opportunity, common terms like FOMO or FUD may be the reason behind the 14% pump, also, a lot of Bitcoin enthusiasts were also predicting the pump of Bitcoin's value as October starts, no specific reason though but I am sure that there are multiple reasons, and the common terms I mentioned earlier could definitely be the reason as well.

[Yamifoud]

This increase occurs due to the inauguration of the U.S. Infrastructure Bill and currently in one of the largest banks in the U.S. already storing crypto assets is certainly very extraordinary and will have a big impact on the value of bitcoin and altcoins of course, and in the future the increase that occurs will pass the current 10% mark and is currently slightly hampered due to news of the ban on using crypto transactions in China, China. But it's not too much we care because in the last year they also made negative news but it only lasted a moment later the value of bitcoin again increased.

It is still uncertain, might it gives some impact on the price but I don't think that is only the reason for this price surge.
But all I can say is that we're glad to have this momentum despite the FUDs and news coming from China. The market stood still stronger and what we've seen this time is a sign that we're moving upward and the demand is increasing.  Having this uptrend motion, we can expect that there is another ATH that comes within this year.

[maydna]

Bitcoin has been steadily falling the last month... Today, it popped over 10%.

What do you think changed?
*China ban banning crypto
*October?
*Delaying the damaging US Infrastructure Bill that is set to ban cryptocurrency software development, cryptocurrency mining, make sending >$10k a felony without getting recipients SS# etc and many other Bitcoin restrictions? P.S. Contact Congress.

In my opinion, this is all directly attributable to the US Infrastructure bill that has massive implications for the industry. If it passes, this will have cascading impacts worldwide as other countries adopt similar measures to the US. China officially banning Bitcoin seemed to have no directly attributable impact, because I think that was already priced in. It being October seems unlikely that it would pop like this in a day.

What is your opinion?

Usually, October is the month of bears, but this is actually an opportunity, common terms like FOMO or FUD may be the reason behind the 14% pump, also, a lot of Bitcoin enthusiasts were also predicting the pump of Bitcoin's value as October starts, no specific reason though but I am sure that there are multiple reasons, and the common terms I mentioned earlier could definitely be the reason as well.

Hopefully, that is change this year, so we only see this month will be bull. This month seems a good month for bitcoin to rise after the price got much bad news a few months ago, and hopefully, people will see that bitcoin is getting stronger than before, and it will survive in the bad situation. We don't have to think about the reason because that will not be easy to find it.

[Jating]

It is always unknow whether the price has jumped due to some kind of news or because of some market movement, or probably both, but there is something that i have been noticing is that every year with the Q4 there is always a bit of surge in the prices, whatever the conditions and  the news, and it is still to this day unknown to me why that this is happening.

I think part of it is that there are other people that have noticed that pattern too and now this has created the expectation in the mind of traders that the price can go up at the end of the year, and if enough traders are willing to put their money behind this belief then this creates a self-fulfilling prophecy, however I think we are seeing something more profound than that, bitcoin is ready to go up in value in a spectacular fashion, and when it does the FOMO will be impressive, so I have no doubts the current ATH will be completely smashed.

The increase in the price of Bitcoin in a week by 14%, this is a good sign, because it will indirectly trigger FOMO. This pattern is often repeated,
so some investors finally predict that Bitcoin prices can continue to rise until the end of the year. It is not impossible at the end of the year will reach
new ATH, that way the best step we have to do right now is still holding the Bitcoin we have. Don't be in a hurry to sell the Bitcoins we have today,
be patient holding Bitcoin until the end of the year will make us generate bigger profits. In the end, patience is the key to success.

For me FOMO will set in again if we are going to break that next round numbers which is $60k.

Right now what we are seeing is speculators and traders just trying to make some money because of the bullrun this October. Nevertheless if we see $60k reach and sustain, then there will be a new set of investors that will enter the picture and pour their money. The real gauge here is how big this bull run going to be up to December as we are waiting for it to reach at least 6 digits.

[GbitG]

Bitcoin has been steadily falling the last month... Today, it popped over 10%.

What do you think changed?
*China ban banning crypto
*October?
*Delaying the damaging US Infrastructure Bill that is set to ban cryptocurrency software development, cryptocurrency mining, make sending >$10k a felony without getting recipients SS# etc and many other Bitcoin restrictions? P.S. Contact Congress.

In my opinion, this is all directly attributable to the US Infrastructure bill that has massive implications for the industry. If it passes, this will have cascading impacts worldwide as other countries adopt similar measures to the US. China officially banning Bitcoin seemed to have no directly attributable impact, because I think that was already priced in. It being October seems unlikely that it would pop like this in a day.

What is your opinion?

Usually, October is the month of bears, but this is actually an opportunity, common terms like FOMO or FUD may be the reason behind the 14% pump, also, a lot of Bitcoin enthusiasts were also predicting the pump of Bitcoin's value as October starts, no specific reason though but I am sure that there are multiple reasons, and the common terms I mentioned earlier could definitely be the reason as well.

Hopefully, that is change this year, so we only see this month will be bull. This month seems a good month for bitcoin to rise after the price got much bad news a few months ago, and hopefully, people will see that bitcoin is getting stronger than before, and it will survive in the bad situation. We don't have to think about the reason because that will not be easy to find it.

October is good for bitcoin, and I am feeling may be just because of this It's also happened, but one thing is sure we have nothing any solid analysis which can prove this. Many times it's happen just because of good views from different influencers as they are popular, and the comments about this which help. I also read we have big news from few countries as they are bringing some soft policies for crypto and bitcoin, just because of this it's also can go in rise mode. We all know bitcoins nature is unpredictable, just because of this we have nothing special for giving solid proof for rise of this price in a day.

[Ryker1]

^[snip]
For me FOMO will set in again if we are going to break that next round numbers which is $60k.

Well I don't think so, so it means it will create again another ATH within this year. I have doubt that this will not happen.
Bitcoin price could stay in the range of $50k but I have doubt it will not surpass that price, because as I can see when bitcoin goes up there will be an opposite direction, it could be dropped and it takes a week before it will recover. If the level resistance will reached even the price of $55k, therefore I can consider that this prediction will happen.

[GeorgeJohn]

just look at the chart:

every time the bitcoin price drops to a strong support and cannot make the price fall below this support, it starts to rise a lot until it reaches a very strong resistance and when it cannot break this very strong resistance the price starts to fall a lot until that it achieves very strong support, this has been happening for years. don't have any surprises

If i may ask you what is really the cause of it not been constant for it movement? Actually it normally rise and fall, from my observation i understand that the only thing that causes this kind of movement is due to the relationship of cryptocurrency especially bitcoin  the marketcap, since i notice what is bitcoin, it never be stagnant in it's price and it future of price movement is determine by the total numbers of demands, so when the demand is higher than the supply the price began to accelerate with higher potential, so the summary of volatility is base on the market.

[TinaK]

It's good news to us that we are near to see another all-time high and I know it is near to happen and maybe within this year.
Maybe because of the wide adoption that happens and a lot of countries taking steps into bitcoin and begun legalizing it or as a legal tender. That is the reason why bitcoin now plunged too much in the market because of the widespread adoption and maybe the trend will continue and until it will create a new all-time high in the future and maybe this year. In a long term, bitcoin is always a good investment.

[EdenHazard]

just look at the chart:

every time the bitcoin price drops to a strong support and cannot make the price fall below this support, it starts to rise a lot until it reaches a very strong resistance and when it cannot break this very strong resistance the price starts to fall a lot until that it achieves very strong support, this has been happening for years. don't have any surprises

If i may ask you what is really the cause of it not been constant for it movement? Actually it normally rise abd fall, from my observation i understand that the only thing that causes this kind of movement is due to the relationship of cryptocurrency especially bitcoin with the marketcap, since i know notice what is bitcoin, it never be stagnant in price and it future of price movement is determine by the total numbers of demands, so when the demand is higher than the supply the price began to accelerate with higher potential, so the summary of volatility is base on the market.

then what makes people drive to buy causing those demands increased while there a lot of negative sentiments around? 
this just makes no sense for most people now, even the chart formed from a sentiments so yeah... is that institutions making move trying to fool us?

[Slow death]

just look at the chart:

every time the bitcoin price drops to a strong support and cannot make the price fall below this support, it starts to rise a lot until it reaches a very strong resistance and when it cannot break this very strong resistance the price starts to fall a lot until that it achieves very strong support, this has been happening for years. don't have any surprises

If i may ask you what is really the cause of it not been constant for it movement? Actually it normally rise abd fall, from my observation i understand that the only thing that causes this kind of movement is due to the relationship of cryptocurrency especially bitcoin with the marketcap, since i know notice what is bitcoin, it never be stagnant in price and it future of price movement is determine by the total numbers of demands, so when the demand is higher than the supply the price began to accelerate with higher potential, so the summary of volatility is base on the market.

I'll explain better:

if the resistance is at $55000 for example, when this resistance is broken the price will start to increase a lot until it reaches another big resistance so that it has reversal and falls, the same happens when the price starts to drop a lot. until a few months the price could not break the $55000 then it fell a lot to $29000 and as it could not break the 29000$ it started to rise a lot and will only fall if it does not manage to break another great resistance, of course in the middle of that the good news impact the rise or fall of price, with speculation of a possible approval of bitcoin ETF the price is increasing a lot

[SirLancelot]

This increase occurs due to the inauguration of the U.S. Infrastructure Bill and currently in one of the largest banks in the U.S. already storing crypto assets is certainly very extraordinary and will have a big impact on the value of bitcoin and altcoins of course, and in the future the increase that occurs will pass the current 10% mark and is currently slightly hampered due to news of the ban on using crypto transactions in China, China. But it's not too much we care because in the last year they also made negative news but it only lasted a moment later the value of bitcoin again increased.

It is still uncertain, might it gives some impact on the price but I don't think that is only the reason for this price surge.
But all I can say is that we're glad to have this momentum despite the FUDs and news coming from China. The market stood still stronger and what we've seen this time is a sign that we're moving upward and the demand is increasing.  Having this uptrend motion, we can expect that there is another ATH that comes within this year.

Yes, it's really no way to know about this why this happens, but currently we have few good things going around us and these all are helping in positive mode. We all know that crypto market is about news when there's someone saying it will go up especially if the influencer is popular then surely it's going in positive way without any reason also.

Sometimes we can say like investor's interest increase, so just because of this we have this good increase in very quickly. And few countries have good news about bitcoin, this is also good case for this.

[rincoeng1986]

This increase occurs due to the inauguration of the U.S. Infrastructure Bill and currently in one of the largest banks in the U.S. already storing crypto assets is certainly very extraordinary and will have a big impact on the value of bitcoin and altcoins of course, and in the future the increase that occurs will pass the current 10% mark and is currently slightly hampered due to news of the ban on using crypto transactions in China, China. But it's not too much we care because in the last year they also made negative news but it only lasted a moment later the value of bitcoin again increased.

It is still uncertain, might it gives some impact on the price but I don't think that is only the reason for this price surge.
But all I can say is that we're glad to have this momentum despite the FUDs and news coming from China. The market stood still stronger and what we've seen this time is a sign that we're moving upward and the demand is increasing.  Having this uptrend motion, we can expect that there is another ATH that comes within this year.

Yes, it's really no way to know about this why this happens, but currently we have few good things going around us and these all are helping in positive mode. We all know that crypto market is about news when there's someone saying it will go up especially if the influencer is popular then surely it's going in positive way without any reason also.

Sometimes we can say like investor's interest increase, so just because of this we have this good increase in very quickly. And few countries have good news about bitcoin, this is also good case for this.

bitcoin continues to increase in recent times as many countries have started adopting bitcoin among the countries of El Salvador and venezula. no need to wonder why bitcoin continues to increase until it reaches 10% per day. countries have realized that bitcoin is a future digital asset that is in great demand. now bitcoin has entered the highest first rank than other assets.

[Fredomago]

bitcoin continues to increase in recent times as many countries have started adopting bitcoin among the countries of El Salvador and venezula. no need to wonder why bitcoin continues to increase until it reaches 10% per day. countries have realized that bitcoin is a future digital asset that is in great demand. now bitcoin has entered the highest first rank than other assets.

Bitcoin gained more interest as we have seen it, and with people who see opportunities, they grab it and put their investment inside. With that action, supply and demand triggered, and it's normal inside trading when there are lots of buyers and holders. The value will pump and so far we just don't see a temporary pump after this thread but a continuous market strong movement.

There are many chances that it will go for more and it can hit or trigger new time high once this strong run gained more support from traders and investors who also seen big opportunities.