Bitcoin 10% increase in a day - why?

[el kaka22]

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.

There was a big new interest in the 2021 year that is true. On top of that there were too many people who made money as well. The best way to do marketing for crypto is the people who made a ton of money and then they will end up with something that will make a profit for you as well if the other people make some profit. There is actually no correlation and unfortunately people do not realize that, if someone made a profit in the crypto then it makes them feel like they could make a profit from crypto as well.

I do not understand how they get in but they got in anyway. I believe that we should be basically telling people that they can't make a profit like others did because they were in the right time and if you got in at the exact right time and do the right thing then you could make a super amount of money but that doesn't mean that you will be making the same profit like them. In any case we have more people and that is a good reason to see bitcoin go up.

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[ShowOff]

There was a big new interest in the 2021 year that is true. On top of that there were too many people who made money as well. The best way to do marketing for crypto is the people who made a ton of money and then they will end up with something that will make a profit for you as well if the other people make some profit. There is actually no correlation and unfortunately people do not realize that, if someone made a profit in the crypto then it makes them feel like they could make a profit from crypto as well.

I do not understand how they get in but they got in anyway. I believe that we should be basically telling people that they can't make a profit like others did because they were in the right time and if you got in at the exact right time and do the right thing then you could make a super amount of money but that doesn't mean that you will be making the same profit like them. In any case we have more people and that is a good reason to see bitcoin go up.

Mate, the rise in the price of bitcoin after the dump in mid-April to the end of September is the support that all investors and traders have been waiting for. Bitcoin has managed to make a new history of “ATH” in April but the storm came suddenly and has brought the price down. The demand for bitcoin has picked up again during October and this has opened up hope for us to see the price match the April ATH price. Don't know what the main factor is, but bitcoin's future potential is the basis why people believe it.

[Woodie]

Most likely it has everything to do with US Securities and Exchange Commission ( SEC) giving the green light towards the bitcoin ETF which was a journey that was started  several years ago by the winklevoss bothers and achieving this today is a milestone and one for the history books. Can't wait to see these 100 thousand predictions and million to start showing up.

[stomachgrowls]

Most likely it has everything to do with US Securities and Exchange Commission ( SEC) giving the green light towards the bitcoin ETF which was a journey that was started  several years ago by the winklevoss bothers and achieving this today is a milestone and one for the history books. Can't wait to see these 100 thousand predictions and million to start showing up.

This thread was created before that ETF situation that we do have now on which the price of $62,757.13 which is almost reaching its previous ATH and this had been the reason most like

but talking on events on where op had mentioned or pertaining about then this is something totally in random because even if we do have negative sentiments around it doesnt really give out guaranteed
effects whether it do goes down or like that.

10% movement is just an ordinary day and honestly these are the times i do love the most on where as an active trader, you could really make out some nasty short term profits
but if you are a hodler then this wont really be an issue.

[tippytoes]

Most likely it has everything to do with US Securities and Exchange Commission ( SEC) giving the green light towards the bitcoin ETF which was a journey that was started  several years ago by the winklevoss bothers and achieving this today is a milestone and one for the history books. Can't wait to see these 100 thousand predictions and million to start showing up.

This thread was created before that ETF situation that we do have now on which the price of $62,757.13 which is almost reaching its previous ATH and this had been the reason most like

but talking on events on where op had mentioned or pertaining about then this is something totally in random because even if we do have negative sentiments around it doesnt really give out guaranteed
effects whether it do goes down or like that.

10% movement is just an ordinary day and honestly these are the times i do love the most on where as an active trader, you could really make out some nasty short term profits
but if you are a hodler then this wont really be an issue.

The 10% increase that the OP was talking about has nothing to do about this recent approval of SEC regarding Bitcoin ETF. But in any case, that price movement is only normal in this market, we can really see that in a daily basis, this is why a lot of people are being attracted to bitcoin because of this price volatility. Anyway, expect that we may see further increase as this approval of bitcoin ETF has already started. And that means, more trust from the users even newcomers will find a way how to get involved in this market.

[perryxi2]

I guess haven't seen this in quite a while. I was planning to buy some BTC if it hits around $30k but it didn't give me a chance. This time it looks different price only slightly down at 45k$-47k$ support and now BTC price has reached 55k$ yesterday actually I missed buying cheap BTC again and now the price is slowly recovering. I have read a lot of news saying that according to some major analysts speculation maybe BTC price by the end of this year will reach as high as 70k $.

[STT]

The market will move alot after a period of decline, alot of the move is recovery of value lost prior.   One big reason is shorts being closed will result in BTC being bought, it tends to be a sharp effect because people who relied on price falling now are part of its bullish rise.

Right now we going sideways alot, its not a harsh decline but generally I'd say this is neutral to negative decline.   If we suddenly get good news, all the people who foresaw weakness will have to rebuy to be involved again

[Fredomago]

The market will move alot after a period of decline, alot of the move is recovery of value lost prior.   One big reason is shorts being closed will result in BTC being bought, it tends to be a sharp effect because people who relied on price falling now are part of its bullish rise.

Right now we going sideways alot, its not a harsh decline but generally I'd say this is neutral to negative decline.   If we suddenly get good news, all the people who foresaw weakness will have to rebuy to be involved again

Pretty normal to see this kind of action inside the market, there are people who wanted to see these in order to place their entry while others already experienced good gains who are part of short decline, cashing out profits and now waiting for another good entry position to repeat the rinse that's being done.

Short-term traders are good at understanding the flow, they keep on getting good compensations each time they participate with their trades.

The direction is still normal, that correction can provide a strong barrier and we might see another good momentum to gain back the bullish trend.

[RealMalatesta]

The market will move alot after a period of decline, alot of the move is recovery of value lost prior.   One big reason is shorts being closed will result in BTC being bought, it tends to be a sharp effect because people who relied on price falling now are part of its bullish rise.

Right now we going sideways alot, its not a harsh decline but generally I'd say this is neutral to negative decline.   If we suddenly get good news, all the people who foresaw weakness will have to rebuy to be involved again

At a price of nearly 65k as of right now, I would not say that it is a negative decline. It is definitely not a positive incline neither, but not a negative one. I agree that it is sideways and that is good enough for all of us. We should aim at just being happy with what we have and do not worry about sideways. Sure we reached 67k+ levels and that is why around 65k may look like a negative one to you, but to most people that is something that we are fine with.

This is why we should not be saying things like it is doing negative and we need a good news and people are shorting because most of them are not true with the data we have and the price we are at right now.

[Jating]

The market will move alot after a period of decline, alot of the move is recovery of value lost prior.   One big reason is shorts being closed will result in BTC being bought, it tends to be a sharp effect because people who relied on price falling now are part of its bullish rise.

Right, and that's why it's really hard to go against the market. Daily traders who short bitcoin are going to get REKT in a recovery phase. Like what we've seen in October, wherein we have a massive spike in prices.

Right now we going sideways alot, its not a harsh decline but generally I'd say this is neutral to negative decline.   If we suddenly get good news, all the people who foresaw weakness will have to rebuy to be involved again

We are in the middle ground again, although both forces are pulling against each other, there is no clear winner, hence the market is moving sideways. Others see this as a good indication that we might see another imminent break out in the future. And so this could be another great opportunity to buy in an get themselves involved in the market again, the sooner the better.

[CapGelatik]

It's very natural for us to find in the crypto market, let alone a 10% increase in Bitcoin in one day,
yes, because of good news of course, because good news greatly affects the price of Bitcoin, but remember,
it's not just a 10% increase, but a 10% decrease. % can also be done by Bitcoin, so my advice you should be careful.