What could be the possible news that triggered BTC 82k

[Ishicryptic]

I don't want to make any kind of speculation on the reason why Bitcoin rose this high in this short period of time, but i wasn't that surprised when I looked at the Bitcoin price chart on the monthly timeframe, because at the end of August, the bullish momentum has already build up waiting to spring up, so it was during September the pump was in full display, that's why we now have a bullish engulfing candle stick in the month of September, if you are looking at the  chart on a monthly timeframe.

So since the buying sentiment is still very high due to the bullish closure of September, let's not be surprised if Bitcoin rises to $94k before the end of this month or before the end of October, but the strong resistance at that level will determine if the bullish momentum is going to continue or not.

It is true that the momentum of price increase have been building up before this September, it happened that it manifested when it did which was a positive fundamental for the market, price has slightly decreased to $77k but we shouldn't see it as an indication of further decrease, I still see a positive momentum that can spike price all the way to $90k. But we just have to wait and see where the next wave would take us to, either it's a downturn or uptrend I think that it makes sense to continue to hold because after dip we are quite certain that bull run would happen sooner or later. It's a volatile market and analysts are waiting for the next signals to speculate where price should be, I think that we shouldn't get carried away by whatever we hear because they don't control the market.

[asriloni]

There's nothing you're missing. It's just simply no asset will stay in the consolidating phase forever. So the jump in the bitcoin price is normal. There's no special news that pushed bitcoin went up. However, it's a little bit different this time because FOMC is expecting the interest rate.

So it's likely bitcoin will be going back to the 70k range following this news. Another reason is that CPI to have higher forecast, which can also impact the bitcoin price.

Market is starting its pullback to go down again following some bad news. My expectation it will be hovering in the range i have mentioned above.

[LogitechMouse]

To frank as I am surprised to see that in the month of September bitcoin actually broke out the price of 80k, have been moving around 60k to 70k for a very long duration. But to be surprise, I am now seeing that Bitcoin has already broken out from 80k to around 82k.

Pardon me if there is anything I am actually missing, for the past few days I haven't been around as clerical job kept me on the go. Please I am open to also read those information that happened to push Bitcoin across the hand of 80k.

Nothing surprising TBH. If you will look at the 1D chart of Bitcoin, you will see that it re-tested the 1D resistance which sits at near $83,000, and right now, we are seeing the sellers gaining momentum as we see Bitcoin sitting at below $77,000.

There's no news that triggered Bitcoin to reach as high as $82,000. It simply re-tested that resistance, and it failed hence we're seeing a downward pressure. That US PPI really pushed the crypto market downwards and in a few hours, the CPI will be announced, so this might affect Bitcoin and might go down to as low as $75,000 if it comes up higher than what many are expecting. There's no news. It's simply the momentum, and maybe a little bit of FOMO because many thought that the pump that happened will be the start of the BULL MARKET which it doesn't. Poor newbies.

[Pikiboy]

To frank as I am surprised to see that in the month of September bitcoin actually broke out the price of 80k, have been moving around 60k to 70k for a very long duration. But to be surprise, I am now seeing that Bitcoin has already broken out from 80k to around 82k.

Pardon me if there is anything I am actually missing, for the past few days I haven't been around as clerical job kept me on the go. Please I am open to also read those information that happened to push Bitcoin across the hand of 80k.

Nothing surprising TBH. If you will look at the 1D chart of Bitcoin, you will see that it re-tested the 1D resistance which sits at near $83,000, and right now, we are seeing the sellers gaining momentum as we see Bitcoin sitting at below $77,000.

There's no news that triggered Bitcoin to reach as high as $82,000. It simply re-tested that resistance, and it failed hence we're seeing a downward pressure. That US PPI really pushed the crypto market downwards and in a few hours, the CPI will be announced, so this might affect Bitcoin and might go down to as low as $75,000 if it comes up higher than what many are expecting. There's no news. It's simply the momentum, and maybe a little bit of FOMO because many thought that the pump that happened will be the start of the BULL MARKET which it doesn't. Poor newbies.

I am begining to also understand something differentially from the market as not what we thought off that usually happens. I am also observing new thing as we drive into this month of September and from the look out of things this months may never end up as many expected because September are not usually for much increase and rise of the price.

[Jaweria parveen]

Every positive news that comes into the world and has an impact on the Bitcoin market can push the price of Bitcoin up. But this is not the problem that will make the price of Bitcoin go up. Although what is happening in the world at the moment has its own place, the good news that will be born in the market and the price of Bitcoin can go even higher. But it is surprising that you only set a target of 82,000$ while you should have thought of 90,000$ or 100,000$. It is going to be almost a year since the price of Bitcoin has been below 100,000$ and even if it remains like this, the price of Bitcoin seems a little difficult to rise in the coming 1.5 year. In addition to this, there should be some change in the market, which will increase the price. Sometimes buying more also causes the price to accelerate.

[Ndabagi01]

Must every rise and fall in the Bitcoin price be tied to news? 
I believe it's just normal market movement. A few months back there was a drop from the 80s to the 60s, and after a lengthy accumulation period, it's now back up to the 80s. Classic normal market movements... a war between the sellers and buyers

Most people usually think that the market must be tied to a news before it makes big movements like this, not knowing that Bitcoin will move naturally as long as there is buy and sell order in the market. News may cause effect to the market but it doesn’t really have that effect that many people thinks that it can to make a significant impact on the path to which the market will take. Not every move should be tied to news and we should at least get use to spike and fall in the market.

[danadc]

The easiest way is for Trump to say something relevant; that's a surefire way to quickly raise the price. Another possibility is legal support within the US for accepting BTC; in my opinion, that's what could do it.

Another possibility is for the government to massively buy BTC again; those are the kinds of things that can drive the price up.

As long as there are news reports of wars or geopolitical differences with the world's most dominant powers, it will be difficult. It will continue to fall to $77k every time there's a bullish rally.

[drangos]

A search for a specific news story might be a bit misleading here. If the market is trading at $80K and suddenly buying pressure increased. Then it's possible to see a move to $82K in a short time. After repeated testing traders monitoring the same price level may also. Be able to start reacting to a breakout contributing momentum to the trade. What I find interesting is not so much what caused BTC to get past the $82K level. But if $82K will provide the next level of support once the noise dies down. Of course a failure to break above it would say a lot more than making it to the top!

[Swordsoffreedom]

Must every rise and fall in the Bitcoin price be tied to news? 
I believe it's just normal market movement. A few months back there was a drop from the 80s to the 60s, and after a lengthy accumulation period, it's now back up to the 80s. Classic normal market movements... a war between the sellers and buyers

Most people usually think that the market must be tied to a news before it makes big movements like this, not knowing that Bitcoin will move naturally as long as there is buy and sell order in the market. News may cause effect to the market but it doesn’t really have that effect that many people thinks that it can to make a significant impact on the path to which the market will take. Not every move should be tied to news and we should at least get use to spike and fall in the market.

I can agree that not every Bitcoin move is related to news, and not every piece of news has an impact on the market. But I don't agree that news doesn't have a significant impact.

Bitcoin is highly speculative, and its price is mainly driven by capital flows and market sentiment. News can directly affect both.

The price of Bitcoin is basically battle between buyer and seller, but news can change their sentiment and make them buy or sell more aggressively. So I don't think its right to say that news doesnt have much of a impact on the market.

[Yorubek]

To frank as I am surprised to see that in the month of September bitcoin actually broke out the price of 80k, have been moving around 60k to 70k for a very long duration. But to be surprise, I am now seeing that Bitcoin has already broken out from 80k to around 82k.

Pardon me if there is anything I am actually missing, for the past few days I haven't been around as clerical job kept me on the go. Please I am open to also read those information that happened to push Bitcoin across the hand of 80k.

I am not very surprised to see the price of Bitcoin increase because the price of Bitcoin was on a downward trend for a long time and now the price is gradually increasing, this process of increasing or decreasing the price of Bitcoin will continue continuously, so it is very natural for you to see the price of Bitcoin increase.

The price of Bitcoin will increase depending on the demand, when there is less selling pressure in the market, the demand for buying increases and this continues for a long time, as a result of which the price gradually increases. Bitcoin is volatile, so it is not possible to say with certainty how much the price of Bitcoin will increase. I am very happy to see the price of Bitcoin increasing.

[JeffBrad12]

To frank as I am surprised to see that in the month of September bitcoin actually broke out the price of 80k, have been moving around 60k to 70k for a very long duration. But to be surprise, I am now seeing that Bitcoin has already broken out from 80k to around 82k.

Pardon me if there is anything I am actually missing, for the past few days I haven't been around as clerical job kept me on the go. Please I am open to also read those information that happened to push Bitcoin across the hand of 80k.

The bull doesn't even need a reason, observe the cycle's bottom of every cycle for the past 3 cycle, at the bottom bitcoin always rise out of nowhere. Bitcoin market somehow always rise out of nowhere when the market has judged that it's undervalued, it's like people see huge inflow and other people decided to do the same.

From my observation, on 1D and 7D bitcoin have strong resistance on 85k but it has filled FVG at the top, it will fill FVG at the bottom going back to 70k range and slowly retest resistance and successfully broke through. This is the ideal scenario and I hope it happen, we will be seeing another big pump.

[Iranus]

The bull doesn't even need a reason, observe the cycle's bottom of every cycle for the past 3 cycle, at the bottom bitcoin always rise out of nowhere. Bitcoin market somehow always rise out of nowhere when the market has judged that it's undervalued, it's like people see huge inflow and other people decided to do the same.

The market can go up without any specific news driving it, because it has its own cycles and momentum. But it doesn't just go up out of nowhere either. Every price move has a reason behind it, whether its money flowing in, market sentiment, or simply supply and demand.

From my observation, on 1D and 7D bitcoin have strong resistance on 85k but it has filled FVG at the top, it will fill FVG at the bottom going back to 70k range and slowly retest resistance and successfully broke through. This is the ideal scenario and I hope it happen, we will be seeing another big pump.

However, as far as I know, Bitcoin is still below the 50 week MA, and it has rejected the price for 3 weeks in a row.

Bitcoin is squeezed between two giant walls, and either scenario could happen.


https://x.com/100trillionUSD/status/2098704245524484295
https://charts.blockhorizon.io/charts/cost-basis-distribution#

[laijsica]

To frank as I am surprised to see that in the month of September bitcoin actually broke out the price of 80k, have been moving around 60k to 70k for a very long duration. But to be surprise, I am now seeing that Bitcoin has already broken out from 80k to around 82k.

Pardon me if there is anything I am actually missing, for the past few days I haven't been around as clerical job kept me on the go. Please I am open to also read those information that happened to push Bitcoin across the hand of 80k.

I am not very surprised to see the price of Bitcoin increase because the price of Bitcoin was on a downward trend for a long time and now the price is gradually increasing, this process of increasing or decreasing the price of Bitcoin will continue continuously, so it is very natural for you to see the price of Bitcoin increase.

The price of Bitcoin will increase depending on the demand, when there is less selling pressure in the market, the demand for buying increases and this continues for a long time, as a result of which the price gradually increases. Bitcoin is volatile, so it is not possible to say with certainty how much the price of Bitcoin will increase. I am very happy to see the price of Bitcoin increasing.

I will not consider the market as falling since the price of Bitcoin touched ATH on October 6th of last year. Sometimes the market rose or sometimes fell, but after ATH, there was a lot of decline compared to that price. The market has been experiencing some rise since the beginning of this month. Of course, the price of Bitcoin fluctuates with the increase in demand. However, there is a tendency for investors to hold Bitcoin due to the tendency not to sell at a loss during a long-term correction period. Whenever the market rises slightly, traders withdraw funds at a small profit. But long-term investors are still regularly buying Bitcoin and holding it for the long term. With the upcoming month of October, I think the price of Bitcoin may cross a level near $100k next month.

[YOSHIE]

What could be the possible news that triggered BTC 82k

For now, even though the Bitcoin price is still at the $77k level, we can see various speculations that could trigger various kinds of news about the Bitcoin price moving up to $83k and up to the $100k level, one of the general news that we often see and speculate on by various parties, such as a combination of macroeconomic news, policies carried out by the US and also about institutional capital flows as we know today, all of this is a point of speculation formovement of Bitcoin prices to a certain level.

If it is speculated, there may still be a lot of news that is recorded as being very massive for the future movement of Bitcoin, however, all of this is not separated from the flow of purchases of Bitcoin assets, The point is that all the existing news will certainly have a good impact on Bitcoin's future growth, we just need to wait for the right time so that all of these phenomena will occur.

[Zackz5000]

To frank as I am surprised to see that in the month of September bitcoin actually broke out the price of 80k, have been moving around 60k to 70k for a very long duration. But to be surprise, I am now seeing that Bitcoin has already broken out from 80k to around 82k.

Pardon me if there is anything I am actually missing, for the past few days I haven't been around as clerical job kept me on the go. Please I am open to also read those information that happened to push Bitcoin across the hand of 80k.

We should be excited in the recent increase of the price of Bitcoin, there is nothing that should surprised you here, am already aware how the price has been seriously declining in price and some people thought it won't increase again but surprisely it did a massive increase from the month of August to this month, although it has been up and down now.

If you are a long time Bitcoin investor you shouldn't be distracted by the speculation of the price of Bitcoin know that the price won't stop increasing in a long run, we have seen $100k previously and we are going to see more than that in time coming so focus more on stacking up more Bitcoin and hold for long.

[o48o]

The easiest way is for Trump to say something relevant; that's a surefire way to quickly raise the price. Another possibility is legal support within the US for accepting BTC; in my opinion, that's what could do it.

Another possibility is for the government to massively buy BTC again; those are the kinds of things that can drive the price up.

As long as there are news reports of wars or geopolitical differences with the world's most dominant powers, it will be difficult. It will continue to fall to $77k every time there's a bullish rally.

Again? What government is that? Because i don't think US government has ever bought bitcoin. Actually only government i know has bought bitcoin is Argentina, and their central bank don't even have any bitcoin treasury.

Also, bitcoin will rise in the bull cycle and drop again in the bear cycle no matter if there are wars and geopolitical problems. If it won't break ath this cycle, then all the bets are off on how will it behave in the future, but it will try it again in the end of the year.

[danadc]

Again? What government is that? Because i don't think US government has ever bought bitcoin. Actually only government i know has bought bitcoin is Argentina, and their central bank don't even have any bitcoin treasury.

Also, bitcoin will rise in the bull cycle and drop again in the bear cycle no matter if there are wars and geopolitical problems. If it won't break ath this cycle, then all the bets are off on how will it behave in the future, but it will try it again in the end of the year.

Well, maybe not openly, but it's a fact that Donald Trump's son has done it. His father knows it, and it's obvious that the father has done it too. The fact that he doesn't say so is another matter; it's just that he hasn't clarified it here.

But if you think about it, everyone in Trump's family should or has to buy BTC, and if they don't, they're pretty foolish, because BTC is what will be the currency of the future. For me, there will come a time when fiat money won't be used as much as BTC.

[Dizciple]

To frank as I am surprised to see that in the month of September bitcoin actually broke out the price of 80k, have been moving around 60k to 70k for a very long duration. But to be surprise, I am now seeing that Bitcoin has already broken out from 80k to around 82k. Pardon me if there is anything I am actually missing, for the past few days I haven't been around as clerical job kept me on the go. Please I am open to also read those information that happened to push Bitcoin across the hand of 80k.

Is there any big news that I haven't heard about because I was present and not away as you were but I didn't hear anything that can cause the market to rise up that's why I think what's happening isn't because of any news but because of a bounce up from the market as that can happen at any time without the market reaching to any news or fud for when there's a corrections. The market didn't stay above $82k for too long therefore if the bounce up was because of a news then that news isn't strong enough and shouldn't be given attention. The market has the powers to pump itself and it can do this when the market is down for too long that traders have brought enough that buyers becomes more abundant in the market therefore we begin to have lesser sell orders. If the sell others becomes more than the buyers available then the market will have a correction reactions.

[Zoomic]

The easiest way is for Trump to say something relevant; that's a surefire way to quickly raise the price. Another possibility is legal support within the US for accepting BTC; in my opinion, that's what could do it.

Another possibility is for the government to massively buy BTC again; those are the kinds of things that can drive the price up.

As long as there are news reports of wars or geopolitical differences with the world's most dominant powers, it will be difficult. It will continue to fall to $77k every time there's a bullish rally.

The thing is whenever there's a pump in price of BTC, we try so much to tag a news to it even when the market doesn't really work that way.

This thread was created when BTC peaked $82k within the first 3 days of the month before it dropped to $75k within the last one week but currently, BTC is @$81k, so should we still look for a the news that'll explain that move?

We need to understand that sometimes, BTC price movement is just a balance between buyers and sellers changing as sentiment and market conditions change.

[fillippone]

I guess the news about the CFTC regulations triggered a massive inflow. ETF people started buying right before the market opening, as Bitcoin rallied just before US markets started.
Probably Tradfi players still need some time to read the news!