So BTC is going up on pretty low volume currently. So what changed to get people willing to pay a higher price now? Is there some news or anything I am missing here?
Or is China just not having any news lately so they get the price to rise and then "News" comes out and ppl are like oh snap time to sell again. Idk.
People just got tired of selling.
That's all. You can always come up with some arbitrary explanation due to "News". But at the same time you can never prove that these "News" are the real cause of a specific market movement. So it's a waste of time to search for explanations.
Because of the relatively low volume I don't think that a new longterm uptrend is born yet. I expect prices to trend sideways for a another few months.
ya.ya.yo!