Post
Topic
Board Speculation
Re: BULL RUN STARTING ON BITCOIN? End of Bear Market?
by
magneto
on 12/04/2018, 20:20:25 UTC
What the hell just happened just now when BTC prices went up $1000?
$30b just came into the market suddenly.

Can anyone give me a reasonable explanation for these CANDLES!!!!



It seems to me to just be a pump. I don't think that there were any articles in the news that would have justified this pump, so it could just be traders seeing that $6500 support is strong, and buying in, which caused a huge short squeeze.

I was surprised when I saw the price as well this morning.

I agree with kolesozw. a $800 jump in price for now is just something short term. Whether this will actually translate to some sort of long lasting trend is a different question, and to be honest, I think we may correct down even further after this pump is over. Though I do expect this bullishness to last at least a week for now.