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.
If you wait only for the articles in the news and then decide your trading decisions, then I am sorry to say but you are far beyond those people who earn in crypto handsomely. When anything publishes in the news it losts it's uniqueness in the market. Everyone is aware of it after. So, it is better to understand the reasons of market growth and to get to know it before it becomes a news to take full advantage.