Post
Topic
Board Speculation
Topic OP
Let's analyse Bitcoin's recent market rise
by
Jamesib1
on 24/02/2019, 09:45:41 UTC
I would like for us to analyze, as much as we can, the reasons behind the recent Bitcoin's market rise. Either it be rumours, news articles or a word from someone's mouth there has to be a reason behind the recent price rises. Everybody just says vague things in other threads like "crypto winter is over" or "we will see some more downs" but noone sat down and wrote some of the events that propably have influenced the market price.

Shall we begin? First thing first. The first BTC market rise we saw in 2019 was when we heard from a U.S sec a rumour that BTC will propably pass ETF. This was around 08/02/2019. I couldn't find the article, but i recall reading about this event around that time on Bitcointalk.

Let's take a look at the more recent events. The rise on 17/02/2019 was almost when JPM announced his crypto. The announcement was on 14/02/2019 but I guess the market needed a few days to make the needed corrections to BTC's price.

This leaves us with the yesterday's market rise. From what I have gathered throught the web, we are hitting the deadline of Feb 27's decision on VanEck-SolidX Bitcoin ETF . Now, I wouldn't be surprised if some investors decided to invest in BTC prior to this event, as it could have really high % of success and we will see an approval. That will definetly be the sign of a new bull run and the end of crypto-winter.

Correct me, if I'm wrong but this is all I could gather and put together in the last few days. There is certainly a huge proapbility that everything of this is wrong and that it's just another pump&dump scheme.

What are your thoughts? Huh Post some news, articles or whatever you got and could propably get a bigger picture of what is happening.