Re: With Bitcoin 33% higher, did technical analysis cause the move?
What does that question even mean? Technical analysis is something that's used to evaluate and analyze the markets to potentially make better trades. How can something that's not even an event/incident nor an entity cause a price movement?
I was thinking about the same thing. To be a cause something needs to directly affect the increasing price of Bitcoin, and technical analysis is clearly not doing that. However, I think one can mean some indirect causation here as well. Technical analysis can predict that Bitcoin will rise, people can read the info about this analysis and run to buy some bitcoins because of the FOMO. I don't think this is what happened, though. Honestly, I am not even sure what the op means by Bitcoin being 33% higher, because the current price movements are rather insignificant and unsurprising.