Quote from: EdvinZ on October 27, 2019, 06:15:06 AM

Bitcoin is definitely affected by news that affects the blockchain technology industry in one way or another. We can safely assume that the current growth of Bitcoin was associated with the statements of the President of China on the introduction of blockchain technology in the infrastructure of this country. Of course there is a difference between the concept of Bitcoin and blockchain technology, but the mere fact that Bitcoin is simply based on blockchain technology has given the market a huge bullish leap.

China adopts blockchain technology has nothing to do with the latest pump. Chinese people even find it difficult to trade bitcoin.
The recent price surge mostly caused by whales, probably institutional investors buy the dip and stockpiling bitcoin into their stash.
as we're approaching the end of the year and bitcoin halving might give a boost to investors, although there will be chances for whales to dump their coins again before halving take place.