actually in my opinion the rise and fall of bitcoin doesn't need a reason. bitcoin is indeed like that it can rise quickly and fall abruptly. but in my opinion sometimes the bitcoin market can also be influenced by the news. if there is positive news about bitcoin then the price of bitcoin will tend to rise. conversely when bitcoin is attacked by negative news or FUD the price tends to go down. and news about the Chinese president who supports blockchain technology is making bitcoin prices go up. because most investors and bitcoin miners are from China.
News are so important in this market, we all rely on any news whether its negative or not especially the whales so a positive news like this can make a huge impact and thats why the sudden pumps happen. We are getting closer to our goal, which is to make more people knowledgeable about blockchain and China is a big place for that, we will go for more this year and more in next year.