It is the second time I noticed that. It also happened last month. We cannot be sure if someone is buying more coins or somebody is trying to pump the coins. If it is a real demand for bitcoin then it is a real score but if it is just an attempt to raise bitcoins value and laying out a trap for people to buy more then it is worthless. So let us be careful in making decisions we do not know if it is a trap or it is a real increase in value.

Its a good news for us then? So is this the time to sell our bitcoin to gain profit or just hold onto it again? By the way, as for me, I'm very happy seeing bitcoin rising up again for today

Many prediction points that bitcoin will really pick up because its has hit double bottom at $6500. And we will also noticed that in the last few days, bitcoin price is somewhat stalled. Maybe investors are just consolidating and waiting behind.

But now they suddenly pours cash pushing the price to $8K, but suddenly its just above $7600 because daily traders are now starting to do their thing. But this is a good sign though that this bearish market will be coming to an end.

I think we are back in green and this is a good news for the bitcoin investors. And we can expect to see more of this in the third and fourth quarter of this year. And next year, coins will be a lot bigger than the previous year.

I am also so curious about the sudden rise of Bitcoin price. Have not found any big news. Interesting. Maybe there is some coming good news, but normal investors are not yet able to know about it.

Generally, people who attempt to use technical analysis terms to analyse short-term Bitcoin prices are somewhere on "Mount Stupid" with the Dunning-Kruger effect.  They know some terminology, but negate how much analysis the more experienced investors actually tend to use.

When a serious investor attempts technical analysis on a stock, they spend hours contemplating their next move, and that involves analysis of many different, conflicting signals.  You can't look at one signal and use it as the justification for a price move.

Really, I doubt there's any decent reason for the increase apart from more speculation.

This is really exciting to see how the price has jumped quickly to such high levels. But I am pretty sure that this will not last for longer as such spikes has been reported over the time and cant really stand the resistance for longer period of time.

I mean just imagine how many people might be dumping their BTC to gain the huge profits. Obviously this will cause the volume to go down again by imbalance between the buyer and seller walls. For sure this will last few hours and will dump to below 11% sooner.

But I am really excited to see a miracle today and hoping that the prices will jump to ATH.

The news is that there was a record number of shorts in place as of this morning.  When a one hour candle jumps like that, lets be real guys, this is NOT a change of entire market sentiment, it is manipulation by a small number of players.  My guess is those players are Bitfinex, or any of the other exchanges sitting on the other side of leveraged shorts.  This $1000 jump merely forces all leveraged shorts out of their position, profits the exchanges that provided leverage, and now that lots of those positions were stopped out, the price can fall again.

a bull trap is when price rises up slowly and then starts struggling at the end of the rise. which should have taken at least a day to get to that point not in one hour only.

this is only a rise which is happening like this because of FOMO buying. in the past couple of days that price was stable nobody knew which way it is going to go so they stayed away. and as soon as price showed signs of rise they jumped in hence the huge rise.