This morning Bitcoin was trading at $6855 and out of nowhere shoots to 8113.06 in a half an hour. At the time of this writing the price has pulled back to $7635.05. You will also notice that the Alt coins moved as well.
This looks a lot like someone testing the market and seeing how it reacts to a sudden jump. With everything and everyone I have been talking about this week looking into crypto, I believe this is a test run to see how the market reacts. I have nothing to back that up of coarse but just calling it a hunch. After all, if I had billions and billions to invest I would want to have as much information as possible to maximize my investment.
Just like all of you, I want the markets to go up and enjoy the benefits but for them to spike that quickly makes me wonder just like everyone else… what or who caused it and why. Hopefully this will be a sign of profits for everyone as we begin the summer climb in bitcoin. I still believe April 17 will be a day to look out for as the American tax day goes by hopefully a bunch of money jumps in the market.
