Within the last week, bitcoin has seen strong upward price movement, rising by 19 percent. However, much of that increase was within the last hour, with a massive amount of purchasing activity pushing the price of BTC from $4,190 to $5,000 on Coinbase Pro, a 19 percent jump.
Within the last hour, several large green candles have pushed the price of bitcoin from $4,190 to $5,000. The source of the large purchases is unknown, though it is likely from one, or several, whales—spurring the rest of the market into action.
That said, some have raised concerns about price manipulation:
6% in under 15 minutes. No illegal market manipulation here, no sir.
— Bitfinex’ed (@Bitfinexed) April 2, 2019
Meanwhile, in combination with strong upward price movement, there are a growing number of people within Crypto Twitter that believe the indicators suggest the bear market could be coming to an end.
— The Crypto Dog📈 (@TheCryptoDog) April 1, 2019
However, with something as volatile, new, and unpredictable as bitcoin, it’s likely impossible to know whether the bullish trend will continue—but many are optimistic.
Update: Prices changed to reflect more recent price movement.