Why is BTC on the rise. There are many new investors opening new wallets address (according to whale alert on twitter) and BTC fund entering into those wallets. However we never know what direction the market will go, but we are seeing higher highs and higher lows, as BTC moves slowly away from the 45/9k level.
Using the fibinacci indicator on a 4 hour chart . I believe we are at the floor and we should be trending upwards.