What factors make Bitcoin rise again?

[James Fleming]

The price of bitcoin is derivate from many factors, the one that comes from my mind are:

Fight between stakeholders about the Bitcoin scaling issue
A Huge volume of transactions on trading exchanges
Geopolitical events and corrupted governments
Bitcoin is limited in numbers and more people are eager to get a piece of the pie, this increase the rarity of this cryptocurrency.

[swabelang]

Factors that make bitcoin rise again is more buyers, so that bitcoin will rise. maybe sometimes just wait for the time until the value of bitcoin will rise like what happen last December in which the value of bitcoin became high.

[MRY]

probably the most influential factor and can make bitcoin prices rise is by the number of investors or demand to buy and invest in bicoin so that bitcoin prices will rise again and many are looking for bitcoin

[kesmex]

the factor that can make bitcoin bounce back is, more purchases than sales and positive news, so when bitcoin decreases, it's better to hold it, because it will help the bitcoin not to fall lower.

[Ilegendph]

Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains.
The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.

Link: Bitcoin surge: multiple factors contributing to the rally?

What factors make Bitcoin rise again? Will it continue to rise?

it is no longer a secret anymore if at the end of each year bitcoin always rise in price. Maybe this year will start in August, and because already many people know this then people will compete to buy bitcoin at the cheapest price in this month to get the benefits later. Look at it later, but that does not mean the price will always go up, of course to reach ATH requires several times the correction.

Its just a mere speculation. There is no solid proof that will make its price every end of the year aside from chart. I believe that this is cause by news about speculations. Last year of August, bitcoin price goes up because of the fork coming and there is no news something like this that could make its price soar this upcoming August.

[St4yInTh3D4rk]

More buyers. Bitcoin price goes up.

More sellers. Bitcoin price falls.

do you think only the volume of purchases and sales volume that could affect the volatility of bitcoin?

I think your comment does not match the condition of bitcoin today. topic makers ask about more specific, why today bitcoin rises?

if you see, that today there is no FUD, no panic, no hacking exchange, and a lot of support from some big investors.

Accept it or not,only the volume of purchase changes the prices of the crypto currencies.From your statement no FUD,no panic and lot of positive news about the crypto currency causes the prices to increase which literally means more people bought the bitcoin.But the fact is it it occurred naturally or some whale intrude into it.

[Napole0n]

The biggest factor affecting bitcoin prices is demand and stock, this is because pure bitcoin embraces a decentralized system so no one can control, if demand increases then automatically the price will rise, whereas if the price drops when stock is too much and demand decreases.

[mathtoughfat]

Best way is for investors to come and guarantee of bitcoin will move up. Proper advertisement and government to support it. With the government supporting it for sure investors will have trust with bitcoin and market will recover for crypto currency. I have mentioned that proper advertisement will also help since in some countries bitcoin had a rough start and the introduction of it was badly ruined specially it's reputation because of scammers.

[Lalapo08]

I think the most influential factor for bitcoin prices to rise again is the increased public confidence in the crypto currency. When public confidence rises, more and more people are active in the crypto currency market. Supply and demand for bitcoin will be more crowded so that the price is happening more stable. If the market is more active and crowded then more and more people are interested in crypto currency especially when we have proven to profit significantly through our bitcoin.

[Wilfrer]

I think there are many reasons for the price increase of Bitcoin, which includes buying whales and raising prices. Besides, I think the time has come for Bitcoin to grow again and will continue to grow in the future

[rumexx]

Whatever is responsible for this sharp rise should  be sustained and continue to rise. Bitcoin has been down for the past 6 weeks which is not too good. I believe one of the reasons why bitcoin is now rallying is the Germany government  policy and accepting cryptocurrency.

[abiola4real]

Bitcoin cant be predicted now because of many manipulation by whales, its very easy to predict then when denand makes the price of bitcoin to rise.

[pushups44]

There has been a lot of fear-mongering in the media, associating bitcoin with criminals and emphasizing hacks. However the technology continues to progress, and sooner or later the bull market will resume. I believe the approval of a bitcoin ETF may be a catalyst in the market for another bull run.

[Lazada]

Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains.
The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.

Link: Bitcoin surge: multiple factors contributing to the rally?

What factors make Bitcoin rise again? Will it continue to rise?

Many factors influence the current increase in Bitcoin prices. One of the most influential factors is the increased trust in Bitcoin.
Bitcoin has now gained confidence, after many people have experienced panic when the price of Bitcoin declines.
In addition, a price manipulation conducted by several large groups would greatly affect the price movement.

[Ekimzjames20]

Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains.
The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.

Link: Bitcoin surge: multiple factors contributing to the rally?

What factors make Bitcoin rise again? Will it continue to rise?

It is probably because there are more investors and more bitcoin can circulate in the market, it is like in economics where as if the thing is popular or more people will buy it, it will be at its price peak. And it is what is going on to bitcoin as of this moment. But not really on its peak it is only starting to riss again. Bitcoin will surely increase as time passes by.

I think one factor that make bitcoin rise is when the demand in our market is getting higher. If many investor want to invest or buy bitcoin. And it is not far to happen because as of now bitcoin is so popular.

[Noilee]

there may be new investors who buy bitoin in large quantities that affect supply and demand that will automatically impact on bitcoin price increase, is now starting to return many investors are looking at bitcoin to invest because already many countries accept bitcoin

Maybe there are more investors are go invested in bitcoin especially now that they can afford to buy at the lowest price, and the affect is bitcoin price will rise again. There are also other countries are already legalize or regulate bitcoin, so bitcoin is already indemand, i think this is the factors that bitcoin rise again.

[Alexmagn84]

Definitely will rise soon,is the lower price like this many investor and holder. Because lower price can be makes us good profit. But now have to bitcoin lower price everyday and running long days.I think lower price hope  soon end then quickly got it higher price.

[ShakingCoin]

Generally the market of crypto currency as well as any investment markets is affected by demand and supply in the market. Recently the demand of the bitcoin has increased and the supply is also limited which has made the price of the bitcoin to rise.

[alex M]

for me the factor behind the bitcoin rise is the legality of this coin if countries allow bitcoin in the Africa  Asia and Europe fully allow bitcoin the price will boom and bitcoin will rise at record level.

The factors that primarily make bitcoin rise is the increase in demand. And this can't be actually realized if adopters and investors will decrease. If many businesses will accept bitcoin and used as a way of payment, demands will get high in the market. And with limited supply of bitcoin, the price will then rise up continuously.

[Otsu]

Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains.
The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.

Link: Bitcoin surge: multiple factors contributing to the rally?

What factors make Bitcoin rise again? Will it continue to rise?

Probably, the main factors that affect the price of bitcoin to rise again is, there are more people who have invested on it. Usually when there is a demand, the price will gets high. And if more people will continue to buy this, I'm sure it will also continue to increased.