What factors make Bitcoin rise again?

[piterpie]

More buyers. Bitcoin price goes up.

More sellers. Bitcoin price falls.

I agree with your opinion. The simplest reason is supply and demand. If the demand is high, but the supply is low then surely the price will increase. And when the demand is low, the price will be lower

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[Driggers95]

The most accurate reason is that investors return to invest in the market when the 2018 world cup ends. Most of the big investors went to Russia to see the biggest football tournament in the world. So they sold Bitcoin in exchange for cash, and now they are back

[Bolivar_Tony]

I think there is more news about whether Bitcoin countries are adopting more or some of the world's billionaires are investing in Bitcoin in the past few days. Whatever the reason, when prices rise, everyone is happy

[Kertmu]

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?

In my opinion, the only and uncontested growth factor of Bitcoin is the profit of investors and fixing it on the stock exchange by selling Bitcoin.

[Chacon994]

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?

The only reason is the market trend. Many rich people in the world are intending to invest in Bitcoin. If I remember correctly, I read some news about the French billionaire buying over 1000 BTC over the past few days.

[Alex31207]

When the market grew, no one looked at the charts.There was a huge hype.Everyone just bought.Now people have become smarter and began to study the market.Now there was an impulse of the price because of the purchase of one large investor

[MilesTZv]

Price is determined by demand. Recently, there are many positive factors in the market. I think new capital has entered the market and pushed up prices.

[Genamant]

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?

When people are in buy mode then prices will go up. Some big positive news can also help. But mostly is the buying and selling of bitcoin that prices go up and down. That is why it is better to hold unless you really need to sell by

[Dod Ong]

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?

The number one factor that can bitcoin rise again is the demand of the bitcoin. I think if the demand of bitcoin, it can help the bitcoin to rise again and recover from the fall. Also if the bitcoin increases it's demand the bitcoin price will be also increases and it is the chance of the bitcoin users to earn more money.

[newinbtc]

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?

bitcoin price up and down is normal. if more people are interested to buy bitcoin or any positive news come regarding crypto. this factor effects to increase bitcoin price . Coindesk states that it can reach 8000$ also within a month in this post - https://www.coindesk.com/bitcoin-prepares-to-test-8k-after-bull-breather/

here are some factors that effects bitcoin price as per this website - https://www.businessinsider.in/Some-of-bitcoins-biggest-traders-are-teaming-up-to-lure-Wall-Street-money-to-crypto/articleshow/65057635.cms

• TrueDigital has teamed up with some of the largest crypto firms to launched two crypto price indices for bitcoin and ether, the company announced Thursday.
  Sunil Hirani said it could lure in big institutional money to crypto.

other secret factors - some big players come to market for trading.

If people feel panic price of bitcoin may decreased also. That stage is panic selling like last few months with bitcoin price

[vagsun]

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?

The current Bitcoin rise is mainly due to the news that the biggest ETF authorised participants is planning to launch Bitcoin ETF. The news has given a wave of speculation to current btc price and it is accordingly growing.

[riosakamoto]

bitcoin price rose up by 12% in less than an hour on Tuesday to reach over 7k $, I can't believe this is simply for more demands on BTC or because we are close to the end of the year as some other members said which is completely wrong, maybe it's due to Charlee Lee tweet where he advised to try to own 1 BTC before buying any other coin, having 785k followers, he can do it.

[Goodday]

The factor of investor confidence is I think bitcoin bounces back and the second factor is Bitcoin Prices are influenced and controlled by buyers and rumors circulate when issues or good news about Bitcoin of course this will affect the rise in bitcon prices.

[TravelMug]

There is a news about the application of CBOE of bitcoin ETF, that drove the price in the last couple of days.

https://cryptovest.com/news/possible-bitcoin-etf-raises-market-hopes-as-us-sec-opens-public-discussion-for-cboe-fund-license/

So the speculators are back on the bitcoin ecosystem but it looks like that ETF might be approved. Remember I say it might because it looks like CBOE has the right ingredients so there's a chance that comes August the price could continue to go up. So other's FOMO, jump on the bandwagon as early as 2 days ago, resulting on the price reversal from $6k to more than $7k now.

[bitterguy28]

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?

For sure the demands are increasing and there a lot of positive news from bitcoin last few weeks there are Continuously some country adopt bitcoin as legal tender in the latest news and some business establishment accept bitcoin as payment.

[jennygamilo]

More bitcoin buyers then more users more popular

[adpinbr]

The factors that make bitcoin rise again is the number of users it has and the massive popularity it gains because of these users and the times that the users continue the legacy by posting and keeping bitcoin alive.

[Destofe]

First is the scaling debate has been a long-standing hurdle for Bitcoin growth. The decentralised nature of bitcoin, which naturally is one of its most appealing qualities, presents some challenges when it comes to governance of remedial action. In an ecosystem where no single entity can dictate changes to the framework, a majority consensus must be reached.Then the Economic and Political Uncertainty where One of Bitcoin’s undeniable drivers of growth are citizens who have lost confidence in their country’s ability to maintain sound economic and political policies, and desperately seek to establish their own sense of financial freedom outside the manipulation of governments. Finally is the Financial institutions, who are historically wary about Bitcoin are increasingly showing signs of interest in the digital asset. When compared to the performance of stock markets and fiat currencies, combined with more and more regulatory structure coming into place, it is unsurprising that institutional money has started flow into the crypto-economy.

[ansdb]

any positive news make the bitcoin price goes up, because many buyers go and buy bitcoin as an opportunity investement for them

[suemendez25]

I think the confidence of people to bitcoin is what it makes its value rise. More buyers more value.