Bitcoin Prices are Back Burning

[Ayiranorea]

Bitcoin price seems to be a fluctuating asset, and now the price back firing is due to the market scenario with the bitcoin dominance and the stability for the price to get pumped to reach a bigger price barrier. Possibly, price of bitcoin can be expected to reach ₹8500 at the shortest by August.

[syarifudin]

probably because the world gold price is rising. The price of gold in the world (not only in Indonesia) is affected by demand and supply.

In addition to demand and supply there are several factors that make up the price of gold, such as the interests to protect the value (hedging), the price of gold trading contracts and so forth.

If you are people who are already accustomed to investing in gold, then you see the price of gold changes every day.

[miyaka26]

What makes the bitcoin price high? given by the past bloodbaths and corrections you may see why there's a price decline and rise given that we have some potential and influential news and events that may affect the bitcoin or the altcoins, the present one is the famous bitcoin ETF request of approval from SEC by Winklevoss twins, a lot of people takes the advantage of riding some upcoming news or rumors to profit and make some positions.

[Bezobraznike]

   In many articles in here on forum I constantly see:
-"Pressure on price"
   What that means:
-"In this case there is an excess supply, with the quantity supplied exceeding that demanded. This will tend to put downward pressure on the price to make
it return to equilibrium. Likewise where the price is below the equilibrium point there is a shortage in supply leading to an increase in prices back to equilibrium."
   When people speak about this pressure it`s something that`s happening on the market, supply or demand are growing.
Why they grow, is that natural or manipulation depends from many factors.
   In long-run prices will grow. Demand must go up if world is adopting crypto-currencies, and that`s happening already. Short
up&downs are normal, sometimes natural, sometime whales manipulate with price.

[maxamus]

Bitcoin price seems to be a fluctuating asset, and now the price back firing is due to the market scenario with the bitcoin dominance and the stability for the price to get pumped to reach a bigger price barrier. Possibly, price of bitcoin can be expected to reach ₹8500 at the shortest by August.

Did you mean $8500? Yes this dump was normal and those who are into this domain from long time already knew about the current price dump which we are going through, but this is not the end as we are heading towards the most awaited period of the year which is bullrun and we need to have patience to see this red marks turning into thick green.

[bohr]

The most popular digital currency Bitcoin has faced tremendous pressure in the past two months because of its holder selling. The price continues to under US $ 6,000 / BTC. But in the last week the price of Bitcoin back heated up so that the price back rally through US $ 8.000 / BTC. Guess what makes bitcoin prices high again?

There is not a need to guess, we know why the price of bitcoin is behaving this way, the SEC is once again considering an ETF and people are excited about it and this is why the price went up, it is not really complicated but even if we get a positive decision the price is not going to reach the previous all time high, we need more than that and the LN could be exactly what we need.

[andohyeb]

Bitcoin price can be attributed to the recent positive news of Exchange Traded Fund regulations and the endorsement of bitcoins use by some countries and corporate societies.

[IggySe7ven]

In my opinion, i think that the prices might easily be touching more than $10000 at the end of the year, but it is a very long process, there are still 5 months left until we can see some movement

[Ikay]

Because many users are still going to believe of bitcoin and they spread the positive about it so definitely investors will curious about it and many will come and invest because of positive outcome they receive in other old investors in bitcoin.

[richminded]

Because many users are still going to believe of bitcoin and they spread the positive about it so definitely investors will curious about it and many will come and invest because of positive outcome they receive in other old investors in bitcoin.

Bitcoin will not remain on a dump position so this is why we see the price comes back from the $8k level and of course because of the news about ETF. Now we are seeing bitcoin lower than $8k again maybe because of the ETF delayed but I kno this will not last for months.