What Can Pump The Price Of Bitcoin In The Near Future?

The corrective rally began on the evening of July 17th.
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What started as a big push saw many major digital assets spiking by large margins. Bitcoin and EOS were the best performing cryptocurrencies, rising by nearly 10% in a short period of time.

Bloomberg posted an exclusive as Coinbase allowed for popular crypto exchanges to list coins. “Coinbase Inc., one of the most popular cryptocurrency platforms, said it got the green light from U.S. watchdogs to move forward with a trio of acquisitions that will allow it to become one of the first federally regulated venues for trading digital coins deemed to be securities.”

Aside from all that, the continuous rise of Bitcoin’s price has made global investors wanting to shield their own currencies which have been deflating. But general public who might be suspicious about the safety of their money being upheld by the central banks, got remarkably interested to bitcoin because of its nature to be less influenced by any state’s economy.

With a currency like this which requires no regulation and is pretty safe from inflation and crisis on the stock market, it is clear that warnings would emerge, some even calling it a fraud or scam, applying to the fact that there is nothing in the world that could possibly be “so safe” implying on the concerns of others who say that bitcoin is just a bubble waiting to burst.

Some analysts predict a bullish forecast over the next couple of days and weeks for Bitcoin. However, a major sell-off of the largest cryptocurrency by market cap could indicate an opposite direction – despite the potential increase in volume.