When will bitcoin go up

Disclaimer: Any financial and crypto market information given on Analytics Insight is written for informational purpose only and is not an investment advice. Conduct your own research by contacting financial experts before making any investment decisions. How far will bitcoin go up There are many factors that condition the high volatility of Bitcoin´s price. Similarly to what happens with common assets and the currency pairs in the foreign exchange market, the increasing or decreasing interest of the public raises and/or lowers its market price. However, it also has certain specificities such as the absence of current regulation or pressure from governments. This keeps its value in constant movement, that the individual investor should frequently confront with the Bitcoin technical analysis.

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them. What will Bitcoin be worth in 2025? To date, the SEC has refused to approve a spot Bitcoin ETF, despite numerous applicants including Cathie Wood’s ARK and 21Shares which has filed for approval three times. Another company that was denied a Bitcoin ETF is Grayscale. After the rejection, the company took the SEC to the appeals court to argue for the soundness of Bitcoin futures.

Before we get too deep into technicals, let’s take a quick look at miners, who are essentially the backbone of the Bitcoin network. Due to the crypto winter, miners have already suffered two major capitulations – the first one extended from June to August, and the second one started in late November and is still ongoing. Bitcoin Soars Past $30,000. Why Prices Could Keep Going Up. Furthermore, there is a cap on just how many coins can be in circulation. As of now, that number is 19 399 675 with a maximum of21 million. After that point, mining will no longer generate new coins. Once that cap is reached, there will be no new coins, meaning the price can go up or down, depending on how much demand there is and how the competition handles it.

Editor's note: This article was first published in September 2020, and was updated in March 2021 to reflect Bitcoin's rising price and the influx of institutional investors. Could Bitcoin Ever Go To Zero? How does the market feel about Bitcoin today?