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.
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Bitcoin surge: multiple factors contributing to the rally?What factors make Bitcoin rise again? Will it continue to rise?
There are many technical and fundamental factors by which we can say that Bitcoin may rise and that includes like Political events or any kind of major announcements that directly or indirectly related to the cryptocurrency market. Apart from these factors, there are also technical factors or you can technical setups like Accumulation zone, and the start of the rally setups with increasing volume which indicates the rise of bitcoin again.