There are number of factors that will help bitcoin rise again.

1. Retail investor confidence in India is dependent on RBI v/s crypto exchange case in supreme court- where the final hearing is on Sep 11, 2018.

2. ETF can be a good factor and if SEC approves the ETF by CBOE on Aaugust 10th, then sometime by early next year - first bitcoin ETF will go live..This will increase the institutional investors confidence.

3. Custody solution recently launched by COinbase will also attract money from institutional investors

4. More and more companies like Square Cash, Telegram, Samsung, etc getting into the crypto space will eventually motivate / inspire the remaining merchants which will drive the merchant adoption up !