Determining whether or not the cryptocurrency market momentum has turned around, is always very difficult. In the case of Bitcoin, the market can easily swing in either direction without too many problems. Finding bullish signals is pretty difficult right now, although Mark Dow closing his “epic short” is perhaps the telltale sign this industry needs. As such, it seems there is a good chance the Bitcoin price will continue to rise.
There are many potential factors which can easily influence the Bitcoin price for better or worse. Although conducting thorough technical analysis will usually give traders and speculators a basic idea of what is yet to come, there are always times when even those people are taken by surprise completely. That is both exciting and extremely frightening, as it further goes to show there is no genuine way of analyzing the Bitcoin price.