Several reasons for the further growth of Bitcoin.

This year, several fundamental factors have led to a sharp increase Bitcoin course. One of the main factors was the instability of the economic situation in China. The referendum in the UK, Brexit, also led to higher prices for cryptocurrency.
However, there are other factors that can give an extra push cryptocurrency up. According to an article in Forbes, the number of transactions with Bitcoin could triple by the end of 2016.
Forbes leads the study of the British company Juniper Research, which specializes in identifying and evaluating with strong liquidity and market sectors, as studies show, "the total amount of transactions with Bitcoin will exceed $ 92 billion this year."
Trump, Brexit and other global risks

BBC reports that according to the report of Economist Intelligence Unit, Donald Trump when he takes over as US president could "undermine the global economy and increase political risks in the United States.
"His victory will bring much greater risks than England, which leaves the European Union, or an armed conflict in the South China Sea."
Economic Intelligence Unit uses a risk scale of 1 to 25, and Trump, if he is elected US president, receives a rating of 12, which is the destructive force is the same as the risk of terrorism to destabilize the global economy.
The participation of Japan and South America

Recently there has been growing interest in Bitcoin from Japanese and South American markets. In addition Coinbase, which has found its way into the Japanese market in partnership with one of the largest banks in the country, 24-hour trading volume in Japan at Bitflyer Exchange exceeded the volumes Bitfinex and other exchanges.
In South America, the launch Colbitex exchange in Colombia, growing inflation and the crisis in Venezuela, as well as the increasing use of cryptocurrency in Brazil, are the factors that have created the popularity of Bitcoin in the region.
The effect of the Swiss Vontobel

Swiss bank Vontobel offers investors sell BTC / USD pair as a classic tracker certificate (SSPA: 1300), which offers investors an easy way to invest in Bitcoin, which is likely also pushed up tsene.
The bank gives investors the opportunity to trade Vontobel certificates on the secondary market on SIX Swiss Exchange. This event will be a good addition to the Bitcoin ecosystem, especially in view of the bank reach 22 international jurisdictions and its credibility as one of the best in the identification and analysis of trends, and then create innovative strategies and investment products.
Deflationary cryptocurrency against inflationary fiat

Bitcoin is considered to be a deflationary currency and passes Halving awards every four years. This reduces the amount of extracted twice Bitcoins, thereby reducing the offer of coins in the system.
Eric Grill, CEO Coinoutlet, says:
"There is a limited supply of Bitcoins, and more recently the proposal is reduced, while demand continues to grow. Bitcoin is usually traded against currencies that continue to be published, which increases the value of Bitcoin in relation to these currencies."
Charts suggest strong growth

MarketWatch recently reported that 2016 was a strong year for Bitcoins, and cryptocurrency rose to two-year high. The technical picture that emerges on the charts was analyzed by stock analysts. They claimed that the price of Bitcoin could rise even higher.
This model is known as the "flag" or "pennant", and can be seen in the chart below:

Marketwatch cites studies Jonathan Krinski, chief technical analyst at MKM, and states that the market is going to renew the long-term upward trend after a period of consolidation. According to technical analysis, for further strong growth of Bitcoin is necessary that the price again to $ 775 - $ 780. This price level was already shown on June 19 before the referendum in the UK.
Will the price to reach $ 775-780 levels again? Given the strong uncertainty in the global economy, reducing ndobychi Bitcoin and other technical factors, with high probability we can expect another jump Bitcoins. Currently, all the fundamental data cryptocurrency contribute to the growth and if Bitcoin Core developers fulfill their technical problems, long-term growth rate Bitcoin will become a reality.