Cryptocurrencies have witnessed a significant surge in acceptance in India ever since the lifting of the bank by the Supreme Court of India incentivizing business brokers in India to encourage trading activities. With economies and power-house for blockchain and Bitcoin, China advocating blockchain use, and Japan acknowledging trade via cryptocurrencies, the bullish return is likely expected to comeback after a period of sluggishness with BTC showing a -0.19% fall, Ethereum losing -0.19%, Tether witnessing a marginal increase of 0.04%, BCH riding along at +0.16% increase. The market stands somewhat like this today at the time of writing;
 | Bitcoin | BTC | 10,875.82 | -0.19% | $2,745,784,444 | $201,198,717,702 |
 | Ethereum | ETH | 349.6164 | -0.61% | $1,150,347,254 | $39,354,691,801 |
 | Tether | USDT | 1.000902 | +0.04% | $85,178,159 | $15,637,375,026 |
 | XRP | XRP | 0.250910 | -0.53% | $357,005,136 | $11,117,475,213 |
 | Bitcoin Cash | BCH | 233.9970 | +0.16% | $362,956,438 | $4,345,726,297 |
 | ChainLink | LINK | 9.521894 | +11.03% | $641,404,761 | $3,685,064,146 |
 | Binance Coin | BNB | 27.93395 | +4.25% | $268,076,999 | $3,574,012,364 |
 | Litecoin | LTC | 46.86100 | -0.93% | $234,601,108 | $3,124,706,547 |
| Bitcoin SV | BSV | 166.0507 | +2.83% | $82,565,950 | $3,077,836,397 | |
 | Cardano | ADA | 0.095537 | -0.87% | $97,694,200 | $2,831,983,148 |
| USD Coin | USDC | 1.001556 | unch | $43,144,683 | $2,818,861,047 | |
 | EOS | EOS | 2.596680 | -0.64% | $315,819,579 | $2,468,087,932 |
 | Tron | TRX | 0.025796 | +2.18% | $335,648,271 | $2,098,848,013 |
 | Monero | XMR | 109.6919 | -1.58% | $145,656,988 | $1,939,615,010 |
| Crypto.com Chain | CRO | 0.150128 | +2.57% | $49,583,198 | $1,598,711,612 | |
 | Stellar | XLM | 0.073717 | +0.91% | $80,149,720 | $1,535,474,868 |
 | Tezos | XTZ | 2.093674 | +2.83% | $44,145,256 | $1,346,030,754 |
 | NEO | NEO | 17.03890 | +0.23% | $116,046,649 | $1,231,243,316 |
| Cosmos | ATOM | 5.062482 | +7.83% | $59,504,463 | $1,207,534,457 | |
| Polkadot | DOT | 4.061943 | +10.27% | $117,284,824 | $1,194,320,956 | |
| LEO Token | LEO | 1.223085 | +1.92% | $729,000 | $1,193,859,872 | |
| Wrapped Bitcoin | WBTC | 10,907.51 | +3.09% | $18,572,307 | $1,038,263,607 | |
 | Huobi Token | HT | 4.623296 | +1.64% | $26,354,010 | $961,620,558 |
| Dai | DAI | 1.010602 | +0.18% | $2,807,032 | $925,582,254 | |
 | NEM | XEM | 0.118396 | +2.14% | $14,026,237 | $758,840,991 |
Nevertheless, it is going to be good days ahead for the BTC market, and the BTC price to INR will gradually increase with the anticipation that $10,900 per BTC to the dollar/INR is likely to follow in 2021. The sluggishness in the BTC is expected to continue until the breakout when the bullish market picks up, by that time BTC will reach US$11,800. Such updates have been carefully analyzed by the 9 & 20 days moving averages and investors are extremely confident of a bullish return in the Bitcoin prices by the start of 2021.
Why are Bitcoin Prices Expected to Rise in Coming Months?
Bitcoin has certainly seen significant volatility from the last 3 years, where it fell to $3,000, rose to US$20,000 then again fell down to an all-time three-year low at $8,000. But the sentiments have returned with more countries participating to advocate the use of Bitcoin as a legal tender. Japan has already done the same, it is most likely that the US and South Korea will soon follow in the footsteps of Japan further improving the market cap of Bitcoin. As per the Govt Capital report, at the end of 2021, Bitcoin’s bull run will speed-up to reach almost US$19,169.44 with the adoption expected to triple by 2022. By that time, BTC will be closed for the next halving for Bitcoin miners in 2024, where the prices would have risen to US$100,000.
