Bull Market? — Reasons to believe in it

In the last few days Bitcoin rose 38 percent and absolutely destroyed all resistances rather than just breaking them.

The price is constantly making new highs and thousand of other reasons that indicate that the Bitcoin Price and the cryptocurrencies in general could be about to climb to unseen heights since the beginning of 2018.

Technical, sentiment and even fundamental indicators haven’t suggested such a high degree bullish potential for the crypto market since the golden days back in 2017. A large variety of crypto-traders, sentiment indicators and fundamental aspects, such as Bitcoin hash rates and the supply that are being halved, are pointing to a new Bull Market for cryptocurrencies.

I have highlighted three different reasons to believe in a potential bullish market. But, how are they going to affect the cryptocurrency prices? Are these reasons solid and sound enough to believe in them? Well, there is only one way to be sure of it: stand still with fiat money in your wallet while the market can be going up. However, the following bullets points might help you anticipate these price movements:

Technical analysis

After the recent BTC pumps, a very significant part of the indicators that you can use in Cryptohopper have been signaling buys. Does this mean…