Reasons why could see a big move higher in cryptocurrency prices over the next few weeks:
The price and charts:
- People say that the Bitcoin bubble must pop and crash to a few hundred dollars. I believe the bubble has popped, recovered and ready for a move higher as show in the pictures below.
- With the price jump the other day, it gives a positive attitude to crypto and shows that people are buying: https://cointelegraph.com/…/bitcoins-price-jumps-1000-in-30…
- With the influx of people over December, transfers fees increased a lot and now have dropped because of Segwit and Lightning network: http://bitcoinist.com/50-bitcoin-transactions-fees-long-go…/
- The exchanges couldn't keep up with the volume, see my video on this I made in January:
That problem is fixed now.
News and feel of the market:
- There is more and more positive news and announcements coming out for crypto in general and individual projects:
Legal and permitted in more and more nations: https://www.independent.co.uk/…/bitcoin-islamic-law-muslims… - HUGE investors are getting into cryptocurrency and blockchain: https://www.zerohedge.com/…/rockefeller-familys-3bn-vc-fund…
- Tax day is over so people can start investing into crypto again and forget about tax untill next year: https://www.cnbc.com/…/tax-selling-is-behind-bitcoin-declin…
- I was also at the Blockchain Africa Conference in March and there is a lot of innovation coming!
There is a whole lot more going on behind the scenes and crypto is not over! Just hodl and the dips.
Crypto the moon!!
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