Where is all this bullishness coming from?
A question like this one implies that we cannot read charts. It might imply that we do not have a macro view of the market. Such a question can mean that we are blind as to what is happening all around us.
Where is all this bullishness coming from?
Ok... It will be my pleasure to answer.
Bitcoin just hit the highest level in more than 17 months, it is more than 100% green YTD.
Thousands of Altcoins are moving up, 2-3 digits growth in a matter of days.
On the other hand, a set of Altcoins recently hit new all time lows, and only from a bottom can things grow.
You need to be a children in order to be able to become an adult. In Cryptocurrency, a trading pair must be down in order to go up.
The bullishness comes from the market, the sentiment, the cycle, adoption, acceptance, evolution, change, the charts.
It might be too early for some but for many people it is already old news... The bear market is old news, the bullish wave is already on.
The bullishness is coming from everywhere... The DXY, Gold and Bitcoin, these are the main indicators, everything is pointing up. It is already happening...
Just look at the chart.