Despite what you see in the market right now, some financial experts are still saying a crypto bull run is right around the corner. But these aren’t your typical “armchair analysts.” This time, it’s Bloomberg calling the shots and they have science to back their claims up.
BLOOMBERG USES INDICATOR TO PREDICT CRYPTO BULL RUN
2018 was a rough year for the crypto industry but the beginning of 2019 looks like there might be a light at the end of this long, cold and dark tunnel. Yet, is it all just market buzz and internet hype like before? Not this time. Even the experts are saying a crypto bull run is coming soon. Take the GTI Vera Convergence Divergence indicator for example.
In the past, this has been used to highlight buy signals. Furthermore, it’s never been wrong. Last time this indicator showed some positive signals, Bitcoin had a month-long rally.
BLOOMBERG SAYS BITCOIN WILL SPARK CRYPTO BULL RUN
Using similar tools, Bloomberg’s Galaxy Crypto Index is also saying Bitcoin is on a run. As we’ve seen in the past, when Bitcoin goes on a run, so does the market. But even if you don’t see these results in the crypto prices, there is plenty of action going on behind the scenes.
eToro’s Mati Greenspan stated that “I’m seeing an industry that is growing at a very rapid pace…companies that are involved in Bitcoin and blockchain hiring at a rapid rate. We see new projects coming online.” This is a clear indicator that more people are getting involved in this industry and building something substantial.
BLOOMBERG SAYS ETHEREUM BIG NAME TO WATCH FOR CRYPTO BULL RUN
Bitcoin has always been the “gold standard” of the cryptocurrency agency, but don’t forget about Ethereum. In 2019, it’s actually been ETH and not BTC that’s led the rally. This is all due to the upcoming Constantinople hard fork that seeks to change their protocol from PoW to PoS. Will we see a valiant rise as we did in 2017? That’s highly unlikely. Instead, the next bull run will be a slow and steady process. But it’s never too early to start preparing.
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Cryptocurrency is something imperative and necessary.