2017 was a year of utmost importance for Bitcoin and the rest of the cryptocurrencies. The exponential growth of its price brought a level of interest in these technologies never seen before.
However, it could be said that such great interest came with a great immaturity. Many invested merely attracted by a price that did not seem to fall, and precisely after the inauguration of the first significant futures markets, the trend reversed, and the cryptocurrencies fell almost as hard as they rose.
“We do not anticipate another wild bull run on bitcoin such as the one that happened in 2017 …
If the bitcoin price has bottomed at around $3,000 and assuming it’s in the bull market, the price will only go up gradually.”
The crypto market is going through some pretty good times. After this week’s bull run, BTC went from 3.6k to over 4k, a critical resistance that could mark the beginning of a bullish trend.
However, much time has passed since the last bull run until now, and ever since 201, the market has matured a lot, and the technology has evolved considerably, even changing the way investors and the community see things.
Bullish sentiment seems to be common among prominent analysts and personalities in the world of cryptocurrencies. As reported by Ethereum World News, the most popular analysts from Tradingview seem to agree that it is possible that a trend reversal is taking place leading to significant price increases for Bitcoin (and the rest of the cryptocurrencies).