Crypto Market ‘Bullish’ in Wake of Bitcoin’s 20% Surge

[cybersofts]

Cryptocurrency prime dealer SFOX released its monthly volatility report this week, and while it is not all plain sailing for the crypto market the indicator clearly affirms that this week’s massive Bitcoin price rally was built on a firm foundation.


SFOX: Low Volatility and Rising Investment Bolster Crypto’s Bull Case


The crypto market remains “mildly bullish” heading into April. | Source: SFOX

According to SFOX, the crypto market remained “mildly bullish” heading into April. In March, the main fundamentals were low volatility and increasing investment. Similar to February’s report, SFOX was encouraged by the continuing investment in cryptocurrency infrastructure despite Bitcoin’s sideways trend.

    “At the same time that crypto volatility was decreasing, reports told of major companies like Visa and Facebook investing in crypto technologies. This reinforces the narrative that the industry as a whole is continuing to mature, attracting the attention of more institutions as infrastructure improves.”

Maturity is a big deal for an asset class that wants to become a widespread medium of exchange. Of the two corporations mentioned, the involvement of Visa is possibly the most interesting. Naturally, they have the most to lose from not evolving to the threat from Bitcoin. If Visa sees applications for cryptocurrency, this is a tremendous affirmation of the “usefulness” case argument.


Reference: https://www.ccn.com/crypto-market-bullish-in-wake-of-bitcoins-20-surge

[gowobonyok]

this is the beginning of q2 this year and the bitcoin value shows a significant increase of 20%. this is a good start and if it can continue to q3, it is not impossible that the end of the year will exceed the end of 2017.

[boyptc]

It is true that companies Visa and facebook are investing to blockchain, it is a technology used by crypto but they can used it as stand alone.

But it doesn't mean that if they invest to blockchain, they'll automatically invest to crypto, it's their call if they would do that.

[Adriano2010]

Looks like more news i read that bitcoin will hit 50,000$, but we can't be sure of nothing and to reach 50,000 will take a lot of time, and maybe this is just an exagerated prediction, but i really want to see that price for bitcoin if possible.

This is the site where i read the news
https://oracletimes.com/bitcoin-btc-to-surge-to-50000-due-to-a-parabolic-bull-run-says-expert-who-predicted-the-2018-btc-fall/

[playboy654]

It seems like bullish from the recent days so the possibility of getting the increment from Bitcoin is available right now but I don't know about the current situation if it was stable for again some time there will be a few chances to be a good year for the Bitcoin.

[Che454010]

Cryptocurrency prime dealer SFOX released its monthly volatility report this week, and while it is not all plain sailing for the crypto market the indicator clearly affirms that this week’s massive Bitcoin price rally was built on a firm foundation.


SFOX: Low Volatility and Rising Investment Bolster Crypto’s Bull Case


The crypto market remains “mildly bullish” heading into April. | Source: SFOX

According to SFOX, the crypto market remained “mildly bullish” heading into April. In March, the main fundamentals were low volatility and increasing investment. Similar to February’s report, SFOX was encouraged by the continuing investment in cryptocurrency infrastructure despite Bitcoin’s sideways trend.

    “At the same time that crypto volatility was decreasing, reports told of major companies like Visa and Facebook investing in crypto technologies. This reinforces the narrative that the industry as a whole is continuing to mature, attracting the attention of more institutions as infrastructure improves.”

Maturity is a big deal for an asset class that wants to become a widespread medium of exchange. Of the two corporations mentioned, the involvement of Visa is possibly the most interesting. Naturally, they have the most to lose from not evolving to the threat from Bitcoin. If Visa sees applications for cryptocurrency, this is a tremendous affirmation of the “usefulness” case argument.


Reference: https://www.ccn.com/crypto-market-bullish-in-wake-of-bitcoins-20-surge

In the coming days it would be clear, if the bull has come or the market manipulation. Some people are skeptical about the recent 20 percent price surge of bitcoin, they are of the opinion that some big traders have done some manipulation in the market that's why the price of bitcoin has increased sharply.

[sandra_x]

We have obviously move past the low volume hurdle, we had the all time highs in terms of trade volume a few days back and we are still in good range.I think April may be the decisive month for 2019 crypto bull run. A lot of positive news in the air

[peter0425]

Lol, I like how they term it, "mildly bullish". How about in the other side? "mildly bearish",  . Anyways, this could be a start and I'm sure that the index will change a lot in the next couple of months. It could be very bullish. So it's going to be interesting, we have touched $5k already, and still going strong and I don't expect the bears to be back unless there is some FUD or some event similar to what we have seen in November (BCH vs BCH SV hash war that took BTC by surprised.)

[Gozie51]

The crypto bull is expected because bitcoin is the leader and has made some profit, so every other coin will follow from that. Therefore, I'm not surprised that exactly that is what is happening.

[BitHodler]

I think April may be the decisive month for 2019 crypto bull run. A lot of positive news in the air

April has mostly been a very generous month for investors and traders, but I don't see how it will be a crucial month. If we tank afterwards it won't change my view on the market at all, because that's what happens in a bear market.

The bull run people are hoping for won't be coming any time soon. 2017s bull run was largely fueled by ICOs people needed Bitcoin and Ethereum for. What do people need these coins for right now?

Maybe that IEOs will be able to initiate a bull run, but it won't be sustainable at all, because every hype cycle ends with a massive correction where people rekt themselves in the worst possible way. I hope the next run won't be based on any of this.

[mrdeposit]

We have obviously move past the low volume hurdle, we had the all time highs in terms of trade volume a few days back and we are still in good range.I think April may be the decisive month for 2019 crypto bull run. A lot of positive news in the air

Yes, the good news and increase in price and volume are good signs. Even a few countries have changed their minds about crypto and even accepting cryptocurrencies in smaller systems is the beginning of better news.

[freedomgo]

Mildly bullish, I guess it's an accurate description of what is currently happening now.
Price is increasing so we can still expect that there will be higher increase to come since we are not full bullish yet.

Will probably be waiting for that time.

[nur rochid]

We have obviously move past the low volume hurdle, we had the all time highs in terms of trade volume a few days back and we are still in good range.I think April may be the decisive month for 2019 crypto bull run. A lot of positive news in the air

Yes, the good news and increase in price and volume are good signs. Even a few countries have changed their minds about crypto and even accepting cryptocurrencies in smaller systems is the beginning of better news.

Hopefully it will spread to other countries, and we can see the expected development of crypto. with many countries allowing crypto to carry out its duties as a currency

[Bitinity]

Looks like more news i read that bitcoin will hit 50,000$, but we can't be sure of nothing and to reach 50,000 will take a lot of time, and maybe this is just an exagerated prediction, but i really want to see that price for bitcoin if possible.

This is the site where i read the news
https://oracletimes.com/bitcoin-btc-to-surge-to-50000-due-to-a-parabolic-bull-run-says-expert-who-predicted-the-2018-btc-fall/

I can say that it is not a news, it is a prediction only. I believe this kind of prediction which is being published in crypto news website or other economics news sites is to attract people to invest in bitcoin. If many people believe with the prediction then they will start to invest more and more and it will make bitcoin price goes up time to time. But the bullish is still not coming yet imho.

[armarsterling7]

Huge price increases on a solid foundation? I do not believe in that. It seems that this is the whale's now, they want traders to buy more BTC and then make BTC's price plummet to $ 4k.
in 2018 there were too many such developments and I was on guard. I trade bitcoin with a profit target ranging from 5-9%. Don't be greedy at this point, we won't know what's ahead.

[ajaymukund]

In this article, I disagree with SFOX. they only offer positive views on BTC prices but do not talk about purchasing power and other related factors. When the market surged unexpectedly, I was quite worried. because it doesn't have much news for this legitimate price increase. I'm quite worried about this. Perhaps I will stop investing at the present time because I cannot direct the direction of the market.

[alisafidel58]

In this article, I disagree with SFOX. they only offer positive views on BTC prices but do not talk about purchasing power and other related factors. When the market surged unexpectedly, I was quite worried. because it doesn't have much news for this legitimate price increase. I'm quite worried about this. Perhaps I will stop investing at the present time because I cannot direct the direction of the market.

No one can really tell the direction of the market. No need to be worried about the situation and we are profiting from this mildly bullish market. What other factors are you looking for with the current situation?

[Mometaskers]

Looks more like a calf market to me, with moderate surge rather than massive climb we saw in 2017. I really don't see any reason for bitcoin to see that kind of growth this month.

I guess enjoy it while last? If you bought around 3k, just a few more hundreds would already be a nice exit.

[pinoycash]

Looks more like a calf market to me, with moderate surge rather than massive climb we saw in 2017. I really don't see any reason for bitcoin to see that kind of growth this month.

I guess enjoy it while last? If you bought around 3k, just a few more hundreds would already be a nice exit.

We all know what happen if the same massive climb happens in this year rally,. it will be followed by another massive dump.

This moderate surge is better to create a steady momentum and price growth.

[needtor22]

yes, I also think that now Bullrun is almost here, because now the price of bitcoin also has a better surge, so I'm sure the price will also be higher in the near future