Bull Market: Crypto Market Starting to Show Bullish Signals?

Bittime - In the midst of crypto market fluctuations, Chris Burniske, partner at Placeholder VC, revealed that the crypto market is currently showing signs of heading towards a bullish trend or bull market.

Current Crypto Market Conditions: Potential Bull Market

Market sentiment is one that strengthens his opinion regarding the bullish trend. After a period of high volatility, market sentiment seems to be starting to split. Some investors have adjusted their expectations for the performance of crypto assets to be more realistic and potentially stable.

Apart from that, leverage has also decreased significantly. High leverage often contributes to extreme price fluctuations and can exacerbate the impact of negative market movements. With lower leverage, the crypto market has a more stable foundation from which to move forward.

Crypto Asset Prices Higher from 2023

Burniske also noted that the current lows of many quality crypto assets are much higher compared to 2023 levels. This shows that despite market challenges, these assets have built a strong base and are attracting high buying interest.

When investors feel confident that the price has reached a bottom and will only rise from that point, they are more likely to buy and hold the asset, which then drives the price up further, a sign that is often a bullish signal.

Read Also: The downward trend in Bitcoin prices is similar to the trend before the 2016 bull market

Global Monetary Policy Supports Bull Market

One external factor that plays a role in crypto market movements is global monetary policy. Burniske said that central banks around the world would likely be forced to adopt looser monetary policies in the near future. 

This means that interest rates may be lowered or other steps will be taken to encourage economic growth, which may result in increased liquidity in the market.

Loose monetary policy is usually favorable for risky assets like crypto. When interest rates are low, investors tend to look for higher returns such as crypto.  

Bullish Trend with A number of Fluctuation in Q3

While there are many indicators supporting a potential bull market, Burniske also warned that there could be some turbulence in Q3 of this year. So, despite clear bullish signs, the crypto market remains vulnerable to unexpected fluctuations.

However, Burniske remains optimistic that despite this possible turbulence, the current situation is a good opportunity to prepare portfolios for a larger bull market. 

Read Also: Fiat Currency Deposits Increase, Sign of a Bullish Trend?

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and other cryptos to find out today's crypto market trends in real-time on Bittime.