I would strongly disagree with most of what's written here and, in general, in this thread.  What fundamentals does bitcoin (or any crypto) have?  There is no business underlying a coin, which means there's no earnings, no dividends, no management team, or anything else that can be looked at when a person analyzes a stock.  Even with gold, you can analyze industrial demand and the state of the mining industry. 

With crypto, there's really none of that.  There's only supply and demand.  Mining for bitcoin is waaay different than gold mining.  We know how many bitcoins have already been mined and how many are ever going to exist.  The difficulty is also known.  Cost of electricity is relatively constant.

Anyway, I just don't see how fundamental analysis can be employed in crypto.  Technical analysis seems like the only viable way to predict where a given crypto is going, and I don't even believe in that--I think it's a bunch of chart-reading nonsense.  Momentum is real, bull markets are definitely real, but all of that head-and-shoulders, teacup TA stuff is just unscientific gibberish to me.