Bakkt is what people are waiting for the most, there is more chance of this happening than the ETF which is continuously rejected over and over again. This is going to be the trigger for the next bull run
Why? How do you know it'll create real demand? It might be nothing more than a little news pump.
People are always waiting for the next catalyst to a bull run. What they need to do is patiently wait out the market. Distribution and accumulation cycles take time. A bubble popped just 10 months ago! A year of sideways (or another crash down to $3000) wouldn't surprise me in the least.
Don't go expecting something similar to the extended cycle that resulted from MtGox crashing. That was a unique event.
The bear market by all signs is over now. I'm not saying that a new bull market is gonna start right now, but it is possible that BAKKT will be a catalyst for it. BAKKT is HUGE in terms of long term bullish news. If BAKKT had hit in 2017 it would have been the single biggest piece of news of the entire bull run.
It'll be interesting to see how quickly BAKKT is picked up. I think it might take a few months for Wall St to really start diving into BAKKT so I definitely think it's possible the next bull market doesn't really get going until early next year and we have a few months of this sideways trading around 6000 and 7000.
A year of sideways trading or another fall is just laughable consider what is looming on the horizon.
The signs is not clearly showing to us, but I think this will be a random aspects of movements in an unpredicatable happenings which everybody doesn't expect to happen right away. Just focus on your principles never listen to negative rumors, instead spread positive reviews rather than putting our crypto future to worst place.