The future is certainly bright for cryptocurrencies at the moment and it just seems like everything is falling in place at precisely the right time.
Bitcoin ETF is coming up, Bakkt launch is also around the corner, Ethereum Constantinople hardfork is almost here, JP Morgan who public criticized cryptocurrency last year is launching their own JPM coin which will be the first cryptocurrency backed by a major bank in the world, and the timeline has been set for the next bitcoin halving.
The bull market is not so far off again
All this events should create a bullish market. I think ethereum hardfork has happened yesterday and other events are on there way and as such we should expect a bull run before the end of this quarter. I have been following the cryptocurrency market for long and one thing I have noticed is that if it emback on a trend directions it will last for long before changing of the directions and that is what we are seeing now. Immediately the bull run commence it may last from now till the end of next year.
If so then why there isn't any bullishness? Let's not get JPM private cryptocurrency here they can't do anything at the market situation. And the ETH hard fork had nothing to do when it is just following what Bitcoin trend would be. So, no matter what and how many hard fork ETH will be doing and most altcoins if the trend of Bitcoin is in bearish then it can do anything for the rest of altcoins unlike before it more likely shifting trend both Bitcoin and altcoins but not anymore.