Now economic situation in the world is so unstable. Many people lose their jobs, the inflation in many countries is very high. That is why many people believe that soon the market will grow.
Because of big inflation in many countries many people use cryptocurrency for investment purposes.
The adoption of cryptocurrency grows creating demand in it.
That is why many people think that cryptocurrency marekt will continue to grow.
There are many factors that can cause bitcoin prices to increase and there are many signs that also indicate that altcoins are in a bullish phase, one of the factors for the increase in altcoin prices is the application of economic laws which as we know so far, there is demand in the market, it is certain that the price will go up, Vice versa, if supply is high while demand is low, the price will fall in the market, besides that, an increase in altcoin prices can also occur if bitcoin experiences a decline due to the large BTC/Altcoin pair in the market.