The Bitcoin bulls are cautiously back in town. Even though Bitcoin’s price saw a big decline in the latter half of 2019, there are a few reasons why this trend may not continue into 2020.
According to data provided by Arcane Research and collated by Luno, here are five reasons why Bitcoin’s price might have turned a corner.
Prices are going up
One of the surest signs of a bull market is also one the simplest—prices going up. Most major cryptocurrencies have seen dramatic gains recently, with Bitcoin (BTC), Ethereum (ETH) and XRP all gaining around 30-40% in the last month.