Check Out These Reasons For Which Bitcoin’s Fundamentals Are Getting Stronger | CryptoGazette
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There are all kinds of bullish predictions out there about the price of Bitcoin. This is happening despite the massive volatility that the crypto market is seeing.
Will Clemente says that Bitcoin’s fundamentals are getting stronger these days and you should check out the tweet he dropped.
Someone hopped in the comments and said: “Agreed will! Powell hitting the breaks has had a negative impact in the mkts. But let’s remember 2017/2018 tightening cycle & how it took a year of QT+ multiple before we saw the big correction. #BTC still has ways to go!”
In other recent news, Tone Vays said that he’s still biased on Bitcoin in the bullish direction and that BTC has not yet entered bear territory.
“I believe in higher highs and higher lows, especially in a consolidating environment. So for me to admit that there’s a bear market, I need to break this low [$28,805].”
Bitcoin is in a bullish environment
He also made sure to addresses some important reasons for which he believes Bitcoin is still in a bullish environment from a fundamental perspective.
He continued and explained:
“MicroStrategy is getting in. Tesla’s getting in. El Salvador accepting it as a reserve currency. These were very bullish macro signs.”
Stay tuned for more news, and make sure to keep your eyes on the crypto market.
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