The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

Bitcoin: TOP 4 signals of a bullish BTC rally

3 min reading

Although the current price of Bitcoin is below USD 12,000, there are signals on the market of this cryptocurrency, indicating that it is the initial phase of the BTC raid. Here they are!

a bull on arena

Most of the BTC coins are in the profit phase

Bitcoin is above the $ 10,000 mark for the second time in history over such a long time span. This means that nearly 97% of BTC coins have a value greater than when investors bought them.

This factor was noted, for example, by Dan Held (from the Kraken cryptocurrency exchange). In his opinion, the most popular cryptocurrency is currently at the beginning of a bull market. He shared his thoughts on this subject on Twitter.

Investors don't want to sell their Bitcoins

Except for a few cases and speculators, other long-term investors are not interested in selling their BTC coins. As it turns out, the annual activity of Bitcoin supply was at the lowest level since the beginning of 2011.

drop of btc activity

This factor was mentioned, for example, by the co-founder of the Casa cryptocurrency platform - Jemeson Lopp. He wrote that people simply do not want to part with their Bitcoins (this relationship can be seen in the chart above).

Big institutions are interested in BTC

Demand for Bitcoin from institutional investors remains quite clear. The research published by Fidelity Investments at the beginning of June. shows that about 1/3 of them have BTC or other cryptocurrencies.

The high demand for Bitcoin purchases by large companies arose mainly after the pandemic and the global economic slowdown. This asset has come to be seen as one of the alternatives that transfer value.

Despite the fact that the US dollar is quite strong against the fiat currencies of other countries, many entrepreneurs and investors still fear inflation in the face of unprecedented fiscal and monetary stimuli.

Significant in all this is that the demand for Bitcoin itself is increasing, while the amount of newly mined BTC coins is much smaller than before halving. This, in turn, may positively affect the price of this cryptocurrency.

Global debt is increasing

It is worth noting that by the end of 2019, the amount of global debt exceeded $ 255 trillion. This phenomenon shows no signs of slowing down, and the consequences that will follow are only a matter of time.

This is where people can begin to see the fundamental foundations of Bitcoin. Many people have already changed their minds about this cryptocurrency.

Currency Exchange rate Buy cryptocurrency

Buy crypto now

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.