The price of Bitcoin reached an all-time high of $90,030 on November 12, leading to a bullish market for other cryptocurrencies. Analyst Miles Deutscher believes that this could be the biggest crypto bull run ever, citing a strong market setup. Deutscher provided a list of ten signals pointing to a strong and liquid market for crypto. The breakout in the crypto market is attributed to regulatory optimism brought on by Donald Trump's victory in the United States. Even wealth fund managers are recommending cryptocurrencies to their clients. Deutscher also mentioned the growing demand for Bitcoin ETFs and the historically low levels of BTC supply on centralized exchanges. However, investors are advised to remain cautious, have a solid plan, and avoid FOMO (fear of missing out).
- Content Editor ( finbold.com )
- 2024-11-12
Analyst says ‘the biggest crypto bull run ever’ is starting – Here’s why