3 REASONS I BELIEVE THE CRYPTO MARKET IS HEADED FOR A BULLISH : What Are Your Thoughts?

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You probably shook your head in disbelief when you read the title of this piece. Let me guess; you also think I'm very unserious? I’d understand if you do. Nonetheless, I hope you can read it just so you understand my angle.

The crypto markets have not had a very good day in a while now. However, there are three reasons that indicate that the market may be headed for better days; otherwise known as "bullish days."

1. The Whales are grabbing every bit of BTC they can get their hands on!

I’ve always been of the opinion that whales always know a thing or two about the crypto markets before the rest of us find out. If not, why aren’t they letting off on their BTC accumulation? In fact, the current craze in the markets isn’t deterring them either. Have you stopped for one second to wonder why? Furthermore, the whales have accumulated more than 48,000 BTC in their wallets, and there’s also been a tremendous rise in spot trading volume. Do you now see reasons to support me?

2. Reports have it that long-term holders are holding on to their Bitcoins like goldmines!

Before you come at me, know that I did my research too. Lol.

Anyway, contrary to what we’re used to seeing, long-term holders are now holding on to their assets. I mean, if whales can hold on, why can’t non-whales but long-term holders do the same?

According to data from Glassnode, long-term holders hold over 13.62 million bitcoins. Bitcoins have been dormant for more than 155 days and are less likely to be spent during market volatility.
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I do not own a fraction of Bitcoin, but if I did, I am 100% sure that I wouldn’t sell. I’d wait for a bullish trend for as long as I have to.

3. People Are Buying The Dip At The Speed Of Light!

You and I both know that with more money being pumped into BTC, a bullish reversal may just be in sight. Well, if you didn’t know that, I bet you do now. Apparently, it may seem as though institutions are buying the dip massively in the hopes that when the price of BTC increases again, they will be like those that dreamt! I have no idea why I’m being overly playful with this piece. But, I hope you can understand all the points I’ve raised in this article.

Do you also think that these reasons are realistic enough? Or do you think that they’re not solid enough?

Meanwhile, here's my Source

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