Bitcoin (BTC) has reacted well to the bearish season, taking and overcoming each huddle one at a time. Crypto analysts and traders have been enjoying the bullish trend. A cryptocurrency expert has recently itemised four crucial points on why Bitcoin traders and investors should remain optimistic for Bull Run.

Since the historic bearish season of 2018, which brought Bitcoin down from relatively $20,000 All time High to below $3,200, enthusiasts and investors have been patiently waiting for another bullish season.

While some wait with pessimism, others who have envisioned the promising future of Bitcoin (BTC) seized the opportunity to keep buying the deep.

Bitcoin started to signal price improvement since early April 2019. BTC price revolution began to get obvious from 1st May. BTC started surging from below $5,000 up to $6,000 in a short interval.

Bitcoin underwent price fluctuation in the course of retracing its step back to the top in the cryptocurrency market. About 4 days ago, BTC experienced a significant price surge from under $8,000 it has earlier been revolving for long.

At press time, Bitcoin is trading at $8,371, with a surprising loss of 3% in the last 24 hours. Analysts have been pinpointing the signs that bullish season is here already until the price went down. This, they also say is in preparation for a bullish rally.

Four Crucial Points Depicting That Bitcoin’s Bullish Season is here

CryptosBatman, a passionate enthusiast and investor in cryptocurrency shared reasons for Bitcoin traders to be bullish in one of his recent tweets.

According to the chart he captioned, it is less than a year to Bitcoin halving, which is expected to precede the much awaited parabolic price movement of BTC.

Another notable point that indicates Bitcoin’s bull run according to him is the four consecutive weekly closing above 50 Moving average of BTC, which has never failed in initiating bull run in the past.

In his third point, he said the fact that Bitcoin (BTC) has already experienced 135% price upsurge in 2019 is another significant point.

CryptosBatman concluded by adding that Fidelity Investments, one of the largest financial services providers in the world is opening cryptocurrency trading for institutional investors very soon. The company with over $7.2 trillion in client asset would be a big boost to fast-track bull run.

Reasons to be bullish 🔥 – Less than a year until halving which makes $BTC go parabolic – BTC has four consecutive weekly closes above the 50 week MA, which has never failed to initiate a bullrun – BTC is up 135% in 2019 – Fidelity opens trading for institutional clients soon pic.twitter.com/asEGQty6Ze — CryptosBatman ⚡ (@CryptosBatman) May 29, 2019

Josh Rager Says He Will Be Bullish Until Bitcoin Breaks Above $9,400

Josh Rager, a Crypto Trader, Investor and twitter pundit also sounded ready for the bullish season in a tweet. He assured that he will keep on being bullish over the present price growth of Bitcoin (BTC) until it surpasses $9,400 resistance level.

He said “I’ll continue to be bullish on BTC until we hit between the $9400 to $9700 area (even if BTC retraces to $8400) Being that’s the 0.382 fib from Bitcoin ATH to cycle bottom & some major horizontal resistance areas This could be a place where some “larger players” take profit”