More crypto experts have been saying that we are out of the crypto winter. At the beginning of the year, Tron’s Justin Sun noted that the bears have eventually left the market after BTC hit bottom.
BTC-related predictions have been really optimistic this year, and more bullish opinions popped into the market.
Bitcoin bull and leading Fundstrat analyst Tom Lee is known as one of the main optimists in the crypto space and his latest predictions are bullish as well.
Tom Lee foresees a bullish future for cryptos
During a recent interview, the man explained the reasons for which he’s so bullish on cryptos despite the challenging 2018.
He said that BTC is on its way of reaching new highs in 2020. It’s true that 2018 was a bearish year which saw the crypto market fall the hardest and it lost a huge chunk of its cap.
According to experts, 2018 was a year during which the crypto market managed to mature, and the valuable projects have been separated from the weaker ones.
2019 should see boosted prices for the digital assets, and we should also be getting closer to mainstream adoption.
More moves in the crypto space are making sure that we are on the right path towards mass adoption of cryptos.
BTC to reach new highs in 2020
Lee believes that the bullish trends will gain the upper hand.
“Last year was a terrible year for crypto, a massive bear market, and we published a piece this week just highlighting … Eleven signs that historically only take place in a bull market. So I think the evidence is mounting that there’s a bull market,” explained Lee, according to Coinspeaker.
The online publication continued and said that Lee noted that some of these 11 signs had been already observed.
The first sign was noticed back in January when on-chain transactional volumes turned positive in comparison to last year.