7 major signs that bull market has returned to Bitcoin.

Analysts like Tone Vays are predicting a pullback but here are seven key indicators that the bull market has officially returned. Retest t...


Analysts like Tone Vays are predicting a pullback but here are seven key indicators that the bull market has officially returned.
Retest the top levels
No market is truly mature until it goes through several rising and falling cycles. The so-called "crypto winter" has done a great job of removing speculators from the market and leaving components that want to build real infrastructure.

The use of BTC has not only increased steadily over the past 16 months but the hash rate is currently testing the highest level of all time at nearly 60 EH / sec. At the same time, the average block size is also higher than 1MB, at 1.26 MB.
The search trend on Google skyrocketed
Although Google Trends may not have shouted Bitcoin FOMO, but after a lull, keyword search results "Bitcoin" are starting to rise again.

So far we all know that these latest gains are being driven by organizations. If Tom Lee is right, the real FOMO will take place once the price hits $ 10,000.
Organizations are ready for the Bitcoin bull market
This time, Wall Street has shown a seemingly insatiable appetite for Bitcoin. Grayscale's largest electronic money asset manager bought more than 11,000 BTC last month.

With 54,000 BTC is currently exploited every 30 days. That means the monthly supply has increased by about 21% monthly, preparing for a new price increase.

The amount of Bitcoin accumulation has increased over the past year
According to the Diar analysis company, Bitcoin accumulation has increased steadily over the past 12 months. The number of wallet addresses containing 1,000 to 10,000 BTC has increased by 7%.

Coinbase holds 760,000 BTC in its cold wallet storage system. And more than a quarter (26%) of circulating BTC is currently dispersed among wallets of different volumes. Once again, all seem to be preparing for the big bull market.
Trading volume is recording new highs
Trading volume is setting up new records every month this year. Most recently, yesterday, South Korea set a new high in Bitcoin trading volume on LocalBitcoin with more than 218 million won (approximately US $ 183 million) of transactions.

Big names appear in the Bitcoin market
When it comes to big names, not many people will be bigger than Microsoft. With a surprise announcement at the consensus conference this month, that they will build their own projects on the Bitcoin blockchain, along with Whole Food, eBay and Facebook. The problem here is just time.
Just look at the price
May 2019 has been a great even month for BTC prices. As Josh Rage, an electronic money trader, investor - commented that if Bitcoin ends the month at USD 8,975 or more, it will show a 70.37% increase in the month. That will also make May the best month of Bitcoin since November 2013.
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High Tech Brain: 7 major signs that bull market has returned to Bitcoin.
7 major signs that bull market has returned to Bitcoin.
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High Tech Brain
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