Cryptocurrency saw a ridiculous rise in value at the end of last year and into January of this year. Obviously, there needed to be a significant correction, and that's what we have been experiencing over the past few months.
As you can see in the diagram above, we have gone through the first half of the cycle and the market correction. However, with crypto being such a new market, with such new and innovative technology, it is really only at the beginning of its worth. We are starting to see the market level off, as if finally hitting some support level thats creating sideways action, and with that sideways action comes the bulls!
Recently many governments, billionaires, venture capital firms and hedge funds have found a renewed interest in the crypto market and see the potential for massive gains. As the diagram sows, institutional investment is a big part of having a strong bull market, and now with this influx of new investors, this bull run seems to be on the horizon.
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