I have spent a lot of evenings reading crypto charts and trying my best doing crypto price analysys, so I kind of know basics.

Testimony to this is my cat Garu, I was doing analysis of a crypto currency graph chart and well it hung about there, (had to push him away as my computer mechanic told just see your cats don’t sit next to the heat air releasing vent on the left side of the laptop since otherwise computer’s costly inside will get cat hair(: ) ,

but you see that I have been trying to keep pace with happenings in crypto, though nothing has been happening around the last month and therefore a deeper look into the reasons why one should be bullish on BTC in the near future (2020 -2021) is the analysis I have been reading about in news last two weeks(:

I heard the greed and fear index compass showed investors have high fear now, which is a good time to invest I heard as crypto will be in the low point. However, can’t get stressed with the price movements, BTC was not able to break the 14,000$ resistance level, it kind of finds support in the 10,000 dollar resistance level. BTC of late is not able to break the 12,000$ barrier and at times goes below 10,000 $ levels. So, according to me, that's been the price action for quite a while for BTC.

So, why to be bullish on BTC… here is my take…

BTC holds well in the 100 SMA in the daily charts, it’s having difficulty in breaking the 50 SMA (simple moving average) . So, this implies that there is medium/long term bullish bias on BTC, not short term.

To understand more on Simple Moving average analysis read this article on SMA

Now, going deeper into the reasons to be bullish on BTC. Let’s check them out.

**World Economy is in a slow down and European Bonds are giving negative yielding returns. **
So, investors would shift investments to other assets - yes gold definitely, maybe silver and then they have the digital gold and digital silver in the crypto space, namely BTC and LTC.

The point here is also when Bank and Govt. bonds go like this, their credibility is affected.

There is possibility of fiats of countries devaluing.

There are various reasons for this, but it’s all related to Government’s handling of fiat. China recently devalued yuan as its move in the escalating China-US trade war. Then US did a rate cut to provide liquidity for businesses. These are ways in which Govt. manipulate fiat currency.

Now, if banks run out of fiat money say because investors have converted their fiats into cryptos or assets like gold, then Governments will print notes and put it into the economy but increasing the supply of fiat in this way devalues fiat currencies. It gives us people the picture that Government’s suck at managing money, and they would think of a currency like BTC because it’s free from Government’s control and manipulation, plus BTC has a fixed supply making it a good candidate for a hedging asset.

More entry vehicles for BTC

Derivatives, futures contact and various products are upcoming, Bakkt being most expected. The significance of it is that institutional players can get into BTC. To know more about this read this article on Bakkt

Well, retail investors too will have entry vehicles , I heard there are products that might be coming where a portion of a person’s retirement income(pension money) would be in cryptos and I also heard that financial products that have a share in crypto along with stocks did very well this year.

Just imagine, when FOMO kicks in, or when fiat currencies devalue people would just want to have BTC without knowing or understanding about it, without caring that those third party institutions offering these BTC products would hold the person’s private key as well!!!

So, in the near future along with macro economic conditions that are favorable for investors to flee into crypto, these entry vehicles are there to welcome these investors providing them ways to get into crypto easily.

Other reasons -:

We have more** shops, organisations accepting payment through cryptos**, with various payment apps already developed for these purposes so this way crypto adoption increases. Already, because of currency crisis countries like Venezuela and Iran have been benefited by crypto currency use.

Here is an article on how Iran got foreign aid thanks to a crypto platform that allowed people from around the world to donate in cryptos.

Lastly, bitcoin halving is coming up May 2020!!! , with mining rewards for miners reduced. The supply of BTC decreases while the demand increases because of the things discussed above, so the value of BTC could go up.