The Bitcoin (BTC) bulls are back. That’s right, they seem to be back. According to Brian Kelly appearances on CNBC’s recent “Futures Now” and “Fast Money” segments, the cryptocurrency market could head higher after Tuesday morning’s rally, which pushed BTC past $4,200, $4,400, $4,600, and even $5,000 in quick succession.
Kelly, the chief executive of cryptocurrency investment group BKCM, explained that “sentiment has shifted here,” touching on the euphoria that this industry has begun to witness. He adds that per his company’s analysis, which weighs fundamentals, technicals, and ‘quantamentals’, it is clear that the bottoming process in the crypto market is likely well in the works.