Bitcoin Bull Market Set to Return

After a period of uncertainty and volatility, it appears that the Bitcoin bull market is set to return. Despite a recent dip in prices, many analysts are predicting that the world’s leading cryptocurrency will soon break through the $12k resistance level and move higher. The past few weeks have seen Bitcoin trading within a narrow range between $11k and $12k, with traders unable to push prices above this key resistance level. This has caused some concern amongst investors who fear that the bear market may be returning. However, there are also signs that suggest otherwise. Analysts point out that despite the recent price dip, Bitcoin’s fundamentals remain strong. The number of active addresses on the network continues to increase as more people join the crypto revolution, while transaction volumes remain high despite the bearish sentiment in markets. This suggests that there is still plenty of demand for Bitcoin even at current prices, which could lead to an eventual breakout above $12k. Furthermore, technical indicators such as moving averages and relative strength index (RSI) readings suggest that a bullish reversal could be imminent if support holds at current levels. If this happens then we could see Bitcoin pushing higher towards its all-time highs once again in no time at all. In short, while it remains uncertain whether or not we will see another bull run anytime soon, it appears likely that if support holds at current levels then we could see prices rising back up towards their previous highs in due course. With so much potential upside on offer it looks like now might be a good time for investors to get back into cryptocurrencies before they miss out on yet another opportunity for gains!