Bitcoin (BTC) Fundamentals Showing Clear Signs Of A Bottom

Story by:  Nick Chong

According to Bitcoin Bravado analyst Jack, cryptocurrencies, especially BTC, are looking especially bullish at the moment. In a recent Twitter post, the trader drew attention to three figures to back his point: mining revenue, daily transactions on Bitcoin, and BTC transaction fees.

He remarked that miners’ revenue reaching historical support, daily transactions closing in on their all-time highs, and fees spiking while remaining manageable are all signs that the “bear market [is] coming to an end.” Jack then quipped: “UP IS THE WAY,” accentuating his optimism.