GettyDigital asset research firm Delphi Digital has released their monthly bitcoin price outlook report, and their research indicates the bitcoin price has reached a bottom for this market cycle. Delphi Digital originally predicted the bitcoin price would reach a bottom by Q1 2019 in their State of Bitcoin report released in December. Macro TrendsIn terms of macro trends, the report notes bitcoin has been the best performing asset so far this year. Additionally, the report points to the potential benefits of low growth expectations in the greater economy for the bitcoin price. A previous report from Delphi Digital indicated that ether could outperform bitcoin once the bull market in bitcoin returns — at least over the short term.

Source: Forbes May 02, 2019 14:48 UTC