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Bitcoin Price 22% Gain is Not a Sign of a Bull Market: Brian Kelly

Brian Kelly is cautioning against expectations of a prolonged bull run as the bitcoin price gains more than 20% since the start of 2020. Meanwhile, crypto tokens continue to experience massive price increases with the total market capitalization adding about $20 billion in the last 24-hour trading period.

Bitcoin Price Leading Fundamentals
CNBC’s resident ‘crypto expert’ says the current bitcoin price gain might not indicate the start of a length upward price push. Appearing on CNBC’s Fast Money on Tuesday (January 14, 2020), the CEO of crypto trading firm BKCM said he wouldn’t call the current price rally a “comeback” for the top-ranked crypto.

Bitcoin to the moon? The cryptocurrency is taking off again! pic.twitter.com/NlrB2BP1uT
— CNBC's Fast Money (@CNBCFastMoney) January 14, 2020

Instead, Kelly opined that the…

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