Positive news from SEC on cryptocurrencies - a new bullish trend for bitcoin is coming in the next 6 months

The US Securities and Exchange Commission (SEC) has announced that it will host a public forum for distributed ledger technology (DLT) and cryptocurrencies in May. The news was unveiled today at a press conference of the SEC.

The Finchub Commission's Strategic Hub organizes the event, called the Fintech Forum, to be held on 31 May 2019. The press conference has made it clear that the forum will include industry experts who will talk about "the better understanding about DLT and digital asset issues."

According to the statement, the topics that will be affected include Initial Coin Offerings, cryptocurrencies Platforms, DLT Innovations and how these technologies have an impact on investors and markets.

These are definitely good news for the crypto community, with a good tone and approval from the SEC will lead to more faith in cryptocurrencies and will have a positive impact on asset graphs.

Bitcoin, the largest crypto, has successfully tested its 50-period on a daily chart and bounced up.

Co-founder of Fundstrat Global Advisors - Thomas Lee made a forecast for the cryptocurrencies , saying he expects the bullish trend to return over the next 6 months.

"In my opinion, the key tracking level is the 200-year period," he said. "If bitcoin holds over $ 4,000, it will cross its 200-year period in August, so I expect a new bullish trend in the next 5-6 months."

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