Prons for crypto market:

1. Bitcoin price is running under mining cost.

Explain:
Miners need to profit, if price keeps running low, miners will switch or just quit, and new Miner Machines will not be sold well. Miner Machines Makers includes Bitmain/Nvidia/AMD.

Nvidia Reports $289 Million Revenue from the Crypto Sector in Q1

In the last quarter of 2017, AMD’s share of the GPU market rose from 27.2% to 33.7%. The authors noted that its products remain cheaper, while offering practically the same productivity, when it comes to crypto mining.
Although GPUs are not used for BTC mining, btc's price have strong relevant with altcoins. There companies earn a lot from crypto mining, and have strong intentions to support the price.

Will Bitmain/Nvidia/AMD short BTC to do risk hedging? What's your opinion? Please leave your comment.

2. BTC and Altcoins are meeting regulations around the world.

Regulation is good thing, which is a way to be legal and to be accepted be institutions. Once these funds including hedge funds' money flows in, the price will be significantly pump and beyond $20,000.

3. Traditional exchanges are seeking to open Crypto Exchanges.

Nasdaq is open to becoming cryptocurrency exchange, CEO says
Once the regulation is smoothed out and the space "matures", Nasdaq would consider becoming a digital currency > exchange, the company's CEO says.
"Certainly Nasdaq would consider becoming a crypto exchange over time," Nasdaq CEO Adena Friedman says.
In the meantime, Nasdaq is supporting existing crypto exchanges, and announced a technology deal with Gemini Wednesday.
Source

4. Cryptos now are beyond just concepts.

You can find GNT for decentralized computing, Crypterium/Bitpay for crypto/fiat payments bridges, IOTA for IOT industry small amount payments, BTC is more and more accepted by merchants worldwide, ETH for Bank censorship.
ADA/EOS/TRON is releasing next generation blockchains in next months to become best fit technologies for different industries. They are changing the world.

Cons for crypto market:

1. Diagram is still bearish.

2. Uncertain of SEC/CFTC's regulation opinions towards BTC/ETH

3. Buffett's opions really impacts a lot of people, and made FUD towards market. Buffett is not GOD, he missed Amazon/Apple/Microsoft.