Its frustrating to see such a steady stall in the crypto market post January. Seems like any price change (increase/decrease) is happening at snail pace. Any hope that this market will pick up soon in the following months?
It is just normal, you can't expect a market to go bull running all the time. This happens in any market there is whether it is crypto, forex or stocks. New money get exhausted that can cause the market tk slow down. Take a break and prepare for the next burst.
Not only new money gets exhausted but it changes hands, those that invested at the top were probably new investors thinking this was going to last forever then some began to cash out, then these weak hands got scared and began to sell as well triggering more sell offs and losing money in the process, so we either need these people to learn their lesson and get more cash or new people interested in bitcoin.
No this is not temporary this Is for the sake of investor to come and buy as much as they can and those who are future planer they already have bought enough to live a secure life in coming days and those who are thinking that it will stay permanent here are on the wrong view bitcoin prices are cannot just stay on the same level and you will see in coming week the prices will prove that this is just a sale but now its over.