We must remember that everything is cyclical, unlimited growth is impossible. We are waiting now, there is a recession at that moment, then all this will raise again.
The subject line should now be changed as Crisis is over as btc prices have gained the momentum and rising strongly. Its already trading at 8275$+ and we can expect some more rise by weekend thus making a strong comeback from 6k levels and a good buying seems to happen now.
Lmao
I was also going to say the same thing before you said it. The price rate rate is not as it was yesterday. Yesterday, I believe the price was around $6000 plus, but today is recovered and got to $7,900 and as of recent, it is in $7,800.
I believe that very soon, maybe before the end of February, the price will recover to a very high rate. So there is nothing like crisis coming, its never going to happen.
If you think that we are now out of the woods we aren't yet as speaking for the Bitcoin prices we are still on a long term down trend as this miniature breakout is still within the down trend. 11,400$ is what we need to break in order to see that this breakout is a confirmation of a new up trend. I would still observe the prices until then and I am ready to sell just in case it fails to break the 11,400$ barrier. Now in terms of the stock market I might say its a different cycle that is totally not related to the Cryptocurrency market as obviously they still have other participants but even them are taking a hit from their own corrections.