The cryptocurrency market have experienced almost 5 months of decline.
And there is no clear sign of recovery.
How do you predict the future of the market?
Please tell me your opinion.
Thank you
If you look at the history bitcoin price movements it may take a very long time to see again the all-time high price because last time in 2014 bitcoin prices went to $1000+ and after correction again it took almost three years to reach that price (2017). I'm not saying that this time also it will take three years to recover but by looking at current situation it may not recover back so fast and need to wait.
If all governments regulate the crypto trading faster then we can see more people joining the party otherwise many new investors are worried to put their money now after the big correction.
Yes. It will take a while for the prices to recover and surpass 2017 high. You should be assured of the fact that the pressure of the market is relaxed. The free fall seems to have abated at the current moment. It is reassuring because it will form the springboard for the next leap.