Hello guys with the current situation of the market with bitcoin almost touching 8k usd and etherium already close to 500 usd and total coin- marketcap in 300 billion range again does it look like cryptos will soon skyrocket and regain it's upward trend???
Recent signs have been encouraging, and prices are rising as I hoped they would - slowly.
The mad December/January rush wasn't good. A sustainable rise is one that plateaus from time to time to establish a new solid base before continuing to ascend. What happened over the last six months was a rapid unsustainable rise, and then once it started falling back as everyone knew it would, there was no solid base point to provide some resistance and stop the fall... so prices plummeted back almost to where they were before the rise began.
I'm convinced that what we need is a slow, steady rise.