The crypto sphere is in an uncertain state. The bullish run ATH of December has been replaced by the persistent and sideways of early Q2. Some analysts think it's Cryptocurrency Depression, citing some indicators. I don't know guys. What do you do think?
I won't be calling current market scenario as cryptocurrency depression, and wouldn't agree as correction too. For correction, when it happens is up-to 20 to 30 percent of it's current rally. But this is similarly to a crash after big bullrun rally, which I guess was not considered in the picture by most of us. Yet it is still unpredictable till what new low market is going to make and when it will rebound from it's low levels.