Post
Topic
Board Trading Discussion
Re: Correction or Depression
by
AK47-
on 30/06/2018, 19:19:35 UTC
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 The bullish run ATH of December has been replaced by the persistent and sideways of early Q2.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?
Many have called it a bubble bursting. But it is just a correction else how Bitcoin is maintaining its price above the decent level of $5800. Bitcoin underwent a ridiculous price hike in December and has returned to the price before the hike and isn't going below to that level. This is called as correction stage and not a depression. We still have new investors waiting and willing to invest.