The bear market have lingered and has made many people lose faith in cryptocurrency. This is evident in the number of sell off recorded for the past few months. However, signs of recovery are beginning to emerge; BTC have crossed $7000 and still remain strong. Similarly, Ether have started showing strong signs of recovery after depreciating significantly for the past couple of weeks. Can we therefore, say that the much awaited upward trend is here?
What is your opinion?
Well, for now, the market is really giving some sort of uptrend signal, and we might be seeing some pretty good greens in coming days. However, that is all that it is considering the fact that nothing can be so certain yet until we start seeing some good volume, but with the way I have been seeing the charts, it is a risk worth taking with a tight stop loss as the case may be. With BTC crossing $7k and consolidating for a while, we may actually get to see the alt market have some boom a little bit.