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?
Yes, we can understand this because the market has been bear for a long time. It is also time to warm up and prepare to go up. But there is another possibility, that is, this is also a bull market trap. We have to beware of such things happening.