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?
Yeah I believe that it's due time that the market recovered. It's actually recovering in time for the upcoming ETF decision which is at the end of September (Sept. 30 if i remember correctly). If past historical trends are any indication, the market should continue this uptrend up until that ETF decision date.
What happens after that ETF decision tho, nobody knows.