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, there are now some thin signs of recovery and it is about time the market finally do some uptrend. However, there is a looming crisis coming and I am talking about the coming decision to be rendered by SEC on the ETF application. The delay of decision caused the recent crash imagine the impact if the final decision can be a big NO. A negative decision can send the whole cryptocurrency market into a big chaos but I could be so happy to be proven wrong come end of September. I am in fact hoping that the market will not anymore factor this ETF decision but am not the market so there is nothing I can do with it personally.
the possibility of the price of crypto currency now is indeed going to go back up,