For over two months Now, the market has been stagnant. No show of a solid bull in the market. some of my trading friends have abandoned there accounts believing that it might take months before we can see a bull market.
WHAT COULD POSSIBLY BE THE REASON BEHIND THE MARKET SLOW MOVEMENT?
Because a lot of them have lost so much already so they're not coming back unless there's some catalyst like Bitcoin ETF or Bakkt physical Bitcoin offerings. But just look at the bright side and take this opportunity to accumulate more bitcoins or even altcoins.
Another possible reason is that majority have learn their mistakes. So they evolved and are now getting smarter. They wouldn't just put their money in a struggling market. Its hard to do day trading as well, which I believed what's left for seasoned and veteran traders to make good profits. But for us casuals its difficult and not our thing so we might as well distance ourselves for now.