The market seems to be green again. There's a lot momentum around some coins at the moment. EOS, ETH, IOTA, and so many other coins are significantly well. Even King BTC hit $7k and it has stayed above it for the most part of today. Is it same to say the bearish market situation is over and the bulls back in business to dominate the market?
I think not yet! its almost half of Oct. so we better wait till first week of Nov. if the market movement shows positive signs it will.But as we see Bitcoin still strong at $6500+ level and reaching $7000 but it return drastically while altcoins are show some positive gains but its not enough to cover the lose of entire altcoin market in the previous months so Bull is not yet back! as i see it but i'm not and expert i'm basing my insight on avalable data on the market.
Till date there is no bull in the market and the market is still red. Hope the last couple of months will be better for cryptocurrency but these days the trend is almost negative and very low demand for bitcoin and Altcoin. This bearish trend will continue for some more time because till date people are not interested in cryptocurrency and the reason is downing prices.