The cryptocurrency market is a whale market, as soon as whale get enough cheap coin from the panics and other people who are moved by volatility of cryptocurrency market, the red will disappear and real value of coin across board will emerge!
Because it is controlled up to a great extent by the whales, it is no doubt a whale market and they play the game that is profitable in their own interest so bull comes when it is in harmony with the profit flow of the whales as well.
There are even more reason for a crypto bull run now. I know there was amazing reasons why the market will go higher a lot higher just a week ago but now if we look at the prices and how everything is lower there is a bigger chance of that happenning. I think if we wait a bit more and this hash war thing going around in the bitcoin cash thing and when it is all said and done we will see the market going a lot higher.
It won't just stay here, it won't just go to what it was a week ago, it will break that, it will go more than that and reach to a point that won't be all time high but definitely a big improvement on what it used to be. Something along 9 thousand or 10 thousand for bitcoin for example and about 350-400 dollars for ethereum and stuff like that in general.