A lot of changes from the first quarter which some of us thinking that bitcoin will not recovered back again due to the downfall of its price but as you can see from time to time there's still a chance that the market showed us some positive thread and I guess this wont take too long bear market will end up soon.
It seems the bear market has stopped for a few days now and the bulls are pushing it up this week. We crossed 5k and now are going to 6k in my book. Although the first quarter was bearish it does indicate this breakout even if it might be a bulltrap would not be stopped very easily. Today there has been a correcting rally back 4% losses but the gains have been pretty big recently. Not sure about the reason yet but lets hope the bull market will catch up again once the bull complete resting for now.
I have always maintained that the cryptocurrency Market is one which is highly controlled by speculation.
So I'm not surprised that the SEC news could cause Market downward trend.
It's expected.
Lets get more people resistant against the SEC news. That should be our motive.