Given how these two variables seem to be related, do you think the market will fully recover once the problem with regards to the emergence of Corona Virus is resolved? or there are other factors which may trigger an uprise or keep the market low-still?
From the start, I also thought that Covid 19 has nothing to do with it but after seeing every market is crashing and the cause is uncertainty people are in a hurry to liquidate, but once they see a glitter of hope the market quickly recovers, and the momentum will still grow up in the coming weeks or months and after the halving, we'll see a dramatic change.
Of course! Not all the times we do see a dumping of price or in a continuous manner and if it do reach up a certain support it would eventually recover but all things vary on market makers.
If price should really be stopped there or would continue to dump.I dont really believe that only who do panic do able to sell-off their holdings even hodlers do surely sell off a bit of their
coins.
Me also didnt expect that Corona virus did put much affect not only on crypto market but also on other traditional markets as well.