Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?
One month after you created this thread we are still good and we are still in a bull trend and will continue to be on the bull trend all this year, the PayPal news is and much good news coming in are what will keep us in the bear trend, there's so much expectation in the month of April because this is regarded as the best month when the bull season arrives so we'll see about if the April trend continues.
In my opinion probably the best news that we are seeing telling us there is no way the bull market is over is the fact the miners are still accumulating their coins and that the number of coins in exchanges is still going down at a fast speed, when you add those two factors it means the supply of bitcoin available for trade is going down dramatically and sooner or later this is going to be reflected in the price, and the only direction the price will be able to go is up.