Hi
Been wondering how to tell we have reached the crypto bottom? have we already bottomed out(I personally don't think so im not sure). If we look at the current world financial system - it looks dire. surely this will all have a impact on people investing in crypto and when funds are short, may even withdraw their investment.
Personally, because of the state of the financial system, I cannot see how crypto can become bullish as long as the world economy doesn't show signs of a recovery . I could be wrong though ?
what are your thoughts on this? Is a further crash on the horizon?
We can only predict that the market is in its bearish state, but there’s no way that we can tell if the current price is already the bottom or not. Because if we only can, then everyone will be in panic buying and accumulate as much as they can. But the market is hardly unpredictable. Looking at the market scenario right now, I can only tell that there are more low prices waiting ahead, we just have to be patient while waiting for it.