Post
Topic
Board Altcoin Discussion
Re: New bull market or new bear market ahead?
by
AbuBhakar
on 20/08/2023, 13:44:23 UTC
Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.

What is your personal expectation?

If you browse the price chart of Bitcoin during April to June this year. Bitcoin price slide from 30k to 25k on same manner but it recover slowly after that. There's a bad news that time about inflation or something but the price recovered after a few days of 25K support hold the dip.

I expect price recovery soon because there's no real bad news in crypto space unlike previous heavy that is really backed by bearish news.