Will We See The Market Recover Just The Way We're All Hoping For?
Lately the cryptocurrency market has turned around at least a little bit and seems to enter a new upwards trend, which would definitely be appreciated by all of us I guess. Anyways it's not safe at all that it'll continue.
I personally love the sight of a mostly green price map (here coin360.io) once again as it has been quite rare during the last weeks. But just like indicated above it's all not really safe yet as it's build on quite low volume and could hence turn the other way once again quite quickly.
Most analysis on twitter right now are outlining exactly this issue that the current breakout is based on a very low volume and that it's critical for the upwards move to be held as otherwise the bears might take over once again.
Tweet from CoindeskMarkets on the latest breakout:
I hope that the bulls can hold the breakout, gain significant volume and bring us back up to values above $10,000 USD. It would definitely help the whole cryptosphere to stabilize around those values.
What do you think will happen?
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