The recent drop in crypto prices has just been broken! Looking at the global marketcap data, from its peak on January 7, the trendline has been touched and denied on 4 other occasions, and was finally broken around February 13.
Is it time to be bullish on the market ?
Please upvote, comment, resteem and follow me @jeffcomeau
Source : coinmarketcap.com
I don't think the move up for Bitcoin from 6k has been strong enough, I think that area might be tested again, bringing the rest of the market down with it. Hope I'm wrong but I do think the bear market will be over soon. Some coins still seem crazily overvalued but at least I can now see ones that look worth buying.
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Absolutely, this correction has been a blessing to weed out the bad from the good. Thanks for your comment!
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