Where to from here?

generation.easy (65)in #bitcoin • 6 years ago

For the past 6months, the crypto markets have basically acted like a dumpster fire...

A bunch of shit goin' up in flames!

But it also seems that the recent massive collapse was stopped dead at the low $3k range, with the past month showing some stability and even some redemption as prices have slowly been creeping back over $4k.
For the most part, the community sentiment has been getting better lately as everyone has started looking upward instead of staring down the un-ending red cliff. Then again, it really doesn't take much to breath life into a near dead investor - after loosing 90%, it's hard to be disappointed anymore.
In fact, certain crypto news sites are reporting a reemerging bullish outlook as hedge funds and banks are taking another serious look at crypto investments due to the value decline.

Another theory being passed around is the ongoing political troubles roiling the E.U. and France, South Africa imploding and the U.S. currency crises are causing metals to rally, but also brings crypto into the investment realm as a legitimate option.
This is what could drive mass adoption in 2019 and ATH crypto mooning!

On the other hand, nothing much has changed except Bitcoin is down a solid 35% since November, which was just another 35% drop since September. Such a small rebound doesn't really say much about a rally, alternatively the lack of a significant price jump seems to be a whispering warning in the background - "If this was a true rebound, we would be in the $5k range by now" - instead it feels like this $4k range is struggling to hold itself up.

Seems like nobody knows what to do right now