CryptoCurrency Market Overview - 29-08-2018 - Possible Trend Reversal

in #cryptocurrency6 years ago (edited)

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Hi Steemians,

What's Up.

The crypto market is increasing it's value slowly in past 2 weeks. The Bitcoin is also rising slowly,

If we take a closer look at at Bitcoin's monthly chart, market bounce can be seen from key levels @6000

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Moving back to the daily market movement we can see a sideways or neutral market .

Steem has gained 2% in value and is trading around 0.98$,
BTC has gained 2% in value and is trading around 7065$.

What do you guys think is is the possible trend reversal or a bearish market corrective phase, Let me know in the comments below.

Thanks for Reading.

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I’m hoping that this is the end of year change in trend that we’ve all been hoping for. It would nice to see a positive end to the year. :)

Uxair nice work dear

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I think this could be the start of a new trend upwards. All the negative news are factored in, "weak" people sold what they wanted to sell, so (lets assume no more bad news coming) there should be more buying to be seen in the next months, as there will be new ICOs, new developments, new milestones of existing coins, for all of those people need BTC which, if it goes up, lifts the whole market, as seen right now.

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