There is no doubt the cryptocurrency market has been gripped by a bear market. All cryptocurrencies are showing volatility, mostly in decline.
Fundstrat Global Advisors believe the bear market is now over for altcoins, cryptocurrency other than Bitcoin. Of course this will be music to the ears of many investors and traders, however, they warn not to expect a rally anytime soon.
As reported by Bloomberg, “alt-coins show a 75 percent decline over the past 64 days, this after a 62-day rally pushed them to unprecedented heights. Based on the trajectories of three previous alt-coin bear markets, where the selloffs lasted roughly as long as the surges that preceded them, Fundstrat says the likelihood that the current drop has ended is high.”
According to the Fundstrat report, they believe that a bull market for altcoins should start between mid-August to mid-September 2018. Read full article – Click Here
Tom Lee of Fundstrat often makes headlines with his predictions – Tom Lee’s Bitcoin price at $91,000 in 2020
Abra CEO Bill Barhydt recently predicted that a major rally is around the corner. Read further here – Bitcoin price could turn on a dime and explode
A number of cryptocurrency investors did well on the last Bull Run… who are these Bitcoin Illuminati?
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