Since June 25, the Cryptocurrency Market has been relatively stable around the $ 250 billion area, which is struggling to start any movement both on the top and bottom.
Corrective rally requires strong volume
As shown in previous corrective rallies in May and June, for both minor and major cryptoscories, a spike on the bounce requires strong amounts and speed. While the Cryptocurrency market has been relatively stable in the $ 250 billion area, its low volume has reduced the possibility of major cryptocranses in the days to come.
At this rate, the price of bitcoin can be as low as $ 5,800 in the short term, especially if the daily volume of BTC does not grow with a large difference in the next 24 to 48 hours. Bitcoin has experienced lower price and volume action than June 25 and is likely to fall annually. New money is coming?
Many major analysts and investors have noted this week that in the form of new money and capital, Cryptocurrency for major cryptoscurrence, such as bitcoin, etherium and minor digital assets, will have to come in the market so that the price and volume can both increase significantly.
With the ETF, custodian solution, and other publicly tradable instruments, the new capital would have to come to the Cryptocurrency market for this, and for this it would have to set a new all-time high above $ 20,000 after the retail end for BTC. Investor bubble in 2018