The crypto community in an attempt to present all the options for the further impact of the coin and attention on the so-called basketball effect.
The theory is as follows: after a strong pump at the end of 2017, which we consider as the main hit of the ball on the floor with a subsequent rebound, the price by inertia continued to bounce with a slowdown in force. Based on this theory, the offensive of the real «bulls» to the market will be possible only at the moment of complete cessation of fluctuations.
If we consider this theory more globally, the following can be noted: at the peak of cryptocurrencies, a huge number of funds and other financial organizations were formed.
10 Minute Spotlight – Ethereum (ETH) – Bitcoin Holding Steady Above $9,300
With the fall of the majority of players, disappointed in the new financial instrument, they decided to exit «games». With each round of the fall, the market is cleared of the very participants who consider cryptocurrencies in the long term..
The weak links panicked and left the market. Therefore, in order to enter stable growth, the cryptocurrency market needs a complete cleanup, which represents investors aiming for long-term relationships..
On the chart itself, you can observe the picture of the extinction of waves. It is noteworthy that the price has repeatedly repelled from stable levels, without falling below the threshold of mining profitability (which can be considered gender).
So even the competitors of the most capitalized coin are confident in its health: that bitcoin has every chance of growth..
ETHEREUM READY TO BREAK $2,000!!! BITCOIN TARGET IS $90,000!!! AIOZ NETWORK (HIDDEN GEM)
text: Evgeniya Likhodey