Market Maintains Bearish Condition – May Be Preparing For Another Run

The crypto market has continued in is bearish condition with some hope of a possible recovery after the previous day flash crash.

Analyst have pointed out to an hope of a possible surge pointing out that the bearish market seem to be a market correction even when it looks a crash in the previous day.

Recall that bitcoin flash crash on kraken exchange and this leave a room for the general price crash of the pioneer crypto. Falling from around $8,500 to $7,500. The price has since recovered to $8,000.

Analyst noted that a real crash will involve no short time recovering and that the market was due for correction after the previous surge.

The price seem to be preparing for another run and this bearish market seem like any other correction common with crypto after a short term surge.

CoinTick will bring you more info about the price as it proceed.

Author: CoinTick Editorial

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