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The End of a Speculative Wave, But Not The Bull Market

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The End of a Speculative Wave, But Not The Bull Market

Introduction

This article was posted on Saturday, 14:42, UTC.

Today is the day when risk returned to the coin market in earnest. Cryptocurrencies are crashing since Bitcoin experienced another wave of selling during the US session on Friday, after Thursday’s spike lower. BTC breached the $2000 level, and the $1000 correction sparked a bloodbath in the coins with no redemption coming from the Asian markets this time around. All the majors are down by anywhere between 20% and 50%, and the newcomers are also hit hard without an exception. Is the boom over? That’s the question in everybody’s head now, but before answering that, let’s put the current decline…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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