The surprisingly quick double crackdown might have accelerated the move, but a deep correction was needed to reset the overly
bullish sentiment towards the sector.
While Nerayoff expressed
bullish sentiments towards Ethereum's growth this year, he didn't write off the potential growth of other cryptocurrencies this year.
Not exact matches
«Market
sentiment is turning increasingly
bullish towards the commodity,» said Lukman Otunuga, research analyst at futures brokerage FXTM.
Because my inclination
towards bitcoin is
bullish (based on the the positive
sentiment around the Lightning Network) my conclusion was that there was a chance that we had bottomed out and would resume a recovery
towards $ 13,000 - 14,000 in the coming weeks.
A push above the mentioned resistance may perhaps boost the
bullish market
sentiment and the price could trade
towards USD 10,500.