Recovering the bear market
Ever since the start of May, the whole crypto industry was falling downhill (again). But since a week there have been improvements.
The whole bearish market was most likely initiated by three factors: exchange hacks, mass media influence and whales.
In the past weeks and months several exchanges were hacked and many bitcoins stolen. This resulted in terrible news and social media outrage. Despite this, the whales kept pushing the market and making a profit.
Recovery phase
Since a few days the crypto markets started recovering. The price kept going up and up, this means one thing: time to invest and trade more comfortably.
Example of BTC/USDT recovering
Ever since the bear market began, our strategies yielded negative ROIs — which makes complete sense because the bearish detection code isn’t yet integrated (still working on it).
But now you can see the ROIs going up day by day.
Hopefully this growth will keep going and not diminish in a few days. But by looking at the short-term forecast by our A.I. system I have mixed feelings about tomorrow’s prices:
ETH/USDT predictions
BTC/USDT predictions
Stay tuned for the next update.
- Ilja