Red market, has bull-run ended?

[MrSpasybo]

As I can see, the red color of the downtrend is dominating Coinmarketcap. Are we experiencing an uptrend and preparing to see a bear-rest when holders decide to sell to take profits? Or is this simply a necessary adjustment before the community takes the market to new highs with total capitalization over $400B?

I am quite concerned about the crypto market, especially after the absurd growth of DeFi tokens in the past short time.

[TomPluz]

I don't think that in fact the bull run has official started. We can say that we have right now can be pre-bull run, a preparation period when the whole cryptocurrency market can be taking off to a new height. There can be some pullbacks right now but this is quite normal and can be good for the market actually.

[NihonShoki]

The Covid 19 pandemic has brought heavy damage to the global economy, creating a general downward trend of the whole market, not just the cryptocurrency market.

[krypto4uvak]

I think now the price of all coins in the market will fall and in a month there will be a big rise again.

[EthanDavid]

In February, when the Covid-19 translation was not yet booming in the West, Bitcoin performed well and maintained trading around $ 10,000. However, in early March, Bitcoin suffered the decline of more than 50% to $ 3,600 due to the Covid-19 impact has been complicated in the West. this is the Red Market and the bull run is over

[juv3ntus1]

Probably just a healty correction i aspect the up trend to continue.

[Noverteno]

The Covid 19 pandemic has brought heavy damage to the global economy, creating a general downward trend of the whole market, not just the cryptocurrency market.

In this case, the pandemic has little effect on the current processes in the cryptocurrency market. This could still be a manifestation of normal cryptocurrency volatility, or most likely the beginning of a price correction in the market. In any case, this is a normal logical process that is necessary for further price increases in the market.

[LogiC]

Retracement and pulled back is normal maybe some whales and investors decided to sell their asset and ripped their ptofit and planning to invest on other commodities. Normally if the investment realizes thats how it works. But knowing the market we are sure that this is just temporary. We can always see ups and down but there is always scenario that there will be a huge drop. If you are affected and plannign to cut loss, then you will lose the chance. Its just paper loss.

[tervel]

 A continued crash to below $11,000 is likely to take place over the next several days, followed by a rally to new highs. Downtrend will take place until volatility fades again, and another upward breakout occurs.

[fammy]

As I can see, the red color of the downtrend is dominating Coinmarketcap. Are we experiencing an uptrend and preparing to see a bear-rest when holders decide to sell to take profits? Or is this simply a necessary adjustment before the community takes the market to new highs with total capitalization over $400B?

I am quite concerned about the crypto market, especially after the absurd growth of DeFi tokens in the past short time.

Well I have seen the ups and downs of the market ever since I became avid crypto enthusiast and seeing that the market for this couple of days going downward is not new to me but I can strongly and safely say that we just need to deal with it and let us trust and believe that it will definitely go to the moon once more again.

[wawan96]

The Covid 19 pandemic has brought heavy damage to the global economy, creating a general downward trend of the whole market, not just the cryptocurrency market.

market crypto less affected during a pandemic because many people are investing here should not be assumed that when the market goes down the pandemic has become a reason of the price of bitcoin down was normal like this from year to year when there is a new project that hype then the whales will really come and pump prices.

[bigcash2011]

Please remember that bull run does not mean straight line up and that is not even possible for real projects but only for pump and dump coins. Mostly the market moves with corrections creating higher highs and higher lows so please remember that corrections and dips also come on the way up.

[trauchot]

So far, I do not see that the cryptocurrency market would starting to fall and there is just a slight correction and for now there is no need to worry, but when Bitcoin will start to fall and Bitcoin price will be at least less than $11k$, then big correction may already take place.

[Debasco]

we can call the current market trend as the awaken from economy trauma, because i believe the best is yet to come, this just the beginning

[ife2020]

Probably just a healty correction i aspect the up trend to continue.

I absolutely agree with you; for every green candles, there has to be a reflection of little red which acts as a price corrections, and price opening for traders. It is down to trading skills if you ask me.