Crypto Weekly Forecast : Bleeding Bulls Fighting for a Reversal

Blockchain could generate $1 trillion in new trade over the next ten years, a joint report from the World Economic Forum (WEF) claims Thursday, September 13.

The cryptocurrency market has showed a short-term corrective rally in the past 12hours, after major assets like Ethereum showed strong signs of bear exhaustion.

The Ethereum blockchain network, has been caught in an intensified downtrend since June, performing especially poorly against Bitcoin.

Correction after corrections, the market has stayed in the same trend over the past three months. Over the past 24 hours, Bitcoin has recorded a slight increase in value, rising by 2.5 percent to $6,450. The other cryptos, which experienced extreme volatility throughout September, showed intensified movements on the upside.

This market is still looking for a bottom and doesn't show any sign of recovery from its almost 90% correction since his All-time High.

To add in the balance, Financial regulators are watching companies involved in the cryptocurrency industry with increasing scrutiny, giving a hard time for new growth and speculative investors.

Bitcoin is once more proving it is the strongest cryptocurrency increasing its dominance to about 57 percent of the total market cap, taking from other cryptocurrencies.

Here's how i am looking to trade this.

https://www.tradingview.com/chart/BTCUSD/jxmi19nQ-Bleeding-Bulls-Fighting-for-a-Reversal/

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