I think we will be range bound for a good time while fundamentals sort themselves out. I don't think we have lots of buyers or sellers until the market gets more clarity on regulation at least. There is a ton of institutional money on the sidelines and that will be a catalyst for a new bull run. However, more FUD or bad types of regulation as we could head lower.
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While investors “wait”, nearly every major corporation as well as governments on all levels are inquiring/implementing blockchain...
This market should be recouping better than it is, though sadly I wouldn’t be surprised to see another dip in the near future.