For months bitcoin has been struggling to gain traction after its January growing pains. As a result, altcoins being tied to bitcoin's movement have suffered as well. With the recent price recovery the market may be finally taking steps towards the bull run market we are all waiting to see again. Volume is rising and support seems strong. Hopefully this purgatory market that we have been witnessing is finally on its way out. Good luck everyone.
Best regards,
The Elysian Team
The worst is already over and now is the time for bitcoin to recover. Right now after the price surge from 6700$ to 8200$ the 24 btc trade volume has dropped greatly. In bitfinex the btc trade volume from 97k bitcoin had dropped to 32k bitcoins. This means that big investors have stopped buying bitcoins and big dumpers have stopped selling bitcoin. We already have a stable market right now but we have a slow movement in the market.