Korea declared that is not going to prohibit cryptotrading but even this super positive news Bitcoin plays very poorly. After yesterday's rebound we were waiting for another collapse. Media one after another write that bitcoin has broken another level, investors are waiting for resolution of the situation with Tether, Facebook prohibits advertising of ICO and the Japanese exchange Coincheck XEM stole more than $500 million. There is a sense that the panic starts.
After the panic selling is usually followed by a market reversal. Educated investor buys at precisely the moment when others are selling. Besides, I see a strong fundamental factors — the launch of the Lighting Network, the introduction of soft regulation and clear rules of the game in key regions. Therefore, I believe that this is not the end of the bullish trend, but only a necessary correction, and the ability to go to market for the big players.
