The cryptocurrency market has been largely bearish this year, with Bitcoin having fallen below $6,000 in June. However, cryptocurrency experts who have been observing the market and considering factors other than just speculation, they feel that is a healthy correction of the market, and that the future of the market, driven by adoption, is bright.
Willy Woo, the renowned cryptocurrency analyst, recently tweeted that the cryptocurrency market this year is stronger than it was at the same time in 2014. According to his tweet, there is a lot of buying going on behind the fear and capitulation in the market. His tweet was accompanied by a chart with OBV indicators comparing the price of Bitcoin between December 2017 to August 2018, and December 2013 to January 2015.