Condition for a much more profitable ICOs?

[aghedo1]

Here is some thing that bothers all those who are invested in the ICO space, wondering if they will become profitabl once more. The CCO of Bitpay suggests that we are likely to see the space much more profitable if bitcoin is able to move above the 10k $ mark. Do you agrre with his views?
https://bitcoinist.com/icos-trouble-bitcoin-10k-bitpay-exec

[XinXan]

Right now bitcoin only needs to change the weekly trend convincingly for the market to turn around, ideally you would want to see bitcoin above 7500$ and then continue above 8500$ taking out 2 lower highs on the weekly chart. At that point the weekly trend is changed in favor of the bulls and we could see 6+ months of bullish action just like we have seen 8 months of bearish action.

[LateMoveR52]

Yes it is true that the market will get a much more stable pace if BTC gets an increase in price. But at the same time we do need people who are passionate about the market and wants to create ICO projects that will be able to sustain in the long run. Only then will the ICO projects will be able to do better in the market.