Will cryptocurrencies continue their downfall or enter a trend reversal? What is your chart study and identified key indicator.
In order to even remotely begin to answer this question correctly means you have to peer behind the curtains for the answers.
An equivalent question might be: Will sentiment for crypto continue it's downward trend, or will people start seeing the light causing a trend reversal.
I can guarantee if sentiment goes up, the prices come down for maximum burn, and if sentiment goes down to a certain point, prices will go up to lure more suckers in.
The crypto markets are under a microscope by the intelligence agencies - they likely all have their own task forces dedicated to the destruction of sentiment and to manipulate at will - they are involved with every other dam thing in the world, so you can BET they are actively involved in crypto.
Unfortunately for people clever enough to have seen the light already and who are actively involved with the crypto scene, we are surrounded 100 to 1 or better by people who haven't the faintest idea of what a cryptocurrency is. Even educated, well-groomed, and well-meaning individuals often are living completely in the dark.
The abusive nature of the cryto markets will continue and likely get worse as more eyes wake up to what's happening. The controllers MUST keep the average Joe's and Josephine's eyes off crypto long enough for them to develop and roll out their own versions before the masses swamp into the private industries' offerings.
Many markets in the world are also in precarious positions (held over the barrel) due to bankster policy, crypto markets included. They are now resorting to outright lies to create fear in an effort to preserve their world reserve currency domination. If just 10-15% of the public started moving towards cryptocurrencies, the world would change almost 'overnight'. The controllers would absolutely lose the control they have now and you would begin to see cryptos moon in price. In many markets, including crypto, if just a few percent of the dollars that are flowing into stocks and bonds started moving towards crypto, we would all start to experience the diminishment of the current system and the dawn of a new era in money.