With altcoins gaining strength and Bitcoin noting minor gains the market finally felt optimistic of the coins’ trajectory. But, is this truly a recovery or another fake-out which will be followed by further losses?While it only makes sense to be optimistic of further gains as the market charts a sort of recovery, is a recovery truly in play, or is this merely a dead cat bounce?
In finance, dead cat bounce is used to describe a short-lived recovery from a prolonged decline. It usually appears in the form of a small rally after a continued downward trend in prices. At first, the price bounce appears to be a reversal of the prevailing trend, but it’s quickly followed by a continuation of the downward price move.
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