Everyone, including the top authors, is obsessed with the 6000 level. However, they aren't seeing the bigger picture. That is NOT the level you need to watch. The trendline that has held since July of last year is sitting at the 6400 level. If bitcoin breaks this then, yes, a bounce at the 6000 level is likely but any upside is going to be rejected once the price reaches the former trendline.
I am bearish so I think we will ultimately break the 6400 level but wouldn't be surprised if we bounced and then broke down and through the trendline. If we break it and buy at the 6000 level you'll lose money if you plan on hodling.
I am bearish so I think we will ultimately break the 6400 level but wouldn't be surprised if we bounced and then broke down and through the trendline. If we break it and buy at the 6000 level you'll lose money if you plan on hodling.