Although I am really happy about the recent bullish outlook in crypto world, the last few months have been nothing if not a lesson well learnt.
So I am taking this uplifting mood of the market with a grain of salt. Particularly with 17 April just around the corner, 6000 might be very real possibility. With these these factors in mind your analysis does make a lot of sense and we would all do well to pay heed.
Although I think people who are in it for the long term would probably consider this too a bump in the road. As for me I am in it for the long haul.
RE: While Most are Bullish on Bitcoin... Could Price Instead Be About to CRASH?! (UPDATED)
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While Most are Bullish on Bitcoin... Could Price Instead Be About to CRASH?! (UPDATED)
Yes I should have stated in the post that this is not a long-term Bearish signal, just for the near future. Weekly Closing below the 5,400 level would be a long-term Bearish signal so we are still a comfortable level away from the danger zone currently! So yeah as you said 6,000 is a real possibility in the near-term, but I wouldn't go as far as saying Bitcoin will die because of this haha :P
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