Well, some posts are not that popular, but I keep telling my thoughts and till now they came true. Its quite simple, every trader is nervous to buy-in on time not to miss the jump up, when it comes. But...bitcoin is unreeling its market cycle and as a grounded trader, for those who are, you see it in all its cycles and moves. Sure a jump up is around the corner but big whales are not picking up because off this market cycle. They are not stupid! There are two important stages coming (green rectangles). The 78,6% and the 88,1 %. At these levels, bitcoin is cheap and more money is willing to drive course up. Pitchfork still intact, all are waves within waves. $7500 could also give some support as this is more a psychological border. make good decisions chaps.
Great post. 5k will defnitely be a great psycological barrier to break and reversal might happen but they are definitely short lived. It is going down....Not over yet!