Quote from: 1Referee on April 02, 2018, 09:11:46 AM

The analysis isn't all that bad, but I'm not that in favor of looking back at the 2014/2015 situation and use that as example, because at that time the market was massively heading down due to everything that was going on with MtGox, while in current situation the market and ecosystem are in the best possible shape. I can't think of anything that's negative at this moment, can you?

If the market sticks to $6000, which I believe is the case, we very likely will be jumping upwards from this point. I however do see the importance of a sharp increase from current levels to stimulate people to start buying and get rid of the bad taste in their mouth during the last months. My short term target is $8000 for now, where if fomo starts playing a role again, we might even attempt to test the $9000 level again, but the resistance at that point might still be too strong to breach. Currently the market bounced up, just like it did a few times last month already, so let's see if this time things are 'different'. On the other hand, I wouldn't mind some consolidation as long as it plays out at +$7000 levels. No trigger = no motivation, so we need to accept that.

I think if you consider all the events today, on aggregate the sentiment in the market is very similar (if not the same) as during the MtGox events.
This year there have been several hacker attacks resulting in losses of hundreds of millions of $ (NEM).
Binance and Bitfinex, TOP-10 largest exchanges in the global crypto currency market, may completely leave Asia this year. Despite the fact that in the last week most of Bitcoin trades were paired with the Japanese yen (54%).
The BitConnect story. Continuous scrutinity from the regulators.
In my opinion today's level is a great success. Potential is high. A couple of years ago, following such news (most being negative), Bitcoin would cost 2 satoshi