As we approached sub $6k and actually hit $5.9k... we see another huge pump to $6400. Impressive, a $500 dollar move up just like that, on a single candle. Someone bought a pretty decent amount of coins.
The theory of how that $5k-6k price range is the diamond solid ground in which miners will never let bitcoin go below is shaping up. Governments want to take the price down and tank it so they can buy it all but someone (maybe rich miners and other whales) keep using that range as the reverse point. Let's see if it holds. We have touched this same point so many times that the theory might be right.
Yup! Good to see the support at the crisis. Last 7 months have been completely balancing not falling below $5K and yes this encourages the investors leaving out the hope that there wont be much fall or loss if they invest in bitcoin. The past two weeks were holding the value between $6K to $7.3K and believe that there wont be another big fall this year. The value is expected to move forward. Hope to hit minimum $8k in a week and cross $9k this month. Lets watch the show.