Quote from: cellard on August 11, 2018, 05:32:55 PM

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.

At $6000 looks like strong resistance level since we have crashed many times to that level but didn't fall much beyond than that,so it means people use that $6000 at reference to buy and waut for that bump to happen and later to sell for decent money.But as a true bitcoin believer we need to hold it more to bring up the prices again to the next level.