$6000 seems to be holding a little too falsely to me. Got to be manipulation holding us arund this range, no?
The price fell all too easily from $8500 to $5800 but recovered to above $6000 (just about) but were holding here by literally $5 - $100, why?
My conspiracy driven mind tells me were being played by whales who are still accumulating at these prices before we begin the next bull run.
It just seems so artificial clinging onto $6000 for dear life & not showing any sogns of crashing significantly below it or pulling away & going up.
Bigger forces at play here, this is not just the market.
your implication that we cannot really know what is going on behind the scenes with any kind of certainty is not without precedent.
Of course, if whales could push the BTC price down more without giving up their own coins, then they are likely to attempt such.
Even though the time frames in 2015 were different, but we spent a considerable amount of the whole year of 2015 in the $200s and there were continued attempts to bring the BTC price down, but at a certain point, they ran out of sellers.
Yeah, we keep revisiting $6k, and none of us know for sure if $6k is going to hold - but we have been here quite a bit, and we continue to return to around this price range. At some point, there are likely to be more buyers than sellers in this price range and at prices much higher than this, but I still think that it could take awhile to break above $10k and to stay there. Would be nice if we could get into the $10k striking range in the coming months, but seems to me that the odds are not really better than 50/50 in that regard, perhaps even in the 40% arena? Surely, I like surprises, especially upwards, but we should continue to prepare ourselves mentally and financially in case it takes longer than expected to get back above $10k.