I know a lot of people that have been opening short positions every time we crossed the $6000 line, they thought we were going to re-test $4900 long term resistance line, and were so smug about their shorts.
Each time they have been rekt by these pumps that happen when we cross $6000, and just like pigs, shorts get slaughtered. It's really sad to see, but hilarious at the same time I guess.
How many times do we have to go through this to see that shorting Bitcoin, specially at $6k range, is extremely dangerous? This could be the definitive bottom after all, and we'll just stay there until bears run out of steam, then race to ATH begins again.
Markets are fickle bitches. Sometimes they cross that "tipping point" just to taunt people who think that line is the end of everything. Longs close, shorts open, everyone switches positions and then... surprise! It's back on the other side again! A good old sweep and rinse maneuver just cleaned out half of the retail traders and suddenly there's a lot more room for us.
This is why it's impossible to say "The end is nigh! 6k has been crossed!" It could be crossed 7 times before going back up for all we know.