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.
I believe that there will be a huge pop up again because most of the countries today are now legalize to invest on cryptocurrency since there is a huge pump last december before the year ends.
I wonder where you got that news from with most countries today legalizing cryptocurrency.
The adoption is going in great but just very few countries, have always been adamant to adopting cryptocurrency or even allowing it all and majority are not even saying anything but does not make it illegal, and few have also found a way to legalize and regulate it.
Now, pump or dump should not be a focus of a real believer or investor, they are just ways for some whales to scare the weak hands from the market, and with that, there will always be room for more growth as time goes on. We, the bitcoin community must keep faith and must remain calm in between time rather than listening into FUDs.