in 3 days btc will try to reach 6780.i dont think it can break the resistance. then back to 6150.after that move, in 28-30 days there will be another move, if btc move up, target price is 6800 then 7300..if go down 5100 will be the support and last move will be at december (10-15) to 10k.
lets see..
Where the hell is your graph?
Anyways, I wouldn't be surprised if bitcoin moves on this direction. We have witnessed similar patterns in the past, not breaking the resistance, panic sells or bots putting their sell orders causing the price to go where it was before and then rinse and repeat.
However, I doubt that $5100 is doable at this point. AFAIK, we have seen bitcoin price going below $5800 few months ago and that will be bottom price for this year. There's also this theory going around for sometime now that the price of mining is just above $6K and miners won't allow the price to go down below that one because their profitability will be affected.
Yeah at this point breaking below the support of high-5000s to low-6000s seems extremely unlikely. This support has been tested multiple times since early February and has been the one consistent thing all year. I do agree with the OP that the price will bounce around between the last lower-high of the bear market (~7400) which seems to be over now, and the support level ~6000 for the next month or two before seeing us break out of the bottom of the market and begin the next bull market by December, though I don't think we'll see $10k in December unless it is just a brief euphoric spike signaling the start of the bull market, more likely I think we'll see 8000s in December to show the trend is at that point starting its upward climb.