We have had plenty of these increases on the way down this year, and non of them resulted in anything of significance. I thought it would make people realize how useless these increases really are, but nope.

People expect different outcomes time on time again, and that while the market clearly isn't in the mood to show any signs of bullishness. We should be happy that we're still over the $6000 mark.

The market did extremely well respecting its main support level around $5800 which is an achievement on its own, especially during a bear market where the demand has dropped this much. Don't anyone dare to call $6000 low.