Re: Crypto Market Records Decent Gains But Bitcoin Has to Rise Above $4,500
I would not take a short position as it stands right now. Bitcoin could easily get a green candle wick up to 4.5k-5k in a short amount of time. We've seen this type of movement happen time and time again. Also you usually want to do the opposite of what mainstream media is telling you to do. They are calling bitcoin dead which means you should probably be picking up more 
They did the same thing with apple stock, they told everyone to buy at the all time high and now it is down 40%.
They did the same thing with apple stock, they told everyone to buy at the all time high and now it is down 40%.Tell that to the bots. Lol. But the real problem today is that speculators are just shorting bitcoin. Just look at the price today, there's a sudden spike from $3800-$4K but as soon as it goes for as little as $4100-$4200 again, we will see another sell-off.
I guessing that this will be pattern for the next couple of more weeks until we see a clear sign as to where the price would really go. But I'm fine if the price goes on a long trading sideways though, it means that investors are just observing, but are more willing to enter once a clear pattern of bullish starts to emerge.