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%.That is because mainstream media is just riding the popularity of Bitcoin and they don't know how the market works. And I would agree that there are media, like CNBC who always tells about about where the price could be, but then the opposite happens. LOL. So it's better to just wait right now, but I would also advise not to short take positions, unless you know what you are doing. Quite stable around the $3800-$4000 barrier, although still bearish we might see the price attempted to breach that $4200 and hope that it will be a successful run this time.