I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?
I have seeing this happened several time since December and I believe the market is making a statement and that is the current bearish market is over and the market is some how very weak that it could not push enough for a change of trend directions. $4,000 has been crossed several times since December last year but it could not be retained as it always hurry back below $4,000. The resistance at $4150 is very strong and that level need to be breaking before we can see bull run.