I am really not happy seeing this report, i made the greatest mistakes of my life last night, someone i believed in so much that bitcoin will not climb above $5400 before retracing its step back to $4500 and then speeding up to BULL, i was mislead by him and i sold my coin, only for me to wake up this morning and found out that bitcoin had broken the $5500 resistance
Not because the price breached the $5,500 level, we can now conclude that it really breaks the
"resistance".
There is no bull or bearish resistance in the first place around that level. We can't called a price level as having a strong
"resistance" if it will just lasted for about few days. Technically, the bull impact takes places on that level and the momentum continues to the current level.
What to do now? It will be a game of patience for you. Remember that not because the price is almost going to breached $6,000+, it will be surely happen. We can't just closed the doors for possible price swing to where the trend started. If you are eyeing for long term, anything around $5,000 is considered as cheap price by speculators.