Market still bullish, but now is consolidating between 5900-6200. If Btc broke 6200 resistance June can hit 7000
We do not have to wait for June. Bitcoin has already passed 7000$ in May. But i think all this big bitcoin movement is result of some manipulation by the whales. USD Tehther issue at bitfinex and Binance withdrawal disable can be considered as two major factor why the bitcoin prices are rising too high. I also have a feeling that once the binance will open withdrawal, the bitcoin might dump hard.
According to CZ, the withdrawal options will be open early next week, so we might see some more waves before finally seeing some retracement. If I'm not mistaken, you need to exchange tether to bitcoin in bitfinex in order to withdrawal and that explains why the price of bitfinex is at a premium at that exchange. So let's see early next week if we are going to see huge dump or it the run will continue to $8k. There are some resistance at $7400 already, but we will see if we can go back again or a pullback is already happening.