Honestly i still feel its a bull trap and bitcoin will reach down below 5800$, before real bull market begins...How many of you guys agree with this ?
Bulls trap are always there which is already part of the market environment but we can avoid them if we will know how to ride with these big whales with a perfect timing. Perfect timing is difficult but i think it is the only way to minimize our losses.
It is impossible for us to find the perfect time, but through we might overcome our loss. When Bitcoin was at 3200$ many people afraid and started selling their coins for low prices, now look at the price of Bitcoin weak hands sold their coin and this should be the main cause for dumping.