Two weeks ago everything seemed like we were on a bullish trend towards a 12K mark. Now we're all fearing a 5K resistance level. Thoughts?
In June most thought we will see new ATH in few months time. That is how it is. Bitcoin goes from FUD to hype and back in a day.
When it comes to price speculation, I think that bitcoin is always working with opposite and that is what I have actually studied about bitcoin, at the point where you find so many fud in the forum or over the internet, that is when bitcoin usually head for the spike, but when there is good news and everyone seems to be predicting the price of bitcoin to favor us at a point, that is when bitcoin actually heads for a decline in price.
I am not really worried about some news again when I see them, the only thing that I do is to way the speculations and see where it falls more, when there is speculation favoring bitcoin, I just sell, but when there is speculation going against bitcoin, that is when I do buy and I must tell you that this method has really helped me for a while now.