Well, the bitcoin pattern is showing strong resistance to break new gains. I was a little surprised, when most of last week showed down direction, and a lot of speculation the price fell at $ 6000. now bitcoin is breaking patterns and speculation. I hope that bitcoin can penetrate at $ 8,000 until the end of this year.
Even small increase in bitcoin to reach even 8000 dollars is already a big achievement for all of us who hodls cryptocurrency especially bitcoin. But as I can see on the market, speculation is the factor who drives the price of bitcoin why? Because it somehow manipulates the mindset of the people whether to believe the price to go uptrend or downtrend. So the frequency of fuds and positive news will be a big help, plus if they could see the whales buying huge amount of crypto, they might do the same thing as well.