We have already seen price of $5500 this year for bitcoin and it may go down to $5000 again. From latest pumping of bitcoin, chances are that bitcoin may not go to $5000 but to $9000. I am ready for both, down for buying and up for selling. Lets see what comes first
well after the double bottom at 6500 dropping down back to 5500 might be devastating for bitcoin. Many people expect the 6500 level to hold because the halving is near. If that doesn't hold and we go to halving with bearish price action, many people might sell out because it would be an indicator that the bull cycle might not happen this time around.
However, I would expect the price to go up from now on just because of how much suffer there has been in the market lately, having a few longs open with the stop losses just bellow the 6500 support. Hopefully that's gonna make me some bread