It sure feels like we're gaining ground at settling over $5,000 for the longterm.
For me it feels like we are going to some big changes in the market either huge bump or dump on the upcoming days.The "up"coming days are critical.tm
I think that it is too early for $5k to hold, even if we gt a pump into the $6,200 to $6,500 arena, I am still thinking that we get around a 30% or more correction.. and then at that point we se how long it takes to rebound.
If we get a more wimpy pump, like you are suggesting, then our correction might be more whimpy too.. but I cannot foresee $5k holding under any realistic scenario in the short term.
Of course, there are scenarios, like you suggest, in which $5k never gets breached again.. .but I am thinking that those kinds of scenarios are both less likely but also would become more realistic only if BTC could breach $6,500 and go at least to $7,140 or greater... which seems less likely but surely anything is possible in bitcoin... I just am averted from counting on in any kind of meaningful way (psychologically or financially) in the playing out of scenarios that are in the less likely arena.
.... and, yes, "the next XXXXX time frame 'is critical' blah blah blah.." remains a common understanding way to to bring attention a point with a bit of flare & fun.


