Big pop up again

[gabmen]

As we approached sub $6k and actually hit $5.9k... we see another huge pump to $6400. Impressive, a $500 dollar move up just like that, on a single candle. Someone bought a pretty decent amount of coins.

The theory of how that $5k-6k price range is the diamond solid ground in which miners will never let bitcoin go below is shaping up. Governments want to take the price down and tank it so they can buy it all but someone (maybe rich miners and other whales) keep using that range as the reverse point. Let's see if it holds. We have touched this same point so many times that the theory might be right.

I believe that there will be a huge pop up again because most of the countries today are now legalize to invest on cryptocurrency since there is a huge pump last december before the year ends.

We are observing pop ups like this many times in this market from the start of this year but these are just for the time being and we will have a great future market like we had been many times in the past. We have to just focus on things to be perfect for us and currently we have only one benefit which is to go forward for more investment so as to get it in large quantity on low price.

Well it did hold on  for most of the recent months so you have a good point. Probably a rich miner, probably a btc whale, but for sure it's someone or a group of people that has enough means to move the price.

[Big-bigger-bitcoin]

Don't worry about bitcoin price at any time because if you invest at low price then you can sell at high price in future. Big pop up always happen so don't get panic when price falls. This is common in the crypto world just hold the coins soon big pop comes. When the price is low, make use of the opportunity to gather as many coins as you can and sell them all when the pop up situations arise. I would advice you to hold back until you find a good hike in price. Try to get a good turn over.

The reason why a lot of people make mistakes when it comes to the market is because they focus their attention so much on the current market movement and with the mindset of how the market is going to be in the short term, they tend to miss the idea fully and then before you know it, they start making horrible decisions that will affect their long term hope. Whether there is going to be a big pop up or a pop down, all that matters is the future and if you cannot trade, then it is better to just go find something else doing to occupy your mind.