It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?
I'm torn. On one hand, this looks like a bullish consolidation. We also had a big wick off $3600, indicating a lot of buying pressure. But the longer a flag/top consolidation gets, the more often it tends to break down. So I think there is a decent chance that we get at least a pullback to build support at $3,800-$4,000 if we don't get a retest of the bottom. But I'd still expect to to continue up after this.
On the other hand, you might be right. Maybe it's a "sell the news" event. We did rise considerably with the BIP91 hype and Segwit lock-in... now that it's all done with, who knows?
All i know is, I'm happy if it dumps.....I would love to buy some in the $3,000s.