It’s just a bear trap before we reverse Bart and finish off the inverse head and shoulders before we expand into right horn of bull.
Well we did see a H&S shoulder when we did touch $4K, that's why I thought it really very critical because if we pass that market I'm sure we can push to $4200 easily. However, we all know what happens next, it didn't sustained that's why the price suddenly plummeted to the levels we are in right now. I wouldn't call this dead cat bouncing as well, it's just forming another pattern of bullish but the bears is still in control though.
Yeah, a pump and dump trend since last year and maybe it will continue for more months before we see a the real trend. Bear market stays so much time in this market, and bitcoin is in the good position now to start the bull market again. A small pump is just a small breathe of the market, there is something more that is hidden behind the bear market, soon it will come.