BTC has broken the counter trendline and has retested it multiple times on 4H and is now moving up. Daily candle closes above the counter trendline too. This has confirmed the move for me to 5400
You might be correct. But after we hit circa $5400, I think we're in for more pain (i.e. Bull-Trap in progress now)
mohammedh
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@mhfcrypto, You was right. I was expecting this too as total MC reached a height around 167-170 billion. Checking the history in the 2017 bullrun total MC went to 167 billion before dropping one last time to 90 billion and then the bullrun commenced. I believe if BTC can close above 5K on the daily chart then we will see 5800-6000 before a final drop