From economic perspective (supply and demand) we are HIGHLY overvalued right now (every crypto). The market has to verify more than 99% of the empty projects and people who have invested in it, so they have to get rekt hodling those sh*tcoins. We are still in a downtrend and tons of people still have huge bags of alts and BTC. If we go up I will consider it as the biggest bull trap in history and will be crashing this market on every move up building my short position. There are lots of people who say "this is the last chance" for the 6th time in 10 months that desperately want other people to buy, so they can unload their bags. The global crisis is coming and believe me, risky assets are being sold very fast during this period. We might see 5k$ very soon as more people have invested because of "GURUs" in crypto right now and they will be selling like crazy under 6k$.