Bitcoin is up more than 6% today and is up over 82% YTD in 2019. It is crossing levels that have not bee seen since the November Puke of last year when bitcoin lost the 6000 level on heavy volume traded. It has taken us more than 5 month to get back to this important level and now we are here with some authority.
Does it get through the first time? Doubtful, but crazier things have happened. I think it is important to know that the last 80+% drawdown puke was just another “bubble” that burst and now we move on to the next one. Bitcoin will have a bigger bubble on the next runup and we will see some more coins emerge and seperate themselves from the pack. 6000 is a huge level so don’t be surprised to see the movement stop year being up 82% off the lows here. I could be wrong (and hope I am lol) and bitcoin just rip back through this level and make it support again.
Many of the OGs of the crypto world know that cryptocurrency and blockchain is not going away. The masses may realize this on the net bubble coming soon…