I was going to write this tomorrow but now seems like a good time,
considering 7000 Bitcoin were just stolen from a Binance hot wallet.
We see huge swings in the market every month. The bigger the spike we see, the bigger the incoming correction, and vice versa. We are just now coming out of a 16 month correction and tensions are high.
$6000 is a big mental resistance barrier for Bitcoin price action. We've been hovering just under that level for a while now. Traders are worried that there isn't enough momentum to break resistance, and they are probably right. However, if Bitcoin crashes down to $4200 support quickly, I believe the momentum from that would be more than enough to break the ice to catalyze a significant summer bull run.
I am actively saving up as much as I can in the event that this crash occurs. If so I'm putting it all into Bitcoin at $4300 with the intention of trying to ride that up and dump to another coin to attempt the mythical double run up.
