I agree with your assessment. I said in my recent crypto update that we will likely either consolidate sideways for a while then the price would go up, or the price would break down to $5000. There is a chance that it could also form a double bottom at around 6000.
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I think we may turn out to be right. We don't seem to be moving up enough to continue in that direction. Im thinking its going to be sideways at best for a while...then a test of the bottom again forming the rest of the W....THEN, most likely another leg up towards the moon (like when the institutions start piling into the market later this year). How about you?