I think very important is to hold the 7000 mark. If we dip below the double low than BTC might easily rush down to 5000. If you look at it using the charts.
Fundamentally the market is still orientating itself. First it seemed we went onto a recovery which stopped completely and the whole market went down again. Not sure if most investors are really confident now to buy at this times or if they are waiting for stronger signals.
Especially here in Asia, Korea Japan and China, were people were really enthusiastic before, some kind of resignation mood has taken over. Authorities are trying to hit hard on exchanges and investors and want to imply there own rules and regulations. That left many people worried where the whole crypto thing is heading to.
As long as we don’t get some positive news, I don’t really see the urge to put in fresh money. Even some pump could do the trick and remind people how easily the market move at the end of last year. Of course there is always some manipulation too, like spreading rumours and fud, but that’s part of the game. We just need to learn to read and use it. That’s the hard part, I’m still struggling and working on myself too.