5000 is marks the end of the descending wedge pattern that Bitcoin has been developing for several months. 5000 is also a major line of support on the chart. But then again, anything can happen it could drop below but there is a high chance that whales will step in to buy at that price.
5000 is marks the end of the descending wedge pattern that Bitcoin has been developing for several months. 5000 is also a major line of support on the chart. But then again, anything can happen it could drop below but there is a high chance that whales will step in to buy at that price.
That was previous resistance so now should act as support ($5k range).
$1500 seems extremely bearish. What indicators are you following that would make you think $1500?