In my opinion no not when i look at 6m btc simple chart.
Its trajectory looks stable many traders have posted ideas about it being shorting to 6k levels to dump to those levels from where it is unlikely.
However it is volatility that’s what we try to foresee but it has not reached the levels where it was before the covid dump occour.
may be they base their 6k prediction on basis of events like halving but who knows in my opinion thats not hapening.
Its trajectory looks stable many traders have posted ideas about it being shorting to 6k levels to dump to those levels from where it is unlikely.
However it is volatility that’s what we try to foresee but it has not reached the levels where it was before the covid dump occour.
may be they base their 6k prediction on basis of events like halving but who knows in my opinion thats not hapening.
first they say its correction which is possible as after the initial dump it was supported to 5k levels and later on more supports got built, then the 10k hits cause another drive which in the past week or two have dimmed a bit, with over selling and lack of buying the price could see a down but is it going to be 6k ? still seem far possible but not without more logics or reasons behind this movement. and what about the ones anticipating 10k to 15k drive some even predicted 31k triangles in their ideas well anything is possible, trade wisely