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RE: What happens next Bitcoin price action?
too many are speculating for prices arround ~ 3.600 - 3.800.
everytime someone buy, someone has to sell - both are thinking they doing a good trade.
-> Are there as much, thinking: SELL lower < 4.000 is a good deal as wanna BUY there -i dont think so
4.000 is good -f.b
That may be the case, many sellers dumped below $5000 though, panic selling perhaps. You could also argue though if it breaches $4000 more people will panic sell below $4000. It's all psychological, markets do not behave rationally.