Every time Bitcoin has fallen below $6,200 it has reversed very quickly. However, Monday's weak break to the upside proved the market was already long.
If large buyers do not step up and the price cannot hold $6,200, we are more likely to see capitulation and the price working its way down to test $5,800.
If large buyers do not step up and the price cannot hold $6,200, we are more likely to see capitulation and the price working its way down to test $5,800.