As long as it sits below $5200, pullback to $4800's is the logical move.
The logic is: too many people left out of the $1000 pump waiting for entry, and not enough current buying pressure to lure fomo buyers above $5000
$5008 is the point of control on the Coinbase chart, if there is no strong reaction on a retest, watch for breakdown to the bottom trend line at which point i would not expect much reaction, leading to testing the $4800 area.
The logic is: too many people left out of the $1000 pump waiting for entry, and not enough current buying pressure to lure fomo buyers above $5000
$5008 is the point of control on the Coinbase chart, if there is no strong reaction on a retest, watch for breakdown to the bottom trend line at which point i would not expect much reaction, leading to testing the $4800 area.
Comment:
This idea inching toward invalidation, brief selloff quickly bought up. If close above 5200 I think 5400 comes very quickly.
