Bitcoin had broke short term uptrend so most probable will go down till 5,000.
Here are the reasons why I think bitcoin will go up after hitting 5,000 level:
1. 5,000 will be a strong support because many people plan to buy at this level.
2. We will have more news about ICE storage solution
3. Usually winter and autumn bitcoin price rise
4. Better risk reward. At 5,000 USD per bitcoin there is more room upside move then downside.
Here are the reasons why I think bitcoin will go up after hitting 5,000 level:
1. 5,000 will be a strong support because many people plan to buy at this level.
2. We will have more news about ICE storage solution
3. Usually winter and autumn bitcoin price rise
4. Better risk reward. At 5,000 USD per bitcoin there is more room upside move then downside.
6. Overall trend is still bullish
7. More people and more people with experience in the space call for bottom.