Hmm.. Why does BTC look (in simple chart terms) strong

Is anyone thinking, after all this bad news, the fact that BTC dropped as it did (is this not healthy looking to anyone else??) It bounced off MA's/bounced nicely. Conclude, were mostly still holding! I hear the Bitfinex news was "old news"? Yes? Not sure, I had tether concerns from soemthing I heard a year or so ago, I wonder if this was it..

Whatever the case, I am not going to be surprised to see 5800-6k before we go lower. Charts fine after yesterdays mess, more money flowing in. 5800??

What are your thoughts? Thanks!

Comment:

obviously if it breaks red line (or ~4900$ region) without strong bounce, lower levels may be expected.. How many times has BTC been at 4700$ for an extended period?! Haha (jokes, idk!).

Im still leaning towards seeing higher before lower. This is my opinion, dont trade off it, give a comment on it to open discussion! Thx :)

Comment:

Tell me this whole run is going to come to an end? IE--- BIG drop to 4200-4600. Seems very unlikely to me, when BTC gets on a roll like this, I (again, no evidence) believe its on a role. Were not getting honeypotted at 5600. 5800??

Please share comments!