Bitcoin (BTC) hitting $6,000 again is non only unlikely but would be "apropos," a well-known commentator has told Cointelegraph.

Speaking in a marketplace discussion with Cointelegraph, EzeeTrader partner Charlie Burton said that should electric current market behavior continue, those waiting to buy in closer to $6,000 will confront disappointment.

Burton: A fast move volition come for BTC

"...I remember we'll take upside and then we'll accept downside over again, just to the point where a number of players will simply go bored and move on," he said. Burton continued:

"And then in that location'll exist a fast move that'll come, and a lot of people will say, 'Oh my God, why was I non on that move?'"

BTC/USD was trading at around $8,600 on Monday, having gained most iv% over the weekend.

As Cointelegraph reported, a number of toll indicators are flipping bullish for Bitcoin under electric current weather, providing strong suggestions of bullish momentum on both a brusk and long-term ground.

"I think the market has washed a good job of shaking out a load of people into 2022 and 2022, merely I think it's probably a dissimilar type of shakeout now," Burton continued.

A "poetic" denial of bears

The comments broadly echoed previous market place discussion guest, Peter Brandt, who also argued that buyers planning to enter at $6,000 had "already missed" their opportunity.

"The weak hands are out — the potent hands own it," he famously summarized last weekend.

Swain guest YouTuber and Twitch regular Eric Krown appeared to agree. Based on technical assay, he suggested that it would exist "poetic" if Bitcoin denied the lower levels demanded by some traders.

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