Bitcoinist.net:

Bitcoin Never Look Back Indicator

Crypto-trader and Blockroots co-founder, Josh Rager, believes it is highly unlikely we will see bitcoin price nosedive straight to $5k. Whilst he doesn’t rule out a drop to this level, in his opinion “there would be bounces in between.”


Bitfinex Long Jump No Cause For Concern

Rager was posting in response to a chart showing a massive increase in open long positions on the Bitfinex exchange. In the past three weeks these have broken out and jumped 64%, compared to a more natural ebb and flow over the past three months.

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Source: https://bitcoinist.com/bitcoin-highly-unlikely-to-nose-dive-to-5k-right-now-analyst/