I think if bitcoin should be able to cross $6000 again it will get ignited. The momentum will be high then and we would see bitcoin moving as it was last two years.
we don't just need to
cross $6000 again. we need to break above and then see it
hold as support. $6k needs to be a firm bottom and price needs to rise away from it. until then, most of the 2018 bagholders (who generally have buy-ins > $6k) will continue providing supply and reinforcing the downtrend.
i don't see it happening anytime soon. the absolute best we can hope for is a spike near $6k but it'll be sold into
very hard. even if i'm wrong and we already hit the bottom of this bear market, it's still gonna take months and months to exit the $3k-$6k range
You are expecting too much from this market
I'd rather say that many folks around here would be happy to sell into anything which would come close to 5k. And as I explained on a few occasions already, we may need to change our frames of reference already and stop thinking in terms of price swings in the range of thousand dollars (and start thinking in the hundreds instead like we had been doing prior to the second half of 2017)
But there is no cloud without a silver lining, and as Bitcoin volatility subsides over longer timeframes, we may see more action in altcoins. I was telling something to that tune in the past (i.e. before the recent surge), and it looks like I wasn't too far from the truth. Major altcoins (Litecoin, most of all) got a decent boost in the last couple of weeks, and not just in dollar terms but also in respect to Bitcoin itself