It seems pretty obvious to me. After every nice little pump upwards, Bitcoin corrects.
I think BTC will go up to a range of $10.5k and then dip 10-20% on the day of halving.
Some of the whales already took profits and filled their alt bags but I still think there is at least on upward spike coming.
Rip. It normally dips a little after the event, due to a runup leading up to the event. This time though, because of the virus, that process was disrupted and we didn't see the normal pre-halving rip. Now we will see it rip due to simple supply and demand effects of the halving.
It seems pretty obvious to me. After every nice little pump upwards, Bitcoin corrects.
I think BTC will go up to a range of $10.5k and then dip 10-20% on the day of halving.
Some of the whales already took profits and filled their alt bags but I still think there is at least on upward spike coming.
History still has me thinking for a small pull back after the halving, before an eventual intense rise... But I do not know :-)
Rip. It normally dips a little after the event, due to a runup leading up to the event. This time though, because of the virus, that process was disrupted and we didn't see the normal pre-halving rip. Now we will see it rip due to simple supply and demand effects of the halving.
Possible. Though we did run up from $3.8k to $10k within the last 2 months after the coronavirus dump... which means people are sitting on profits...