Hi there @amestyj

It has been my pleasure to be greeted by you :) Thanks for taking the time to read and comment on my post.

This is possibly because now you have the reward in half and the cost of producing a bitcoin is higher

My main point is that I don't expect that any of those newly mined BTC would end up on the market until much later in current bull run. So sell pressure coming from miners won't only be cut in half. I would expect it to completely disappear until prices will be much higher.
I'm not sure if I made myself clear about that part.

Stay safe