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RE: Now that BTC failed at $10k, where do we go from here?

in GEMS4 years ago (edited)

It's one of those things that takes weeks/months before it is actually felt in the price. The new supply/demand economics take some time to be reflected in the price. After the last halving, bitcoin dumped roughly 20% about 3 weeks post halving. I was expecting a move like that this time around as well but thus far it hasn't happened yet.

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I was expecting a move like that this time around as well but thus far it hasn't happened yet.

Could still be in the cards. The 10K level seems tough to overcome although a "triple top" could eliminate that level.

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I am still positioned for it to happen, so hopefully it does. :)