There could be more downside from here before the major run up.
Some traders are looking in a range of $6,500-$8,000, so your bearish case falls into what they are saying.
It seems the halving event was a million years ago and is long forgotten.
Posted Using LeoFinance
Fine, hope there is downside so I can buy more!!
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.
Could still be in the cards. The 10K level seems tough to overcome although a "triple top" could eliminate that level.
Posted Using LeoFinance
I am still positioned for it to happen, so hopefully it does. :)