More harsh times for bitcoin across the horizon.
Now that merchants are stopping accepting bitcoin in their stores we can expect a significant (20-30%) drop in the next weeks.
If you make like twenty bearish calls, one of them should be spot on, just from pure probability theory. Now, can you tell which merchants stopped accepting Bitcoin and what were their volumes?
It will rise of course in the future and that is very good. But you dont know how fast it will rise and how long and that is the problem.
We all hope that it will also rise after the halving, but personally I dont think that it will happen.