Do you guys think the law of Supply and Demand has a great effect with the halving? Or its a different thing, what if because of the halving, less miners would be interested and hence less supply of bitcoin, making people less interested. I'm just stating what I think, how about you?
I believe it is not just one thing that can affect the bitcoin price. so don't look for just one cause that can change it.
supply and demand is one of them, the supply part will be affected by the halving because the block rewards Is being reduced to half and the demand is increasing everyday with new applications for bitcoin and new services that are accepting it. so more people will adopt bitcoin also.
but apart from that there is a lot of hype in the social media and whales have been accumulating bitcoin for the last six months while getting ready for a big pump and the rise will come.
and also don't decide about what miners are and aren't interested in when you have no knowledge of how they are working and how much they are profiting from their investment.