IMHO
Since the large mining companies will make 1/2 the BTC when the halving occurs their profits would be cut in half if the BTC prices stayed the same
I think the current rise we are seeing is somewhat related to them manipulating the price to maintain their profitability.
I am not sure how high it will go, I originally thought 700-800 USD but we are already close to that so I would say not much higher.
It also benefits all of us holding BTC as we see our value go up.
Since the large mining companies will make 1/2 the BTC when the halving occurs their profits would be cut in half if the BTC prices stayed the same
I think the current rise we are seeing is somewhat related to them manipulating the price to maintain their profitability.
I am not sure how high it will go, I originally thought 700-800 USD but we are already close to that so I would say not much higher.
It also benefits all of us holding BTC as we see our value go up.