Post
Topic
Board Speculation
Re: Bithumb hacked: price went up = good sign?
by
snipie
on 21/06/2018, 18:42:51 UTC
that is because the rise for halving started about a month before the actual event in both cases (we had only 2 halvings so far and both were the same).
price went up a lot before the halving, halving happened, price dropped for correction, it stayed stable for a while for accumulation then the rally continued. that is why you think it didn't move for weeks.

You are correct and that's the point. The bitcoin price movement is complex and depends from many variables. Having good news while a correction is about to happens will not prevent the price from dropping and vice versa Wink