Post
Topic
Board Speculation
Re: One more dump before halving?
by
EdenHazard
on 17/11/2019, 06:20:19 UTC
Honestly speaking the bitcoin market is good as of now with slight improvement and not much dump except one particular dump before week or so which provided further pump, but are these manipulation just to for whales to cash out before the halving and then invest again at a cheaper value to get most profit of out it post halving? Are we going to witness major dump before halving?
We always witness this kind of situation every time there are halving but I think this time if the price will dump, it will have a hard time to increase again. Just my speculation, I don't see some improvement with bitcoin this year but hopefully, I am wrong and let's wait for bitcoin to make another ATH's or if not, more than $10k will do.
The market has slowed down considerably and it doesn't seem like it is going to accelerate anytime soon, with that in mind I cannot see the price going above 10000 before the end of the year and it is likely that we will close the year with a negative trend, but no one should be too worried about it the halving is too close and this should be enough to attract enough investors so we can avoid another crash, but even then it is not going to be enough to get to another ATH.
179 days to go , not a long way to kickoff the halving that everyone been waiting for ...

This downtrend after a flash rise for me obviously shows how bitcoin itself is on bearish since few months ago on August right after hits the highest marks in last 20 months.
I wouldn't sell nor continue buying right now .. just fasten your set belt , a major move will occurred before the halving day, that's my short analysis based on moving average.