An insider with his ear on the tracks, whispered to me this:
The next much anticipated halving event will be a dud. There will not be a parabolic push up in price. It will steadily move sideways in the 5,000 range with low volatilty. Baffling everyone and flattening peoples interest in bitcoin. Meanwhile people will start buying and trading alts again and stablecoins will see a significant rise in popularity especially with big corporations.
So much for making big gains from the next Bitcoin halving event. You are all shit out of luck?
I totally agree with this and said it on a different thread.The next much anticipated halving event will be a dud. There will not be a parabolic push up in price. It will steadily move sideways in the 5,000 range with low volatilty. Baffling everyone and flattening peoples interest in bitcoin. Meanwhile people will start buying and trading alts again and stablecoins will see a significant rise in popularity especially with big corporations.
So much for making big gains from the next Bitcoin halving event. You are all shit out of luck?
There is an ABC correction occurring as we speak, heading to 5k, even probably below.
I don't know if halving will have an effect but if it has an impact, it won't be before years 2023-2024.
In the meantime, sell at 8k or 9k. My opinion
PS: the halving effect predicting BTC price to climb up above 20k next year is one of the dumbest I have ever read, sadly. Even though someone else predicting 25k for next month (in the Observing Price thread) probably takes the cake.
