I cant tell you end of year. My crystal ball stops at mid December. And it says its going to be quite a bad time until then - low $6k / even high $5k possible. After that its all grey mist.
I have turned on the fog lights and I find it hard to believe that we will see low levels by the end of the year.
Maybe if we all agree that Bitcoin could dump again and stop taking for granted that the halving will SURELY send BTC to new heights... then the chance for that happening would be higher. I remain scared by the amount of people expecting moon (ie: $50K-$100K) as an inevitable consequence to the halving. It could lead to a big dump even right after the halving if things don't go according to the "plan".
I agree with what you say, but my impression is that if we continue like this, I hope to finish around +/- $10,000, it is possible that this thought is due to my
BTCullish feeling.
- The hash rate has increased this year to 90 exahashes, from approximately 40 at the beginning of the year.
- Those who bought at ATH and sold are gone.
- The new ones the vast majority become holders.
- Frankly I think we've never been better.
The biggest uncertainty is the institutional issue, big capitals that want to buy cheap, these, except for a major disaster, are the ones that can shake the tree.