Post
Topic
Board Speculation
Re: Now that we touched $8,000, what's next?
by
Viscore
on 28/01/2020, 12:22:38 UTC
We’re already on $9k mark and may reached another resistance too. It may not only because of the corona or the Chinese New year.
I am pretty sure not because of those, these 2 has no correlation with the price movement of bitcoin and we are not seeing a crazy movement yet, what we are seeing is still a stable movement or a normal one because btc pump then after price correction then bounce back again, that's a strong movement IMO.

Halving is also approaching that many users want to grab the momentum to buy and get some profit before or after halving.
This one I think is likely the reason, the hype is real, people are buying bitcoin in preparation of the upcoming halving, just like in the past.