buddy will cross the 100 straight 29k mark soon very soon.
There will be a reversal before that.
we are at 94 or 95 straight 29k marks.
As a miner more than anything else I can tell you 29k is very much an okay price for big miners.
So at the moment big mining is driving price more than speculators.
It is an occasional 'thing' maybe 10 percent of the time so sooner or later the price will go back to the hands of investor/speculators.
Yeah and historically September has been red for the Bitcoin market for most of the time. It sounds crazy but i am expecting a fall towards 25k and i am happy about that. This correction could be the last one and it is good for the market.
I see us in the 2015-2016 slot or pattern.
which means we slowly drift upwards to 60-72k right before the ½ ing next year.
A sept rollback is possible but if you look at the 8-9 month slot in 2015-2016 price was good not great for mining.
So we may not get the large 10-15% rollback you predict.
Basically we look at old patterns and hope we repeat the pattern we guess.
Since I mine and hodl more then I buy and hold. I pick the older pattern I like. Reality is who knows.