What happened to the HYPE?
To say the last 36 hours has been a complete waist of time is an understatement. The halving was just about as exciting as throwing yourself a surprise party. I guess those that were saying that we were already priced in, were right. It is almost funny how many people thought they were going to be BITCOIN rich simple because of the halving. I've read stories of people who borrowed large amounts of money and bought BTC at the top. What are they going to do now?
I suppose the only thing to do is wait, then wait some more. I think most people are sitting on there coins and hoping. Hoping that this is not the rocket to the moon they have been waiting for. We never even got ignition!
The ones in control ( Chinese ) will systematically drive the price lower and squeeze as many panic sellers as they can. Until the actual dump starts. IMO.
This is actually a solid number for BTC. Im sure in the future we will see a higher price but we will also see a lower low than we have seen in some time.
I would say we are looking at at-least a week before people relies there is no rocket leaving to the moon, any time soon. The question is, what does NEW money do with there bitcoins. I think the absolute novice will panic sell when we break $600.00. I think those stuck holding the BAG will attempt to leverage and trade with margin to try to re-coop some loss.
What ever does happen, BTC is primed for the day trader once again. I follow the market, I am not BEAR nor BULL. I simple choose to make a daily profit which ever way it goes. This halving was yet another lesson, bitcoin never does what the masses expect her to do.
Good Luck, I wish you all the best.