Bitcoin likely will never go below 7k

in LeoFinance5 years ago

The reason why I think BTC won't go down below 7k is because of the halving. The demand for BTC hasn't decreased that much. But the new supply has been cut to half. People don't seem to understand how important and significant it is.

I agree that it may flash down to 6k but will likely quickly recover. Historically, halving has had a strong and long term effect on Bitcoin price.

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I also agree with you, BTC may never see 7k again. If BTC see an upward move soon, Even going below 8500 become impossible