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"The Halving" seemed to disappoint those who were looking for a higher price (myself included). And BTC price stayed pretty locked at around $666 (hmm...?). It looks like the halving was factored in by Bitcoinistan -- that is, it was so anticipated that the price moves took place BEFORE.
To my knowledge the $682 level we are at now is the first real move since the halving. Now that we have several days "Post-Halving", perhaps that fundamental (lower BTC production) will assert itself.
"The Halving" seemed to disappoint those who were looking for a higher price (myself included). And BTC price stayed pretty locked at around $666 (hmm...?). It looks like the halving was factored in by Bitcoinistan -- that is, it was so anticipated that the price moves took place BEFORE.
To my knowledge the $682 level we are at now is the first real move since the halving. Now that we have several days "Post-Halving", perhaps that fundamental (lower BTC production) will assert itself.
I see no reason why the exchange rate won't continue to rise in the short term. I can't see this bubble popping until the mining fallout happens and that could take months. People are always really slow to realize they're losing money mining. The anticipation of each reward drop seems to move the price more than the actual event. I think we still have months of smooth sailing left. The trick will be figuring out what month to sell before the pop. I'm thinking maybe Sept or Oct.
