The upcoming halving event next year could push it past $40K and it will correct itself after a while. Random predictions!
The market reacts quickly to any big news and at this moment no big investments are made into it or no major news that can push the prices high so they are fluctuating in the same range but yeah we can expect something big from next year halving for sure so keep hold of your coins.Next year halving will just result on short term pump when near the halving date then dump again until it corrects if there’s no positive news aside from halving that will happen related to Bitcoin. I witness 2 to 3 halving if I’m not mistaken and it on,y becomes successful because there’s a lot of positive news that time to back up the hype. I don’t consider much a huge a impact if the reason for the pump is just halving because we all know that it’s temporary hype is just the result of traders want to ride the hype then later on sell-off once the price hit the resistance.
We need something bigger and long term good news to repeat the run like we did on the last bullish cycle.
Might that scenario will happen if the threat still there regarding on MtGox refund also we can add the FTX controversy then maybe fast shift of pace might happen with this. But if all we can see are hyping situation plus back up with good news maybe for that we can see another healthy halving year the same as before. But we can't tell exact situation since for now only people can do is to predict and speculate.
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