It could but as we see, it's going the other way. I'm also reading some TAs that's saying the same thing but as usual, bitcoin is hard to be read so for holders like me I don't usually look to the short term. There might be an incoming dip within a few weeks but this was expected right after immediate the halving but it seems nothing has happened except it's holding on to $9300. I'm firmly holding and visioning the long term.
I have the same feeling here. I think that in the next few weeks we are going to be seeing the effects of the self-fulfilling prophecies as the market is expecting that there can be some dips post-halving. On the same vein, people are expecting that towards 2021, Bitcoin can be accelerating greatly. Bitcoin remains a very elusive type of beast, and we don't really know what can be. So we might as well sit back, relax and just enjoy the ride.
Yes, for 2021 a lot of speculations come out which are full of hopes for that year and I'm also going on for that year. Whichever goes first, this year or 2021 or the latter which will show bitcoin's bullish side again. Most of the people look for the higher which bitcoin can than the last bull run.
It's all that we can do while waiting for that day. Enjoy the roller coaster, ups, and downs, bulls or bears, anything for the gain, and for the loss, it's all that we got. Buy, if goes down and that's the counteraction that you must quickly do and everyone knows it.