Before 2016 halving, the price went up a total of 50% and this time, when btc is getting closed to the halving, we saw this sudden price pump. During 2016, there was a little uncertainty from China, while we have now the pandemic. What do you think? Will we see 10000 above within this week and new ATH soon?
10,000 is near to achieve as we got back to above 9,000 today but the problem is the New ATH when we only a week away before the Halving.
I think that it’s better for us to just leave the expectation for a while and focus in finding another coins to invest with.
It is not very likely we see a significant rise in the value of bitcoin in the shprt term as regard the halving. Price surge is usually occur in the weeks running to the halving date, the initial momentum seemed to have waned, we may even see a drop in price. We await the long term effect, that is more realistic
Looking at the significance is truly the situation now,there are so many expectations this time but none are even closer to reality.
Just buy bitcoin and keep for the rest of this year because the effect of this halving may take year before we can felt it.