It's definitely getting interesting. If you take recent positive news into account, this could be an orchestrated move to push prices higher. On the other hand we've seen positive news to often leading to lower prices.
What's funny: Everybody "knows" that if $200 is breached it will without doubt (!) lead to much lower prices. The public knowledge about this makes me think it won't happen (this time)... I can see prices hovering in the 200$ to 350$ range slowly amplyfying with consecutive break-out (pre halving) + massive setback afterwards. This means no ATH for a long long time!
Want the hard cold truth? From a trading PoV, BTC now is just not worth it, period.
Better trade LTC & alts which move faster, don't have the fork issue and the public is less aware of them (so big moves are much easier).
The current move was initiated from LTC which all these days shows much more resilience in absorbing the selling pressure.
Halving is beginning to impact it I think.
Indeed. I was an "only bitcoin will prevail" ideologists for far too long. Trade/hold LTC, XMR and ETH for now.
Mike the Great & St. Gavin (I hate them, just kidding) actually realised this and wanted to reboot BTC asap (with better parameters) before the competition eats it.
They know well that after all BTC is just another coin in the list (please don't even start the most secure PoW crap here) and TPTB in order to participate will not tolerate Max Keisers, Karpeleses, Loadeds, Goats, Sheeps, etc etc
They need a better percentage for themselves.
BTC is in the grey area between better statist alternatives (XRP, ETH, etc) and better underground ones (XMR, even DASH etc).
Ordinary Joe has NO reason to get involved (except the more efficient fiat entries) & the main target group for it is what all these VCs and banks are investing at.
So they had to make it more sexy for them.
BTC has become the SP500 for cryptos.
