Looking at Mic halving contest thread:
https://bitcointalksearch.org/topic/m.53505853It looks like everybody has forgotten the retarded $100K+ in 2020 (weeee) dreams. Which is a very nice signal. But... what I can't really understand is... if most people is betting on a 6K-9K price for 1 April.... and considering two weeks before the halvening whatever front-running that there is will be in full effect (ie at its peak)...
Is most people also betting on a (final?) dump to $5K during the next couple of months? Am I reading this right?
I think a dump to $5K level before $10K, both in 2020. But the latter after the halving, as opposed to before. The fact that many more people have made short calls as opposed to longs this time fills me with confidence that would could reach $10K before halving however, and that the majority could therefore be wrong as per usual. Markets do like to have this effect on the general public.
To be honest, if it weren't because of the $14K pump of past year, current price would be perfectly right for the pre-halving time. In fact we would a bit ahead of schedule.
Once thing is sure, 2020 will be a very interesting (and critical) year for Bitcoin. And for all of us.
I agree from different perspective of moving averages & hash rate, I feel prices are still very much in line, only slightly overpriced at best.
