"Why are you so against #BTC climbing more than $80K immediately?"
Here's the harsh fact.
You should realize by now that everyone wants to buy assets at a lesser price and only those who are too hyped up will buy assets at its peak or closest to its peak.
Let me give you an example scenario.
Whale A decides to ask Whales B & C to form an organization where they'd share market decisions. They obliged and created plans for their setups. Whale A proposed to have a certain token's price increase meanwhile Whale B asked A & C to have the price increased and conduct advertisements that will make everyone think the token will continue to go up immediately. To finalize the idea, C then, mentioned, it'd be best to sell only once everyone have entered and once the price plummets after their selloffs, they'd then accumulate the token's strength in order to another wave of impulsive upward movement. By that time, everyone would already think that the token is no longer going to do rallies, when in fact it's all according to the whales plan.
Now, why are we providing this scenario?
Just think of it this way, why would they immediately enter high buy orders after BTC halving when they can just wait at the bottom and since they're already sure of the effects of halving, they can get both discounted price and advantage for price increment. It's all about timing and how you manage the available information.
Stay wise, trade cautiously.
