But it may reach a point, lets say 580 and we just need one bag holder to sell a significant number of bitcoins to cause panic selling.
What is that mark?
There has already been many over 25$ drops and even 50$ drop and they have not caused panic sell so why would drop from 580$ start panic sell?
And big investors who have enough to drop it more, I am quite sure they are not that stupid to go all in with their investments.
maybe it could happen panic sell when approaching halving if the price is around $580-600, then after halving there is no increase. it was definitely the people will sell at the price $580-600. because of the early goal they hold for halving.
You don't know why people think halving will make prices go up do you?
Why would people sell right at when the halving happens when that is when the price actually starts going up...
Halving doesn't just magically rise the price instantly to ath, it just means there will 54000 less coins available every month and that means price will be going up because demand for coins is still the same as it was before the halving.
