As we approach May. Demand increases due to the fear of loosing opportunity (FOMO).

The psychology of the participants gravitate towards the high possibility of a dramatic increase of the price. This assumption are based on many analogies which are born mainly from past performance & future scarcity environment.

This market mindset increases the momentum of the price rising due to a chain reaction:

FOMO --- increases ---> Demand --- increases ----> Future expectations -- increases ----> HODL ---- increases ---> scarcity ---- increases ----> price --- increases ---> Media & Public Awareness --- increases ----> FOMO & the cycle repeats.

We can have some gaps of doubt & fear but this is going to fade away as we approach the "hope" & "optimism" phase of the market cycle. Confidence will take over as we see more & more steady green numbers.

This gaps that occur in the disbelief market cycle I consider them to be at POMO (Point Of Maximum Opportunity)

When we have a chain reaction like this which is reinforcing demand previous to the stock to flow doubling. Scarcity cuts in half & the chain reaction increases in momentum, which will lead inevitably to a considerable price increment.

It looks like it....  
There is some artificial inflation of the BTC price. Pure air. When this happens is easy for the price to come down, because it doesn't have any support whatsoever.

Whales & good traders will continue to take advantage of FOMO so they can accumulate more.

I think we will revisit 8k, but just under 9k. After this dip, it looks like we are going to be saying bye bye to 8k for ever.

So, prepare those usd guys for this next dip $$

If you want to know more about my reasoning on this matter visit this topic: https://bitcointalk.org/index.php?topic=5221788.0

Note: It's difficult to predict when is going to happen, but it's highly probable it will.

[¿What do I mean by this?]

This information is only useful at this moment. 29 of january 2020.

ONLY MY OWN THEORY. I COULD BE WRONG. BUT THIS COULD BE USEFUL.
IT IS PURE LOGIC APPLIED TO BTC PRICE MOVEMENT & BEHAVIOUR.

Interference movement due to market exploration on the positive incremental price slope.

¿What do I mean by this?
It seems that BTC is taking a new pathway upward. Due to different factors, which are triggered by the pressure of stock-to-flow ratio doubling the 12 of May.

Since the 18 of december 2019, every new low has been higher than his predecessor. This is very logical, because people are HODLING harder as we approach the halving. Adding to this, the price valuation of BTC in the market is incrementing. People are willing to pay more for the token now than past month. Is highly possible this trend will continue.

This positive slope is new & fresh. The market is exploring the way up. Interference is caused by not really knowing what will happen on this uncharted territory, so by consequence the price fluctuates.

FOMO/FEAR rapid interference

Interference = High volatility

By conclusion, don't buy when the price:

1) Is rapidly rising.
&
2) Crypto index is in the yellow or green zone.

As it is exploring, the price will go up & down with lot of frequency. So don't buy when it is exploring upward.

I think its only going to behave this way because the market is very sensible. FOMO is short term. But more frequently than in december. Fear will start to fade away as we get closer & closer to April. As a result, FOMO will become more steady, which will make the upwards movement longer as time goes by.  

Before you read below, let me tell you that this is not my area of expertise & I don't know much about the technical aspects of BTC. I'm more interested in the economic side. But, I was doing some research on bills & couldn't find anything interesting.

If this has technical issues or if I'm wrong in a newbie way, you where adviced. Or even worse, maybe this has already being created & im just repeating. I don't know.

Ok so, after thinking for a while, I had an idea in which everyone, specially people who know absolutely nothing about BTC can hold it physically as a bill. And transact it without verifying the funds. At the same time, if the user wants to transform this physical BTC into digital form he also is able to do so.

¿So how those this logic work?

The only way to do this, is by hidding the private key inside the bill in such a way that you must destroy the bill to get digital acces to the funds. Otherwise it can continue circulating physically as a valid store of value & as a medium of exchange.

This piece of paper would show only two things:

1) A QR to verify founds.
2) The value of the bill in sats or btc.

In case someone has bad intentions & wants to repair the bill, so he can continue to use it without funds. Then as it was destroyed, the aspect of the bill would have an estrange look to it. This would lead to suspicion & by consequence the receiver would check the funds by scanning the QR code. Detecting it as fraudulent.

The only weak point I see in this idea is that the verify QR could not be the same as the private key with access to the funds. So, the only way I think it could be manufactured, is by a trust mechanism.

Guys, I just posted this answered in a topic & I thought it was to good not to share it with the community.

BTC could reach six figures this or next year.

I'll tell you why. BTC preoperties & utilities make it perhaps the best sound money history has ever known. What is keeping the price at this current level is the lack of knowledge & awareness of society in this matter. There is not much clarity & a lot of confusion. I think banks & the media are confusing the masses so they can win time & try to do something that can compete before it is to late. So they can retain power and control.

BTC competes directly with this 3 markets: metals like gold & silver ($10tr +), foreign currencies ($80tr +) & offshore banking ($40tr +).

It would only take a small % of one of this markets to make BTC rise to $100.000.- a coin (2 trillion market cap). Taking everything into account I see it as something very possible & easy to accomplish in the long term. So, don't stop the HODL. The current price is a bargain.

But guys, let me be clear. I don't want to ignite FOMO. Be very careful with your investments & don't put more money than you can. There is stil a possibility that everything can go to hell. No one knows. Im just talking theory here. Reality might be much more complex.

What do you guys think?  

Start buying the dip guys. Now is the moment ⏱️ to accumulate for BTC halving. Don't miss this low. I got orders from 8,3k to 7,9k. Going lower than that it will be difficult. But who knows. I still have some cash left in case it goes lower. Be greedy when others are fearful. ⚠️

Maybe you will see that I'm new in this forum, but that doesn't make me a newbie. Read the topic I wrote called "Backbone analogy for BTC current & future price movements" where I predicted that this dip would happen.

And of course this is only my personal view. Make your own responsible choices.
Good luck! 

Guys, this is my personal point of view. I would like to have some feedback & your own personal insights.

The price is just an information tool. It tells people how much the market is willing to pay for something. BTC price right now can tell us how small is the amount of individuals who really understand BTC & see it's inmense value. In the other hand, BTC price is also inflated by those who speculate on something they don't even understand. BTC hard HODL level (support) is very difficult to brake because those participants are not willing to sell something that they value many times what the market is offering. This base level is made up by highly educated people, with low time preference. Which means they are betting for the long term, don't need to cash out anytime soon & have no doubt in their mind about the real value of this technology. Metaphorically, support level could be the bottom of the ocean. Contrarian to this, the surface behaves completely different. There are lots of movements & volatility. It is because is built in newcomer, speculators, uneducated people, highly emotional individuals, short term mentality, high time preferences & so forth.

With this said the next few months the HARD HODL lvl (support) will rise steady because of the halving. Less people will sell. Miners and hard hodlers. Demand will rise because people don't want to miss out on the halving event. FOMO will build up. Whales will take advantage of surface movements. Volatility will increase due to pump&dumps with no real reason behind it.

Taking all this analogy and theory as a backbone to price movements at this time, the rise in price of BTC is manipulated & it will fall again over a rising support, I would say just below 8 thousand or 8 thousand. The supports are the price to consider. Anything above that is the insanity of the surface oceans, full of changes in the waves and weather.

After the halving, demand will double the previous supply & maybe triple because less & less people will sell due to the price ingiting. Hodlers will only sell if the price is tempting enough. The ratio demand:supply & the support levels will increase consistently until the end of the bull run. And then a new low for the next cycle will emerge (which will be much higher than the 3k of previows cycle due to new comers).

Had fun writing & thinking all this through. BTC has made my life so much interesting. I'm really impressed. If you read "the use of knowledge in society" by F.A. Hayek, you will see that BTC is described in 1945 as a solution to the problem of the modern economy. Fascinating.