According to technical analysis, it makes sense but the general situation is that people still think it will be dumped again. Because this bitcoin halving was pumped too early, it needs to be adjusted and the weekly candle confirmed the reversal candle. It is only accumulating sideways at $ 8k5 and $ 8k7. This week, the price will be dumped sharply.
does that mean? This is not a PUMP, this is a recovery, the Normal price for Bitcoin for miners before halving is at $ 6000- $ 8000, and after Halving the price of Bitcoin for miners must be $ 12000 - $ 140000, if it is still at $ 8000 miners will lose, I assume that miners will not let the price drop below $ 7,000
