you know that spike from Nov to now? where it more than doubled? that is the halving priced in....
why? markets are forward looking, the halving is going to surprise exactly no one.
anyways daily volume is pathetic, I sold all my BTC again for a 2nd time.
Maybe I am wrong and it goes back to $1000, who knows, all I know is I am out with good profits again for 2nd time.
No the halving is not already priced in, the demand in November was from Chinese exchanges reinstating direct bank deposits plus the MMM ponzi,
now we see just a shadow of those events. Chinese miners are draining the bid side on Huobi, and the wisest path is to correct and start again.
It's possible that the later increase in western exchanges' bid side to be the "pricing in", but if Huobi crashes they'll follow.
Right now volume is low, since it's a high risk to take sides, I see more risk to be long, and little reward (can reenter later if this breaks 470$, on a retracement).