'' The next few days will be crucial for the value of Bitcoin, though. The Bitcoin halving is drawing ever closer, and many people expect a four-digit Bitcoin price by then. Dips like these confirm it will be much harder to reach such a price point than most people anticipated. At the same time, it is not unlikely to see Bitcoin touch US$1,000 or more in the coming weeks.''
Yea maybe it appears that reaching 4 digits gonna be hard by now after the recent drop but the potentials of btc near the halving is very important to consider
The 4-digit price would be very optimistic to say the least... I think the build up to the Halving event will be the peak and not the event it self.... people {speculators} are waiting for the hype to kick in
and push the price upwards, but the downward pressure from the early birds selling, will keep the price in the mid 3-digit range. The 4-digit hype was just that.. people attempting to inflate the price to
profit more... The real affect of the reduced supply, will only kick in, when the speculators have left and the regular buyers wants to buy new bitcoins.
