If it reaches $8000, we can confirm a double-bottom of 6k.
This usually sparks FOMO, but since bitcoin whales are mostly neckbeards wanting to troll the market hard, and it was proven in the past that TA wont work with bitcoin, we can see it falling as well.
In any case, go long, the halvening by 2020 will be big business, for any of us.
Agreed, most of the time, technical analyses that 'proved' to be the most plausible event that's going to happen isn't even showing up due to bitcoin's nature fucking them up. Due to that, most technical analyses are somewhat unreliable, though still plays a big role since the market is slowly shifting to a somewhat forex-like environment due to the institutional investors flocking towards the crypto fad. The halving is still a long way to go, but it certainly would put up some form of psychological imprint that everything would go nuts which might result to another FOMO.
