Furthermore it seems that many low quality miners have been wiped out, and that could further help bitcoin prices rally upwards once the halving event begins.
That's because they are not anymore profitable with as the mining difficulty will increase, it's gonna be the big ones will survive in the long run if bitcoin price will not rise, therefore its expected that this halving bitcoin will rise, and it's a good sign that bitcoin is bullish now, we are at a good price and maybe next move will be $8k until we return back to $10,000.