Whatever the stock market does.
Period.
And despite today's very optimistic rally, there is quite a lot of consensus that the recession is just starting:
www.marketwatch.com/...jp-morgan-2020-04-06
So... while Bitcoin COULD go to 8k this month or even higher, I don't believe the bottom is in: for Bitcoin or the stock market, unfortunately.
I really do hope I'm wrong.
Period.
And despite today's very optimistic rally, there is quite a lot of consensus that the recession is just starting:
www.marketwatch.com/...jp-morgan-2020-04-06
So... while Bitcoin COULD go to 8k this month or even higher, I don't believe the bottom is in: for Bitcoin or the stock market, unfortunately.
I really do hope I'm wrong.
Comment:
Also - I see a lot of people irrationally bullish around the halving. Given Bitcoin's very clear and direct association with the stock market, the halving will have absolutely ZERO effect on Bitcoin's price. If BTC continues up from here, it won't be due to the halving, it will be due to the stock market, and there's no way the halving will be able to save Bitcoin if the stock market keeps crashing.