Originally posted on 06/23/2021:

The price of everything is supply and demand. After a halving, the creation of bitcoins is cut in half and miner's rewards are cut in half. A bull run always occurs after halving. Many have been profitable using the same tools that they use in the stock market. Personally, I think that everything used for the stock market should be thrown in the garbage when predicting bitcoin prices. Halving and current news create bitcoin movement.

This run didn't come close to the runs of 2013 and 2017. The price should have flown right by $60k. It looks like institutional money will change old patterns. Old patterns say that we should go under $10k. My hopes are that the bull runs and crashes won't be to the extent as they were in the past. Institutional money has changed the game and we hit the floor. This is one time that I'm unsure of what will happen. Gun to my head, we won't go under $25k ever again.