I don't normally spread FUD or conspiracy theories. However, we all know BTC market is highly manipulated (as well as all crypto markets). Now that halving is approaching, it would be great time to make a mega dip.
The hashrate is currently going up despite the halving, the blocks are full and there is lots of BTC longs. Ethereum hard fork might lead to cash out of DAO holders (ETH->USD, ETH->BTC->USD). Next difficulty will be calculated after more that one week.
Could this scenario be possible (by big BTC miners):
- Crash the BTC price around the halving (short)
- More and more miners shut down their equipments (even manipulators might shut down their equipment temporarely)
- Solving blocks take more and more time. Blocks are full, BTC price tanks
-> close shorts and buy the dip restart the miners. Wait for situation to normalize.
-> Bull trend continues (European banking troubles, Italian turmoil)