The interesting thing is is that bitcoin enthusiasts tend to buy a fairly steady supply over time, this is what's maintaining the current price. Eventually dema

The interesting thing is is that bitcoin enthusiasts tend to buy a fairly steady supply over time, this is what's maintaining the current price. Eventually demand will starts to wane off after a big run up but the core people are still buying in steady amounts, then once the halving comes and the demand stays relatively steady you start to see the price trend up, this draws in new interest and runs the price up even more, then you have all the rest of the people who are tuned out and they come rushing in and you have full blown FOMO, all the people who've been buying steadily begin to cash out and the price drops off. It's happened before and it'll happen again like clockwork and that's because bitcoin is just an algorithm.