Two weeks ago, Hive dropped below the psychological barrier of $0.50. I posted about that buy point and I added some hive. Here's the old post Hive below $0.50
I was hoping for either a good price push up or a good price pull down. If Hive spiked, I would sell for a quick gain. If Hive dove, I would buy more for the next bull rush. But neither happened.
Hive typically is a pretty close mirror to Bitcoin.
For the last two weeks, that has held mostly true when comparing the chart of Bitcoin versus Hive. However, Bitcoin has registered a few more troughs that were deeper. The last week of Bitcoin is running in a similar pattern to Hive.
I am longterm bullish on Hive. However, I anticipate that the next two months will be marked by several more deep dips. External forces still drive Hive prices.
I stack and stake Leo, SPT, DEC, SPS, Splinterlands packs/cards and Hive. Have a great week and leave your comments below!