- The never-ending scaling debate is weighing on the price and market sentiment is neutral (https://twitter.com/TuurDemeester/status/866640155410669570), despite the recent price rise. When a solution will finally be reached, we can expect the mempool size (number of unconfirmed transactions) to drop and the Bitcoin price to shoot up to new ATH , unleashing another FOMO frenzy (driven by newcomers and those currently on the sidelines, waiting for more clarity to re-enter).
- Technically speaking, the situation may take around 10 days to "normalize", following the recent boom and bust.
> 1-2 days: cautiously
> 5-7 days: neutral-bearish
> 7-10+ days: strongly