I believe the May 2020 Halvening event will be a BUY THE RUMOR, SELL THE NEWS event.
BTC will break out of the long term triangle and temporarily print new lows - possibly the $6,400 range.
Then once sentiment is negative and sellers are exhausted, set your engines for a new Bull Trend and a rocket to the moon (new highs) as buyers return to the market, breaking $10,500 resistance and settling around the $14,000 range to consolidate before heading past $20,000 and making new all-time highs.
Trade timeframe: 4 to 6 months from halving event.
BTC will break out of the long term triangle and temporarily print new lows - possibly the $6,400 range.
Then once sentiment is negative and sellers are exhausted, set your engines for a new Bull Trend and a rocket to the moon (new highs) as buyers return to the market, breaking $10,500 resistance and settling around the $14,000 range to consolidate before heading past $20,000 and making new all-time highs.
Trade timeframe: 4 to 6 months from halving event.