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I2MPCapital
May 7, 2020 12:02 AM

Both Scenarios for Halving 

Bitcoin / U.S. dollarBitstamp

Description

From my point of view I do not have the result of this hypothesis, BTC could go directly to 11,4K$ without giving any pullback to 6k$, I not going to be trading the halving, there will be many people buying on the hype so I expect the institutional traders selling strongly to rebuy again taking better positions before going back to 11,4K$. Looking at technicals levels, the lowest price on the resistance is around 5800$ including the extra volatility that sometimes make its go lower but still giving validity to the level, we can see the extension to 4000$ on the sake out, so, from 5800$ to 11400$ there will be a swing with a potential 95% increase in value.
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