As the speculation over Btc price pre and post the 2020 Halving continues to gain attention, I thought it would be a great idea to analyse the price movement few weeks before the 2016 halving. Market Makers positioned themselves starting February 2016, price rose about 10% and consolidated for few weeks before pumping to a new 2016 High days before the 9 July halving. Same price pattern may occur before the 2020 halving with MM positioning themselves (already) or on the process of getting a suitable buying position. Since price reversed from 6435$ in Matter of hours getting above 7400$, I think the price will continue to move up and may surprise everyone reaching ATH as current conditions surrounding the Market are quite different from the 2016 halving. With more media attention, more volume and market players as well as more public attention, Btc may pump to unprecented highs.
Thanks for reading, please Leave a constructive comment.
Thanks for reading, please Leave a constructive comment.