Here's my thoughts about Bitcoin (BTC) before 3rd halving on May 12, 2020
I think BTC will approach 9K and retest 9.3K level. Breakout to that level, will welcome around 10.3k. And finally no longer in the downward channel. And that's a possibly longterm upward channel.
Please also note that after halving, the production cost is $17,800. So end of this year, maybe All Time High (ATH).
Support is seen at $6,400.
Trade at your own risk.
I think BTC will approach 9K and retest 9.3K level. Breakout to that level, will welcome around 10.3k. And finally no longer in the downward channel. And that's a possibly longterm upward channel.
Please also note that after halving, the production cost is $17,800. So end of this year, maybe All Time High (ATH).
Support is seen at $6,400.
Trade at your own risk.