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.
Forgot to factor in the Coronavirus liquidity factor. Markets will normalize in time. Great time to accumulate BTC at low prices. Wait to higher lows to show buyers coming back into the market, but be cautious.
We are now in an accumulation period.