Bitcoin Halving will lead to next ATH
In the coming weeks Bitcoin will be making a big move. No one really knows what direction it will go. However, one thing I do know for that is is highly probably is that Bitcoin will not make a new ATH this year or the following year. My reasoning stems from the trend that Bitcoin has been on since its inception. So far Bitcoin has had two halving periods. 2012 and 2016. Each year began with Bitcoin initiating a bull run into and beyond the halving period.
Thus, short term I suspect Bitcoin will continue to go sideways and potentially develop a massive consolidation triangle. This is my "bullish case." Personally regardless of what happens when Bitcoin breaks the symmetrical triangle I do believe that Bitcoin will go on a bull run at the beginning of 2020.
If you like this idea please follow. I will be beginning to post all my trades and ideas here on trading view.
Thus, short term I suspect Bitcoin will continue to go sideways and potentially develop a massive consolidation triangle. This is my "bullish case." Personally regardless of what happens when Bitcoin breaks the symmetrical triangle I do believe that Bitcoin will go on a bull run at the beginning of 2020.
If you like this idea please follow. I will be beginning to post all my trades and ideas here on trading view.
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