BTC looks ready to climb in a rising channel leading up to the havlening event. It's possible we see a run up pre-halvening with corresponding increased volume as the price gets to and then above $10k. This will likely be followed by a sharp decline after the halvening event as a result of old-gen miner capitulation and 'sell the news' market psychology. The key level to watch in the latter half of 2020 is $14k, which is significant not because it was the wick high on the monthly candle in July of 2019 but rather because it was the body high in December 2017. Passing this level will signal BTC is headed to all time highs.
Commento:
A break above the rising channel should validate a pre-halving run up.
Ordine annullato:
Broke below and invalidated the pattern.
