More upside of BTC is approaching this year 2020.

[finaleshot2016]

We already reach the 9k peak again since last week and the rally is still going on for 10k peak.

I think this meme really fits the value of Bitcoin at this moment.



It seems bitcoin's price stays a while in the range of 8500-8900$, but now it surpasses 9000$.
As of now, they're starting another run to claim 9200$ bitcoin price.

I've just read some of the traders' articles and posts that there are possibilities for the latest price movement to be close to the 2015 bitcoin chart. According to the context of bitcoin's halving and the 2015 chart, the pump could be more likely to happen this year 2020.

Zoom in version: in 2015, 1st consolidation in a bull pennant at the retest of the descending triangle horizontal.

And that's going to be another reason for you to keep more and make a long-term investment in BTC.

[The Cryptovator]

No, I don't believe this kind of chart. What happened on 2015 it doesn't mean it will happen on this year as well. Current price trend is just for halving FOMO in my opinion. You should notice even current epidemic but price is still on good move. I have seen previously some peoples draw pattern like 2013/2014 and so on, but BTC didn't follow that pattern as I remembered.

Investing on Bitcoin always profitable if you could hold it gor longer. Otherwise it wouldn't bring any benefits for you if you can't hold it longer.

[Tytanowy Janusz]

No, I don't believe this kind of chart. What happened on 2015 it doesn't mean it will happen on this year as well. Current price trend is just for halving FOMO in my opinion. You should notice even current epidemic but price is still on good move. I have seen previously some peoples draw pattern like 2013/2014 and so on, but BTC didn't follow that pattern as I remembered.

Investing on Bitcoin always profitable if you could hold it gor longer. Otherwise it wouldn't bring any benefits for you if you can't hold it longer.

Agree in most statements. Bitcoin is new asset that change it's market parameters very fast. We should not expect that 10 mln $ daily volume asset (2014) will act like 10 bil $ daily volume asset.

But i do not agree that we are bullish only because of halving FOMO. Its definitely not "buy rumors" times. 10 days before halving its more like "sell facts" time. Almost every halving (also altcoin halving like LTC, BCH) rally peak was about a month before halving. We should see selling pressure from halving fomo guys not buying. Current situation is more like a run from FIAT event rather than halving event imo:

2-FED just announced 2.3 trillion $ print "fighting with covid-19" (it's not the first print last month). Doing that they increased whole world money supply by ~3%. During single print. In my opinion it may have bigger fundamental influence on bitcoin price than halving.
the broad money supply ($80.9 trillion).
Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support the economy

In conclusion this market reaction on halving will be complete different. Its different asset during different market condition and different trigger event (even if its called the same first halving decrease inflation from 25% to 12%, second halving from 9% to 4,5% and third one will decrease inflation from 3,8% to 1,9% - we are getting closer and closer to dust)

[pooya87]

i don't think we can expect the same exact repetition of the past but things will be very similar as they already are. right now it has all come down to resistances. we already had one strong one at $8k that was broken and price shot up to $9k+ and now another one is at $10k and if that breaks within the following days we could easily see the repetition of previous halving hyped up rises again because $10k was the level previous rally (a month ago) stopped at before the COVID panic sell started.

[exstasie]

No, I don't believe this kind of chart. What happened on 2015 it doesn't mean it will happen on this year as well.

Yep, this type of fractal analysis doesn't usually work. I tried to cherry pick patterns like this for a year or two before realizing it's a complete waste of time. It never plays out exactly the same.

And If I were to draw any parallel based on the price action and historical context, March 2020 and January 2015 have much more in common. I think some traders are seeing what they want to see and ignoring the larger market structure and context so they can hold onto their pre-corona bubble projections.

Who knows though, maybe immediately after the biggest single day drop since April 2013 BTC can spring into a bubble, even as the global economy crumbles. If any asset can do something crazy like that, it's BTC. However my experience and intuition tells me that like mid-2013, the market will consolidate and test downside supports first. A higher low is probable.

[Naida_BR]

10k is not going to be the peak.
After the halving event we are going to see a huge increase in the bitcoin price.
From now, 10k is very possible to happen before the halving event as just a starter of this upward trend.

[buwaytress]

Just another test, so far no success yet, and I keep saying that 9k to 10k is a meaningless road -- volume seems to always be the least in this range, it's really as if psychologically there is no difference once you hit 9k, 10k is in sight and that's what matters. Then again, this is halving rally as it appears so anything's bound to happen. So far Mr Vays wrong?

[BlackFor3st]

We already reach the 9k peak again since last week and the rally is still going on for 10k peak.

I think this meme really fits the value of Bitcoin at this moment.



It seems bitcoin's price stays a while in the range of 8500-8900$, but now it surpasses 9000$.
As of now, they're starting another run to claim 9200$ bitcoin price.

I've just read some of the traders' articles and posts that there are possibilities for the latest price movement to be close to the 2015 bitcoin chart. According to the context of bitcoin's halving and the 2015 chart, the pump could be more likely to happen this year 2020.

Zoom in version: in 2015, 1st consolidation in a bull pennant at the retest of the descending triangle horizontal.

And that's going to be another reason for you to keep more and make a long-term investment in BTC.

You have a point but everything can happen in the market especially that we are currently facing a pandemic right now so we should expect that this year the chances for bitcoin price to continue increasing is still 50/50. Every bull they trigger the bull season so we are a little bit hype right now and I am hoping that this will continue so we can see a better market this year 2020.

2015 and 2020 is not that the same even if the chart is almost the same because of the situation that we are in right now but if we can successfully break the 10k$ and 12k$ barrier by this year then we can safely say that we are already in bull season.

[sunsilk]

I have my savings for bitcoin and keeping to until the right time. I'm long term for bitcoin and with specific amount although, if I have to sell, I have to sell.

The month of April has been impressive and probably the next month after the halving will also be the same. But I'm not forgetting that there will be supposed to be corrections following the halving.

[Juggy777]

We already reach the 9k peak again since last week and the rally is still going on for 10k peak.

It seems bitcoin's price stays a while in the range of 8500-8900$, but now it surpasses 9000$.
As of now, they're starting another run to claim 9200$ bitcoin price.

I've just read some of the traders' articles and posts that there are possibilities for the latest price movement to be close to the 2015 bitcoin chart. According to the context of bitcoin's halving and the 2015 chart, the pump could be more likely to happen this year 2020.

And that's going to be another reason for you to keep more and make a long-term investment in BTC.

No, I don't believe this kind of chart. What happened on 2015 it doesn't mean it will happen on this year as well.

Yep, this type of fractal analysis doesn't usually work. I tried to cherry pick patterns like this for a year or two before realizing it's a complete waste of time. It never plays out exactly the same.

And If I were to draw any parallel based on the price action and historical context, March 2020 and January 2015 have much more in common. I think some traders are seeing what they want to see and ignoring the larger market structure and context so they can hold onto their pre-corona bubble projections.

Who knows though, maybe immediately after the biggest single day drop since April 2013 BTC can spring into a bubble, even as the global economy crumbles. If any asset can do something crazy like that, it's BTC. However my experience and intuition tells me that like mid-2013, the market will consolidate and test downside supports first. A higher low is probable.

I’m not a big fan of charts hence I’m not sure whether we will see a repeat of the 2015 charts or no, but in my personal opinion bitcoin prices should cross $10k before the having event takes place. The key reason why I’m saying this is because bitcoin prices have now twice recovered from falling below the $9k levels, and it’s only a matter of time before traders push the price upwards and cross the $10k levels.

Source:

https://cointelegraph.com/news/bull-flag-breakout-brings-bitcoin-price-to-9-200-altcoins-follow-suit

[hugeblack]

I believe that there are no historical resistance levels at $ 8,000 and therefore the possibility of staying at that level was unthinkable.
So if we cannot reach 9,600 levels, we will return to levels below $ 8,000 soon.
The price seems strong, so we might see a rise to levels of $ 9,600 soon.

[Lucius]

It doesn't make much sense to me to draw parallels between 2015 and 2020, especially since this is the year in which halving occurs, and 2015 certainly wasn't. I think the circumstances that prevailed at that time were completely different from today, it's clear to anyone who remembers what happened 5 years ago.

But if we want to look back at the past halving, then we can conclude from them that the big pump that occurs after the halving is not instantaneous, but still happens with a delay of at least 6+ months, and very likely 12 + months. My most optimistic expectations for this year are that the price will reach at least $14,000- $15,000, but only if next winter does not repeat what has happened in recent months. I think it's unrealistic to expect a new ATH this year, though no one would mind it happening.

[hatshepsut93]

I think when everyone starts expecting the repetition of previous rally, it won't happen in the same way, because now everyone will be trying to take profits quickly, thus creating resistance. If you look at previous rallies, you will notice that they came seemingly out of nowhere, the market was full of FOMO and people seriously discussed $100,000 or half a million. But if people expect a bull run, it won't be as big, because people will be ready for it, so there's less room for irrationality.

[okala]

Bitcoin has made some significant move this year. I think if it is not for covid19 pandemic, we would have been talking about $10,000 at this time rether we would seeing bitcoin as high as $20,000. Bitcoin is going to end this year in strong positive.

[Oilacris]

No, I don't believe this kind of chart. What happened on 2015 it doesn't mean it will happen on this year as well. Current price trend is just for halving FOMO in my opinion. You should notice even current epidemic but price is still on good move. I have seen previously some peoples draw pattern like 2013/2014 and so on, but BTC didn't follow that pattern as I remembered.

Investing on Bitcoin always profitable if you could hold it gor longer. Otherwise it wouldn't bring any benefits for you if you can't hold it longer.

Im with this one which is actually true thats why im not really focusing that much when it comes to technical sentiments because bitcoins price can easily
break out these analysis and would go to the opposite direction but somewhat having these TA can give out presumptions on where the prices could go
but not really on precise matter which is normal.

Price is been always volatile it can either go up or down neither theres a news or not and also when each halving event do happen theres always some
sort of FOMO thing so its not actually surprising.

[Harlot]

Analysis in historical charts are pointless, even traders in the stock market don't do this since there is no such thing as "history repeats itself" in trading. Yeah sure they might look similar right now but it doesn't mean they will have the same outcome considering that there are a lot of other factors to be considered when analyzing a chart. For example if you look the chart other than the candles you will see that their volume is totally different which in the present you will see a significantly lower activity compared to 2015. Other factors like the pandemic we are having, affected miners stopping their operation, as well as regulatory changes will also take into place when considering the outcome and I know things are different compared to 2015 than what we have now.

[Dollar_Hunter]

Bitcoin has made some significant move this year. I think if it is not for covid19 pandemic, we would have been talking about $10,000 at this time rether we would seeing bitcoin as high as $20,000. Bitcoin is going to end this year in strong positive.

I also hope that, getting past $ 10,000 and touching $ 20,000 is a dream for me,
but if one day the price of Bitcoin goes to $ 30000 what should we do? 

[Coin_trader]

Bitcoin has made some significant move this year. I think if it is not for covid19 pandemic, we would have been talking about $10,000 at this time rether we would seeing bitcoin as high as $20,000. Bitcoin is going to end this year in strong positive.

I also hope that, getting past $ 10,000 and touching $ 20,000 is a dream for me,
but if one day the price of Bitcoin goes to $ 30000 what should we do? 

Same dream as mine but if we look if technically. There is no major news that will drive bitcoin to that price besides this temporary hype about halving. We have a pandemic right now that's why only few new investors might enter on this wave unlike 2015 that everyone is capable to invest.

I hope that I'm wrong that BTC price will plunge down after halving. Righ now. Its too risky to set a position if ever you are planning to trade.

[beerlover]

I always agreed that the moment halving happens doesn't really  change anything, people started to realize that I think and it makes be super happy but just because halving happens doesn't mean anything. It is a collective thing that changes after days, weeks and months even over a year sometimes. That is why everyone should be patient.

I said before that 2020 is the year of halving so 2021 should be great and people didn't really understood it, I said it because if 2020 is the year halving happens, that will probably help out investors in 2021, not to get in, you should get in right now, but to get out, anyone who buys now even after the huge pump, should be profiting in 2021, it may be too long to wait in a volatile market like this, but I still think it's worth it.