After the sharp drop on Saturday where BTC reached 8117, the uncertainty of the vast majority of Bitcoin Holders is visible.
8700 is a very strong resistance if we compare the year 2020 in two highs and lows.
A possibility of falling between 8100 to 7400 is possible if the price continues on this yellow dashed path and if the resistance of the 8700 is respected.
Fear and uncertainty will cause the inexperienced mass to sell their assets for fear of being left out at this event.
Anyway, my personal bet is a drop in pre halving followed by a great demand in post halving.
Legal Notice!
This post does not provide financial advice. It is for educational purposes only! You can use the post information to create your own trading plan for the market. Trading is risky and not suitable for everyone. Only you are responsible for your trading.
8700 is a very strong resistance if we compare the year 2020 in two highs and lows.
A possibility of falling between 8100 to 7400 is possible if the price continues on this yellow dashed path and if the resistance of the 8700 is respected.
Fear and uncertainty will cause the inexperienced mass to sell their assets for fear of being left out at this event.
Anyway, my personal bet is a drop in pre halving followed by a great demand in post halving.
Legal Notice!
This post does not provide financial advice. It is for educational purposes only! You can use the post information to create your own trading plan for the market. Trading is risky and not suitable for everyone. Only you are responsible for your trading.