Bitcoin price prediction for 2020 and 12 years of life. This is only a speculation for learning purpose.
Comment:
Bitcoin may test the monthly downtrend at 11k in 2 or 3 weeks, wether successful or not it will retest, then head to retest 13.9k ~ 1 month from 3rd halving.
Reasons :
- 3rd halving, miners need to make money, current break even price is 3 ~ 5k, they dont invest money for nothing, so 7~8k is maybe a safe support.
- Tesla's rocket launched, if you know what I mean.
- World economy is at risk as China's current problems, meanwhile their citizens hold a lot of money, and Chinese always want to invest.
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Reasons :
- 3rd halving, miners need to make money, current break even price is 3 ~ 5k, they dont invest money for nothing, so 7~8k is maybe a safe support.
- Tesla's rocket launched, if you know what I mean.
- World economy is at risk as China's current problems, meanwhile their citizens hold a lot of money, and Chinese always want to invest.