RE: Post-Halving Momentum Likely To Move Bitcoin @ $20,000?
$20,000: This Pattern Suggests Bitcoin Could Rally 135% in Coming Months
“TradingShot doesn’t believe that $11,500 is where Bitcoin’s 2020 rally will end, however, as he further goes on to note that post-halving momentum could lead the crypto to its previously established all-time highs around $20,000.
‘The Halving will then take effect and after an initial consolidation I expect the 20k ATH to be tested before the end of the year,’ he bullishly explained.
In addition to leaning on the inverse head and shoulders pattern and the upcoming mining rewards halving as bullish catalysts, he also references BTC’s position within another macro parabolic channel seen below as a reason to be bullish.”
$20000 is really conservative in my opinion, of course we really have no idea just what we are going to see price-wise post-halving, but as has been said time and time before on here, the sky truly is the limit when talking Bitcoin.
