Based on the power law model, we can see that Bitcoin has respect it since its early days. Right now we are in a consolidation phase, a very common phenomena prior to a halving period. We will most likely continue throughout Q1 and Q2 of 2020 in a slow uptrend consolidation phase prior to the Halving, after it (in Q3 and Q4) we will start to see an accelerated price movement to the upside, due to the decrease in demand.
Exact price predictions:
-In the near future we will experience some resistance at 10200 USD
-Once we break through, the 1st parabolic will occur and the maximum price will be around 25k-30k USD
-After that we will probably enter in a new bearish phase to retest the 10k to 13k USD range.
-BTC will resume its 3rd Halving bull run to break the (new) all time highs between Q4 of 2021 and Q1 of 2022, going into new price discovery mode probably topping out at around 100k USD.
For 2020 I expect Bitcoin to raise in value initiating the first parabolic move between July and September.
Exact price predictions:
-In the near future we will experience some resistance at 10200 USD
-Once we break through, the 1st parabolic will occur and the maximum price will be around 25k-30k USD
-After that we will probably enter in a new bearish phase to retest the 10k to 13k USD range.
-BTC will resume its 3rd Halving bull run to break the (new) all time highs between Q4 of 2021 and Q1 of 2022, going into new price discovery mode probably topping out at around 100k USD.
For 2020 I expect Bitcoin to raise in value initiating the first parabolic move between July and September.