bitcoin halving 2020

Jan 31, 2020

Just a wild guess, I think bitcoin could need some consolidation soonTM but the upcoming halving should bring way higher prices over the next months.

Need to monitor and adjust as the events unfold

en.bitcoin.it/wiki/Controlled_supply

Feb 1, 2020

Note

price range of previous halving years 12month bars

Feb 16, 2020

Note

zoomed in on daily

Feb 25, 2020

Note

intraweek rsi is retesting the old high

Feb 27, 2020

Note

btc dumped lower than expected and found support near the weekly ma20, daily ma200 and forming a possible parallel channel.

The ma20 weekly has often been support during bull markets as marked in the chart.



This time there is a lot of panic in the global markets due to the coronavirus pandemic.
I would expect bitcoin as a hedge to this disaster but seems like people not yet believing in it. Maybe everybody waiting for somebody else to buy/hedge first? Or until central banks step in to rescue the stockmarket with more QE and lower rates?
It will be interesting to see if bitcoin can become the global neutral independent sound money we need for a more stable financial system. Printing money and inflating asset prices cant be the long term solution.