The BTC price as of now is re-testing if the price goes below the said target 7.8k it will consider as a bearish. We have an upcoming Chinese new year, as we know lots of Chinese are now using the blockchain technology.
The Diamond area are the decision-making area as we consider hit the above targets before. The violet rectangle color is the best area to buy and it consider as a strong support. On MacD below BTC must be above the said line to confirm bullish, if not it can be a shortfall before bullish. The resistance is good with more green numbers to come these 2020 as we holders must buy more BTC before halving.
The basic explanation of BTC halving is the supply and demand the less rewards of mining the more demands. we will see for a couple of days maybe Friday or Sat. Just stay tuned for more updates!
