Re: BTC which price it's heading next?

i'm not too sure if the halving event will benefit the price of BTC, from general point of view it mean the release of BTC block rewards into the circulating supply is getting lesser, supposedly if there is increasing demand than supply, that will benefit us in term of BTC price. However from miner point of view, it's lesser profit for them no including mining cost, electricity and high hashing power. high operating cost and low profit may act as a deterrence to miners to continue mining BTC, may result in the drop of price. in the end, it's not as clear cut as it seem, may work either way.

on 18/12/2019, BTC found strong support around the $6500 area with strong seller rejection, now price has rally to $7100 with resistance around $7,300 to $7,600, where you think it's heading next? Huh Huh

I am hoping for higher price at the end of the year, at least $8k can remain stable for December. The recovery of btc price was too hard to increase although it was expected after long fall back, bounce also will follow. That wasn't a reality for now, because there's a lot of reasons why the current market still faced more struggles which was still very unpredictable.

I am really hoping that Bitcoin can be rallying towards the $8K level within this month or if that is not really possible at least in the first two weeks of January 2020. Bitcoin has been under the claws of the bears lately and this has been the opportunity for many to get into the bandwagon as we are preparing for the next rewards halving, though sadly the market is not really exciting for now which resulted into its erratic and eroding value. I am already looking forward that eventually the halving will be pulling us off, otherwise people can be disappointed big time.