What does you guys thinking about the bitcoin fall because of the CORONA Viruses catastrophe? Will bitcoin fall to $3000 in this year of 2020? And what's about the halving?.
I'm reading a Cointelegraph article now and most of the crypto trading experts are extremely bearish.They are predicting a $3000 price bottom for Bitcoin and a bloodbath in the altcoin market.The recent price recovery from 5K USD to 6,6K USD is a bull trap and the price will continue with the downfall.
The halving doesn't matter.If there wasn't a global recession,the halving might have pumped the BTC price a little bit(because of the hype),but now,I don't see such price pump coming.
It is quite difficult to expect such a thing knowing that we are still the catastrophe and we know how the people behave in response to the global market change. The bullish market that we usually think and everyone thinks about will it something to put in question and have to fail again. Believing that we are still in moving ahead for recovery and also we can't expect that Bitcoin price will turn back fast just like hype or magic anyway.