Well, the world is experiencing a difficult crisis because of the pandemic coronavirus that effects throughout the world. Because of that the market price are go down deeply at 4,000 and up. For me, I think this situation must go longer because the coronavirus is not yet done in spreading it and also there is no cure that is invented for coronavirus nowadays so that it is difficult to predict on how long can last this crisis. So that I didnt predict on how bitcoin can go low. It is volatile and we dont now on when the bull run strikes because on the situation now.
I guess this is the time that we should stop blaming the coronavirus since it gets severed over a couple of weeks but the bitcoin has a strong resistance with the current range now. There are tons of speculation about how low it can go during this crisis and how high it can go after the halving, I'll say it go low for about a $4000 and $15000 this year amidst the following world events. Perhaps, we are not seeing the impact of the current events yet that we are still staying too positive with it, hence no one's really sure of what is coming.
No one indeed can tell what probably the next market value, we are still positive even a lots of countries are already implementing lockdowns and more
economy are falling, looking with how stock market are working right now, though bitcoin still trying to push and keeping the momentum forwardly we still don't have any clear outlook whether the market will continuously be strong or it will fallback once again.