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.
Maybe we should and people have to move on. Because thinking about coronavirus will give us a way to think negatively and it affects our mind. In fact, we are already in the good position, $6k plus? I may say it was good enough to think that we are in the way for recovery and might people are also learning not to sell their Bitcoin but rather to hold or even accumulate some from the weak hands. But even the markets some progressive reports, I'm still not seeing it that it goes high within this quarter. It is possible to see huge pumps in the 3rd and 4th quarters as halving result comes out.