BtcusdTrading Outlook

BITCOIN: OUTLOOK IN 2020

HOLDING BITCOIN

Firstly, you have to understand, how bitcoin reacted through2019.

it was posted low in January 2019 that is around, 3400 soon after flying subsequently in March where it had posted high around, 13700 levels.

since its high, we see it has drastically been on the downside and currently trading around plus 7000 levels.

BTC monthly chart snap

What we have abstracted its upward spike is about to start sooner than earlier possibly in the first quarter of 2020 (from Jan to Mar 2020)

Therefore our view for 2020 is

Buying from 7000 stop loss 5700 tp12411.

Break below 5700 would open the way of 4000&3000 respectively