Before the halving, the full prediction of Bitcoin trend

In 2019, Bitcoin once again proved to be the best performing asset accessible to the masses, with returns far exceeding the expectations of the space’s most bullish commentators.
From the stumbling rebound that started at the 2018 low of $3,200, it has risen sharply to $13,800 - about a 4-fold increase.
After such an impressive rise, especially after a nearly 85% pullback and near its all-time high, it makes sense that Bitcoin is facing some selling pressure. This textbook 61.8% retracement level will be very obvious, and this is also the breakout point for the continuation of this wave of gains. I don't mark this on the chart, but will introduce 61.8% in a different way later, and the same thing has happened during the previous bear market recovery.
Something else to note - the current rebound is faster than the previous bear-bull conversion speed in the entire bottom-up rebound cycle. This may be related to investors' attention to the halving expectations. I have discussed the importance of this event and believe that it will play an important role in supporting the price of the currency above $6,500. With the expansion of legal currency, the attention of media and politicians, and the general interest of the public, Bitcoin is gaining momentum from the perspective of infrastructure construction and credit. Although whether Bitcoin's creditworthiness can be accepted is another matter, I suspect this is an inevitable process.
As mentioned in the model I shared on Twitter, increasing demand, interest, and awareness, combined with limited supply, creates the perfect storm for Bitcoin to realize value quickly. Of course, this is based on the assumption that no black swan events occur. (For example, the US, EU, G8 ban Bitcoin)
To sum up, assuming there are no major ban events, Bitcoin will go higher and higher with the support of infrastructure construction, public interest and fundamentals.

From the perspective of technical analysis, usually, from the bear market to the bottom and then to the new high, an arc pattern will be formed. This is mainly because the broken support in the downward trend will become the resistance in the future upward trend. Bitcoin has now perfectly broken through some of the previous resistances, but as I said before, Bitcoin has now reached an area where the upward energy is temporarily exhausted and the number of short sellers has increased.
I think the bottom of Bitcoin has been formed on the weekly chart, and now investors are all smart money. From the historical market, Bitcoin may have the following situation: BTC will at least retrace to the 61.8% Fibonacci retracement line, and usually there will be a large number of longs at this place, causing the price to rise again. This happened to Bitcoin at 6,000 in 2017 (the appearance of the engulfing candlestick pushed up the price of the currency), and in 2019 we saw the same candlestick pattern and this is also the 61.8% position. In my opinion, Bitcoin may still fall back to $7,000 and then rise upward.
Another thing to note is that Bitcoin's time from top to bottom is usually half the time it took to reach its all-time high. Therefore, I think we will see the same or similar situation as before.
I think that before the halving, the price of Bitcoin may experience a round of volatility and reach a new historical high in early 2020.
In summary:
Retracement from June high to 61.8%
Bitcoin will fluctuate between $7,500 and $10,000 for the rest of the year

Exit the market before summer 2020 (sell before the shoe drops)
Follow the bull market cycle after that (Coin World)