Bitcoin Price Analysis 6 May 2020 | Bitcoin Halving

Looking at the weekly and monthly chart for Bitcoin as we approach the Bitcoin Halving.
10,500 is the critical level to break on the upside but we are likely to see at least 1-3 weeks of bearish action before we make a significant break above that level.
Worlwide weak fundamentals of fiat are providing fuel for Bitcoin to thrive.
The 6k-8k region could present interesting buying opportunities for long term holders.