Previously I had predicted, this year bitcoin would set its second best record in the fourth quarter of this year. But because of the existence of rejection a number of Bitcoin ETFs by the SEC it seems that what I have predicted will be contrary to reality.
As we detailed above, given the headwinds faced by both of these metrics over the month of August, we expect them to grow at a modest pace over coming months. As a result, we believe that the Bitcoin will very likely remain below $10,000 for the rest of the year.
I think $10K is a good price for this year. Currently Bitcoin costs about $6500, so BTC can grow up to +40% under favorable circumstances. I guess that if the SEC rejects the Bitcoin ETF this September, the BTC price will fall deeper than $6000. But their forecast will be correct in any case because Bitcoin will remain below $10K.
I really agree with your answer, but I don't think BTC will fall deeper than $ 6000, but most likely BTC will move between $ 6000 - $ 8000.