Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 11/09/2020, 20:42:44 UTC
⭐ Merited by LFC_Bitcoin (1) ,d_eddie (1)
It feels like the calm before a storm, I think we’re going to get a Q4 bullish rally.

I do miss those prediction games.
So here is mine:

Q4, 31 Dec 2020, 00.00 UTC, $17651-$17700

I am not going to say that it is not possible, but there is a bit of a problem with any BTC price predictions for the end of the year that are between $17,250 and about $23,500 - that is the deadman's zone.. which just means that we are NOT too likely to spend much time there... so sure, you could end up being correct because we are passing through the deadman's zone and it happens to hit on your numbers.

Personally, I believe the more likely numbers are either below $17,250 or above $23,500 - and personally I think that it would be too optimistic to achieve above $23,500 in just 3.5 months - therefore $14k to $17,250 seem more likely by the end of the year...

Anyhow, just a game of probabilities rather than any kind of certainty, that's for sure.