Bitcoin Price Prediction: Analysts Say Q4 Cycle Hype Ignores Statistics

Bitcoin fell below $110,500 on Saturday, losing over 2% in a single day, as investor confidence in a Q4 rebound waned. The cautious sentiment stems from analyst PlanC, who argues that relying on past halving cycles to predict price peaks is statistically flawed.

PlanC likened this to the coin-flipping fallacy and warned traders that Bitcoin's history is not guaranteed to repeat itself. He stated: "There is no statistical evidence to support a Q4 peak, and the market environment has changed significantly compared to previous cycles. Bitcoin ETFs and corporate treasury holdings have changed the game, making predictions based on past cycles useless."