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With the Bitcoin halving rapidly approaching, the multi-billion-dollar question is just how the historic event will impact BTC price.
One popular Bitcoin price prediction model has a post-halving price in the range of $55,000 to $400,000.
According to the theorist behind the prediction, people have been misinterpreting the model behind the lofty figures presented.
The analyst responsible for them has addressed the confusion, advising folks not to hold their breath for a $50,000+ Bitcoin (BTC) during the three months leading up to the halving.
Apparently some people have interpreted the already extremely bullish BTC price prediction model as even more optimistic than it is though.
Analyst Plan B addresses the misunderstanding in the following tweet:
“Some misunderstandings about S2F model: 1) That it predicts $100k by May2020. No, it predicts $100k May2020-2024 average, like the chart shows 2) Why $100k, it was $55k? Yes, the original model on monthly data (Mar22) says $55k, but a new model on yearly data $100k. Your choice.”
The analyst clarifies that the price mentioned in the original paper (and a higher target of $100,000 worked out using yearly data) is not a pre-halving prediction.
Instead, it refers to the average price we can expect at some point after the event itself.
CHAINLINK (LINK) TO HIT A NEW ALL-TIME HIGH SOON, ANALYST CALLS
Chainlink crypto, a project that joined the crypto market relatively late, is on an expansion again, promising to break its all-time record.
LINK, one of the most active altcoins that has even defied the bear market, is on a fast expansion once again.
The asset has been known for its rapid, significant appreciation boosted by activity on Binance and a strong community.
LINK remains volatile, sinking from its highs by as much as 60%, but expansions are dramatic.
This time, while an altcoin season is not a promise, most assets regain some of their value.
This translates into significant earning opportunities as altcoins move very fast. What is even more curious, LINK made most of its gains during the bear market of 2019, and has repeated price peaks in the past year.
“There is virtually little to no resistance between here and the ATH for $LINK We should see new ATH’s & price discovery next few months – this alt rebound I’m confident will continue with $BTC halving looming in the background and the bull market cycle progressing forward …”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
There is virtually little to no resistance between here and the ATH for $LINK
We should see new ATH’s & price discovery next few months – this alt rebound I’m confident will continue with $BTC halving looming in the background and the bull market cycle progressing forward … https://t.co/EvECsnOR4e
— Satoshi Flipper (@SatoshiFlipper) February 7, 2020
Some misunderstandings about S2F model:1) That it predicts $100k by May2020. No, it predicts $100k May2020-2024 average, like the chart shows
2) Why $100k, it was $55k? Yes, the original model on monthly data (Mar22) says $55k, but a new model on yearly data $100k. Your choice. pic.twitter.com/QkCFepZHpw
— PlanB (@100trillionUSD) February 7, 2020
A Bitcoin Price of $15,000 Will Make BTC Mining Profitable Post Halving
Chainlink (LINK) to Hit a New All-Time High Soon, Analyst Calls
When $100k Bitcoin? Analyst Clarifies Popular BTC Price Prediction Model
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Bitcoin’s Potential Surge: Fractal Analysis Points to $320K by May, Plus 5 Major Crypto Predictions for 2022
The world of cryptocurrency is once again buzzing with excitement as a Bitcoin fractal analysis suggests a staggering price target of $320,000 by May. This bold prediction is just one among several major forecasts outlined in the article, offering a glimpse into what 2022 might have in store for Bitcoin and the broader crypto market.
The heart of the discussion revolves around the intriguing concept of fractal analysis applied to Bitcoin’s price movements. By identifying patterns in historical price charts and extrapolating them into the future, analysts propose a potential trajectory that could see Bitcoin reaching an impressive $320,000 by May. The crypto community is keenly watching to see if this fractal unfolds as predicted, adding a layer of anticipation to the evolving narrative of Bitcoin’s price journey.
The article doesn’t stop at the $320,000 forecast; it delves into five major predictions for the broader cryptocurrency space in 2022. These forecasts may shape the landscape of digital assets and influence investor sentiment in the coming months. As with any predictions, it’s important for market participants to approach them with a balanced perspective, considering the dynamic nature of the crypto market.
For investors navigating the cryptocurrency landscape, the predictions outlined in the article provide valuable insights into potential trends and developments. From regulatory shifts to technological advancements, these factors can significantly impact the market, and staying informed is crucial for making informed decisions.
As the crypto community gears up for the unfolding year, the prospect of Bitcoin reaching $320,000 and the other predictions outlined in the article contribute to the ongoing dialogue about the future of digital currencies. Whether these projections materialize or introduce unexpected twists to the narrative, the cryptocurrency landscape is sure to be dynamic and full of surprises.
Investors are encouraged to exercise caution, conduct thorough research, and consider a diverse range of factors when navigating the crypto market. The coming months will undoubtedly reveal the extent to which these predictions align with market realities and whether 2022 will indeed be a transformative year for Bitcoin and the broader cryptocurrency ecosystem. As the crypto saga continues, buckle up for a potentially thrilling ride in the world of digital assets.
