Let’s Revisit Anonymous 4Chan Bitcoin Price Prediction who Put $9,200 USD by July and $16K by October
- An anonymous analyst has been correctly predicting Bitcoin’s price levels this year.
- Upcoming predictions show that the value of Bitcoin will reach past $80,000 by October 2020.
There is presently an analyst floating around the cryptocurrency industry that has been making some successful predictions. The individual or group involved is completely anonymous at the moment, but they’ve already made a few statements that have come to fruition.
In a post, the analyst stated the next few months of changes that Bitcoin would see, which Crypto Potato featured on their recent article.
The full thread can be found at https://warosu.org/biz/?task=page&page=1, and the comments were posted on January 21st this year, which means that the analyst clearly already saw the start of 2019’s bull market. The analyst went on to say that this is the last few months of accumulation, which means that Bitcoin will see a slow decline before it ultimately booms.
So far, the numbers that this individual has provided has been accurate. The bearish market has been reversed, and the accumulation through the first through months of the year were met. The last part of the prediction is that the slow rise would see a boom at the end, which may start soon. As of now, the first two predictions have already come true, with the latter being reached today.
The next prediction coming up is that Bitcoin will see a $16,000 valuation in October this year, which is rather extreme, considering that the bullish market will need to keep its pace through the rest of the summer, increasing by 72% from the current price.
Since Bitcoin has risen by 127% in the last three months, could it be that unrealistic to see an increase of 72% through the next four months?
The last time Bitcoin was anywhere near $10,000 was in January last year, but that was when the price was dropping heavily from the $20,000 price point. If the cryptocurrency is going to reach this target, there are multiple resistance levels to overcome first – $10,000, $12,000, $13,000, and $15,000.
In March this year, the price managed to break through the bearish trend, jumpstarting a bullish run. Bitcoin has broken through many price levels in the process, following the anonymous analyst’s predictions only months ago, giving it some credibility.
Still, the extreme prediction of reaching $56,000 by July next year and $87,000 by November a few months later could be a little high for investors to continue investing.
Regardless of how these predictions end up playing out, it is clear that the analyst is on to something with these predictions. At the time of writing, Bitcoin was priced at $9,165.52, rising by 1.67% in the last 24 hours.
Bitcoin’s price is $34,717.88 BTC/USD exchange rate today. The real-time BTC market cap of $650.68 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $25.97 Billion and live coin value change of BTC 3.32 in the last 24 hours.