Bitcoin - 12 Month Price Prediction | Crypto Craft

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Bitcoin - 12 Month Price Prediction

  • #1
  • First Post: Oct 31, 2019 2:39pm Oct 31, 2019 2:39pm
Take a look at how I determine where the price of Bitcoin will be in May, 2020 at the next halving from the previous two halving cycles.

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  • #2
  • Oct 31, 2019 4:42pm Oct 31, 2019 4:42pm
Great video and very insightful! Does the peak price/price at low utxo model fit any other cryptos? What's the reasoning behind this pattern?
  • #3
  • Oct 31, 2019 6:05pm Oct 31, 2019 6:05pm
Quoting Hasher
Great video and very insightful! Does the peak price/price at low utxo model fit any other cryptos?
Thank you.

I sincerely don't think so. Alts tend to be a different breed.

Without straying to far from this topic I can tell you from my research if there is another alt season I expect it to occur around six months after the halving or around Nov 2020.

If you think about it it does make a lot of sense being that around that time Bitcoin should be trading at a new all time high having blown past 20K and attracting media attention everywhere hence attracting many new people to crypto. They will believe Bitcoin is too expensive not yet understanding money and will try to buy cheap alt coins believing they can make more money speculating thus igniting a new frenzy.

Quoting Hasher
What's the reasoning behind this pattern?
Great question. I don't know. I am only able to analysis the data and come to the conclusion.
I would also very much like to know.
  • #4
  • Oct 31, 2019 6:46pm Oct 31, 2019 6:46pm
Quoting Hasher
Great video and very insightful! Does the peak price/price at low utxo model fit any other cryptos? What's the reasoning behind this pattern?
This article does a good job explaining and here is the main source which also densely explains (scroll down to UTXO Analysis & Market Cycles).
  • #5
  • Nov 1, 2019 10:15am Nov 1, 2019 10:15am
Quoting Kenobi
{quote} This article does a good job explaining and here is the main source which also densely explains (scroll down to UTXO Analysis & Market Cycles).
You weren't kidding about being dense, eesh! Thanks for the info though, I'll try chew through it

I'm not a huge believer in patterns (despite my monkey brain trying to convince me otherwise!) but the curious side of me likes to watch predictions play out. For what it's worth this seems like the most convincing but that's probably because it's inline with my expectations anyway.

Now let's wait and see
  • #6
  • Nov 1, 2019 4:22pm Nov 1, 2019 4:22pm
Quoting Kenobi
Take a look at how I determine where the price of Bitcoin will be in May, 2020 at the next halving from the previous two halving cycles. https://youtu.be/WZBar8uZTDg
Great analysis Kenobi.
  • #7
  • Nov 6, 2019 6:46pm Nov 6, 2019 6:46pm
That was very informative.
I really envy those who are able to predict the future but I am still new to trading so I'll try to absorb all the information you've said. Thank you very much.
  • #8
  • Last Post: Nov 6, 2019 7:50pm Nov 6, 2019 7:50pm
Quoting CryptoFan
That was very informative. I really envy those who are able to predict the future but I am still new to trading so I'll try to absorb all the information you've said. Thank you very much.
Agreed. Must easier to keep it simple and stay on the right side of the trend.

Please do watch this video.

Like, comment and share to help this video get seen by as many people as possible.

It is important we help as many people as possible find safety in this financial climate and $244 trillion global debt crisis.

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