Guess he has realised his price target this month isn't going to be anywhere near close.
$93k does seem to be a bit of a stretch to be calling that a kind of "worse-case scenario" for November (as he called that in July/August time-frame) .. .bitcoin no does not seem to work like that... but hey, we still have around 18 days for the month to close out - as had already been mentioned by a couple of posters.
Just one thing in my mind...
Nobody talked/talk here about the release of 140K BTC from Mtgox (should be very soon) ?
I assume it doesn't change the long term view on BTC... But into this bull market cycle (still quite calm and not so explosive as many expected/expect till now) , I am curious to see how the market can react at least on a short time view. Some drop again? 52K? 42K?
I do agree that there would likely be a decent amount of selling pressure from the MTGOX release of 140k BTC, and even though we likely do not know all of the details, there are a certain number of those coins that would be getting released to third-party entities who have bought those coins off of the original account holders, so a certain number of those coins would be sold - whether such sales are attempted strategically to NOT move the market or are attempted in ways to push the BTC price down is still to be found out.
On a personal level, I am not very concerned about the BTC market NOT being able to absorb such coins, and I doubt that there is any major fear for $52k or $42k, even though those price could happen as well. Whether bitcoin is transitioned from its current bull market (or even inability to meaningfully pass through noman's land) to a bear market is also a possibility, but seems to be on the minority side - at least at this time... In other words, I will believe it when I see it (if I see it).
On another level, of course if we ever start to witness what seems to be any kind of meaningful reversal in momentum, that is going to be attempted to be played as maximally as possible to attempt to scare additional HODLers out of their coins.. so surely, if extreme corrections can be accomplished based on all of the circumstances to couple both psychological factors with actual physical dumpening of coins, then we are not going to put it past the bearwhales to play such card(s) to as much of an extent as they are able to accomplish.
On the other hand, we have all the positive fondamental from the BTC side : ETF, GAFA owning BTC (corporate or individuals), legal tenders started in Central-South America... And if we are honest, on 2015 or 2017 we even didn't think about these points. So should be VERY bullish now IMHO.
HODL.
WE also have various BTC price prediction models of stock to flow, four year fractal and exponential s-curve adoption based on networking effects and Metcalfe principles that would suggest that we have not experienced any kind of significant or meaningful blow off top, yet... so having the 56% correction in May/June/July and then revisiting the ATH.. seems to lend quite a bit of credibility that the UPside movement of this here little party cycle has not quite come close to playing its course, yet... So those kinds of factors should be taken into account, including the fact that experiencing 10% to 15% to more than 30% corrections (even during the upside portions) of a bull market exponential UPpity price periods has not been unusual happenings in bitcoinlandia.. even to shake out a decent number of weakeling and whiny hands along the way.. and sure the smarter of them might just shave a little off in order to not be too overloaded in BTC, but for sure, there are always a decent number who end up selling too much too soon.. and speculating that they sold at or near the top when then end up selling somewhere below 50% (and sometimes even 25% or lower) of what ends up being the actual top, so when bitcoin goes the remainder of its way UPpity, they have either no coins or hardly any coins to sell on the way up. Happens every cycle, even to some seemingly smart HODLers.
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