[2019-8-27] Bitcoin Price 93% Unlikely to Hit $20K by End of 2019, Data Claims

[Hiraishin]

There is a 93% chance that Bitcoin (BTC) prices will not surpass their all-time high of $20,000 this year, according to market forecasts.

The latest data, from analyst “Skew” on Twitter, suggests the odds are lengthening for investors betting on BTC prices breaking records this year.

Little expectation of Bitcoin price miracle in 2019

Skew noted October’s deadline for the United States Securities and Exchange Commission (SEC) to approve two Bitcoin exchange-traded funds (ETFs) should produce a watershed moment for markets.

"October should be the most interesting month for bitcoin with two ETF applications under review by the SEC," they wrote.

All eyes on October?

Not all forecasts are as pessimistic. According to LedgerX's Oracle, there is a 31% chance of BTC/USD hitting $15,000 by Dec. 28.

Recently, bullish tones have been coming from some of Bitcoin’s best-known figures — including author and angel investor Murad Mahmudov, who claimed on Tuesday that BTC had found its new floor at $10,000.

"~10K is the new ~6K", but instead of breaking down it will hold and start grinding UP," he wrote on Twitter.

Others were eyeing closer timeframes, such as the end of August, the settlement date for the latest round of Bitcoin futures contracts.


Bitcoin Price 93% Unlikely to Hit $20K by End of 2019, Data Claims

[Carlton Banks]

There is a 93% chance that Bitcoin (BTC) prices will not surpass their all-time high of $20,000 this year, according to market forecasts.

The latest data, from analyst “Skew” on Twitter

"Skew" (on Twitter) is wrong; according to my calculations, it's only 89.2663103492888374681927483333726899% likely to hit exactly $20,000 at midnight on Dec. 31 2019

Not all forecasts are as pessimistic. According to LedgerX's Oracle, there is a 31% chance of BTC/USD hitting $15,000 by Dec. 28.

these clowns are wrong, it's actually 32.10001.4.2.55.691512777777.3004852777.2% likely to hit $15,000 on Dec. 28, not 31%!!! these people are just pulling these numbers out of their ass y'know

[veleten]

There is a 93% chance that Bitcoin (BTC) prices will not surpass their all-time high of $20,000 this year, according to market forecasts.

The latest data, from analyst “Skew” on Twitter

"Skew" (on Twitter) is wrong; according to my calculations, it's only 89.2663103492888374681927483333726899% likely to hit exactly $20,000 at midnight on Dec. 31 2019

Not all forecasts are as pessimistic. According to LedgerX's Oracle, there is a 31% chance of BTC/USD hitting $15,000 by Dec. 28.

these clowns are wrong, it's actually 32.10001.4.2.55.691512777777.3004852777.2% likely to hit $15,000 on Dec. 28, not 31%!!! these people are just pulling these numbers out of their ass y'know

haha , thought I was the only one to have this wtf moment
like seriously , 31% and  93% , should have added a couple of figures after the coma  for more credibility
31.27 and 93.05% would have been way more believable
clowns indeed
and a cherry on top ,  October ends up to be as flat as it gets in terms of the price movement 

[RodeoX]

Interesting. However, like all the other TA here it is a complete guess. There is simply no way to know the future price. Even if "Data" claims it to be so.

[Slow death]

I remember when the price dropped to $ 3000 they said it would drop to $1000 and they also said that it was impossible for the price to rise much to reach $ 10,000 in this year. It was a very pessimistic forecast rain and the price has reached $ 13000 and we are here at the current price of $ 10,000. Why should we believe in predictions that never hit anything? Why should we believe these random numbers? this kind of news brings nothing useful to the crypto world