Hype for Bitcoin Prediction Fades as Price Fails to Hit $16,000

If you’ve perused Crypto Twitter at all over the past few months, you likely have noticed a Bitcoin price prediction mentioned incessantly. No, it isn’t John McAfee’s call that BTC will hit $1 million, or $2 million (haha), by the end of 2020.

The prediction in question is one made by a user of 4Chan, who used an image of a Japanese anime’s main character, Asuka. As such, the prediction has been dubbed “Asuka’s Bitcoin prediction.”

bitcoin price prophecy of asuka halloween crypto

The poster of this prediction predicted in January 2019 that the move to $3,200 on December 15th, 2018 was the final bottom for Bitcoin, that the cryptocurrency would hit $5,300 in April, that BTC would top $9,200 in July, and so on and so forth. The first three facets of his predictions came to fruition (surprisingly enough), and due to this, many believed that the seeming time traveler or market soothsayer had accurately foreseen Bitcoin’s price action into November 2020.

So at the start of this month, you had some investors buying into the theory that the prediction would play out, meaning that Bitcoin would top $16,000 in October. But right now, on the evening of October 31st, Bitcoin is trading at a mere $9,350 — dozens of percent shy from the $16,000 predicted by the anonymous 4Chan poster.

Unless Bitcoin’s price can surge by $7,000 (or some 80%) within the six hours, the prediction is dead. Sure, Bitcoin just saw a 42% day last week, but 80% is stretching it if I’m being honest.

This may leave you wondering — do bulls have anything to look forward to. According to a number of analyses, for sure. 100%.

Filb Filb argued in a recent Twitter thread that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other…

Source Link