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Bitcoin Forecast at 91,000 USD in 2020


wry

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Posted

If you've paid any attention to any of my posts here on Stake Forums you know that my favorite expression on price forecasts is that there is no way to know.  However, given how beat up BTC price has recently been it was fun to see this article, on the fairly mainstream site Market Watch, forecasting Bitcoin at 91,000 USD in 2020.

Article source: https://www.marketwatch.com/story/bitcoins-bull-market-intact-expect-91000-by-2020-says-fundstrat-2018-03-15

Keep in mind I view technical analysis as basically the ultimate in retrospective sense making.  Turn the chart around and see if you can justify the same conclusion! :o)

I do agree that this feel like 2013, but apparently I remember it differently than Mr. Lee.

Still, it would be great if this coin we all love could pull of another powerful rally to an all time high!

Posted

Of course it would be very good to see such a price in 2020, but bitcoin is so unpredictable that even Nostradamus probably could not have predicted its cost so far ahead;)

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