Crypto Currency

BTC due for a correction?? My analysis!

Submitted by nikolasgfx, , Thread ID: 192287

nikolasgfx
Novice
Level:
0
Reputation:
0
Posts:
20
Likes:
0
Credits:
0
01-01-2021, 02:01 AM
Warned
#1
[Image: unknown.png]

RE: BTC due for a correction?? My analysis!

Grime
Newbie
Level:
0
Reputation:
0
Posts:
15
Likes:
0
Credits:
7
03-01-2021, 12:25 AM
#2
No, not at all. That's not how it works. Why would it need a "Correction"?
It will fall within the next month. That's my calculated assumption.

RE: BTC due for a correction?? My analysis!

andyfeb
Novice
Level:
0
Reputation:
0
Posts:
20
Likes:
1
Credits:
4
03-01-2021, 04:41 AM
#3
I like Benjamin Cowen's analysis on BTC. He goes through different ways of modeling whether it's overvalued and favors a more data driven approach. He's done a few videos on the subject but this one summarizes it well, although a bit long it's well worth the watch: https://youtu.be/zW6Ktg0GygE

The short term TL;DW, we of course don't know what will happen for sure but most likely we'll probably see a correction within the next day/week/month, but in the long term the data shows 100k BTC within the next 3 years.

RE: BTC due for a correction?? My analysis!

gman404
Novice
Level:
0
Reputation:
0
Posts:
33
Likes:
0
Credits:
1
03-01-2021, 05:08 AM
#4
I think the increase related to COVID will continue

RE: BTC due for a correction?? My analysis!

HardCoomer
Newbie
Level:
0
Reputation:
0
Posts:
16
Likes:
0
Credits:
1
03-01-2021, 05:12 AM
#5
More than likely it will fall off massively very soon. Right now a lot of people are jumping in on the bitcoin craze like they did before because of fomo and not because of any real value they see in it. I think overall bitcoin is still crazy undervalued but it will also likely have a huge drop off soon.

Users browsing this thread: 1 Guest(s)