{"id":408840,"date":"2019-12-26T20:00:06","date_gmt":"2019-12-26T20:00:06","guid":{"rendered":"https:\/\/wncen.com\/?p=408840"},"modified":"2024-06-11T13:35:50","modified_gmt":"2024-06-11T13:35:50","slug":"analysis-which-called-bitcoins-drop-6000s-40-rally-ahead","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/analysis-which-called-bitcoins-drop-6000s-40-rally-ahead\/","title":{"rendered":"Analysis Which Called Bitcoin’s Drop to $6,000s Says 40% Rally Ahead"},"content":{"rendered":"

Earlier this year, in late-September, prominent Bitcoin analyst FilbFilb<\/a> posted this chart below, showing that he expects for BTC to jump by dozens of percent to near $10,000, then collapse to the low-$6,000s to interact with the “miners bottom range.”<\/p>\n

While some laughed this off as pure bearish sentiment at the time, FilbFilb’s prediction was proven to be nearly 100% accurate, with Bitcoin surging past $10,000 in a temporary relief rally, then crashing the mid-$6,000s just earlier this month.<\/p>\n

This isn’t FilbFilb’s only accolade. Around September or October of 2018, when BTC was flatlining in the low-$6,000s and as analysts were starting to feel optimistic, the trader called the mean reversion move to the low-$3,000s. And so it did, with Bitcoin falling from $6,000 to $3,000 in the last six weeks of 2018.<\/p>\n

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Heres my updated doom senario for $btc<\/a>.<\/p>\n
The only change since Dec 4th '17 is the time it takes to get to the mean line, which has worked in the bulls favour.<\/p>\n
I still think there is a reasonable argument to be had that the bottom is in.
fwiw im net short on trading positions. pic.twitter.com\/S4HPqydvpt<\/a><\/p>\n
— filbfilb (@filbfilb) September 18, 2018<\/a><\/p><\/blockquote>\n