Anonymous Bitcoin Price Prediction Finally Poised to Fail

Share Article

On January 21, 2019, an anonymous user made a series of future Bitcoin price predictions.

The user successfully called the December 2018 bottom. Also, the succeeding two predictions, which stated that the price will be $5300 and $9200 in April and July, respectively, were validated.

The third one, however, stated that the price will reach $16,000 in October. Since today is October 31, it is an interesting time to see if it is possible for this prediction to be validated.

Cryptocurrency trader @thecryptodog stated that a massive flow of cash will enter Bitcoin today, validating the prediction.

While the tweet seems sarcastic in nature, let’s see if there is any chance, however slight, that it will be validated.

Bitcoin’s Rate of Increase

In order for the prediction to be validated, an increase of roughly 78 percent would be required.

During the past two years, the three dates with the highest daily rate of increase have been:

  • July 20, 2017: 30 percent
  • December 7. 2017: 25 percent
  • April 2, 2019: 21 percent

Even going further back, when the volume was significantly lower than what it is today and allowed for more volatile price movement, the highest daily rates of increase have been

  • November 18, 2013: 55 percent
  • December 18, 2013: 37 percent


While the 55 percent rate of increase in November 2017 comes close, all the other highest rates have been less than half of what is required to reach $16,000.

Don’t Hold Your Breath

Considering that there are significant resistance areas above, and the movements are less volatile now than in 2013, it is probably safe to say that the prediction will be invalidated by tomorrow.

Disclaimer: This article is not trading advice and should not be construed as such. Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile.

Did you know you can trade sign-up to trade Bitcoin and many leading altcoins with a multiplier of up to 100x on a safe and secure exchange with the lowest fees — with only an email address? Well, now you do! Click here to get started on StormGain!

Share Article

Related topics

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

Follow Author

Daily signals, Bitcoin analytics and traders chat. Join our Telegram today!

Let’s Go
Daily signals and Bitcoin analytics.