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Bitcoin Forum / Re: Do you think it's possible for Bitcoin to reach a price of $288K?
« on: February 19, 2024, 01:12:18 PM »I understand and know that everyone makes those predictions based on charts, there is no need to show me that. But instead explain, why predictors or analytics are soo good at reading charts, why their predictions never come true? They can explain why in past assets price was the following, or explain why Bitcoin price went that way. But they cant give direct answer about future. I have a possible explanation for that - because market changes. But if it changes, what is the point of guessing? Just say that the price tomorrow will be different from today and that is it.
It's just prediction mate, it could be right or wrong. Everyone has a method and belief in predicting coins. We can read other people's predictions, but we should have our own predictions that make more sense. I think $288K is too high.
I will answer one of your questions why the people are confident bitcoin will touch high price, because before halving bitcoin price was already high, touched $ 52K.