Crypto Analyst Predicts Bitcoin (BTC) Triples in Price Based on One Metric – Here’s His Timeframe - BitcoinEthereumNews.com
स्रोत: InvestAnswers/YouTube The analyst says most assets with true underlying utility and value will revert to their mean, which is why he expects both Tesla and Bitcoin to post rallies starting in about half a year. Short and succinct, not financial advice, of course, everything mean reverts unless it‘s a piece of crap or it’s broken. Tesla has held up well during the correction and recession incredibly well. While I believe Tesla will hit $1,200 in the next six to 12 months, which is slightly less than double, I also believe Bitcoin could potentially triple in the same timeframe. Six to 12 months, which takes out to summer 2023 and thats very, very conservative. The Tesla /Bitcoin pair right now is 0.036. [The] 200-day moving average is 0.024, so technically we are here. I do not expect the pair to go higher than this 0.036 level. Regarding Teslas future earnings, the chart guru mentions the company will incur a hefty on-paper loss for its current Bitcoin holdings. They‘re going to get hit hard. They’re gona have an impairment charge of maybe $450 million dollars. A lot of stuff is hitting them, but they had the worst quarter-over-quarter performance in over two years. I think that pair will