An Emergency Bitcoin Price Update
Here’s the crazy thing. I’ve never considered myself to be a BTC analyst or “expert”, because of all the assets I analyze and discuss here and on my patreon platform, I spend by far, the least amount of time analyzing BTC to produce my BTC price predictions. In fact when I provided my latest prediction two days ago for $17,000 BTC, I informed you that a month ago, I issued a low-range prediction (with no time frame) for BTC between $11,500 to $15,000.
Without the benefit of liquid courage, since the sun has not set yet (unless you consider a mid-afternoon cup of joe to be liquid courage), I’m upping the ante today. However, my 31 December 2022 to 31 January 2023 BTC price prediction comes with one caveat. For this price prediction to come true, BTC has to reach $17,000 (I was planning to release this tomorrow morning before market open, but since BTC has already fallen to $16,795 as I type this sentence, in order for my analysis to be of the utmost utility, I am releasing it a day early, though I have not yet finished writing it).
In this article, I will provide updates for BTC’s price that I believe to be realistic for the end of this month, based upon what I’m observing right now in the metrics that allowed me to produce my $17k prediction that came true, as well as its LIKELY price, in my opinion, by the end of the year. Note that because I am releasing this as an emergency release, I have not yet passed it by my editor for proofing or finished writing the entire article. Therefore, forgive any typos in this article if they exist (I will correct them by tomorrow) and note that there will be additional sections added to this article tomorrow (likely in a separate entry).
And if my “BTC to $17k in six weeks” price prediction that came true in just 52 hours was not bad enough news for all the HODLers (but great news for all BTC traders as I’ll explain below), everyone reading this paragraph should not forget about my prior article that discussed the very realistic probability of another specific, realistic threat to BTC prices completely outside of the factors that have triggered the current decline in BTC prices. For those that have not yet read about this very realistic, troubling threat to future BTC prices, or perhaps have been too busy following maximalists like Kevin O’ Leary that are still comically pitching how great future BTC regulations will be for prices (they won’t), you can read about this threat now in this substack post of mine that I published here on June 2021 (this threat has nothing to do with upcoming regulations by the way and again, I’ve never heard of one BTC analyst in any nation mention this risk. Ever.)
BTC still remains completely vulnerable to this threat today, even though I first revealed this exploit to my skwealthacademy patrons years ago. For all those inexplicably still following TA (Technical Analyst) chartists for BTC price predictions, perhaps you should seek out and listen to my 6 October podcast published on this platform titled “Technical Analysis as a Primary Means to Buy and Sell Stocks is Hot Garbage”, because my same blazing critique of the heavy reliance upon TA for the issuance of stock buys and sells also very much applies to BTC price analysis.
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