Crypto Analyst Predicts Bitcoin (BTC) Triples in Price Based on One Metric – Here’s His Timeframe
— Investanswers highlights automaker tesla, Next six, Predict, Risk, Late 2020 levels, Buying, Investment advice, Divided, Expects, Mean reversion — 1 min read
Analysts compare Bitcoin's price action to one traditional stock to predict what’s next for BTC. In a new strategy session, the anonymous host of InvestAnswers highlights automaker Tesla while telling his 442,000 YouTube subscribers about the significance of mean reversion. While Tesla has remained flat over the last 12 months, Bitcoin has gotten clobbered down 70%. 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. At time of writing, Bitcoin is up 6.02% on the day and priced at $20,258. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies Source