- A crypto analyst stated BTC could either reach above $44K+ directly or retrace to $35K.
- BTC could present an excellent entry point if it hits $35K.
- A fall below $35K could invalidate the analyst’s bullish prediction.
A crypto analyst who goes by the pseudonym tedtalksmacro speculated on two possible routes that BTC could take in the macro view. Firstly, the analyst expects BTC to have a sharp and short-lived nuke into $35k, followed by a quick recovery. Secondly, he anticipates BTC to surge above $44K and hit Target 2, as shown in the tweet below.
Updating the macro-view for BTCFor me, I've invalidation on the bull thesis up to 35k. Acceptance back below that level would make for an ugly chat.
From here, I think that two scenarios stand out:
A) A sharp and short-lived nuke into 35k (I give a 20% probability of… https://t.co/brunxO6v5q pic.twitter.com/XfzSlanmQu
— tedtalksmacro (@tedtalksmacro) December 18, 2023
Stating the probability of these two outcomes, the analyst gave a 20% chance for the occurrence of the first event, while he apportioned 80% of the chances of occurrence to the second option.
The post BTC has 80% Chance of Hitting $44K+ But a Fall Below $35k Could Invalidate It: Analyst appeared first on Coin Edition.