Expert Sets $285,000 Bitcoin Price Target Based On Quantile Model

Quick Summary:

To contextualize the model’s predictive capabilities, PlanC elaborates on the significance of various quantiles.The 99.9% quantile means the price has been above this line only 0.1% of the time, equating to just one day out of every 1,000 days—a very rare event.

Related Reading: 7 Reasons To Be Bullish On Bitcoin This Week PlanC has also recently updated his “Power Law Probability Model,” which forecasts Bitcoin prices ranging from $189,733 to $245,264 for the 97% to 99.9% quantile and $145,182 to $189,733 for the 90% to 97% quantile.

Sina advises investors to either hold and enjoy potential gains or consider gradually exiting positions based on risk assessments, particularly since historical tops occur in the 90th to 99th quantile range.

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Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: Bitcoin Bitcoin price target Btc price Bitcoin price prediction Bitcoin Bitcoin price Bitcoin bull run Bitcoin news Btc

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Article Type: News Report

Published On: 2024-10-22 @ 18:00:03 (1 weeks ago)

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