BTC has arrived, breaking new highs! What stage is the BTC price currently in?
We are still using model indicators to answer, and it is currently in a slow rising phase of a bull market. It is recommended to continue holding, with a possibility of reaching the 200,000 range within the year.
Indicator ≥ 90 Exit warning
Indicator ≤ 40 Bottom-fishing reference
Current = 61
According to our exit model, let's see the probability of Bitcoin's price trend in Q4.
Bitcoin's price has 6 possible ranges:
• Over $250,000, probability is 3%;
• $200,000 to $250,000, probability is 11%;
• $159,000 to $200,000, probability is 25%;
• $127,000 to $159,000, probability is 37%;
• $101,000 to $127,000, probability is 22%;
• Below $101,000, probability is 2%.
Historical accuracy: Looking back at history, this model has hit the mark in the past three bull markets:
In the 2013 bull market, the score accurately hit 99.9;
In the 2017 bull market, it hit again at 99.9;
In the 2021 bull market, the score reached 99.54;
Providing reliable exit reference for brothers, this model has been added to our exit list indicators. The modeling process utilized up to 750,000 data sources for training, greatly ensuring the scientificity and accuracy of the model.
#BTC