I never research BTC price predictions of other BTC analysts in making my own predictions because usually they are based on nothing but pure speculation and faulty technical chart analysis that has repeatedly yielded false breakouts to the upside and downside in recent years. Thus, I only look at price predictions of other BTC analysts if I wish to point out the absurdity of their future price predictions.
But as I’m quite familiar with the propaganda they spout, I would guess that there are quite a few analysts that have stated that the descent of BTC prices to $38.5k a few days ago marked the end of the post BTC ETF price tumble of more than 18% in the past two weeks. As all of you know by now, if you have been reading my articles for the past year, it is important to strip emotion out of asset price analysis. If one incorporates emotion into asset price analysis, there will always be a massive gap in one’s desired price behavior and the manifested price behavior that will lead to some wildly incorrect investment behavior. Thus, I always aim to provide the cold hard facts in my BTC price predictions and nothing more, despite most always wanting to hear predictions, with zero basis, that confirm their wishes of massively higher prices on the immediate horizon (an investor flaw that afflicts not just BTC investors but investors of all asset classes, including precious metals).
In October of 2021, well over two years ago, if one understood the true banker purposes of the first approved US traded “BTC ETF”, as I explained in the podcast I will link at the end of this paragraph, it should have been readily apparent to all that the approval of the first US market traded spot BTC ETFs this past month, so anticipated by so many in the BTC community as a positive development, would NOT aid higher and more positive BTC prices for the BTC community. If you have never listened to this podcast I published in October 2021, I recommend that you listen to the full 29 minutes, because many of the revelations I exposed more than two years ago are still not understood by many in the BTC community today. But if you want to skip to the point in which I exposed blatant misinformation about the BITO ETF back then which also was reapplied to the launch of spot BTC ETFs earlier this month, then you can skip to the 15 minute mark of this podcast. However, if you skip the first 15 minutes, then I recommend, at a minimum, you listen from this point until the end. At a minimum, since no one else in the BTC community was exposing the truths I exposed in this more than two-year old podcast, it is an interesting listen if only to compare the things I was stating back then as a lone voice in a sea of opposition, compared to people that now may finally be repeating the same things today.
PS. I apologize for the low audio and video quality of the above podcast, published on my now dormant Rokfin platform, as I recorded the above podcast during global lockdowns more than two years ago, when I had no access to a professional recording microphone or video equipment.
With that said, let’s look at where BTC prices are likely to head next month in February.