Bitcoin Traders’ Q4 Peak Forecasts Questioned by Analyst

Analysts who predict Bitcoin will reach its peak price this year may be overlooking fundamental statistical principles. A Bitcoin expert argues that relying on past halving cycles for prediction is inaccurate, and cites a lack of statistically significant data as evidence. In their X post, PlanC stated: ‘Anyone predicting Bitcoin to peak in Q4 2023 does not understand basic statistics or probability.’ They argue that this assumption lacks the statistical significance of observing three consecutive tails after flipping a coin, thus making it improbable.