Analyst Peterson Timothy states that BTC will probably be valued at $12,000 by November and hit $1 million in the next ten years.
Three days ago, Timothy, on his Twitter page, mentioned that there is a 90% likelihood that BTC will never go below $11,000. However, it is good to note that this forecast flashes back to the frequently mentioned talks and posts about the last opportunity to purchase BTC below $10,000, which has, again and again, turned out to be inaccurate.
Major Updates:
- The analyst states that his system, which he designed three years ago, has been virtually spot-on.
- Timothy also asserted to have accurately forecasted the values of digital assets in the last two years.
- In 2018, Timothy forecasted value of $3,500, while the real value as of the 31st of December 2018 was $3,782, a margin of just 7%.
- He also forecasted a mid-range valuation of $7,000 for 2019. The value of BTC for that day was $7,243.
- With this system's use, Timothy Peterson believes BTC will be worth $100,000 in the next four years and $1 million over the next decade.
Timothy also released a precise forecast about the actual value on the 30th of Nov. to pessimists who don't believe his system's correctness.
