Analyst warns Bitcoin traders misinterpret Q4 price predictions

PlanC believes traders predicting Bitcoin’s peak by Q4 misunderstand statistics, comparing it to betting on coin flips without evidence. He emphasizes the lack of fundamental reasons for Bitcoin to peak this year.

The analyst suggests the halving cycle’s relevance is diminishing due to recent market shifts, which may not support such predictions. Psychological factors could lead to a self-fulfilling prophecy, regardless of actual price forces.

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