Crypto analyst Timothy Peterson, has forecasted that Bitcoin has a 10% chance at breaking $20k this yearThese odds increase to 90% for the year 2021Mr. Peterson has also cautioned that Bitcoin could be overpriced by 20% – 50%However, he is optimistic that Bitcoin is unlikely to drop below $12k and $11k
Crypto analyst Timothy Peterson, has once again shared his insightful analysis on the possible market direction of Bitcoin (BTC). According to Mr. Peterson, Bitcoin has a 10% chance of breaking the $20k price ceiling this year. These odds increase to 90% in 2021. Mr. Peterson shared his Bitcoin forecast via the following tweet.
There’s a 10% chance that #bitcoin will break $20,000 this year.
There’s a 90% chance that #bitcoin will break $20,000 next year.
— Timothy Peterson (@nsquaredcrypto) November 7, 2020
#Bitcoin is 20-50% overpriced. pic.twitter.com/8K9qzjAT92
— Timothy Peterson (@nsquaredcrypto) November 5, 2020