Bitcoin Price Prediction - Max Pain is Sideways Chop Until 2024 - Bluntz
Crypto analyst Bluntz (@SmartContracter) predicted Bitcoin will trade sideways in a range bound environment for 12 more months - so far, he's been accurate. He posted the tweet below on August 29th, and six weeks on Bitcoin is still trading sideways between approximately $17,500, the 2022 yearly low, and the range high at around $25,000. Bluntz' Bitcoin Price Prediction His max pain scenario for Bitcoin would take until late 2023 to play out - Bluntz marked out a possible 392 day trading range on the Bitcoin price chart. 'Max pain' is a term applied to options trading, and also used colloquially in all types of crypto trading . It's defined on Investopedia as the ' price at which a stock (or cryptocurrency) would cause financial losses for the largest number of option holders - puts and calls - at expiration' . With the next Bitcoin halving set to take place around March 2024 - in 527 days - some predict it could also take until then f...