🚨 Completely Nonsense... I'm 100% Sure $BTC Isn't Reaching $65K Next Week or Even This October
And Guys, This Meme Suits That Influencer Perfectly
Guys, people can post whatever they think, but beginners see these confident targets, take them seriously, and get trapped.
Look at his latest post today:
$85K → $75K → $65K → Bottom → $100K
But there is no proper logic explaining why BTC should follow that path. Just a random chart with half-backed technical reasoning.
Meanwhile, the macro picture has improved: NFP came in weaker than expected, August PCE was cooler, October rate-hike expectations dropped significantly, Fed officials are signaling more patience, and oil has recently cooled.
Yes, CPI and Treasury yields are still the key risks. But if CPI comes around or below expectations and yields don't spike, I see very very low odds of BTC reaching the $65K zone this October, or even in November.
Could $65K happen eventually? Yes. I'm not denying that. But the current data doesn't support throwing $65K out as a confident near-term target.
And guys, this isn't his first one.
On Sep 11, after $BTC dropped from around $79K, he posted:
$79K → $62K → $57K → $45K Bottom → $126K
Same confidence, different roadmap. Changing a thesis is normal. Changing the target without explaining what changed in the data is the problem.
Don't trade the confidence. Trade the evidence.
And Guys, This Meme Suits That Influencer Perfectly
Guys, people can post whatever they think, but beginners see these confident targets, take them seriously, and get trapped.
Look at his latest post today:
$85K → $75K → $65K → Bottom → $100K
But there is no proper logic explaining why BTC should follow that path. Just a random chart with half-backed technical reasoning.
Meanwhile, the macro picture has improved: NFP came in weaker than expected, August PCE was cooler, October rate-hike expectations dropped significantly, Fed officials are signaling more patience, and oil has recently cooled.
Yes, CPI and Treasury yields are still the key risks. But if CPI comes around or below expectations and yields don't spike, I see very very low odds of BTC reaching the $65K zone this October, or even in November.
Could $65K happen eventually? Yes. I'm not denying that. But the current data doesn't support throwing $65K out as a confident near-term target.
And guys, this isn't his first one.
On Sep 11, after $BTC dropped from around $79K, he posted:
$79K → $62K → $57K → $45K Bottom → $126K
Same confidence, different roadmap. Changing a thesis is normal. Changing the target without explaining what changed in the data is the problem.
Don't trade the confidence. Trade the evidence.
