Quick take: Timothy Peterson of Cane Island Alternative Advisors has given Bitcoin a 90% chance at staying above $11k Bitcoin’s lowest price forward is $11,004 using Metcalfe’s law Mr. Peterson has used Metcalfe’s law to correctly forecast Bitcoin’s price movement since 2018 He has predicted that Bitcoin will be valued at $12k by November 30th, 2020 In an October 11th Twitter thread, Crypto Analyst Timothy Peterson forecasted that Bitcoin had a 90% chance of continuing to trade above $11k and […]
