Options traders aim for $100K Bitcoin by the end of 2021, is there a chance?
Cointelegraph
Published Jul 10, 2021 05:35PM ET
Updated Jul 10, 2021 07:20PM ET
Bitcoin (BTC) investors are known for being bullish, and even during 50% corrections like the current one, most analysts remain optimistic. One reason for investors' endless optimism and belief in infinite upside could be BTC's decreasing issuance and the 21 million coins fixed supply limit.
However, not even the most accurate models, including the stock-to-flow (S2F) from analyst Plan B, can predict bear markets, crashes, or FOMO-induced (fear of missing out) pumps. Traders usually misinterpret these concepts as value and price expectations can be easily mistaken.
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Written By: Cointelegraph
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