What time zone? As of market close? If so this can resolve No.

 My timezone, as of market close. Resolves NO.

https://manifold.markets/Quin/will-bitcoin-surpass-37000-in-the-n?r=UXVpbg

59% chance. Ill use Coin Market Cap minute chart, if any trade passes above 37k, will close as Yes

Will bitcoin surpass 37,000 in the next 24 hours?

I bet yes. In 2023, the Bitcoin value has started rising from 15K to 35K. If the max values per month are considered then the trendline shows a positive slope with a value of 1.58. The circulating supply in November is ~20M BTC 

Bitcoin’s price is primarily affected by its supply, the market’s demand, availability, competing cryptocurrencies, and investor sentiment. 

https://www.investopedia.com/tech/what-determines-value-1-bitcoin/#citation-29

 Since the market cap is high i.e. about $680B, there are high chances that it will reach 40K by November end. A high market cap implies that the asset is highly valued by the market. Currently, it is Bitcoin.

 it’s no analysis, just a regurgitation by Bing/GPT. I showed how that bogus “trendline of the highs” (as if that were a thing) would support the opposite conclusion (hits 40k in Feb). The ‘i’ in these “ai” should stand for idiocy or incompetence.

 I disagree with your analysis. First of all, Bitcoin circulating supply is a mechanism based on mining (rewarding bitcoin miners with tokens every time blocks are approved), so you should't be taking that into consideration hoping that it will go down or up anytime soon before 2023. The other problem is in the market cap analysis, a high market cap has absolutely nothing to do with future performance of an asset. Furthermore, financially speaking, it is inaccurate to just draw a line to estimate future performances of an asset, without assessing intrinsic factors such as regulations, market sentiment, news, etc. Bitcoin pumped from 29,000 to 35,000 during the last week because the Blackrock ETF spot has been put into approval and the market "overreacted" pushing the price to the current level. From a statistical point of view, it's easier that it will re-test some lower levels for the principle of mean regression and moving average.

 awesome, not only the trendline of the highs is going up, you gave us the equation!

so x is the month number, for Nov it’s 11 letsee

uh ooh we need to go to Dec since that’s the limit

hmm dang, or is it in January, because x+1 somehow? 🤷‍♂️ 

that’s almost Feb? for the BtC high.. right. 🤨

https://www.google.com/finance/quote/BTC-USD

#	Name	Total profit
1		Ṁ756
2		Ṁ544
3		Ṁ468
4		Ṁ453
5		Ṁ355

🏅 Top traders

People are also trading

People are also trading

Related questions