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Bitcoin to $145K by October? Why this 4chan prediction is sketchy

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A viral 4chan Bitcoin prediction that appears to have accurately forecast past BTC prices is now calling for $145,000 by October, but edited targets and impossible supply claims undermine its credibility.

Bitcoin to $145K by October? Why this 4chan prediction is sketchy

A viral Bitcoin price prediction originating from the anonymous online forum 4chan has resurfaced, claiming that BTC will reach $145,000 by October 2026. The prediction, which has circulated widely on social media, appears to have accurately called past price levels, but a closer examination reveals significant flaws.

The prediction, first posted in 2023, includes a chart that seems to have correctly forecast Bitcoin's price at several points in the past. However, analysis shows that the chart has been edited retroactively, with targets adjusted after the fact. Additionally, the prediction relies on an impossible claim about Bitcoin's supply, stating that only 12 million coins are in circulation, when the actual figure is over 19.5 million. These discrepancies cast doubt on the $145,000 target.

For cryptocurrency traders, such predictions can influence market sentiment and short-term price action, especially when they go viral. However, the lack of transparency and the presence of manipulated data make this particular forecast unreliable. Traders should focus on on-chain metrics, ETF flows, and macroeconomic factors rather than anonymous forum posts. NowPrice's live crypto dashboard allows traders to track real-time price movements and make informed decisions based on verifiable data.

Looking ahead, Bitcoin's price will likely be driven by broader market dynamics, including the upcoming halving cycle, regulatory developments, and institutional adoption. While a rally to $145,000 is not impossible, traders should treat this specific prediction with skepticism and rely on fundamental analysis rather than viral hype.

Read the original article on CoinTelegraph
Editorial summary by NowPrice. Read the original article at the source for full reporting.