Analysis Which Called Bitcoin’s Drop to $6,000s Says 40% Rally Ahead

Earlier this year, in late-September, prominent Bitcoin analyst FilbFilb posted this chart below, showing that he expects for BTC to jump by dozens of percent to near $10,000, then collapse to the low-$6,000s to interact with the “miners bottom range.”

While some laughed this off as pure bearish sentiment at the time, FilbFilb’s prediction was proven to be nearly 100% accurate, with Bitcoin surging past $10,000 in a temporary relief rally, then crashing the mid-$6,000s just earlier this month.

This isn’t FilbFilb’s only accolade. Around September or October of 2018, when BTC was flatlining in the low-$6,000s and as analysts were starting to feel optimistic, the trader called the mean reversion move to the low-$3,000s. And so it did, with Bitcoin falling from $6,000 to $3,000 in the last six weeks of 2018.

Heres my updated doom senario for $btc.

The only change since Dec 4th ’17 is the time it takes to get to the mean line, which has worked in the bulls favour.

I still think…