NeuNer’s original prediction post from Feb.1, 2018 stated: “For the record, I am pinning this tweet. Bitcoin will finish 2018 at $50 000.” In his tweet today, the analyst stated the exact opposite of his original prediction, without providing an updated alternative price range:
For the record, I am pinning this tweet. Bitcoin will not finish 2018 at $50,000.
The CNBC host told Cointelegraph in private comments today that he had changed his stance due to the recent state of the market, explaining he wanted to “clarify” his position:
Given we are in a bear market and no good news is moving the market, I can’t see a $50k btc this year.
When asked if he had a concrete alternative prediction for Bitcoin’s price range approaching year’s end, NeuNer answered bluntly,
Nope. [T]oo complicated.
For several weeks prior, BTC was trading steadily within the $6,400-$6,500 range, seeing a minor decrease Oct. 29-31. Bitcoin’s price historically peaked at $20,000 in mid-December 2017, dropping to around $9,000 by early February when NeuNer made his $50,000 prediction. Bitcoin is currently trading around $6,316, up just under 1 percent over the past 24 hours to press time.