Bitcoin Odds of Future Crypto Coin Price Finishing Over 34000.85
| BTC Crypto | USD 66,317 2,102 3.27% |
Bitcoin |
Bitcoin Target Price Odds to finish over 34000.85
The tendency of Bitcoin Crypto Coin price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 34,001 in 90 days |
| 66,317 | 90 days | 34,001 | close to 99 |
Based on a normal probability distribution, the odds of Bitcoin to stay above $ 34,001 in 90 days from now is close to 99 (This Bitcoin probability density function shows the probability of Bitcoin Crypto Coin to fall within a particular range of prices over 90 days) . Probability of Bitcoin price to stay between $ 34,001 and its current price of $66317.37 at the end of the 90-day period is about 75.13 .
Assuming the 90 days trading horizon Bitcoin has a beta of 0.44 suggesting as returns on the market go up, Bitcoin average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bitcoin will be expected to be much smaller as well. Additionally Bitcoin has an alpha of 0.7807, implying that it can generate a 0.78 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Bitcoin Price Density |
| Price |
Predictive Modules for Bitcoin
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bitcoin. Regardless of method or technology, however, to accurately forecast the crypto coin market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the crypto coin market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bitcoin's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bitcoin Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bitcoin is not an exception. The market had few large corrections towards the Bitcoin's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Bitcoin, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bitcoin within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.78 | |
β | Beta against NYSE Composite | 0.44 | |
σ | Overall volatility | 10,526 | |
Ir | Information ratio | 0.22 |
Bitcoin Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Bitcoin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bitcoin can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bitcoin appears to be risky and price may revert if volatility continues |
Bitcoin Technical Analysis
Bitcoin's future price can be derived by breaking down and analyzing its technical indicators over time. Bitcoin Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bitcoin. In general, you should focus on analyzing Bitcoin Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
Bitcoin Predictive Forecast Models
Bitcoin's time-series forecasting models is one of many Bitcoin's crypto coin analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Bitcoin's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the crypto coin market movement and maximize returns from investment trading.
Things to note about Bitcoin
Checking the ongoing alerts about Bitcoin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bitcoin help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bitcoin appears to be risky and price may revert if volatility continues |
Check out Bitcoin Backtesting, Portfolio Optimization, Bitcoin Correlation, Cryptocurrency Center, Bitcoin Volatility, Bitcoin History as well as Bitcoin Performance. Note that the Bitcoin information on this page should be used as a complementary analysis to other Bitcoin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.