Man With ‘World’s Highest IQ’ Claims Bitcoin Will Hit $220,000 In Next 45 Days — Is It Likely?

Key Takeaways

• A viral prediction claims Bitcoin volition deed $220,000 wrong 45 days.

• Market analysts pass of a imaginable caller carnivore market.

• The prediction has received monolithic pushback from the community.

A societal media personality, reportedly the “World’s Highest IQ Record Holder” with a people of 276, has predicted that Bitcoin’s terms volition surge to $220,000 wrong the adjacent 45 days.

The bullish comments person drawn important skepticism and disapproval from the community, arsenic marketplace analysts pass that cardinal method indicators constituent to the commencement of a caller downturn.

In a station connected X, YoungHoon Kim, who claims to person an IQ of 276, said helium expects Bitcoin to “go to $220,000 successful the adjacent 45 days.”

Kim said helium has pledged to walk “100% of [his] Bitcoin profits to physique churches for Jesus Christ successful each nation.”

The post, which included a video of Kim speaking straight to the camera, prompted a question of skeptical responses connected the platform.

One X idiosyncratic wrote that Kim was a “fraud,” portion different joked that if his forecast is wrong, helium volition person to “join america <80 IQ bitcoiners group.”

“As a mid 67 IQ human, I tin archer he’s speechmaking a publication and recorded this video astatine slightest 3 times over. And is making this up,” different X idiosyncratic wrote.

Crypto analysts person been striking a sharply antithetic code from Kim.

Valdrin Tahiri, an expert astatine CCN, said Bitcoin had conscionable delivered a uncommon trio of bearish method signals: a play adjacent beneath the 50-week moving average, a driblet successful the Relative Strength Index (RSI) beneath 50, and a antagonistic crossover successful the MACD indicator.

“The erstwhile clip these 3 things happened was successful December 2021, marking the opening of the carnivore market,” Tahiri said.

Tahiri expects Bitcoin to commercialized betwixt $71,000 and $95,000 by year-end, with large enactment adjacent the little extremity of that range.

Despite Bitcoin’s caller slump successful price, JPMorgan analysts precocious reiterated their semipermanent bullish outlook, stating that integer golden could scope $170,000 wrong 6–12 months, Forbes reported.

The slope argued that Bitcoin’s existent planetary accumulation outgo of astir $94,000 present acts arsenic a beardown terms floor, astir which BTC presently hovers.

Based connected a gold-parity valuation model, JPMorgan estimated that Bitcoin could emergence to astir $170,000 if it continues to adjacent the spread with gold’s $28.3 trillion backstage concern market.

Hitting $220,000 wrong 45 days would necessitate Bitcoin to much than treble from existent levels and interruption done its all-time precocious successful 1 of the fastest rallies successful its history.