With recent surge in Bitcoin above $5000, those prophets and prophetesses has come again to predict.
People do unnecessary things just because they want fame. In the case of these analysts, if they can get their forecasts right, then they will have a lot of fame and many customers... They are trying to get customers and reputation, and at the same time they are trying to profit. I would say hearing their opinion is something very risky.
All there predictions in late 2017 and early 2018 that Bitcoin will not rest and gasp for breading until it reaches $80,000 per Bitcoin failed to hold any ground.
I heard them say that it would cost $25,000 and $40,000. Tom Lee, and some names that I can not remember were very active in the predictions
Why all these stories, they are silent for over a year and suddenly re-appeared about a week ago. Now, there prophesy is that Bitcoin will re-traced to $4200 before we experience any tangible moves, telling there followers to place a pending order around that range. Personally, I don't agreed with them but have an opinion that they will join to buy in $6300 - $6700 range. Technically, on which side would the shift goes based on your justification.
when the price was $3400, they said it would fall to $2000 and $1000, and I did not see that. They always fail