VincentKeyboard wroteCould it be they are inflating future price expectancy to sell quickly before the prices goes back down again? Also was the price increase somewhat affected by NVIDIA's RTX cards?
That might be a possibility but I highly doubt it. Those analysts barely own any BTC , people who actually have alot of BTC are not in those places on in the internet talking and analyzing.
Analysts talk about patterns and statistics , not alot actually talk why , most only mention a thing or two , but most talk patterns. See , it is really easy to get an old pattern and analyze it like you actually knew that was gonna happen. Most people are too lazy to research and learn , it takes time and effort in such issues so analysts start talking statstics , that aren't false , but it is just alot of speculation based on previous results