Bitcoin analyst PlanC argues that forecasts of a Q4 price peak are driven more by psychological bias than by proper statistical analysis, making time-based predictions unreliable.

He recommends focusing on fundamentals and data-driven methods—incorporating volatility, trading volume and investor sentiment—rather than relying on simple historical timing.

PlanC also warns that collective expectations can produce self-fulfilling moves, but stresses the importance of rigorous analysis over following crowd predictions.