Analyst That Predicted 2022 Crypto Bottom Says Ethereum Will Hit $10,000
Profit-taking investors are probably enjoying as Ethereum rises to a new all-time high while some await a price correction to accumulate holdings. Price corrections and bottoms are, after all, inherent for cryptocurrencies, Ethereum inclusive. However, Chris Burniske, a partner at Placeholder VC, tells his Twitter followers to surrender expectations for a price correction on Ethereum. In his tweet, the venture capitalist said Ethereum is gearing up for a massive long-term rally. Burniske was the analyst who correctly predicted the November 2022 crypto assets bottom. He noted that....
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Crypto analyst Tice has pointed to a signal that has predicted every Bitcoin bottom in each bear cycle. Based on this, the analyst suggested that the flagship crypto may again be forming a bottom just as the price looks to break above the psychological $80,000 level. The Signal That Has Predicted Every Bitcoin Bottom Is Again Aligning In an X post, Tice said that the signal that has called every Bitcoin bottom in history has triggered again. He noted that in the 2014, 2018, and 2022 bear cycles, BTC was in a bear cycle for around 14 months before forming a bottom, with a price explosion....
Crypto analyst Leshka has explained why it is unlikely that the Bitcoin price has bottomed even as it continues to attempt a recovery above $70,000. His analysis also aligns with predictions from analysts such as Doctor Profit, who predict that BTC could still drop to $40,000. Analyst Explains Why Bitcoin Price Hasn’t Bottomed In an X post, Leshka noted that the Bitcoin price has never bottomed after a drawdown of just 47%. He further remarked that every bear market in history saw at least 78% drawdown from the top. BTC notably saw drawdowns of around 87%; 84%; and 73% in 2013, 2017, and....
Over the years, there have been different metrics, technicals, and ways in which investors have tried to predict the Bitcoin price bottom with each bear market. Some of these have reportedly done so with some accuracy, while others have seen a deviation. Recently, a pseudonymous crypto analyst who goes by @cryptocupra on the X (formerly Twitter) platform has shared their own bottom prediction, using a 23-Bar Theory. How Bitcoin Bottoms Go In The Past In the post shared on the social media platform, the crypto analyst explained that there have been 23 bars that have predicted the bottom of....
Crypto analyst Chain Mind has indicated that the Bitcoin price has yet to bottom. He alluded to historical performance, which shows that BTC has never bottomed without touching the EMA 300. Bitcoin Price Unlikely To Bottom Before Touching This Level In an X post, Chain Mind indicated that the Bitcoin price is unlikely to bottom out without first touching the EMA300. He noted that BTC has never bottomed without touching this level, as it did in 2020 and 2022, when it tagged the weekly EMA300 right before the cycle low. Specifically, Bitcoin’s bottom came 10% below the EMA in 2020 and 15%....
With the Ethereum price struggling around the $2,000 support, the question of when the digital asset will hit a bottom has continued to linger among investors. Naturally, a bottom is largely based on the Bitcoin price, setting the tone for the entire market. However, a crypto analyst has also suggested things to look out for that could help to confirm that the Ethereum price has actually hit a bottom and will begin to move upward once again. Watch Out For The Ethereum Close Above $2,100 For now, the Ethereum price is still trending below $2,100, and crypto analyst Rawl has called this out....