AND A recent decline in the crypto market Stunned investors around the world, but one analyst saw that he was coming long before it happened. Bitcoin kicked with above $ 125,000 at a briefly below $ 102,000, and Ethereum fell to below $ 3,800, exactly as the popular Ash Crypto market commentator had predicted earlier this month.
His post on October 1 at the X warned of a sharp correction that was supposed to liquidate all the bulls before the great rejection in Q4. Now that the DIP played exactly as he predicted, Ash Crypt’s appearance for the next weekly is a powerful phase of recovery.
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The prediction of a collision that shook ‘uptober’
Sales that sent shock waves through the industry fast is a change of feeling after Bitcoin’s recent high all the time On October 6, the fall of Bitcoin from above $ 125,000 at below $ 110,000 caused a wide panic that moved to other cryptocurrencies, while Ethereum followed with a sudden drop below $ 3800. More than $ 19 billion in a trade with influence have been liquidated on different exchange In less than one day, making it one of the greatest wipes in the history of cryptocurrencies.
However, the collision time has almost perfectly stored with projection on Social media platform x by ash crypto. October 1, Ash Crypto presented what he called “by placing a pump-then-deporti” designed to capture excessive bulls. In his post, he warned that early monthly gain mama would be able to retail retailers to believe that the pumptober was real before the market had been violently revealed to torn them.
Significantly, the analyst predicted that Bitcoin would fall at around $ 106,000 and Ethereum to $ 3,800 or lower before recovering later in the month. According to him, this phase of the correction would run until mid -October, sometime around October 15th to 20th, before he had moved into a strong recovery in the last ten days of the month.
What follows after the fall?
Ash Crypt’s call proved to be accurate, especially on the background of widespread optimism of ‘constant’ That darkened judgment For many crypto merchants. However, despite the foreseen bear move, the prediction also wore a long -term mood that aligns with the bikor.
He explained that, after the market mood had turned strongly, and the traders began to assume that the pumptober had been canceled, short positions would accumulate. At this point, the turn will begin in the last ten days of October, which led to what he described as the Q4 parabolic candle.
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Ash crypto projected Bitcoin will come between $ 150,000 and $ 180,000 by the end of the fourth quarter, while Ethereum will run anywhere in the range of $ 8,000 to $ 12,000. After that move, she expects Full season of Altcoin This will cause the price of many altcoins to increase 10x to 50x in just a few months.
At the time of writing, Bitcoin traded at $ 114,049, and Ethereum traded to $ 4,087.
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