Crypto analyst Crypto Waterman, who predicted Bitcoin price action with Chinese astrology, revealed when leading cryptocurrencies will thrive alongside altcoins. This comes at a time when BTC looks set to recover from its recent drop to as low as $81,000.
Analyst Reveals When Bitcoin Price Will Rise
In an X postCrypto Waterman has predicted that the price of Bitcoin will rise from December 5th after bottoming out between November 28th and 29th, when Mercury retrograde ends. He further noted that there will be large swings up and down between November 29 and December 5, noting that the current market action is similar to mid-July 2021. previous cycle.
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The cryptoanalyst stated that the Bitcoin price rally will take place from December 5th to December 18th over two weeks, with a recovery that will send BTC to between $100,000 and $110,000. Once that happens, he predicts a three-week decline from December 18 to January 6, which will push BTC fell to between $90,000 and 100,000 dollars.
After the decline, Crypto Waterman predicts that the price of Bitcoin will rise from December 6 to mid-February, reaching new all time record (ATH) during that period. He expects the major cryptocurrency to rise to between $140,000 and $145,000. Namely, the crypto analyst has so far accurately predicted the BTC price movement in November, which he claimed was with the help of Chinese astrology.
Based on this, the crypto analyst is confident that the price of Bitcoin will have its last stretch in this bull market cycle. He also expects altcoins to witness one final upswing, predicting that the off-season should occur between January and February. Crypto Waterman also revealed that he plans to release most of his bags in mid-February or early March as the market enters the Year of the Horse.
It is ‘too early’ to look for a new ATH
Crypto analyst Colin indicated that it is too early to predict that the price of Bitcoin could reach a new all-time high. This follows a recent BTC Bounce from a low of around $81,000 last week. The analyst explained that the bounce was inevitable after the major cryptocurrency was so oversold. However, he is not macro optimistic expecting a new ATH too soon.
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The analyst further noted that such a bounce doesn’t say anything about new ATHs and that BTC needs to retrace major key levels well above current levels to stand a chance of making new ATHs. He added that he expected The price of bitcoin will reach $100,000 on this bounce, but it will not mean that a new ATH is in sight.
At the time of writing, the price of Bitcoin was trading at around $87,500, up nearly 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Pngtree, chart from Tradingview.com
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