Analyst Who Called 2018 Bear Market Bottom Outlines Path to Bitcoin Recovery As BTC Prints New 2022 Lows
The crypto strategist who precisely nailed the 2018 Bitcoin (BTC) bear market low is mapping out what’s forward for the king crypto after it reached recent 2022 lows.
Pseudonymous analyst Good Contracter tells his 214,000 Twitter followers that Bitcoin could also be close to a closing low after it printed a brand new bear market backside of round $15,700.
In line with the strategist, BTC might have lastly fallen sufficient to start a long-term reversal.
“The primary stage of the sweep [is done]. Now we wait patiently for worth to shut again into the prior breakdown vary on every day timeframe and go all in.”
Trying on the analyst’s chart, he seems to foretell that Bitcoin will doubtless start a rally to $24,000 in Q2 of subsequent yr.
At time of writing, Bitcoin is altering arms for $15,708, down almost 15% on the day.
In the meantime, fellow crypto dealer Loma tells his 275,900 Twitter followers that right now’s Bitcoin crash could possibly be an epic alternative for long-term BTC bulls.
“In the event you’re issues from a long-term perspective, this isn’t a nasty space to be a purchaser. Days like right now are brutal blessings.”
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