Crypto analysts, known for their accurate predictions, think that the Bitcoin price has not yet bottomed out, and that the real rally will begin after the FTX crisis.
Analyst who predicted 2018 bear market outlines how Bitcoin will recover
You can find past accurate forecasts from Twitter analyst Smart Contracter here. In his current analysis, he said that Bitcoin could test one last support after bottoming out at $15,700 in the last drop. According to the crypto analyst, Bitcoin price is poised for a long-term reversal. Smart Contracter predicts that the leading crypto will slowly regain its previous levels in the coming days:
The first phase of the fall is over. Now we patiently wait for the price to bounce back to the previous collapse range on the daily timeframe and go right in.
According to the chart provided by Smart Contracter, Bitcoin will likely move towards $24,000. The timing of this move coincides with the second quarter of 2023. BTC is currently trading around $17,500. US consumer rebounded slightly after lower-than-expected inflation data. cryptocoin.comWhat happened between Binance and FTX, which you follow on , was devastating for the entire market.
BitMEX founder Arthur Hayes says the real rally for Bitcoin has just begun
Market analyst updates his outlook on the market after the recent crash. In his latest analysis, he stated that he expects lower lows in Bitcoin, although he predicts future rally. According to Hayes, the FTX crisis will keep the market under pressure for a while. The BitMEX founder said that no one can save the stock market, which was hit hard by Binance. He also says it will take years for investors to get the funds left on the exchange:
If Changpeng Zhao (CZ), the richest person in crypto, can’t make the deal, no one else can. FTX client deposits will only see recovery in a bankruptcy court and it will take many years to resolve. Mt. Gox creditors still haven’t received funding, and it’s been almost a decade.
Arthur Hayes said that the market would be in a worse situation in his predictions in the past months. Now, in light of recent events, he expects exchanges and their managers to tighten their policies in the wake of FTX’s collapse. He also thinks that Bitcoin, Ethereum and Solana will see further declines in the short term. The support levels that the market analyst expects in the short term are as follows:
- Bitcoin (BTC) = $10,000 – $15,000
- Ethereum (ETH) = $750 – $1,000
- Left (LEFT) = $3
Loma: Recent drop is historic opportunity for Bitcoin bulls
Finally, another Twitter analyst, Loma, said the recent drop is a “historic opportunity” for the bulls. The analyst updates his long-term bull expectation in his most posts:
If you’re looking from a long-term perspective, this isn’t a bad area to be a buyer. Days like today are cruel blessings.
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