SmartContracter, an experienced trader and analyst in the cryptocurrency space, bitcoin predicts that its price may cause great pain to investors.
In August last year, the analyst shared a situation scenario that many people believed would be hit hard by the markets. Sharing his views again after six months have passed since this prediction, the analyst stated that his prediction is highly likely to come true.
I repeat in six months. This Bitcoin maximum pain scenario seems extremely likely in my opinion.
The first chart below, SmartContractorIt shows the details of ‘s forecast for August and the other graph shows the details. takes.
6 months later and this #btc max pain scenario is looking extremely likely IMO. pic.twitter.com/CGMVQ5vlLT
— Bluntz (@SmartContracter) February 22, 2023
NEWS CONTINUES BELOW
If the rest of Smartcontracter’s predictions come true, Bitcoin is now on track to make the bulls suffer as it retreats to the $18,000 region in early June.
At this point, BTC priceHe believes that the volatility will reverse once again, trapping the bears and leading to a long-term rally.
The price started at $24,553 on a daily basis and slumped as low as $29,658 before jumping to $23,958 at the time of writing. This has caused the last 24 hours to be quite active.
You can follow the current price action here.