Bitcoin predictions have a very special place in the cryptocurrency world. Especially the accurate predictions of analysts attract attention. Now, we will feature the analysts who attracted attention with their accurate predictions in October.
Analysts’ Bitcoin predictions
Using the Elliott Wave theory, analyst BluntzCapital said that the BTC price bottomed on October 11. He also predicted that a significant increase would follow. On the other hand, analyst IncomeSharks stated that the best opportunities arise when the chart looks ugly. Accordingly, it had bought the bottom of the decline close on October 11. Finally, analyst CryptoGodJohn outlined a long-term trading range. The bounce at the midline of the range became the catalyst for the Bitcoin price increase.
These three crypto traders used different methods to make Bitcoin predictions for October. cryptokoin.com As a result, they made significant profits.
Elliott wave counting predicts completed correction
Technical analysts use Elliott Wave theory to identify recurring long-term price patterns and investor psychology. Accordingly, this helps them determine the direction of a trend. The method has been used to predict BTC price growth since October 11.
Cryptocurrency trader Bluntzcapital correctly predicted that the ongoing decline is part of the ABC corrective structure. In this case, it is expected that the trend will start to rise, followed by a significant upward movement. Bitcoin price has increased rapidly since completing its ABC correction on October 11 (green icon). Afterwards, the price of Bitcoin increased by 33% in 12 days.
Accurate prediction from a cryptocurrency trader
Cryptocurrency trader IncomeSharks pointed out at this point that Bitcoin BTC is doing a great job on ugly-looking charts. He used this logic to buy on October 11. On the same day, BluntzCapital used the Elliott Wave number to make a prediction. Therefore, both traders came to the same conclusion despite using very different methods.
On October 6, cryptocurrency trader CryptoGodJohn tweeted a BTC roadmap suggesting the price would rise above $37,000. This was mainly due to the mid-range holding at $24,700. The movement since the tweet has been almost identical to what was predicted. It is not yet clear whether the price will rise above $37,000. However, there is resistance at $36,000 and $40,000 respectively. Let’s see if other figures will come for Bitcoin as analysts predicted for October.
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