Bitcoin Crash Prediction: Is the Crash over?

Bitcoin Crash Prediction: Is the Crash over?

Bitcoin Crash Prediction: Many are arguing that Bitcoin reached its 2022 low on Saturday. Since Saturday, BTC is up 23%. Does that mean the Crash is over?

Bitcoin Crash Prediction: Why are people claiming the Crash is over?

  • Santiment Data: The supply or BTC supply remains low suggesting many think the prices of Bitcoin will rise from higher

Santiment on Twitter: “📊 The ratio of #Bitcoin’s supply continues staying low at levels last seen in November, 2018. This is a good signal of limited future selloff risk. In the meantime, #Tether supply continues skyrocketing on to exchanges, indicating greater buying power. https://t.co/8uaYXatxnP pic.twitter.com/wYLkqQqQuO / Twitter”

📊 The ratio of #Bitcoin’s supply continues staying low at levels last seen in November, 2018. This is a good signal of limited future selloff risk. In the meantime, #Tether supply continues skyrocketing on to exchanges, indicating greater buying power. https://t.co/8uaYXatxnP pic.twitter.com/wYLkqQqQuO

  • Technicals (MACD and RSI analysis) is suggesting that the Bitcoin low is here

dave the wave🌊🐫 on Twitter: “#Bitcoin and the MACD on Various Time-FramesDaily – as low as the initial sell-off at the first peakWeekly – as low as the previous price lowMonthly – as low as previous price lowsSignalling the bottom is in this month. pic.twitter.com/GqM3NFdC7y / Twitter”

Bitcoin and the MACD on Various Time-FramesDaily – as low as the initial sell-off at the first peakWeekly – as low as the previous price lowMonthly – as low as previous price lowsSignalling the bottom is in this month. pic.twitter.com/GqM3NFdC7y

Gareth Soloway on Twitter: “5 Reasons #Bitcoin has a near-term bottom. 1. Perfect measured move (note the chart). 2. Stops and weak hands flushed out below $20,000 (classic market action). 3. Extreme oversold condition (RSI 20ish). 4. 10 year yield likely topped (risk on), 5. Dollar likely topped (risk on). pic.twitter.com/UnSZwn9n7h / Twitter”

5 Reasons #Bitcoin has a near-term bottom. 1. Perfect measured move (note the chart). 2. Stops and weak hands flushed out below $20,000 (classic market action). 3. Extreme oversold condition (RSI 20ish). 4. 10 year yield likely topped (risk on), 5. Dollar likely topped (risk on). pic.twitter.com/UnSZwn9n7h

  • Whale Holdings of BTC has surged over the last 7 days

IntoTheBlock on Twitter: “Giga-whales $BTC holdings hit a new recordThe amount of $BTC held by entities with over 100,000 BTC reached a new high on Friday.Over 776k BTC is held by a grand total of 5 addresses with over 100k BTC, growing over 16% in the past 30 days pic.twitter.com/7B30zRAwbw / Twitter”

Giga-whales $BTC holdings hit a new recordThe amount of $BTC held by entities with over 100,000 BTC reached a new high on Friday.Over 776k BTC is held by a grand total of 5 addresses with over 100k BTC, growing over 16% in the past 30 days pic.twitter.com/7B30zRAwbw

  • On the Macros side, Crude OIl prices are down nearly 7% over the last 2 weeks.
Bitcoin Crash Prediction: Is the Crash over?

Bitcoin Crash Prediction: Why are people claiming the Crash is NOT over?

  • Some analysts are arguing that given that nearly half of Bitcoin Holders are still in the money, the low of the year has not yet been reached. Bitcoin hash rate has fallen over the last 3 days suggesting that miners are not confident about Bitcoin prices

CryptoClaus on Twitter: “Bottom? With this other indicator (“Percentage of addresses in profit”) we can see that the price of #BTC MAY still fall, in fact, in past bottoms, the indicator has always fallen below 50%. If we add to this the very uncertain situation globally, the descent may be more likely pic.twitter.com/GPejE6IxIP / Twitter”

Bottom? With this other indicator (“Percentage of addresses in profit”) we can see that the price of #BTC MAY still fall, in fact, in past bottoms, the indicator has always fallen below 50%. If we add to this the very uncertain situation globally, the descent may be more likely pic.twitter.com/GPejE6IxIP

  • The economic fundamentals (Inflation primarily) have not changed yet

Jason Pizzino 🌞 on Twitter: “$17,500 was a local #Bitcoin bottom.So was $25,300 (May), $32,900 (Jan) and $42,300 (Dec).We won’t know if it’s the final low until the MACRO trend changes and we have MACRO confirmation. / Twitter”

17,500 was a local #Bitcoin bottom.So was $25,300 (May), $32,900 (Jan) and $42,300 (Dec).We won’t know if it’s the final low until the MACRO trend changes and we have MACRO confirmation.

  • There may be more companies and cryptocurrencies that could fail in the next few weeks and months (like Luna, Celsius, 3AG ), and the Federal reserve’s rate hikes have only begun and are nowhere near where the Fed wants it to be.

So while there are reasons to believe that $17k was the bottom, there are some loose ends as well. It is best to wait for the consumer inflation report on July 13th to confirm the bottom. That data should show inflation has fallen in June 2022.

Bitcoin Price Prediction

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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