Bitcoin Price Up Since Bitboy Crypto's Bearish Prediction – Cryptonews
Bitboy Crypto has shared several short term bearish – but long term bullish – Bitcoin price predictions. Since then the market has rallied.
A love / hate figure in cryptocurrency, Ben Armstrong (@Bitboy_Crypto) now has 892,000 Twitter followers and over 1.4 million on his YouTube channel – the most followed crypto influencer on that platform.
The Bitcoin price has now closed two daily candles above the $20,000 psychological support area – in the green today despite Bitboy Crypto posting that the bottom is not yet in.
Bitboy Crypto laid out a detailed Bitcoin prediction last month – that BTC would bottom in November or December. At the time the Bitcoin price was around $19,000.
The same week, with Bitcoin at $18,000, Bitboy tweeted:
#Bitcoin is teetering on breaking the floor. Make no mistake it’s going to eventual bust through the floor. Starting to wonder if $15kish may be bottom. It doesn’t really make sense at this point to believe the bottom of #Bitcoin is in. People who are telling you this are living on hopium. We have been knocking on the door of a plunge and it’s coming before the end of 2022.
From that point the Bitcoin price has broken resistance and pumped over 10% to the upside.
Some of the best crypto Twitter traders use Bitboy Crypto as a counter indicator, trading against his price predictions – and the market appears to have moved against his sentiment once again.
Around the time of the FOMC meeting, Bitboy’s analysis wasn’t too dissimilar to several Bitcoin price predictions shared by professional traders however.
Bitboy Crypto may prove to be correct on the Federal Reserve pausing rate hikes – news broke this week that a UN agency has recommended to the Fed that they do so.
There have also been signs of a pivot back to quantitative easing.
The total crypto market cap is now almost back to $1 trillion, with the Ethereum price leading Bitcoin today, up 2% in the past 24 hours and close to breaking out over $1,400.
Dogecoin has also rallied this week on news that Elon Musk is now confirmed to be buying out Twitter, alongside other meme coins.
Tamadoge (TAMA) has had a volatile week, currently up 300% from its late September listing on OKX even after a 50% correction earlier today.
New token presale IMPT has also raised over $500,000, at press time hitting $820,000 in initial seed round funding.
A quick 3min read about today's crypto news!