Bitcoin and Ethereum face what was previously predicted – what happens now?

crypthub

about 17 hours ago

Market Correction Forecast

A recent crypto market crash saw Bitcoin and Ethereum experience significant drops, aligning closely with predictions made by Ash Crypto earlier in October. His post warned of a planned correction to eliminate bullish positions before a Q4 rebound. The sudden downturn caused widespread panic and substantial liquidations across exchanges.

The Dump Setup

Ash Crypto identified a “pump-then-dump” strategy aimed at trapping overconfident traders during the initial surge of October. He anticipated a dip for Bitcoin around $106,000 and Ethereum below $3,800. This prediction proved remarkably accurate amidst the prevailing “Uptober” optimism.

Future Outlook and Predictions

Following the correction, Ash Crypto anticipates a market reversal and a powerful recovery in the last ten days of October. He forecasts Bitcoin to reach $150,000 to $180,000 by the year's end, with Ethereum trading between $8,000 and $12,000. A subsequent altcoin season is also expected.