Crypto Crash Prediction Comes True: Here’s What’s Next For Bitcoin And Ethereum

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The recent crypto market crashstunned investors across the globe, but one analyst saw it coming long before it happened. Bitcoin plunged from above $125,000 to briefly below $102,000, and Ethereum dropped to below $3,800, exactly as predicted by popular market commentator Ash Crypto earlier this month. 

His October 1 post on X warned of a sharp correction meant to liquidate all the bulls before a major rebound in Q4. Now that the dip has played out exactly as he forecasted, Ash Crypto’s outlook for the coming weeks is a powerful rebound phase. Related Reading A 5% Bitcoin Drop In October? History Shows That’s Rare 1 day ago The Crash Prediction That Shook ‘Uptober’

The sell-off that sent shockwaves through the industry is a quick change in sentiment after Bitcoin’s recent all-time highon October 6. Bitcoin’s decline from above $125,000 to below $110,000 caused widespread panic that flowed into other cryptocurrencies, while Ethereum followed with a sharp drop below $3,800. More than $19 billion in leveraged trades were liquidated across different exchangesin under a day, making it one of the largest wipeouts in crypto history.

However, the timing of the crash aligned almost perfectly with a projection onthe social media platform X by Ash Crypto. On October 1, Ash Crypto outlined what he called a “pump-then-dump setup” designed to trap overconfident bulls. In his post, he warned that early-month gains would bait retail traders into believing PUMPtober was real before the market reversed violently to shake them out.

Notably, the analyst predicted that Bitcoin would dip to around $106,000 and Ethereum to $3,800 or lower before rebounding later in the month. According to him, this correction phase would run until mid-October, sometime around the 15th to 20th of October, before transitioning into a powerful recovery in the last ten days of the month. BTCUSD currently trading at $114,049. Chart: TradingView What Comes Next After The Drop?

Ash Crypto’s call has proven accurate, especially against the backdrop of widespread ‘Uptober’ optimism that clouded judgmentfor many crypto traders. However, despite the predicted bearish move, the prediction post also carried a long-term sentiment that aligns with a bullish Uptober.

He explained that once market sentiment turns overwhelmingly bearish and traders begin to assume PUMPtober is canceled, short positions will pile up. It is at this point that a reversal will begin in the final ten days of October, leading to what he described as Q4 parabolic candles. Related Reading XRP Traders Face Fresh Selling Pressure As Large Holders Move Out 18 hours ago

Ash Crypto projected Bitcoin will reach between$150,000 and $180,000 by the end of the fourth quarter, while Ethereum will be trading anywhere in the $8,000 to $12,000 range. Following that move, he expects a full-fledged altcoin seasonthat will cause the price of many altcoins to grow 10x to 50x in just a few months.

At the time of writing, Bitcoin is trading at $114,049, and Ethereum is trading at $4,087.

Featured image from Unsplash, chart from TradingView