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Crypto Crash Prediction Accurate: Bitcoin and Ethereum’s Next Moves Analyzed
The recent crypto market crash, predicted by analyst Ash Crypto, saw significant declines in major cryptocurrencies. Bitcoin dropped from above $125,000 to below $102,000, while Ethereum fell below $3,800.
Key Points of the Crash
- The decline occurred after Bitcoin's all-time high on October 6, causing panic across the industry.
- Over $19 billion in leveraged trades were liquidated within a day.
- Ash Crypto had forecasted this "pump-then-dump setup" to trap bullish traders.
- The prediction included a dip to around $106,000 for Bitcoin and $3,800 or lower for Ethereum before a rebound mid-October.
Outlook for the Coming Weeks
- Ash Crypto anticipates a recovery phase later in October as bearish sentiment peaks and short positions accumulate.
- He projects Bitcoin could rise to $150,000-$180,000 and Ethereum to $8,000-$12,000 by Q4 end.
- An altcoin season is expected, with potential price increases of 10x to 50x for many altcoins.
- Currently, Bitcoin trades at $114,049 and Ethereum at $4,087.