Moon Cycles May Predict Next Bitcoin Price Surge to $138,000
Market analysts employ various methods to predict Bitcoin's price movements, including technical analysis and market sentiment. An unconventional approach involves astrology, examining celestial bodies' influence on human behavior and the crypto market.
Moon Cycles and Bitcoin Predictions
- Crypto analyst Draz uses astrology to assess Bitcoin's price trends, focusing on moon cycles.
- During the dark phase of the moon on October 13, Bitcoin experienced choppy price action, following a $19 billion liquidation event on October 10.
- The last quarter moon coincided with an energy drain after Bitcoin recovered from $102,000 lows.
- Historically, four out of five dark moon periods have led to price declines.
With the new moon on October 21, potential price reversals were anticipated. Attention is now on October 29, marking the First Quarter moon, which has historically been bullish.
- Draz predicts significant price movements in November, potentially reaching $138,000 by the Last Quarter Moon on November 11.
- This could signal a transition into another bull rally for Bitcoin.
Investors should observe these astronomical events as potential indicators of market trends.