Iranian Following Trump’s statements yesterday, he announced again today that agreements and negotiations are not possible under the current conditions. Iran, which accepts that the USA is trying for negotiations, will decrease the possibility of reconciliation if it does not announce the official meeting tomorrow. On the other hand, the crypto prophet, who correctly predicted the big decline that started last year, announced his bottom target today.
Cryptocurrency Bottom Prediction
Depending on the potential for the 2022 lunar cycle to repeat crypto oracle Roman Trading says we may see the bottom in September-November. Even though BTC has exceeded 120 thousand dollars since the middle of last year, the analyst who targeted 70 thousand dollars has been right so far. Moreover, he said that the bottom will be around 50 thousand dollars. Although BTC, which has spent a very limited time below 60 thousand dollars for now, avoids deeper bottoms, investors may experience a nightmare in the scenario where the oracle is right.
“BTC weekly chart. This chart follows the 2022 bear market cycle very closely. If this situation continues, we will probably reach the bottom between September and November. Are you ready?
Its target on the chart extends to $31 thousand. This level is also well below the previous cycle peak. Moreover, it points to a scenario even worse than the 2022 crash. BTC, which lost its previous cycle peak for the first time in the 2022 crash, dropped to 15 thousand dollars. However, if BTC falls to 31 thousand dollars in this cycle, this scenario will coincide with a decrease to 10 thousand dollars in 2022.
Bitcoin Predictions
Capo and PlanB are old crypto prophets who have been wrong in the last 5 years. At some point, Roman Trading will become a laughing stock like them, and that could happen if it sticks to its September-November bottom prediction. If Trump loses the midterm elections and the Iran war is prolonged, he may be right, but this would also have devastating consequences for the global economy.
Let’s take a look at the current market views of 2 different analysts. Ran Neuner is more optimistic and shares the chart below, mentioning that he sees major signs of recovery in Bitcoin.
“While all other markets remain under pressure, BTC continues its resistance. The $77,000 level is on the agenda.”
Nic, on the other hand, drew attention to the options that expire on Friday. There are over $14 billion in options expiring and the “maximum pain” point is at $75,000. We have seen before that points of maximum pain become centers of attraction. If the negotiations are confirmed tomorrow, it would not be surprising if Bitcoin tests $ 75 thousand on Friday with the support of options.
