The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Analyst Who Accurately Called Bitcoin’s 2018 Plunge to $3,150 Issues New BTC Alert

by Daily Hodl Staff
June 30, 2020
in Bitcoin, Trading

A crypto strategist known for accurately predicting the Bitcoin bear market bottom in 2018 says he believes the top cryptocurrency is poised for a significant correction as BTC continues to move in tandem with the stock market.

The pseudonymous analyst known as Smart Contracter says he is short-term bearish on both Bitcoin and stocks.

“Equities and BTC both look cooked. This is not re-accumulation, sorry.”

The trader’s current sentiments align with his previous analysis that Bitcoin and the S&P 500 have been “highly correlated” since the coronavirus pandemic reared its ugly head in February. He believes that both asset classes are in the midst of an ABC corrective wave, which is an Elliott Wave principle suggesting a temporary retracement in a bullish market. Once the pattern is complete, the asset will likely resume its uptrend.

#1

btc and equites correlation.

i'ts hard to deny that since the feb corona virus top equites and btc have been HIGHLY correlated to each other.

I was bullish on btc here but am beginning to think a 5 wave move up and larger abc down may now be underway. pic.twitter.com/HQUqpHnHl7

— Bluntz (@Bluntz_Capital) June 16, 2020

According to Smart Contracter, Bitcoin is en route to a generational bottom at $7,000 while the S&P 500 is likely headed to 2,600. After wave B of the pattern is complete, he expects BTC to ignite wave C of the pattern and finally breach psychological resistance of $10,000 to catapult above $12,000.

The trader used his expertise in Elliott Wave principles to correctly call the Bitcoin bottom in 2018, which happened on December 15th. The trader gave his $3,200 BTC prediction as early as June 2018.

Im calling a bottom at exactly 3.2k with a 200 dollar leeway either side.

Will retweet the shit outta this when it happens.

k thx bye ??
$BTC #BEARISH

— Bluntz (@Bluntz_Capital) June 23, 2018

But not all traders are short-term bearish on the top cryptocurrency. Scott Melker tells his 101,000 Twitter followers that BTC could be poised for a significant break out if volume picks up.

“BTC – the inverse head and shoulders is no longer a meme, although I am not in love with the volume. If there’s a retest of that neckline as support, we want to see serious volume on a bounce.”

Source: Scott Melker/Twitter
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Threshold Network’s tBTC is Now live on Sui: Ushering in a new era for Bitcoin DeFi
    July 9, 2025
  • LILPEPE Enters Fifth Presale Phase Following Rapid Sell-Out of Stage Four
    July 9, 2025
  • MultiBank Group Announces Early Access Waitlist for Pioneering MBG Token
    July 9, 2025
  • Status Unveils First Gasless L2 on Linea With 100% Community Yield Allocation Mechanism
    July 9, 2025
  • NEXBRIDGE and NEXPLACE Raise $8M Series A to Launch Integrated Bitcoin Capital Markets Ecosystem
    July 9, 2025
  • Little Pepe Becomes the Hottest Meme Coin of 2025 After Raising Over $4.5M in Presale
    July 9, 2025
  • G-Knot Appoints Fintech, Crypto Veteran Wes Kaplan as CEO To Launch the First Finger Vein Biometric Wallet
    July 8, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$109,291.28
$109,291.28
0.76%
Ethereum
$2,663.02
$2,663.02
3.43%
BNB
$663.16
$663.16
0.69%
Solana
$154.55
$154.55
2.9%
XRP
$2.38
$2.38
3.9%

Spotlight

  • Rich Dad Poor Dad Author Buys More Bitcoin, Touts $1,000,000 BTC Price Prediction
    July 2, 2025
  • Scammers Drain $20,000 From Billion-Dollar Bank Customer Who Took Out Loan for Business Purposes: Report
    July 2, 2025
  • Markets Will Choose US-Regulated Stablecoins Over CBDCs ‘All Day, Every Day,’ Says Treasury Secretary Scott Bessent
    July 2, 2025
  • Trader Issues Bitcoin Warning, Says Only ‘Small Sliver’ of Time Left in Bull Market – Here’s His Timeline
    July 2, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl