The crypto strategist who accurately nailed the 2018 Bitcoin (BTC) bear market low is mapping out what’s ahead for the king crypto after it reached fresh 2022 lows.
Pseudonymous analyst Smart Contracter tells his 214,000 Twitter followers that Bitcoin may be near a final low after it printed a new bear market bottom of around $15,700.
According to the strategist, BTC may have finally fallen enough to begin a long-term reversal.
“The first stage of the sweep [is done]. Now we wait patiently for price to close back into the prior breakdown range on daily timeframe and go all in.”
Looking at the analyst’s chart, he appears to predict that Bitcoin will likely begin a rally to $24,000 in Q2 of next year.
At time of writing, Bitcoin is changing hands for $15,708, down nearly 15% on the day.
Meanwhile, fellow crypto trader Loma tells his 275,900 Twitter followers that today’s Bitcoin crash could be an epic opportunity for long-term BTC bulls.
“If you’re looking at things from a long-term perspective, this isn’t a bad area to be a buyer. Days like today are brutal blessings.”Â
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
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.
Featured Image: Shutterstock/Marinamiltusova2250/maksum iliasin
