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

Top Crypto Trader Says Final Shakeout Coming Before Market Bottoms Out – Here’s the Timeline

by Daily Hodl Staff
November 17, 2022
in Bitcoin

A widely followed crypto analyst says the digital asset market has yet to hit bottom and is predicting one more shakeout before the start of another bull market cycle.

Pseudonymous analyst Altcoin Sherpa tells their 187,100 Twitter followers that the crypto market’s historical performance is an unlikely predictor of how long the current bear market will last because there are different macroeconomics in play.

“And the past bear markets/accumulation are probably not going to necessarily look like this current one; every market cycle is different. Macro environment has never looked like it currently does in 2022 (rates + war + everything else is scary). So we could even be here longer.”

Altcoin Sherpa is forecasting at least another three to six months before the crypto market turns bullish.

“The bottom line is that we could still be chopping around for three-to-six months and even longer. Buckle up, it’s probably going to be a long fucking ride. Accumulation takes a long time and patience is the name of the game. I think most would do best DCA (dollar-cost averaging) into [Bitcoin] and [Ethereum].”

Altcoin Sherpa also says the crypto market may see fluctuations into new recent high or low price levels during the months-long accumulation phase, but he still believes the market has yet to bottom.

“For active traders, there WILL be bounces and market moves for sure. I think that we’ll see 20%-100% moves throughout this accumulation cycle as we always do. But I’m still waiting for a final shakeout before I can assume the bottom is in.”

Altcoin Sherpa predicts a possible low of $10,000 for Bitcoin’s (BTC) bottom and says they believe the bear market began in November 2021 and has lasted for about one year, while others argue that the bear market began in May 2021 and has lasted 580 days.

Source: AltcoinSherpa

At time of writing, Bitcoin is trading hands at $16,642.

Follow us on X, Facebook and Telegram

Don'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: Shuttestock/tanatpon13p/Nikelser Kate

Submit a Press Release

Industry Announcements

  • Bubblemaps Integrates With TON, Enhancing Transparency in Telegram’s Native Blockchain Ecosystem
    June 19, 2025
  • NATIX Network Launches DePAI Initiative, Merging DePIN Infrastructure With Decentralized AI
    June 19, 2025
  • BitVault Raises $2 Million From GSR, Gemini and Auros To Launch BTC-Backed Money
    June 18, 2025
  • TAC Raises $11.5 Million To Bring DeFi to Telegram’s Billion-User Ecosystem
    June 18, 2025
  • Falcon Finance Launches Pilot Season of Falcon Miles Points Program To Reward Ecosystem Participants
    June 18, 2025
  • BTCC Exchange Celebrates 14th Anniversary With Launch of First-Ever User Badge Program
    June 18, 2025
  • R0AR Introduces Unified DeFi Platform for Token, Liquidity and NFT Staking
    June 17, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$104,482.99
$104,482.99
0.55%
Ethereum
$2,511.57
$2,511.57
0.62%
BNB
$643.79
$643.79
0.35%
Solana
$145.12
$145.12
1.07%
XRP
$2.15
$2.15
1.11%

Spotlight

  • Bitwise CIO Matt Hougan Says Worries Over US Dollar and Money Printing To Accelerate One ‘Megatrend’
    June 12, 2025
  • ‘Winter’s Not Coming Back’: Michael Saylor Says Bitcoin Primed To Skyrocket to $1,000,000 – Here’s Why
    June 12, 2025
  • US Banks ‘Deeply Concerned’ About Cybersecurity Risk Following Attack on Top Financial Regulator
    June 12, 2025
  • Crypto Analyst Says New Bitcoin All-Time Highs Incoming, Updates Outlook on Ethereum
    June 12, 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