Forecasting Bitcoin's Future: Insights from a Chinese Astrology Analyst

Renowned crypto analyst Crypto Waterman, utilizing insights from Chinese astrology, has made predictions regarding Bitcoin's price movements. He suggests a significant rise could occur in early December, after a temporary decline. Another analyst, Colin, offers a more cautious outlook, stating it's premature to expect new all-time highs for Bitcoin.

Key Takeaways

Crypto Waterman predicts a Bitcoin price surge starting from December 5, following a low between November 28 and 29.
He expects Bitcoin to rise to between $100,000 and $110,000, followed by a dip to $90,000-$100,000.
His forecast includes the possibility of reaching an all-time high of $140,000-$145,000 by mid-February.
Analyst Colin cautions that, despite a recent rebound, expecting new all-time highs is premature.
As of now, Bitcoin is trading at approximately $87,500.

Bitcoin

Predicting Bitcoin's Price Surge

Crypto analyst Crypto Waterman, known for blending his predictions with Chinese astrology, has discussed when he anticipates Bitcoin's price will skyrocket. Following a recent drop to as low as $81,000, he believes Bitcoin (BTC) is set to rebound.

In a recent post, Waterman stated that Bitcoin's price could start rising from December 5 after hitting its lowest point between November 28 and 29, coinciding with the end of Mercury retrograde. He highlighted that we could see significant price fluctuations both up and down from November 29 until December 5, reminiscent of the market behavior observed in mid-July 2021.

According to Waterman, the price rally is expected to last from December 5 to December 18, projecting that Bitcoin could reach between $100,000 and $110,000 during this two-week window. However, he predicts a subsequent decline lasting from December 18 to January 6, during which the price could drop to between $90,000 and $100,000.

Looking beyond this dip, Waterman forecasts a significant price increase beginning December 6, extending through mid-February, potentially achieving a new all-time high (ATH) ranging from $140,000 to $145,000. He has successfully predicted Bitcoin's price movements for November, attributing his accuracy to his astrological methods.

Given these insights, Waterman is optimistic that Bitcoin's last surge in this bull market cycle is approaching. He also anticipates a final rally for altcoins, suggesting that altseason may occur between January and February. With this in mind, he plans to liquidate a significant portion of his holdings by mid-February or early March, as the market transitions into the year of the Horse.

Caution Regarding New All-Time Highs

Another notable crypto analyst, Colin, has expressed skepticism regarding the prediction of new all-time highs for Bitcoin. This remark follows Bitcoin's recent recovery from lows around $81,000. He clarified that while a bounce was to be expected, given how oversold Bitcoin was, he does not foresee an immediate bullish trend leading to new ATHs.

Colin pointed out that the observed bounce does not necessarily indicate the potential for new ATHs, emphasizing that Bitcoin needs to reclaim significant key levels that are well above current prices to truly go for a new high. While he anticipates Bitcoin could reach $100,000 in this bounce, he remains cautious, asserting that this does not guarantee an imminent new ATH.

As of the current market situation, Bitcoin's price stands around $87,500, showing an increase of nearly 2% in the last 24 hours, as per CoinMarketCap data.

Bitcoin BTC trading at $86,781 on the 1D chart | Source: BTCUSDT on Tradingview.com