Another Crypto Crash Incoming? Will Bitcoin (BTC) go to $10,000? (Predictions)
First of all, I don't see another big dip below the $19,000 level for Bitcoin, no matter how loud the BTC bears scream "$10,000" or "$12,000"! But, I do stand by my original prediction of a "double bottom" (my bad for thinking it was already in! I'm no technical analyst by any stretch of the imagination)...it's just taking a little longer than I originally hoped! More below...
Pictured below: Crypto Crew's technical analysis has mirrored the images of stock patterns that flash through my mind the closest. Pay attention to his analysis, and prediction that we could see a small recovery of the crypto market over the next week or two after this modest pullback, followed by a quick plunge to the most recent low, and a sharp recovery with upward momentum.
Please note that the following is not intended to be financial advice! It is merely my own 'prediction' or opinion of the potential price movements in the crypto market, and should be taken as entertainment purposes only. Be sure that you never invest any money that you can't afford to lose, and apply sensible, dollar cost averaging techniques to minimize losses.
In several previous posts, I had predicted that the crypto bottom was in, and that a short-term recovery would extend through the 3rd week in August, which turned out to be true. However, my price estimations were far too aggressive (SAND, DOGE, etc.), but I stand by them through the end of the year, and into next year. Especially SAND (The Sandbox) which I really love, and can see a $20-ish price target for early 2023. (When SAND moves, it will really move, hence my over-excitement). So, you can bet that I'm a little giddy over the opportunity to accumulate just a little more during this September dip.
As noted above, I do think we'll see a small recovery of prices over the next week or so, but I would not be surprised to see BTC dip somewhat close to the $19k range (maybe just a tiny bit lower) by the third week of the month. However, it should rebound quickly (so, no worries if you don't catch it...just keep dollar cost averaging), leading into a strong October and even early November!
And no, I do not "see" BTC dipping down into the $12k range (at least not this year), so don't panic.
Also, continue to watch ETH for some sharp movements upwards (early- to mid September, most of October into early November, and January), followed by some nice pullbacks (so, don't panic, just take profits and enjoy the ride). Remember, each time there's an upward push and sharp pullback, we will see a strong recovery to higher highs. However, the volatility will be crazy.