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While Bitcoin‘s price fluctuation continues, the report cards of analysts are becoming clear. So, who won this month? Crypto analysts often make mistakes, which is normal, but some made quite accurate predictions in January. Four popular crypto analysts stood out with their forecasts, and the targets they hit made their followers happy.
The Best Crypto Commentators
Accurately reading the crypto markets, distancing oneself from emotions, and looking at the current view impartially is extremely difficult. We see that analysts who perform well periodically have also experienced failures during certain phases. For example, Capo and PlanB are experts who have been stuck in different periods.
One was stuck in bull markets while the other in bear markets, so their superior achievements were limited to predictions in their respective periods. PlanB was an analyst who hit every target in the last quarter of 2021, while Capo achieved his goals during the most challenging period of the bear market in the second half of 2022.
So, who were the experts with the most accurate predictions in January?
The Best Commentators
CredibleCrypto could be ranked first. On January 20th, CredibleCrypto predicted that the BTC price would complete its breakdown after the last fall and rise above the key region again. If the increase continues, the price could reach $45,000. At that time, Chris and other experts expecting a drop were clearly mistaken.
IncomeSharks shared an expectation of a rise due to a breakout from a decreasing resistance trend line after a buyback. It is possible to rank him second among the best crypto commentators of January.
“I’m making a choppy trade here. Nothing too crazy, just spending time waiting for lower prices. I think a 4-hour downtrend needs to break, and I’m expecting super trends to turn bullish for a while. Keeping my stops tight.”
XForceGlobal, on the other hand, utilized the Elliot wave theory for his bullish prediction. He published a chart indicating that the BTC price had completed the W wave of a W-X-Y correction and had started a relief rally.
A similar chart was shared by TheTradingHubb. While the theory accurately predicted the BTC rise, the outcome is still a subject of curiosity because we will see it over time. If the count is correct, the BTC price will roughly increase by 5%, reaching the resistance area of $43,650-$44,900. For now, the outlook is positive since $43,000 has been reclaimed. If there are closures above $44,900, the rise in this scenario could continue up to $49,000. Otherwise, a downward movement will start, and the price will melt into double digits.
