The leading cryptocurrency, Bitcoin, is attempting to regain support at $85,000 as this article is being written. Following another Federal Reserve meeting, Bitcoin’s (BTC) price has plummeted, influenced by negative trends in US markets. Bitcoin had already prepared for this decline, staying quiet during stock market rises but now heading downward. What do the predictions from the cryptocurrency oracles for the years 2022 and 2025 suggest?
Roman Trading
Since the latter half of last year, Roman Trading has been bearish, and their predictions have proven accurate. Perceiving every peak as a shorting opportunity, the analyst warned of a drop from above $120,000 to $80,000. In recent evaluations, they continued to forecast declines to $76,000 and eventually to $56,000.
Today, the cryptocurrency oracle shared the following chart and wrote about the trends:
“Whenever we see a bearish trend in the 1M MACD for BTC, historically a 50% decline occurred before reaching the official bottom.
2014 – from 466 to 216
2018 – from 6.3K to 3K
2022 – from 35K to 15K
A similar 50% drop from here would place us in the 40-50K range.”
While there is certainly no such thing as foretelling the future, Roman Trading seems to have accurately understood market movements. If proven correct, BTC might reach the $50 level this year, with $80,000 serving as a significant test range.
Crypto CAPO
In the field of cryptocurrencies, Capo was the oracle of 2022, being on the right side of market predictions. Currently, BTC is below $85,000, with gold declining by 8% and silver losing 12% (though some recovery has occurred). During this turbulent period, Capo shared the following chart with insightful remarks:
“I’m not trading this, but this chart provides a clear example of potential expectations for cryptocurrencies (first image).
I still anticipate BTC regaining the $90,000-$91,000 range to confirm a bullish trend. This would mark the beginning of very good green days, likely better performing in the privacy space.
If you wonder why a potential surrender or black swan event might occur, look at the #USOIL (WTI CRUDE OIL) chart (second image) and recent geopolitical tensions. However, graphics first, then the news.”
The markets are pricing in something substantial, and we will see it in due time.
