• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Meta Unveils Next-Gen AI Tools and Digital Companions for the Metaverse

2023-09-28

What Is Toncoin (TON)? Everything You Need To Know

2023-09-28

Valentino Rossi Steps into The Sandbox with ValeVerse

2023-09-27
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Meta Unveils Next-Gen AI Tools and Digital Companions for the Metaverse

    2023-09-28

    Valentino Rossi Steps into The Sandbox with ValeVerse

    2023-09-27

    Opportunities for Artists and Creators at Decentraland Music Festival 2023

    2023-09-26

    Hitachi Leverages Metaverse and VR for Next-Generation Workforce Training

    2023-09-25

    Upland and KABOOM! Unite to Address Playspace Inequity

    2023-09-22
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Ripple files motion to block SEC appeal attempt

    2023-09-04

    JP Morgan believes SEC will be forced to approve ETFs after losing case against Grayscale

    2023-09-03

    Ripple Files Motion To Oppose SEC Appeal Over Landmark XRP Ruling

    2023-09-03

    U.S. SEC Punts on Bitcoin (BTC) Spot Exchange-Traded Fund Approvals, Delays Decisions Until October

    2023-09-02

    Navigating the significance of legal opinions in the crypto sphere

    2023-09-02
  • Learn

    What Is Toncoin (TON)? Everything You Need To Know

    2023-09-28

    What is NBA Top Shot? A Beginner’s Guide

    2023-09-22

    What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-21

    SingularityNET (AGIX) Price Prediction 2023 2024 2025

    2023-09-18

    What Are Altcoins? Best Altcoins to Buy  – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-08
  • Market Cap
CryptoNewsMetaverse
Home»Analysis»Crypto Analyst Who Nailed 2018 Bitcoin Bottom Says Worst of the Bear Market Is Over – But There’s a Catch
Analysis

Crypto Analyst Who Nailed 2018 Bitcoin Bottom Says Worst of the Bear Market Is Over – But There’s a Catch

2023-01-05No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A popular crypto trader known for accurately calling the bottom of the 2018 Bitcoin (BTC) cycle says the worst of the bear market has come to an end.

Pseudonymous crypto analyst Smart Contracter tells his 217,400 Twitter followers that even though the start of the new year may bring a new low, market conditions will start to improve.

“The worst of the crypto bear market is behind us, we may yet see a new low in [the first quarter of 2023] but with FTX filing for bankruptcy and a wealth destruction of around $2 trillion it’s probably safe to assume most of the carnage in crypto is behind us. Cheers to better times.”

He also says that there is a strong price correlation between tech stocks and Bitcoin, but that relationship is even more pronounced when comparing the performance of Tesla stock to Bitcoin.

“Crypto has been correlated to tech for the most part of the last few years but the BTC chart overlayed on TSLA is actually crazy.”

Image
Source: Smart Contracter/Twitter

At time of writing Bitcoin is valued at $16,828.

Looking at Ethereum (ETH), he says that the smart contract platform is testing horizontal resistance at $1,226 but could break through to a new price range between $1,260 and $1,280.

“Looks like ETH is finally taking a stab at that 4h horizontal resistance, hopefully, this god-awful low volatility holiday period is finally over. Would love for an upper channel test at around $1,260-$1,280.”

Image
Source: Smart Contracter/Twitter

At time of writing, Ethereum is changing hands at $1,254.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

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 loses 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.

Generated Image: Midjourney



Source link

Analyst Bear Bitcoin Bottom Catch Crypto market Nailed worst
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-09-21

Shandong Province Aims for 10% of Global Metaverse Market by 2025

2023-09-11

What Are Altcoins? Best Altcoins to Buy  – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-09-08

Your Guide to the Digital World of ENS Domains – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-09-04
Add A Comment

Leave A Reply Cancel Reply

Top Posts

BendDAO contract now has only 15 ETH left to pay lenders

2022-08-22

Polygon selected to participate in Disney’s 2022 Accelerator Program

2022-07-14

AVAX enters consolidation zone in triangle pattern: Is it ripe for a bullish breakout

2022-04-11

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Meta Unveils Next-Gen AI Tools and Digital Companions for the Metaverse

2023-09-28

What Is Toncoin (TON)? Everything You Need To Know

2023-09-28

Valentino Rossi Steps into The Sandbox with ValeVerse

2023-09-27
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$26,858.00-1.06%
  • ethereumEthereum(ETH)$1,665.720.26%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$215.31-0.15%
  • rippleXRP(XRP)$0.534.92%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • Lido Staked EtherLido Staked Ether(STETH)$1,665.110.39%
  • cardanoCardano(ADA)$0.2512130.61%
  • dogecoinDogecoin(DOGE)$0.0618190.52%