Bitboy Crypto announced several short-term bearish – but also long-term bullish – projections for the price of bitcoin. Since then, the market has recovered.
Emblematic figure of crypto-currencies, Ben Armstrong (@Bitboy_Crypto) now has 892,000 followers on Twitter and over 1.4 million on his YouTube channel, making him the most followed crypto influencer on this platform.
The price of bitcoin closed two daily sessions above the $20,000 psychological support zone – in the green today, despite Bitboy Crypto announcing that the threshold is yet to be reached.
Bitboy Crypto bitcoin price prediction
Bitboy Crypto released a detailed bitcoin prediction last month that the BTC would reach its lowest level in November or December. At the time, the price of bitcoin was around $19,000.
The same week, with bitcoin at $18,000, Bitboy tweeted:
#Bitcoin is about to crash. Don’t get me wrong, it will end up breaking the floor. I’m starting to wonder if the level of $15,000 wouldn’t be the lowest. It doesn’t really make sense at this point to believe #Bitcoin is at rock bottom. People who tell you that live in hope. We expect a collapse and it will take place before the end of 2022.
From that point, bitcoin price broke through resistance and surged more than 10% on the rise.
Some of the best cryptocurrency traders on Twitter are using Bitboy Crypto as a counter-indicator, trading against his price predictions – and the market seems to have moved against his sentiment once again.
At the time of the conference FOMCBitboy’s analysis was not much different from several bitcoin price predictions shared by professional traders.
Bitboy Crypto Might Be Right About Halting Bank Rate Hikes Federal Reserve – reports emerged this week that a United Nations agency has recommended the Federal Reserve to do so.
There have also been indications of a return to therelaxation quantitative.
Cryptocurrency prices are recovering
Total cryptocurrency market capitalization is now almost back to $1 trillion, with the price ofEthereum leading Bitcoin today, up 2% in the last 24 hours and close to above $1,400.
Dogecoin also climbed this week following news that Elon Musk’s takeover of Twitter was confirmed, along with other meme currencies.
tamadoge (TAMA) had a choppy week, surging 300% since listing in late September on OKX, even after a 50% correction earlier in the day.
The pre-sale of the new token TAX has also raised over $500,000, reaching at the time of writing $820,000 in initial seed funding.