🚀 Bitcoin Analog Model predicted crash next week before another rally

3-11) We expect the Bitcoin bull market to continue without a big macro event that impacts the market's liquidity (through interest rate hikes or a stock market correction). The significant decline witnessed last night will have left some marks on new money entering the market and could cause prices to trade sideways for the next 1-2 weeks.

4-11) It's easy to claim this crash was predictable. As traders, we must squeeze the last juice out of bull markets, and in crypto, the highest returns come near the end of intermediate tops or the end of the cycle – when volatility is extremely high. An unknown wallet address created in 2010 dumped significant Bitcoin near the new all-time high last night. But this might not be the only secret seller.

5-11) Some have blamed January’s Bitcoin price decline on FTX creditors selling $1bn of Grayscale’s GBTC. In mid-February, a bankruptcy judge approved Genesis’s request to sell nearly $2bn of GBTC (and other crypto assets). This flow could have started to hit the market as selling in GBTC has materially increased over the last five sessions. If this is the case, it will take several days, and a deeper correction could hang over the market.

6-11) https://mail.10xresearch.co/p/bitcoin-crash-panic-bull-market-whats-next