A Crypto Market Crash Prediction for Bitcoin and Ethereum
Ash Crypto, a well-known analyst with millions of followers, suggests a potential downturn for Bitcoin and Ethereum after Wednesday’s Federal Reserve decision.
Ash forecasts Bitcoin prices might plummet towards $100,000, while Ethereum could dip from $4,500 to $3,800 following a possible 0.25% rate cut.
Why? Investors have already factored in this slight reduction,setting the stage for a drop once the news officially breaks. Though, an unexpected 50-basis-point slash could trigger a notable bullish surge in prices.
Ash’s insights align with those of other financial experts like JPMorgan and RBC Capital Markets, who warn of a similar effect on the broader stock market due to buyer fatigue.
- Bitcoin and Ethereum could initially fall post-Fed rate cut
- A surprising large cut could lead to price increases
- Historical trends show crypto markets perform well in Q4
Despite these potential crashes, Ash remains optimistic.He foresees a strong comeback for both cryptocurrencies, with Bitcoin perhaps soaring past $150,000 and Ethereum hitting up to $10,000. This rebound seems likely as liquidations slow down and seasonal factors come into play.
Additionally, a favorable change in U.S. interest-rate policy and the introduction of altcoin ETFs could boost market sentiment further, fueling a robust rally in the fourth quarter.
