{"id":607933,"date":"2024-05-14T17:00:28","date_gmt":"2024-05-14T17:00:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=607933"},"modified":"2024-06-11T06:48:44","modified_gmt":"2024-06-11T06:48:44","slug":"crypto-expert-bitcoin-bottom","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-expert-bitcoin-bottom\/","title":{"rendered":"This Crypto Expert Called The Bitcoin Top in 2021, Now He\u2019s Calling The Bottom In 2024"},"content":{"rendered":"

As the Bitcoin price continues to fluctuate wildly<\/a>, the question in every investor\u2019s mouth right now is when the digital asset will find its bottom. For some, the bottom has already been met, while for others, there are still more price crashes to come. However, one analyst\u2019s prediction in particular stands out and this is due to his track record of accurately calling the top of the market back in the 2021 bull market<\/a>.<\/p>\n

Crypto Expert Says Bitcoin Bottom Is In<\/h2>\n

Crypto expert Dave the Wave first came into prominence back in 2021 when he had accurately predicted the Bitcoin top. Given this, Dave\u2019s analysis holds weight in the crypto market, so it is no surprise that his most recent prediction calling the Bitcoin bottom is making the rounds.<\/p>\n

Related Reading: Gaming The System: Pundit Reveals Why XRP Price Will Reach $33<\/a><\/p>\n

In the analysis<\/a> which was posted on X (formerly Twitter), the crypto analyst points to a number of indicators that show that the Bitcoin bottom<\/a> has already been reached. One of these is the MACD which the analyst reveals is still far off from the levels from the last bull market.<\/p>\n

In addition to the MACD still trending below this level, the crypto expert points out that the crypto market is more mature than it was. Given this maturing market, Dave the Wave stated: \u201cIt wouldn’t at all surprise me to see something different develop, pattern-wise, over the longer time frame.\u201d<\/p>\n

The analyst suggests that the Bitcoin low is actually in<\/a>, and given that the price had fallen to $57,000 a couple of weeks ago, Dave\u2019s analysis suggests that that is as low as the price will go. If this holds, then it is possible that the Bitcoin price will not fall below $60,000 before it resumes its bull rally.<\/p>\n

BTC Price Expectations Still Bullish<\/h2>\n

Despite the slow momentum that has plagued the Bitcoin price<\/a>, investors continue to be bullish on the cryptocurrency. This is evidenced by the Bitcoin Fear & Greed Index<\/a> maintaining a firm grip on the Greed territory, showing that investors are still willing to buy into the market.<\/p>\n

Related Reading: Theta Network Breakout Imminent: Why A 100% Rise Is Possible From Here<\/a><\/p>\n

Furthermore, predictions from crypto analysts such as Rekt Capital have shown expectations for further price increases. Rekt Capital predicts<\/a> that the BTC price will still cross $100,000 as long as the price is able to break above $63,000 and hold this level.<\/p>\n

However, elsewhere in social media, there is a change in tide for the BTC price<\/a> as social sentiment begins to fall to bearish headwinds. Santiment, an on-chain data aggregation platform, revealed that the Bitcoin social sentiment has seen a 14% drop in the last week.<\/p>\n

\"Bitcoin
BTC bears drag down price | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Investment U, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

As the Bitcoin price continues to fluctuate wildly, the question in every investor\u2019s mouth right now is when the digital asset will find its bottom. For some, the bottom has already been met, while for others, there are still more price crashes to come. However, one analyst\u2019s prediction in particular stands out and this is due to his track record of accurately calling the top of the market back in the 2021 bull market. Crypto Expert Says Bitcoin Bottom Is In Crypto expert Dave the Wave first came into prominence back in 2021 when he had accurately predicted the Bitcoin top. Given this, Dave\u2019s analysis holds weight in the crypto market, so it is no surprise that his most recent prediction calling the Bitcoin bottom is making the rounds. Related Reading: Gaming The System: Pundit Reveals Why XRP Price Will Reach $33 In the analysis which was posted on X (formerly Twitter), the crypto analyst points to a number of indicators that show that the Bitcoin bottom has already been reached. One of these is the MACD which the analyst reveals is still far off from the levels from the last bull market. In addition to the MACD still trending below this level, the crypto expert points out that the crypto market is more mature than it was. Given this maturing market, Dave the Wave stated: \u201cIt wouldn’t at all surprise me to see something different develop, pattern-wise, over the longer time frame.\u201d The analyst suggests that the Bitcoin low is actually in, and given that the price had fallen to $57,000 a couple of weeks ago, Dave\u2019s analysis suggests that that is as low as the price will go. If this holds, then it is possible that the Bitcoin price will not fall below $60,000 before it resumes its bull rally. BTC Price Expectations Still Bullish Despite the slow momentum that has plagued the Bitcoin price, investors continue to be bullish on the cryptocurrency. This is evidenced by the Bitcoin Fear & Greed Index maintaining a firm grip on the Greed territory, showing that investors are still willing to buy into the market. Related Reading: Theta Network Breakout Imminent: Why A 100% Rise Is Possible From Here Furthermore, predictions from crypto analysts such as Rekt Capital have shown expectations for further price increases. Rekt Capital predicts that the BTC price will still cross $100,000 as long as the price is able to break above $63,000 and hold this level. However, elsewhere in social media, there is a change in tide for the BTC price as social sentiment begins to fall to bearish headwinds. Santiment, an on-chain data aggregation platform, revealed that the Bitcoin social sentiment has seen a 14% drop in the last week. Featured image from Investment U, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":607936,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,1119,89185,1122,1144,78790,6664,90232,14690,91847],"class_list":["post-607933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-expert","tag-crypto-news","tag-expert"],"acf":[],"yoast_head":"\nThis Crypto Expert Called The Bitcoin Top in 2021, Now He\u2019s Calling The Bottom In 2024<\/title>\n<meta name=\"description\" content=\"As the Bitcoin price continues to fluctuate wildly, the question in every investor\u2019s mouth right now is when 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"This Crypto Expert Called The Bitcoin Top in 2021, Now He\u2019s Calling The Bottom In 2024","url":"http:\/\/uniquehot.com\/news\/crypto-expert-bitcoin-bottom\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/crypto-expert-bitcoin-bottom\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/Bitcoin_497797.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/Bitcoin_497797.jpeg?fit=730%2C467"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto expert","crypto news","expert"],"dateCreated":"2024-05-14T17:00:28Z","datePublished":"2024-05-14T17:00:28Z","dateModified":"2024-06-11T06:48:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"This Crypto Expert Called The Bitcoin Top in 2021, Now He\\u2019s Calling The Bottom In 2024\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-expert-bitcoin-bottom\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-expert-bitcoin-bottom\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Bitcoin_497797.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Bitcoin_497797.jpeg?fit=730%2C467\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto expert\",\"crypto news\",\"expert\"],\"dateCreated\":\"2024-05-14T17:00:28Z\",\"datePublished\":\"2024-05-14T17:00:28Z\",\"dateModified\":\"2024-06-11T06:48:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/Bitcoin_497797.jpeg?fit=730%2C467","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/607933"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=607933"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/607933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/607936"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=607933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=607933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=607933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}