Crypto analyst Crypto Waterman, who predicted the Bitcoin price action with Chinese Astrology, has revealed when the flagship crypto will surge alongside altcoins. This comes as BTC looks to rebound from its recent crash to as low as $81,000.
Analyst Reveals When The Bitcoin Price Will Surge
In an X post, Crypto Waterman predicted that the Bitcoin price would surge from December 5 after it bottoms between November 28 and 29, when Mercury retrograde ends. He further remarked that there will be high swings up and down between November 29 and December 5, noting that the current market action is similar to mid-July 2021 in the previous cycle.
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The crypto analyst stated that the Bitcoin price rise will happen from December 5 to December 18 for two weeks, with the relief rally sending BTC to between $100,000 and $110,000. Once that happens, he predicts a three-week dip from December 18 to January 6, which will push BTC down to between $90,000 and $100,000.
After the dip, Crypto Waterman predicts that the Bitcoin price will rise from December 6 to mid-February, hitting a new all-time high (ATH) during that period. He expects the flagship crypto to rally to between $140,000 and $145,000. Notably, the crypto analyst has so far accurately predicted the November BTC price action, which he claimed was with the help of Chinese astrology.
Based on this, the crypto analyst is confident that the Bitcoin price is about to have its final leg in this bull market cycle. He also expects altcoins to witness one final rally to the upside, predicting that altseason should happen between January and February. Crypto Waterman also revealed that he plans to exit most of his bags in mid-February or the beginning of March as the market enters the horse year.
‘Too Early’ To Call For New ATH
Crypto analyst Colin has indicated that it is too early to predict that the Bitcoin price could reach a new all-time high. This follows the recent BTC rebound from its lows of around $81,000 last week. The analyst explained that a bounce was inevitable after the flagship crypto was so oversold. However, he isn’t flipping macro bullish on expecting a new ATH too quickly.
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The analyst further remarked that such a bounce says nothing about new ATHs and that BTC must reclaim major key levels well above current levels to have a chance of reaching new ATHs. He added that he expects the Bitcoin price to reach $100,000 on this bounce, but that won’t mean that a new ATH is in sight.
At the time of writing, the Bitcoin price is trading at around $87,500, up almost 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Pngtree, chart from Tradingview.com
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