An analyst credited with predicting the end of the Bitcoin bull market in 2022 outlines triggers that could signal the top for BTC.
Pseudonymous analyst Pentoshi tells His 822,400 followers on the social media platform
“Price will eventually stop responding to good news. Good news will no longer have any effect at all.
One day you will see all the signs. Or most of them happen together.”
The trader also tells his followers to keep a close eye on the performance of the Coinbase app on the App Store.
“This is one I’ve mentioned in the past, and at the height of the last cycle, but it’s great to bring it up now for those who haven’t seen it yet and a 100% hit rate so far have had. Coinbase is the #1 downloaded app in the app store (not just in finance).
This time, however, I would also keep an eye on the Phantom app. If everyone rushes in, there will be no one left to buy. Ultimately, looking at graphs is just seeing human emotions. Greed to fear, and fear to greed.”
The Phantom app is a digital asset wallet that allows users to store and trade crypto and non-fungible tokens (NFTs) across Solana (SOL), Ethereum (ETH), and Polygon (MATIC).
At the time of writing, Bitcoin is trading at $98,227.
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Generated image: Midjourney