Late last year, a crypto trader managed to accurately predict Bitcoin topping out above $60,000 for the second time, and then crashing down to the $40,000 level.
Now, traders are waiting to see if the third part of his prediction will come true.
In October, the pseudonymous crypto trader known as Cheds told his 206,000 Twitter followers that there was a strong possibility that a Bitcoin futures exchange-traded fund (ETF) would launch. He also said that this would send BTC on a rally, but topping out somewhere around $64,000 and then correcting down to $40,000.
“In my opinion, if true, [Bitcoin will] rip to $64k or just above and then reject because this move is already baked in. Then dump to $40-$42k level.