Bitcoin prediction: This is why astrologers warn of a price drop
There are all kinds of methods to predict future Bitcoin prices.
There are all kinds of methods to predict future Bitcoin prices. Some investors prefer on-chain metrics, others use macroeconomic data, and still others rely on technical analysis. But in more esoteric circles, there's another method that may appeal to investors fascinated by zodiac signs: crypto-astrology. However, due to an upcoming planet configuration, these new Bitcoin prophets are issuing a warning.
Background: On February 28, Mars, Jupiter, Saturn, Venus, Uranus, Mercury and Neptune form a "parade of planets". This rare cosmic event will not repeat until 2040. And according to astrologers trusted with Bitcoin, this of course brings problems.
“We will likely see Bitcoin drop in value during this period as retrograde Venus and Uranus in Taurus, both of which rule money and cryptocurrencies, are unstable,” astrologer Tara Nichols tells Decrypt.
Her colleague Jana Stern adds: “Given the uncertainty in the world and the way our energy tends to become frantic before important events, we can expect fluctuations in stocks and crypto.”
The last time a similar planetary parade took place was in June 2022. Bitcoin started the month at just under US$32,000, but fell to US$19,000 by the end of the month. Will the crypto debacle repeat itself?
According to Erin Redwing, the third astrologer in the group, one thing is clear: "March will be very volatile – especially at the beginning of the month." Yet she reassures investors.
“From an astrological perspective, May looks very positive, so I don't believe it's a long-term crisis,” explains Bitcoin-optimistic podcast star .
