Bitcoin price remains in a bear market this year after plunging by about 20% from its highest level this year. Other altcoins remain in worse shape, with top blue-chip coins like Cardano, Solana, Tron, and XRP falling by over 20% from the year-to-date high.
Bitcoin and these altcoins have ignored major industry news. They initially jumped when Donald Trump announced his plan for crypto reserves and the upcoming summit at the White House.
Astrology Hints When the Crypto Crash Ends
These coins have also crashed even as the Securities and Exchange Commission (SEC) ended top lawsuits against companies like Uniswap, OpenSea, Coinbase, Kraken, and Gemini. The agency wants to hit a reset button after the crypto industry went through multiple legal challenges.
As such, it has become hard to predict when the Bitcoin and crypto crash will end. However, one crypto analyst who uses astrology believes he knows the answer.
In a statement, Crypto Damus predicted that the crypto crash would continue until, at least March 13, when the Lunar Eclipse ends. He cited the fact that Bitcoin was opposing the Saturn conjunct.
In a separate post this week, Damus noted that the eclipse will have a mixture of aspects, such as a serious feeling of limitations and restrictions as it will be challenging Saturn. He added:
“At the same time this eclipse is making a very tight and favorable, exciting but unpredictable trine to Uranus, which can bring big personal breakthroughs and opportunities and may bring a Market recovery rally.”
Potential Catalyst for Bitcoin and Crypto Coins
A potential catalyst that may push Bitcoin and crypto higher after the Lunar Eclipse is the Federal Reserve’s decision on March 19. This decision will be notable because of the bond market’s recent performance, with short—and long-term yields having plunged.
Market participants are now predicting at least three interest rate cuts because of Donald Trump’s tariffs on Chinese, Canadian, and Mexican goods. These tariffs are expected to slow economic growth and push the Fed to act by slashing rates. Bitcoin and other crypto coins do well when the Fed is cutting rates.
The other potential catalyst for Bitcoin and other crypto coins will be the upcoming deliberations by the US government on strategic crypto reserves. While Trump has proposed these reserves, it will be up to Congress to allocate money for them.
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