Back in June 2022, I actually shared my analysis on Facebook that Bitcoin will drop after July 2022. So far, it does seem to be happening. As of today on 7 Sep, its price now is slightly below US$19,000.
Here is the analysis in case you are lazy to click on the FB link above where my original post was:
Looking
at the recent movement of Bitcoin and juxtaposing to the planetary
transit, it seems like Saturn has a causative effect on its bull run
since Dec 2020. Based on the date and time of which the genesis block
was first minted, the cryptocurrency has a Cancer Rising chart and thus
its lord, the Moon, is exactly where Saturn is transiting over during
that time. In recent months, Jupiter has been transiting over the natal
Moon and some astrologers have predicted a big spike in its price since
Jupiter is the significator of wealth and expansive energy.
Unfortunately, the reverse happened and its price has plummeted ever
since Nov 2021.
WILL THIS DOWNWARD SPIRAL CONTINUE? IT SEEMS VERY LIKELY
since Jupiter is actually going retrograde on 29 July 2022, thus will
be hovering around natal Moon for a long while UNTIL FEB 2023. So
Bitcoin may actually become worthless by that time. Will it make a
comeback after that? I am not sure since I did not look that far ahead.
Even if it does, people who got burnt by it during this period will be
extremely cautious.
Update: Latest as of 22 Nov 2022, Bitcoin is now below US$17,000, the fall as predicted.
