After the close, Bitcoin saw a sharp decline, reaching a low of $107,500. CryptoOracle anticipated this slowdown by stating: “The shutdown will first break liquidity, then repair it later. » He predicted that Bitcoin would enter a “fear range” between $65,000 and $75,000, an area characterized by deep liquidation and panic selling.
According to the Street site, CryptoOracle remains optimistic about the long-term prospects of Bitcoin. He believes that once the US government resolves the funding impasse and macroeconomic liquidity returns, Bitcoin will resume its upward trajectory. His target remains a price of $250,000 over the next two years, subject to the restoration of liquidity and investor confidence.
The recent government shutdown was the first time in six years. This event had significant implications for both traditional and digital markets. Analysts noted that the shutdown has led to increased volatility in cryptocurrency markets, with Bitcoin and Ethereum experiencing price fluctuations as investors shift to safer assets like stablecoins and short-term Treasury bills.
“The world still runs on dollar liquidity,” he told his group. “When it stops flowing, even Bitcoin gasps, but that’s also when the strongest hands reload.”
CryptoOracle’s ideas resonated with many in the crypto community, especially given its accurate prediction of the shutdown’s impact on the market.
