The Bitcoin seems so volatile that some might argue that you can also anticipate their movements with a crystal ball, reading coffee grounds or watching the stars. Check out Maren Altman, cryptocurrency astrologer and investor.
The operator has been following the movements of the stars to predict fluctuations in the price of bitcoin since last summer. And while many people may scoff at her methods, she has earned a million followers on the social network TikTok.
Last week, the 22-year-old told her followers to be on the lookout for a price correction on January 11. Why? Saturn was going to intersect with Mercury.
And bitcoin fell as much as 21% that day, slamming its rally, which had doubled in value since early December to hit a record $ 42,000 last week.
The astrologer who predicts the ups and downs of the price of bitcoin. “I’m never going to tell someone to buy this or that,” Altman says. “I can predict price trajectories, but I don’t pretend to be a financial advisor aware of someone’s specific circumstances, and therefore I never give buy or sell advice.”
For the uninitiated, Mercury represents bitcoin price data and Saturn is a brake indicator.
While many people can give Altman’s analysis as much credence as any horoscope, she is among a growing group of young TikTok influencers who started posting content about cryptocurrencies as prices rose in 2020.
This group is jumping on the bitcoin bandwagon, whose mysterious movements even baffle many financial analysts, who say that cryptocurrencies lack the fundamental data used to evaluate traditional assets.
“I’m a bit skeptical when it comes to bitcoin projections,” said Craig Erlam, analyst at forex broker OANDA. “I think it’s just a bunch of people pinning it down, trying to justify any reason to be optimistic.”
Bitcoin has increased fivefold since the beginning of 2020, leading investment banks to predict more future earnings. Citigroup said that bitcoin could reach $ 318,000, while JPMorgan Chase laughed that it will reach $ 146,000.
So what do the stars envision for the world’s favorite cryptocurrency? “I see some favorable indicators at the end of the month and especially in February and early March,” said Altman, whose readings for bitcoin’s astrological charts are based on the date of the coin’s genesis block, the equivalent of his birthday.
“However, in mid-March, I see a big correction. Mid-April is also less optimistic. May is bullish.”