The “Prophecy of Asuka” has earned meme-status across the cryptocurrency community, with many calling it a farce, while others put a lot of weight in its validity. After Bitcoin’s recent bearish trend, the crypto community had all but given up on the “prophecy.”

But last weekend’s massive green candle and historic price surge in Bitcoin, has revived hope that the prophecy will continue to ring true. Will another surprise Bitcoin price spike take the asset to $16,000 before Halloween is over, and keep the prophecy going?

Bitcoin and other cryptocurrencies are volatile assets, that often rise and fall by a large percentage on any given day. Take last week, for example, Bitcoin set its third-largest 24-hour gain with a spike from $7,400 to $10,500.

Related Reading | Will Bitcoin Price Benefit From The Halloween Effect?

Prior to that, the crypto community had all but given up on the “Prophecy of Asuka,” which claims that Bitcoin price would reach $16,000 in October 2019, after bottoming in December 2018.

The so-called prophecy originates from an anonymous poster on 4Chan, who on January 21, 2019, outlined different price points the asset would reach ranging from Bitcoin’s bear market bottom in December 2018, all the way through November 2020, when the original poster claims the asset would reach a price of $87,000 per BTC.

What gives the outlandish theory more credence, is the fact that the anonymous 4Chan poster was able to accurately call each price level leading up until now.

The prophecy called for $5,300 Bitcoin in April 2019. April was when Bitcoin broke up out of its accumulation range and began its parabolic bull rally. The next major call was for Bitcoin to reach $9,200 in July 2019. While Bitcoin also touched over $12,000 in July, the asset did fall to $9,200 at one point during the month before rallying higher once again.

Everything appeared to be on track, and the 4Chan poster began to look like a real prophet until Bitcoin came crashing down in late September following the disappointing launch of Bakkt – a crypto platform for institutional investors that was said to ignite the next bull market.

The next call the 4Chan poster made, was for $16,000 BTC in October 2019. This would require a $7,000 green candle push from bulls before the close of the day today. While such a move is unlikely, after last week’s historic price surge, it’s difficult to rule out the possibility completely.

There’s also a theory called The Halloween Effect, that claims that assets perform much better starting on Halloween through May. The Halloween Effect could be a trigger to take Bitcoin much higher to close out the month and keep the prophecy intact.

In the off chance this occurs, the next dates and levels to watch in the “Prophecy of Asuka” would be February 2020, when Bitcoin would hit $29,000 per BTC; July 2020, where the asset could reach $56,000; and then November 2020, where the asset assuringly tops out at $87,000 – as no further predictions are made after that.

Related Reading | Bitcoin Trending On Google Next To Call of Duty, Kanye West, and Rudy Giuliani

Is there any validity to the “Prophecy of Asuka” or is this yet another wild theory cooked up by crypto hopefuls wanting to see a new Bitcoin all-time high?

The post Will a Surprise $7K Bitcoin Pump on Halloween Fulfill the Prophecy of Asuka? appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

141 +