Bitcoin News Today: Bitcoin's $19B Purge: Clearing Path for $150K Rally?

The cryptocurrency market experienced its most volatile stretch in years following President Donald Trump's announcement of a 100% tariff on Chinese imports and export controls on critical software, triggering a historic $19 billion liquidation eventAsh Crypto Predicts Market Crash Amid $19B Liquidation Wave^[3]. Bitcoin (BTC) plummeted from a record high of $125,000 to briefly below $102,000, while Ethereum (ETH) and other major altcoins saw double-digit declinesDid Trump’s Tariff Trigger A Crypto Purge Or Just A …^[6]. Amid the chaos, analyst Ash Crypto, who accurately predicted the crash weeks earlier, has now turned bullish, forecasting a potential $150,000 price for Bitcoin by year-endAnalyst Predicts Bitcoin Could Hit 150k by Year End - CoinBuzzNow^[1].

Ash Crypto's warning about a "pump then dump" scenario proved prescient. On October 1, he cautioned that early-month gains would lure overconfident traders before a violent reversalAnalyst Predicts Bitcoin Could Hit 150k by Year End - CoinBuzzNow^[1]. The October 10 crash, which wiped out $19 billion in leveraged positions, aligned with his projectionsCrypto Liquidation hits $19B as Trump’s China Tariff ... - Coinpedia^[9]. "When fear peaks, strong buyers usually step in," he told followers, suggesting the sell-off was a necessary purge of weak handsAnalyst Predicts Bitcoin Could Hit 150k by Year End - CoinBuzzNow^[1]. Institutional interest, combined with potential Federal Reserve rate cuts, could drive a Q4 rebound, he arguedAnalyst Predicts Bitcoin Could Hit 150k by Year End - CoinBuzzNow^[1].

The market's reaction to Ash's optimism has been mixed. While some investors see a strategic buying opportunity, others remain skeptical. "These random analysts every day predict various numbers and then later on claim they were right because 1 out of 40 was true," one forum user wroteAnalyst Predicts Bitcoin Could Hit 150k by Year End - CoinBuzzNow^[1]. Yet, historical patterns and technical indicators support his case. October has historically delivered positive returns for Bitcoin 73% of the timeUptober 2025 Forecast: Top Analyst Predicts Early Dip Before …^[2]. Additionally, the recent liquidation of overleveraged positions may clear the path for stronger hands to accumulate at lower prices.

Institutional flows and macroeconomic factors further bolster Ash's forecast. The U.S. government's potential adoption of Bitcoin as a reserve asset and lower capital gains taxes could attract billions in new capital$200,000: Ash Crypto Offers Optimistic Bitcoin Forecast for 2025 ↑^[4]. Meanwhile, geopolitical stability-such as potential resolutions to the Ukraine-Russia and Israel-Hamas conflicts-may reinforce investor confidence$200,000: Ash Crypto Offers Optimistic Bitcoin Forecast for 2025 ↑^[4]. Ash also highlighted a surge in retail interest, with altcoins like XRP and SOL seeing fivefold gains, signaling broader market participation$200,000: Ash Crypto Offers Optimistic Bitcoin Forecast for 2025 ↑^[4].

However, risks remain. Trump's tariff policy remains unpredictable, and any escalation in U.S.-China trade tensions could reignite panic. The market's resilience will depend on whether Bitcoin can reclaim key resistance levels, such as $120,000. For now, the crypto community is split between those viewing the crash as a correction and those fearing a deeper bear market.

Ash Crypto's track record adds weight to his predictions. After correctly forecasting the October crash, his call for a parabolic rally in the final ten days of the month has gained tractionCrypto Crash Prediction Comes True: Here’s What’s Next For …^[5]. If his $150,000 target materializes, it would mark one of the most dramatic rebounds in crypto history-a scenario that, while ambitious, reflects the asset class's inherent volatility and potential.

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