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- 1 Pentoshi is a pseudonymous crypto market analyst name, popular on the Twitter space.
- 2 Pentoshi made his recognition by predicting crypto market prices in recent years.
Pentoshi, a name, seems like it is made up by using the first three letters of Penguin and the last five letters from Satoshi. As a crypto market analyst, he has not yet revealed his identity. He firstly used Twitter to share his market price prediction.
As of now, his Twitter account has accumulated nearly 700K followers, who wants to be updated of the current happenings in the crypto market. As per his Twitter bio, he describes himself as a “crypto enthusiast” who is “not a financial advisor.”
What Made “Pentoshi” Popular?
The popularity of Pentoshi sparked when his “accurate prediction” regarding the bullish market of 2021 got recognized on crypto Twitter. After getting popular in 2021, Pentoshi started doing bearish price prediction, earlier in 2022. Then, he switched his prediction in March 2022 as he predicted Bitcoin (BTC) rally may occur soon that would be catalyzed by different key factors.
Notably, it was the time when Terra Projects worked towards its $1 Billion buying of BTC. This analysis was after the founder and CEO of Terraforms Labs, Do Kwon, shared his company’s plan to be one of the leading corporate BTC holders.
According to his prediction,he further mentioned the pledge of El Salvador to buy $500 Million worth of the prime digital currency by using bonds, as another reason why the BTC price breakout was about to happen. But the prediction failed as TerraUSD depegged from its dollar value, and forced Terraform Labs to sell nearly $2.4 Billion worth of BTC in an attempt to defend its algorithmic stablecoin.
However, the sell-off left a negative impact on the Bitcoin market due to the sudden inflow of coins.
Now, it was the time when the first ever crypto market decline happened on March 3, 2022. He also warned the crypto users about an impending market downturn. This prediction passed on March 29, 2022, when the crypto market started sliding down that eventually wiped out Trillions of dollars from the crypto market over the upcoming two months, last year.
Rule of first out first in
— Pentoshi 🐧 euroPeng 🇪🇺 (@Pentosh1) October 4, 2022
Meat of move captured on price axis
All bears in (always unknown) time will become bulls. Everyone has to buy back some at some point or you don’t get to play. That’s how it works in the end
One day fear will again return to greed in the casino https://t.co/G25U5qbpmU
Late last year, Pentoshi again made a prediction that the BTC bottom was near. During the same period, he also warned that a BTC bottom would not necessarily transition into a new bullish trend. With a justification, he pointed out that the factors which influenced the previous bull run of BTC were notably missing.
What’s Now!
The pseudonymous crypto market analyst additionally added that BTC would not witness any new lows until the first quarter of 2023. However, he predicted that the BTC price would reach a bottom of $16,900 in the first quarter of this year.
This year, by providing crypto market predictions, Pentoshi will continue his efforts to share his predictions. For the crypto investors who want to explore more in the crypto space, may use his predictions for their understanding purpose.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
