CryptoBirb (on the left) and Matt Zahab, the Cryptonews Podcast’s host.
CryptoBirb (Adrian Zduczyk), a well-known crypto trader, licensed technical analyst, and creator of trading organization The Birb Nest, anticipates the crypto bull market will continue for another 2-3 months and is already executing his exit strategy. He’s telling his Bitcoin Price Prediction.
“I also have a couple of small, low-leverage positions in the futures market, so I trade derivatives, I trade crypto, of course, on a spot basis, but I also have my attention elsewhere, which is definitely silver, gold, and real estate, and I’m definitely scaling out of crypto slowly in order to invest in more, way more undervalued assets,” he told Cryptonews.com last week at the Blockchain Economy Expo 2021 conference in Dubai.
When asked about the next two to three years in terms of trading, CryptoBirb stated that he feels the road ahead will be “rocky” owing to an impending bear market.
“Bitcoin is rapidly approaching its peak, and I’m seeing a lot of early indications,” he said. While he believes the market will not “collapse tomorrow,” he would want to advise new traders that now may be an excellent moment to plan and even begin implementing an exit strategy.
In terms of bitcoin price predictions, CryptoBirb anticipates the cryptocurrency will trade between USD 60,000 and USD 80,000 by January and between USD 20,000 and 30,000 on January 1, 2023. As such, he recommended all novice crypto traders to approach the space with patience, honesty, and a desire to learn.
“Patience. Pro-activity and learning, and at the same time I believe that honesty, honesty to themselves to admit their own mistakes, to skip the denial whenever they lose,” he replied when asked about the key bits of trading advice for newcomers.
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The interview is brought to you by Matt Zahab and Eimantas Žemaitis.
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The transcript of the interview:
What trends do you notice in the cryptocurrency trading scene, how are they developing, and how do you envision the landscape evolving over the next two to three years?
Personally, I feel that the next 2-3 years will be pretty difficult due to the impending bear market. Thus, until around 2-3 years from now, we will have already exited the bear market and are likely to begin a new bull market cycle. I’m about to leap onto the stage to warn everyone because I believe bitcoin is extremely close to reaching its peak. I’m seeing a lot of early indications; it’s not quite to the point where it needs to crash tomorrow, but I’m planning my escape strategy and gradually implementing it. There are no reversal signals at the moment, but I believe it is very close, within two-three months at the most. I truly hope I’m wrong, but aside from that, you know, the bear market to follow, the new bull market cycle to begin, so yeah, it’s definitely hopeful for the next year.
How would you describe your exit strategy?
So trading technique, as you know, I’m a position trader, which means I often maintain positions for a few of months. I generally avoid day trading unless there is a precise moment when I just have the time to do it. Additionally, I have a fairly conducive environment in which to do so because there is a lot of stress associated with running businesses, which is time-consuming and demanding, so I always have to be extremely conscientious about how I spend my time, which is why I would never allow myself to become a day trader and degen(erate) on leverage or something similar. So I have a couple of small, low-leverage positions in the futures market as well. So I trade derivatives, I trade crypto, of course, on a spot basis, but I also have my attention focused on assets other than crypto, which are definitely silver, gold, and real estate, and I’m definitely scaling out of crypto slowly in order to invest in more, significantly undervalued assets.
That is, for example, what silver has evolved into in the modern era.
Apart from cryptocurrency, or cryptocurrency in general, what services do people wish to learn the most from?
I believe there is enormous demand; that is, there is enormous demand when money has been expanding. Simultaneously, as long as the market continues to rise, correct? I mean, we as a firm are fundamentally sound, and we expand at a rate of roughly 100% on average each and every single year – this is nearly on the healthy side of growth each year for a startup, but we’re growing at a breakneck pace. All of the social media accounts are printing outrageous numbers – it’s rather thrilling, but it also indicates the level of demand from the public, which implies that if demand exists, the services, of course, that they are selecting, have a greater chance of being consumed. The demand is increasing in lockstep with the population, and the more work my team has to do, the more work my team has to do. Thus, there is B2C – or business to client – in which we offer subscription-based products that enable people to learn about and discover the private chapters, the private corners of The Birb Nest, the community, which is, of course, not going public. This is what we’ve been doing since 2017 – we’ve been doing it through bull and bear markets, ups and downs, crashes and the largest pumps, and nothing can change that – we’re just growing, which is the best part. On the other hand, we have B2B services – which means that our businesses, our partners, are also extremely attracted as long as B2C demand increases. As a result, there is a very direct, directional association between the B2C and B2B sectors.
What prospects do you perceive in the metaverse?
It is enormous. It’s probably far larger than I can anticipate at the moment. I believe, you know, just based on the recent Facebook statement, that it is growing large, much larger than anyone anticipates, and that we are moving closer to the point that the Matrix films warned us about. Thus, the metaverse is growing digitally.
Bitcoin Price Prediction
What is the expected price of bitcoin on January 1, 2022 and January 1, 2023?
Wow. In my perspective, it will be about USD 60k, 70k, or perhaps 80k for January 2022 and 2023. I’d expect it to cost around USD 30-20k – it’ll be fresh off the bear market. That is my argument, and I hope I am correct.
Do you have any suggestions for cryptocurrency traders? What are the three most important pieces of advice you give to newcomers entering the space?
Patience. Proactivity and learning, and at the same time, I feel that honesty, honesty to oneself, is necessary for admitting one’s own errors and foregoing denial if one loses.
What will be the trendiest trend in the cryptocurrency market in 2022?
I believe it may have anything to do with the metaverse.
